Gold Mountain receives draft mining permit for Elk gold project
(Kitco News) - Gold Mountain Mining (TSX.V:GMTN), an exploration and development company focused on past-producing Elk gold mine in BC, announced today that the Ministry of Energy, Mines & Low Carbon Innovation Communications Office ("EMLI") has released the company's draft Mine Permit for review.
The company explained that a draft Mine Permit is provided to applicants in advance of issuing a final permit in order to provide the opportunity to comment on any permit terms and conditions.
The draft Mine Permit contained conditions relating to monitoring, operating, reporting and inspection requirements during the construction and operation of the mine. The document also details the reclamation and closure plan, short-term and long-term water management plan and the financial assurance conditions, including amounts required to begin operations at the Elk gold mine.
The company said that all conditions fell in line with its expectations and anticipates providing feedback to EMLI and finalizing permit language in mid-June. Once the permit language is agreed to, the final Mine Permit is submitted to the EMLI Statutory Decision Maker for final approval. The final Mine Permit confirms EMLI's approval of the Company's Mine Plan and Reclamation Plan for work at the Elk gold mine.
CEO and Director Kevin Smith added, "This is an exciting development for all of our long-term supporters and we look forward to delivering on our commitment of building BC's next high grade gold and silver producer."Gold Mountain is a British Columbia based gold and silver exploration and development company focused on resource expansion at the Elk gold project, a past-producing mine located 57 km from Merritt in South Central British Columbia