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Feds Greenlight Ontario Gold Mine

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Treasury Metals' Goliath Gold Project was given the go ahead by Canada's environment ministry, the company announced yesterday.

The Canadian Environmental Assessment Agency gave the positive assessment. Catherine McKenna, Minister of Environment and Climate Change, announced that Goliath Gold Project may proceed.

The company said it is now completing requirements for final authorizations and permits.

TThe project, 20 km east of Dryden in northwestern Ontario, will be an open-pit gold mine with a 2,500 tonnes-per-day processing facility. The company expects the mine to cost $133 million to build. Treasury Metals says the proposed mine could create up to 450 jobs during construction and 250 jobs during operations over the life of the project.

"The project team worked closely across multiple government ministries since 2014 alongside Indigenous communities and local public stakeholders," said Treasury Metals in a news release.

"The EA approval allows us to devote full focus on the remaining technical studies and permitting, and to prepare for a future construction decision."

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