KBL submits statement of environmental effects for Pearse North deposit

8 August 2016 (Last Updated August 8th, 2016 18:30)

Australia-based KBL Mining has submitted a statement of environmental effects for its Pearse North deposit.

Australia-based KBL Mining has submitted a statement of environmental effects for its Pearse North deposit.

The latest document will serve as the final major work that is needed to support regulatory approval to start mining at Pearse North.

Located about 200m northwest of the operating Pearse open cut gold mine, the Pearse North deposit is a shear-hosted epithermal gold–silver deposit similar to Pearse.

"The document consists of a review by industry experts as to the environmental implications and management strategies that support mine planning."

The company announced a maiden ore reserve estimate for the deposit comprising 179kt at 2.5g/t gold and 21g/t silver in June.

The document consists of a review by industry experts as to the environmental implications and management strategies that support mine planning.

It also highlights benefits that would be offered for the local community, including the potential employment of 50 personnel and an additional 30 contract staff.

Following the provision of the final documentation, approvals for the Pearse North development are expected to be received later this year.

The company plans to focus on the exploitation of shallow, open pit gold opportunities.

Further resource definition drilling is set to occur in parallel with the mining operations, in order to return to underground polymetallic production in the future.