WILMINGTON, DE and SANTA ROSA BEACH, FL, March 27, 2008 -- Perihelion Global, a development company with interests in natural resources, alternative energies, and advanced communications, has announced that the Company has completed the required comprehensive Storm Water Pollution Prevention Plan (SWPPP) and filed for and received a Storm Water Construction Permit for use at its Patented Gold mine near the Utah/Nevada border.
State of Utah regulations require construction activity that will disturb one or more acres of land to develop a comprehensive Storm Water Pollution Prevention Plan (SWPPP) and obtain a Storm Water Permit before commencing operations. The permit is based on EPA regulations designed to control storm water and to reduce the amount of pollutants entering rivers, lakes, and streams.
With this additional permit, the Company is permitted to begin installing equipment and preparing the designated mining area for commencement of mining operations. The Company acquired the Storm Water Permit in addition to permits received for Small Mining Operations (State of Utah, received April 2007), Small Mine Reclamation (State of Utah, received April 2007), Right of Way Grant Over Federal Land (US Dept. of Interior-BLM, received June 2007), and Amended Small Mining Operations (State of Utah, received October 2007).
The Patented Gold Mine is located at high elevation and has been affected by above average seasonal snowfall limiting access during the past winter months. With spring approaching and temperatures rising, the Company anticipates resuming work at the mine to prepare for operations under the Storm Water Permit. The Company completed construction of an approximate 8,000 ft roadway over Federal Lands after receiving the Right of Way Grant from the US Dept. of Interior, Bureau of Land Management last year to allow for transportation to and from the mine over Federal Land. Successful development of the Patented Gold Mine remains a primary business objective for the Company, and management continues to believe the financial climate for metals prices will remain attractive through the development of this property.
The Company will apprise shareholders of relevant progress achieved at the Patented Mine site.
Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets.
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