Spanish Mountain Gold's BC project passes archaeological test
Spanish Mountain Gold (TSXV: SPA) is one step closer to developing its namesake project in British Columbia following the acceptance by local First Nations of the results of an independent archaeological impact assessment.
In a press release, Spanish Mountain said the survey found the investigated area to have sustained previous disturbance through extensive forestry-related and placer mining activities. Thus, no remains or artifacts are expected to be found there.
This means that the mining operation proposed by the Vancouver-based company in its 2017 Preliminary Economic Assessment can move forward as planned.
The archaeological assessment follows a field program that took place in the summer of 2018 led by archaeologists, field technicians and heritage specialists representing all three First Nations communities whose traditional territories encompass the project area; the Williams Lake Indian Band, Xatśūll First Nation and Lhtako Dené Nation.
"We have now achieved a significant milestone in the overall permitting process and have thereby further de-risked our project. We are satisfied that the proposed project footprint does not appear to impact areas that may be of archaeological significance to our First Nations communities," said Larry Yau, CEO of Spanish Mountain Gold.
The firm's sole project is located in southern-central British Columbia, 70 kilometres northeast of Williams Lake. It is a two-zone project in which the pit-delineated high-grade core or First Zone of the multi-million-ounce resource is expected to sustain a stand-alone operation exceeding 24 years.
Additionally, Spanish Mountain reports that resource ounces for the Second Zone, which are not included in its 2017 PEA, present future development opportunities for the project.
source: MINING.COM
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
India’s record gold import said to be due to calculation error
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Aluminum price falls to one-month low in wider commodity slump
Skeena advances Eskay Creek permitting, unlocks Orion funding
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
Rio Tinto, BHP, and BlueScope to build ‘green iron’ plant
Arcadium Lithium investors sue miner over Rio Tinto takeover
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
Rio Tinto, BHP, and BlueScope to build ‘green iron’ plant
Arcadium Lithium investors sue miner over Rio Tinto takeover
Skeena advances Eskay Creek permitting, unlocks Orion funding
