Business
Spanish Mountain Gold Provides Update on Environmental Assessment & Project Optimization
Vancouver, British Columbia--(Newsfile Corp. - June 10, 2022) - Spanish Mountain Gold Ltd. (...
About this update from Spanish Mountain Gold Ltd.
[{"type":"text","content":"Spanish Mountain Gold Provides Update on Environmental Assessment & Project OptimizationVancouver, British Columbia--(Newsfile Corp. - June 10, 2022) - Spanish Mountain Gold Ltd. (TSXV: SPA) (the \"Company\") is pleased to report progress achieved on a number of value-added initiatives for the Spanish Mountain Gold Project (the \"Project\") located in British Columbia, Canada. As previously announced, the Company prioritizes its resources on advancing the Project's environmental assessment/ permitting process and further optimizing several key project areas. The work programs underway build on the successful completion of the Pre-feasibility study (PFS filed in June 2021) in which a multi-million ounce Mineral Reserve has been delineated along with robust economics and a 14-year mine plan.Environmental AssessmentThe Company continues to execute its stated strategy of fast-tracking its multi-million ounce Resource through the process for environmental assessment/ permitting. The formal regulatory process began in March 2022 with the submission of the Project's Initial Project Description and timely acceptance of the same by the provincial and federal agencies within 30 days. On an ongoing basis, senior management meets regularly with the agencies as well as the representatives from the First Nations and surrounding communities to keep all stakeholders informed. The Company strongly believes that support from the First Nations and surrounding communities are critical for the success of the Project and has been diligently building a robust working relationship for over a decade. Over the past six months, the Company has signed Engagement Agreements or commenced negotiation of Life-of-mine Relationship Agreements with all three First Nations whose traditional territories include the project area. The Company initiated in-person meetings with local stakeholders on June 2, 2022, with two open house information sessions in the town of Likely, BC, which is approximately 6 kilometres from the proposed mine. The event, which was well attended by more than 50 community members, provided management with an opportunity to present information about the Project as well as to receive feedback from the attendees. The Company is grateful for the participation and support from the community members and will work hard to keep them informed of the p...