SLD

Solid Gold Resources Corp. ("Solid Gold") (TSX VENTURE:SLD) reports that new
regulations obligating proponents to consult with potentially affected
Aboriginal communities before conducting exploration activities in Ontario are
scheduled to come into force on November 1, 2012. 


"These rules result in a total transfer of all Natural Resources to the control
of hostile third party governments. It is my opinion that Canadians must do
everything possible to stop this ill-conceived race-based initiative", stated
Darryl Stretch, president of the company.


On January 3, 2012, in the absence of any supporting law, a motions judge in the
Superior Court of Ontario ordered Solid Gold Resources Corp. to stop all
exploration work at Lake Abitibi and, together with the Province of Ontario, to
consult and accommodate Wahgoshig First Nation (WFN). 


Two days later, in reference to the order, Premier Dalton McGuinty of Ontario
stated:


"There is an important legal obligation now placed on businesses to consult in a
formal and thorough way."


No law or regulation was in place on January 5, 2012 when the Premier of Ontario
made that statement and in fact the law will not come into effect for another
two weeks. 


It is now a year since Ontario acknowledged that it was the Crown's duty to
consult WFN and it had not met that duty. Solid Gold Resources Corp. anticipates
an imminent declaration from Ontario that the Crown has now met its
constitutional duty to consult and accommodate WFN where required.


Further, in the interest of clarity, Ontario must inform and assure all
stakeholders that, just as in any other contract, terms cannot be changed
without the consent of all parties and that these new regulatory obligations
will only be imposed on holders of mining claims recorded after November 1,
2012.


Without any debate in the people's house, Ontario has imposed these regulations
on the public after a six-year multi-billion-dollar initiative. The company has
been unable to locate a single report of any kind with respect to these
fundamental matters, including a report on public consultation or even an
impact-benefit analysis. The government's initiative fails the most basic smell
test: what is the definition of consultation? A search of Ontario's newly
updated website does not reveal a definition of "consultation" as it relates to
First Nations. It certainly is not to be found among all the other definitions
and interpretations in the new Mining Act. 


When asked to define "consultation", one of the lawyers for WFN replied, "It is
case-specific and fact-specific. The Court will decide. In some cases, it is the
rights that are at issue, how strong those rights are, what kind of drilling is
being proposed. But it really depends on the case." 


If counsel is correct, the Courts will quickly overflow with First Nations vs.
industry conflicts, financed by taxpayers and further choking Ontario to
economic collapse. How could conflict resolution be fairly adjudicated by the
government without fundamental legal definition engrained in statute? Debate in
the legislature on bullying should fully canvass the government's behavior in
this case. It is plain that Ontario is mired in an impossible conflict and has
proven itself incapable of non-biased action to protect Canada's sovereignty and
Solid Gold's statutory right to access and to explore its recorded mineral
claims without interference. 


Mr. Stretch has accepted an invitation to speak on these and other matters, such
as the Government's "revenue-sharing scheme" at 10 AM, November 7, 2012 at the
Ontario Prospectors Symposium in Sudbury, Ontario.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Solid Gold Resources Corp.
(604) 638-4960
Info@solidGOLDcorp.com

(TSXV:SLD)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

(TSXV:SLD)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024