US-based West Vault Mining has received federal consent to construct and operate Hasbrouck Mine in the US state of Nevada.
The company received a Decision Record (DR) and Finding of No Significant Impact (FONSI) following the completion of the Environmental Assessment (EA) analysis by the Bureau of Land Management (BLM).
The receipt of DR indicates that the mine meets all the requirements under the National Environmental Policy Act (NEPA) and EA process.
The Hasbrouch project is located approximately five miles south-west of Tonopah in Esmeralda County.
The first phase of the Hasbrouck gold project is the ‘Three Hills’ mine, located west of the town of Tonopah.
West Vault Mining chairman and Sun Valley Gold president Peter Palmedo said: “We are very pleased to have completed federal permitting at the Hasbrouck Mine.
“The completion of construction level permits for both phases of the 100% owned Hasbrouck Gold Project is a significant value addition to the property.
“This is a big step forward for West Vault Mining. We appreciate the professionalism and hard work of the BLM staff, the staff at all involved state agencies and our environmental consultants.”
Claimed to be one of only a few “shovel-ready gold projects in the US South-west”, the Hasbrouck gold project is estimated to host proven and probable gold reserves of 762,000oz and proven and probable silver reserves of 10,569,000oz.
In July this year, West Vault acquired a 100% interest in the Hasbrouck gold project by purchasing 25% interest from Waterton Precious Metals Fund II for $10m.