Goldbelt (GLD.V) applied for new Burkina Faso license
[Note: This is about a month old. FL]
December 22, 2005 For Immediate Release
GOLDBELT SUBMITS APPLICATION FOR AN EXPLOITATION LICENSE FOR THE INATA PROJECT
Ouagadougou, Burkina Faso, West Africa -
Goldbelt Resources Ltd. (TSXV: GLD) is pleased to announce that it has submitted its application for a mining permit (Exploitation License) for the future development of the “Inata Gold Mine”.
The Exploitation License Application consists of three key elements as proscribed by the Laws of Burkina Faso:
· an Environmental Impact Statement,
· a Sociological Impact Study
· Economic & Technical Analysis
Approval for the Exploitation License submission is expected in early 2006. Further Exploration and Development Program Goldbelt will conduct further exploration in the Belahouro Exploration License particularly around Inata to identify additional mineralization. Exploration in the Souma and Fete Kole areas will be conducted to identify additional mineralization which will be within easy trucking distance from Inata.
For further details on Goldbelt Resources and the Belahouro site, please visit the Company’s website at www.goldbeltresources.com or contact Laura Sandilands, Investor Relations, at (416) 364-0557 or by email lsandilands@goldbeltresources.com.
GOLDBELT RESOURCES LTD.
Per: “Collin Ellison”
Collin Ellison, President and CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. The news release includes certain “forward-looking statements.” All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization, exploration results and future plans and objectives of Goldbelt Resources Ltd., are forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important actors that could cause actual results to differ materially from Goldbelt Resources Ltd. expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.
AI
