Garrison Announces Approval of Social Impact Study of Tovshiir Gold Project
TORONTO, ONTARIO, May 20, 2010 (MARKETWIRE via COMTEX) -- Garrison International Ltd. /quotes/comstock/11v!gau (CA:GAU 0.06, -0.02, -20.00%) ("Garrison") is pleased to announce that the Mongolian Government has formally approved the Social Impact Study of the Tovshiir Gold Project prepared and submitted by Garrison.
The Social Impact Study is a required under Mongolian mining laws, and is an important step in the process of obtaining approval to exploit a mineral deposit.
The detailed study was conducted by Usny Erchim LLC on Garrison's behalf and reported the Tovshiir Gold Project's economical viability, planned ore extraction and processing methods, as well as social and environmental impacts on the surrounding area. With the Social Impact Study having been approved, Garrison may now commence mining operations within the area covered by the Tovshiir mining leases.
Construction of a processing plant on this project will also commence shortly, with all pre-fabrication having been completed and all of the concrete footings and steel beams required for construction already on site. A 500 ton per day capacity ball mill is being shipped from China, and the customs clearance process for that shipment is already underway.
About Garrison
Garrison is a junior mineral exploration company focused on acquiring and developing advanced stage gold properties in Mongolia. For complete details on Garrison International Ltd. and its partners, management encourages investors and interested parties to view its public documents filed on SEDAR at www.sedar.com.
CAUTIONARY STATEMENT
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements in this news release, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the future plans and objectives of Garrison International Ltd. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Garrison International Ltd. assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
Shares Outstanding - 100,437,769
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The Social Impact Study is a required under Mongolian mining laws, and is an important step in the process of obtaining approval to exploit a mineral deposit.
The detailed study was conducted by Usny Erchim LLC on Garrison's behalf and reported the Tovshiir Gold Project's economical viability, planned ore extraction and processing methods, as well as social and environmental impacts on the surrounding area. With the Social Impact Study having been approved, Garrison may now commence mining operations within the area covered by the Tovshiir mining leases.
Construction of a processing plant on this project will also commence shortly, with all pre-fabrication having been completed and all of the concrete footings and steel beams required for construction already on site. A 500 ton per day capacity ball mill is being shipped from China, and the customs clearance process for that shipment is already underway.
About Garrison
Garrison is a junior mineral exploration company focused on acquiring and developing advanced stage gold properties in Mongolia. For complete details on Garrison International Ltd. and its partners, management encourages investors and interested parties to view its public documents filed on SEDAR at www.sedar.com.
CAUTIONARY STATEMENT
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements in this news release, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the future plans and objectives of Garrison International Ltd. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Garrison International Ltd. assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
Shares Outstanding - 100,437,769
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Garrison International Ltd. Blair Krueger President & CEO (416) 524-8150 www.garrison-intl.comSOURCE: Garrison International Ltd.
http://www.garrison-intl.comCopyright 2010 Marketwire, Inc., All rights reserved.
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