R/€ = 15.67 Change: -0.03
R/$ = 13.98 Change: -0.03
Au 1404.82 $/oz Change: -8.87
Pt 838.99 $/oz Change: -3.24
 
 
R/€ = 15.67 Change: -0.03
R/$ = 13.98 Change: -0.03
Au 1404.82 $/oz Change: -8.87
Pt 838.99 $/oz Change: -3.24
 
 
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Public comment sought on proposed Ontario mine

14th June 2019

The Canadian Environmental Assessment Agency has concluded that TSX-listed Treasury Metals’ proposed Goliath gold project, in north-western Ontario, is not likely to cause significant adverse environmental effects.

The agency has published its draft environmental assessment report for a 30-day public comment period, following which it will submit a final report and potential conditions to Environment and Climate Change Minister Catherine McKenna.

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"With the significant resources our company and stakeholders have invested in the environmental approval process, the full value of our advanced gold development project in north-western Ontario is near to being realised," said Treasury CEO Greg Ferron.

Treasury is planning an initial openpit development to feed a 2 500 t/d processing plant, with subsequent underground operations in the latter years of the 12-year mine life.

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According to the draft environmental assessment report, Treasury is proposing an openpit and underground gold mine about 20 km east of Dryden, with an ore production capacity of 5 424 t/d. Over 12 years of operations, the average ore production and ore input capacity of the mine and mill would be 2 700 t/d. Ore would be processed on site to produce a final doré bar that would be shipped off site for further refining and upgrading. 

EDITED BY: Mariaan Webb Creamer Media Senior Researcher and Deputy Editor Online
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