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West Kirkland Obtains Positive Decision from BLM on Permitting Process for Hasbrouck Mine
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2020) - West Kirkland Mining Inc. (TSX...
About this update from West Vault Mining Inc
[{"type":"text","content":"West Kirkland Obtains Positive Decision from BLM on Permitting Process for Hasbrouck MineVancouver, British Columbia--(Newsfile Corp. - March 5, 2020) - West Kirkland Mining Inc. (TSXV: WKM) (\"West Kirkland\" or \"Company\") announces that the US Bureau of Land Management (\"BLM\") has accepted the Hasbrouck Gold Project's Mine Plan of Operations (\"MPO\") and will commence the analysis of the MPO under an Environmental Assessment (\"EA\"). Public comments on the MPO and the BLM's analysis must be sought before the BLM will make a final decision in accordance with Code of Federal Regulation (\"CFR\") Title 43 3809.411(d).This decision follows a 28-month process involving multiple BLM specialists who analysed the MPO. Construction level drawings, plans, and schedules have been developed for the project as part of the permitting process. The Company's flagship Hasbrouck Gold Project consists of the 75% owned Hasbrouck and Three Hills properties. The first phase of the Hasbrouck Gold Project is the Three Hills Mine which received a federal permit in November 2015. The BLM's decision to analyse the MPO for the second phase Hasbrouck Mine under an EA rather than under the lengthier and more expensive Environmental Impact Statement (\"EIS\") allows West Kirkland to expect that a federal permit for the Hasbrouck Mine may be issued in Q2 2020.The Company is pleased to receive the BLM’s decision to commence the analysis of the Hasbrouck Mine pit and facilities under an EA and anticipates having federal permits for both the first and second phases of the Hasbrouck Gold Project in the near future. A federal (BLM) permit for the Phase 2 Hasbrouck Mine reduces project execution risk as a shovel-ready gold project in the US South-west. In an independent Pre-Feasibility Study completed for the Hasbrouck Gold Project in 2016, a sensitivity analysis at $1,500 gold resulted in an estimated after-tax IRR of 65% and a US$200M NPV(5) (see MDA’s Technical Report dated September 14, 2016, filed at www.sedar.com). About the NEPA and EA ProcessThe BLM's analysis of the Hasbrouck Mine MPO is required under the National Environmental Policy Act (\"NEPA\"). NEPA defines the procedural requirements for all federal governmental agencies to prepare environmental assessments in response to proposed major activities on federal lands. Part of...