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Northern regulator denies Ur-Energy's bid to drill for uranium in NWT

Published: Wednesday, May 9, 2007 | 1:49 PM ET

Canadian Press

(CP) - A northern regulator has recommended that a small uranium exploration project should be denied the go-ahead to proceed.

The Mackenzie Valley Environmental Impact Review Board has announced that Ur-Energy's (TSX:URE) plan to drill up to 20 holes this summer should be rejected. The board says such activity would harm the cultural and spiritual value of the area to nearby Dene.

The project is in the watershed of the Thelon Basin in the southeastern Northwest Territories that is revered for its pristine landscape and abundant wildlife.

But it is also coveted for its mineral wealth and dozens of other miners hold hundreds of claims and leases in the area.

Indian Affairs Minister Jim Prentice will make the final decision on the board's recommendation.

http://www.cbc.ca/cp/business/070509/b050959A.html