Treasury Metals Achieves Permitting Milestone for Goliath Gold Project, Ontario
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Treasury Metals has released updates on recent advances related to the permitting process at the company’s Goliath Gold Project in Northwestern Ontario.
Federal Environmental Assessment Update
As part of the Federal Environmental Assessment (EA) process, the Canadian Environmental Assessment Agency (CEAA) accepted the company’s submissions on March 14, 2019, and resumes the federally legislated timeline to approve the EA and register a decision. CEAA has undergone an extensive technical review of the draft documentation.
Under the EA process, the remaining legislated timeline includes a formal review along with a 30-day final public comment period on a draft EA Report and potential conditions of approval, and up to 60 days for a ministerial decision at which point the federal government renders a decision notice.
Community Update
Treasury continues to focus on community relations related to the EA process to ensure local stakeholder inputs are reflected in the EA process and as part of the overall development of the project.
The company has signed an engagement agreement with Wabauskang First Nation. The purpose of the agreement is to establish a framework for meaningful information sharing and communication and forms a roadmap for continued engagement with the community. This engagement will facilitate the community’s ability to understand the impact of the project and allows for the company to better understand the community’s viewpoints moving forward as part of Goliath’s development and design process.
About Treasury Metals
Treasury Metals Inc. is a gold focused exploration and development company with assets in Canada. Treasury Metals Inc.‘s 100 percent owned Goliath Gold Project in northwestern Ontario is slated to become one of Canada’s next producing gold mines. With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an open pit gold mine to feed a 2,500 per day processing plant with subsequent underground operations in the latter years of the mine life.
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