Another Bad Day for Mining in Canada

Solid Gold Resources Corp. ("Solid Gold") (TSX VENTURE:SLD) reports that The
Wahgoshig First Nation has issued a claim against Her Majesty The Queen In Right
of Ontario and Solid Gold Resources Corp.


Among other things, the claim states that "the mining act does not establish any
requirement on the Crown or the holder of a prospectors licence to consult or
accommodate aboriginal communities" therefore the act "is unconstitutional and
of no force and effect".


The claim is for damages for breach of "aboriginal or treaty rights under
Section s. 35(1) of the Constitution Act, 1982" and seeks a permanent injunction
stopping Solid Gold from exploring its Crown granted claims "without the express
written consent of Wahgoshig First Nations."


"This is an important matter and could have a significant impact on Canada's
near term economy", stated Darryl Stretch, President of Solid Gold. 


Solid Gold is appealing to Canadians and Industry across the country for support
in mounting an effective defence against these claims. 


Solid Gold continues to engage with Ontario and Wahgoshig First Nation in an
effort to bring a swift resolution to this difficult matter while protecting the
shareholders right to develop the high grade gold discovery known as SG 09 and
other promising targets on Solid Gold's claims at Lake Abitibi.


Business of Solid Gold Resources Corp.

Solid Gold is a junior mining exploration and development company, which
controls a +/-200-square-kilometer prospect hosting potential for discovery of
economic mineralization at Lake Abitibi near the Porcupine Fault zone in
Northern Ontario.

(TSXV:SLD)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024