Forsys to start production in 2009

CANADA’S Forsys Metals Corporation has announced plans to commence production at its Valencia Uranium Deposit in Namibia by the year 2009.

The company’s Chairman and Chief Executive Officer, Duane Parnham, made the announcement on Tuesday after a meeting with President Hifikepunye Pohamba at State House. He said Forsys has completed a pre-feasibility study on its wholly owned Valencia Uranium Project at Arandis, and the construction phase is likely to start in 2008, subject to approval of the mining licence by the Ministry of Mines and Energy.”Production at the project is scheduled to commence in 2009.We came here today to inform the President of the progress we’ve made so far,” he said.Parnham also announced that environmental studies at Valencia are well advanced and an application for a mining licence at the Valencia deposit is being prepared for submission to the Government.The Valencia uranium deposit is the company’s flagship project.NampaHe said Forsys has completed a pre-feasibility study on its wholly owned Valencia Uranium Project at Arandis, and the construction phase is likely to start in 2008, subject to approval of the mining licence by the Ministry of Mines and Energy.”Production at the project is scheduled to commence in 2009.We came here today to inform the President of the progress we’ve made so far,” he said.Parnham also announced that environmental studies at Valencia are well advanced and an application for a mining licence at the Valencia deposit is being prepared for submission to the Government.The Valencia uranium deposit is the company’s flagship project.Nampa