Treasury Metals announced it’s crossed a project milestone for its advanced Goliath Gold Project, east of Dryden in northwestern Ontario.
The Toronto-based junior miner announced the Canadian Environmental Assessment Agency has determined that the company’s environmental impact statement (EIS) submission for the high-grade mine project confirms to its guidelines and the project can now move forward to public comment period and technical reviews by various federal government agencies.
The 30-day commenting period began April 25 with open house meetings in the Dryden and Wabigoon area. This includes Aboriginal consultation.
Treasury Metals’ consulting team will be present to provide technical information during these sessions.
The provincial also begins its technical reviews and will provide input to the federal process.
The project is located just off the Trans-Canada Highway, 15 kilometres east of Dryden.
The company has tabulated 1.7-million ounces of high grade gold, both inferred and indicated, for an estimated 10 to 12-year open-pit and underground mine life.
According to the company’s timelines, it expects to have federal permitting by the third quarter and provincial permitting by year’s end. Procurement and site development should begin by fall with gold production starting by the fourth quarter of 2016.
A copy of the EIS can be found on the Canadian Environmental Assessment Registry on the Canadian Environmental Assessment Agency’s website and at www.treasurymetals.com.