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June 17, 2019

Canadian agency seeks comment on Treasury Metals’ Goliath project

The Canadian Environmental Assessment Agency has released its draft environmental assessment (EA) report (draft EA report) for Treasury Metals’ Goliath gold project.

The Canadian Environmental Assessment Agency has released its draft environmental assessment (EA) report (draft EA report) for Treasury Metals’ Goliath gold project.

The agency concluded that Treasury Metals’ proposed Goliath gold project is not likely to cause significant adverse environmental effects.

Treasury Metals’ Goliath gold project is located in north-western Ontario, Canada.

The agency has released its draft EA report and the potential conditions that would be applied and legally binding following approval of the project under the Canadian Environmental Assessment Act 2012.

The release is part of the federal EA mine permitting process for the project.

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

“This final public comment period runs until 12 July 2019, and we encourage the public, interested parties and stakeholders to review and comment during the next month.”

The agency will consider all comments after the 30-day final public comment period on the draft EA report and potential conditions of approval conclude.

Following this, the agency will submit a final EA report and potential conditions to the Minister of Environment and Climate Change. A decision notice will be then released.

The Goliath gold project located in the Kenora / Dryden district is slated for near-term Canadian gold production.

Treasury Metals is planning an initial open-pit development to feed a 2,500t per day processing facility in the near future.

Subsequent underground operations will be developed in the latter years of the 12-year mine life.

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