TSX:TML
TORONTO, Oct. 21, 2014 /CNW/ - Treasury Metals Inc.
(TSX:TML) ("Treasury") is pleased to announce a major milestone
achievement in the development of Goliath Gold Project located in
Northwestern Ontario. Treasury has
filed its Environmental Impact Statement (EIS) with the Canadian
Environmental Assessment Agency (CEAA).
"The filing of our Environmental Impact Statement with CEAA is a
key aspect in the federal government's Environmental Assessment
process," said Martin Walter,
President and Chief Executive Officer of Treasury Metals. "With the
submission of the EIS, a renewed round of public and Aboriginal
consultation and engagement will be initiated. I would encourage
participation by all interested parties in this rigorous
environmental review."
The development of the EIS was led by Tetra Tech WEI Inc. and
Treasury's engineering team, following CEAA's issuance of the EIS
Guidelines in February 2013 (See
press releases dated December 3,
2012, January 21 and
May 14, 2013 and January 27, 2014). Treasury's filing of the EIS
recommences the legislated period to complete the Environmental
assessment process. The EIS covers all aspects of the Project's
development, operational and closure stages, and addresses all
matters related to socioeconomic and environmental effects, and is
used to avoid, mitigate and reduce environmental impacts.
Goliath Gold Project Vice President Norm
Bush commented: "The Environmental Impact Statement will be
reviewed internally by the federal regulatory agencies for
concordance with the requirements of the EIS guidelines. After this
is completed, CEAA will organize a series of public and Aboriginal
consultation meetings involving the government, Treasury Metals and
the technical consultants who contributed to the EIS. The company
expects these meetings to be completed within the last two months
of 2014. Treasury Metals will continue to be a positive contributor
to the local economy in Dryden,
Wabigoon and the surrounding
areas. Upon commencement of production activities, Treasury will be
a provider of high quality jobs for many years".
Following a Concordance Review by CEAA, the Environmental Impact
Statement document will be available online on the CEAA website and
will allow for public review within the comment period. The
executive summary will be made available on the company's website:
www.treasurymetals.com.
Preparation of the EIS was undertaken by leading engineering and
environmental firms including:
Tetra Tech WEI Inc., the consultant with primary
responsibility for the preparation of the EIS. The Tetra Tech
group has a Permitting and Approvals office in Winnipeg, Manitoba and has vast experience in
environmental permitting and a thorough knowledge of the local
area;
Lycopodium Minerals Canada Ltd. in Toronto, conducted plant alternatives and
infrastructure studies and provided the overall preliminary process
design for the ore processing facilities described in the
EIS. The Lycopodium group has a proven track record in the
design and construction of operating mines of similar scope and
scale;
WSP Canada Inc. provided the preliminary design of the
Tailings Storage Facility (TSF) and conducted an Alternatives
Assessment review of respective facilities. WSP Canada
(formerly Genivar/Cook), based in Thunder
Bay, has notable local experience in both the design and
construction of tailings facilities.
AMEC Environment & Infrastructure of Hamilton, Ontario completed Hydrogeological
investigations and modelling to estimate the effect of the mining
operations on the local ground water flows.
Technical information in this press release has been reviewed
and approved by Mark Wheeler, P.
Eng. who is the Qualified Person for the Goliath Gold Project under
the definitions established by National Instrument
43-101.
To learn more about Treasury Metals, please visit the Company's
website at www.treasurymetals.com.
Follow us on Twitter @TreasuryMetals
Forward-looking Statements
This release includes
certain statements that may be deemed to be "forward-looking
statements". All statements in this release, other than
statements of historical facts, that address events or developments
that management of the Company expect, are forward-looking
statements. Actual results or developments may differ materially
from those in forward-looking statements. Treasury Metals
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, save and except as may be required by
applicable securities laws.
SOURCE Treasury Metals Inc.