AuRico Metals Advances Kemess Underground Gold-Copper Project to Feasibility Study, Canada
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AuRico Metals Inc. has advanced the Kemess Underground Project to feasibility study.
The British Columbia Environmental Assessment Office (EAO) approved the application information requirements (AIR) for the project. The AIR specifies the information that must be contained in the environmental assessment (EA) application for an EA Certificate. The BC EAO is managing the environmental assessment in a substituted process on behalf of British Columbia and the Canadian Environmental Assessment Agency.
“The receipt of the AIR and completion of the EA application is the culmination of a tremendous effort by the AuRico Metals team and our consultants and I would like to take this opportunity to commend them for their efforts. We view the EA as a significant de-risking catalyst for the Kemess Underground project and we continue to target the fourth quarter of 2016 for the receipt of governmental decisions on the project. Separately, we remain on track to release an updated Kemess Underground feasibility study and Kemess East resource estimate by the end of this quarter,” said Chris Richter, president and CEO of AuRico Metals.
Having finalized the AIR with the EAO, AuRico Metals has completed its environmental assessment application and has submitted copies of the EA application to the three First Nations who are collectively the Tse Keh Nay. AuRico Metals expects to submit the EA application to the BC EAO within the next six weeks. At that point the application will be subject to a 30 day EAO screening process before entering into the 180 day review period.
About AuRico Metals
AuRico Metals is a mining royalty and development company whose producing gold royalty assets include a 1.5 percent NSR royalty on the Young-Davidson Gold Mine, a 0.25 percent NSR royalty on the Williams Mine at Hemlo, and a 0.5 percent NSR royalty on the Eagle River Mine — all located in Ontario, Canada. AuRico Metals also has a 2 percent NSR royalty on the Fosterville Mine and a 1 percent NSR royalty on the Stawell Mine, located in Victoria, Australia. Aside from its diversified royalty portfolio, AuRico owns (100 percent) the advanced Kemess Gold-Copper Project in British Columbia, Canada. AuRico Metals’ head office is located in Toronto, Ontario, Canada.
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