Treasury Metals Granted Federal Government Environmental Assessment Approval for the Goliath Gold Project
Treasury Metals Granted Federal Government Environmental Assessment
Approval for the Goliath Gold Project
TSX: TML
OTCQX: TSRMF
TORONTO
,
Aug. 20, 2019
/CNW/ -
Treasury Metals Inc.
(
TSX: TML, the "Company" or "Treasury Metals"
) is pleased to announce that on
August 19, 2019
the Canadian Environmental Assessment Agency ("CEAA") issued a positive statement for Treasury Metals' Goliath Gold Project (the "Project").
The Honorable Catherine McKenna, Minister of Environment and Climate Change, announced in her decision that the proposed Goliath Gold Project may
proceed.
The Project, as proposed by Treasury, consists of the construction, operation, decommissioning, and remediation of an open-pit and underground gold mine and
associated infrastructure located 20 kilometres east of the
City of Dryden
, Ontario. The proposed Project could create up to 450 jobs during construction and 250
jobs during operations over the life of the project. The Company continues to complete requirements for final authorizations and permits.
To view the news release issued
August 19, 2019
by CEAA, click here:
https://ceaa-acee.gc.ca/050/evaluations/document/132191?culture=en-CA
"The Minister's approval of the EA is a significant de-risking milestone for the Goliath Gold Project and our shareholders. The Company has made major
commitments and efforts to advance the Project, and we would like to thank the local communities, the representatives of the local Indigenous communities, the
public, and the various government agencies for their work and participation throughout the EA. We look forward to the continued advancement of the Project,"
said
Greg Ferron
, Treasury Metals Inc.'s Chief Executive Officer.
The decision was made following a thorough and science-based environmental assessment process with input received from Indigenous groups, the public, and
federal departments including Fisheries and Oceans Canada, Environment and Climate Change Canada, Health Canada, and Natural Resources Canada and
various agencies across all provincial ministries. The report concluded that the project is not likely to cause significant adverse environmental effects when
mitigation measures are taken into account. The federal minister's decision states that Treasury Metals Inc. can now proceed with obtaining final permits and
authorizations required to begin construction.
Mark Wheeler
, Project Director, stated, "The project team worked closely across multiple government ministries since 2014 alongside Indigenous communities
and local public stakeholders. The EA approval allows us to devote full focus on the remaining technical studies and permitting, and to prepare for a future
construction decision."
Treasury continues work on de-risking and optimizing the Goliath Gold Project through 2019, making significant progress on advanced engineering studies,
community engagement, and construction permits applications, and ultimately, towards a construction decision.
To view further details about the Goliath Gold Project please visit the Company's website at
www.treasurymetals.com
.
Follow us on Twitter @TreasuryMetals
About Treasury Metals Inc.:
Treasury Metals Inc. is a gold focused exploration and development company with assets in
Canada
and is listed on the Toronto Stock Exchange ("TSX") under
the symbol "TML" and on the OTCQX® Best Market under the symbol TSRMF. Treasury Metals Inc.'s 100% owned Goliath Gold Project in northwestern
Ontario
is slated to become one of
Canada's
next producing gold mines.
View original content:
http://www.prnewswire.com/news-releases/treasury-metals-granted-federal-government-environmental-assessment-approval-for-the-goliath-gold-project-300904075.html
SOURCE
Treasury Metals Inc.
View original content:
http://www.newswire.ca/en/releases/archive/August2019/20/c0253.html
%SEDAR: 00027114E
For further information:
Greg Ferron, CEO, T: 1.416.214.4654, [email protected]; Mark Wheeler, Director, Projects, T: 1.416.214.4654,
CO: Treasury Metals Inc.
CNW 07:30e 20-AUG-19