Terrane Metals Filed Notice of Project Assessment
By 250 News
Tuesday, June 10, 2008 03:53 AM
Prince George, B.C. – Terrane Metals has now filed their Canadian Environmental Assessment Agency (CEAA) "Notice of Project Assessment" for Mount Milligan.
Prince George North M.L.A, Pat Bell states “this is a significant step forward in the development of this mine (located about 100 km's from Mackenzie) which will create approximately 400 jobs as an operation. These workers will live in Mackenzie and Fort St James, as opposed to camp jobs. Construction will also generate 600 to 800 immediate jobs for two years.”
The process is expected to start July 2008 with hopes of construction starting in 2009.
The next step for Terrane Metals will be to file an application initiating the statutory review period and process with both the British Columbia Environmental Assessment Office and CEAA.
Mt. Milligan is the copper-gold deposit 155 km northwest of Prince George. Terrane Metals purchased the project in 2006 after the previous owner, Placer Dome Inc., was acquired by Barrick Gold Corporation.
The Project is based on a conventional truck-shovel open pit mine and 60,000 tonnes per day (t/d) copper flotation concentrator to be built over a 30-month period at a capital cost of $917 million. Commercial production is scheduled to commence 2012.
Since July 2006 Terrane Metals has conducted a 60 hole – 18,507 metre drilling program to acquire representative fresh material for metallurgical test work, expand the resource in the DWBX and Southern Star zones, and collect geotechnical information across the MBX, 66, and Southern Star zones.
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