The Conversation (0)
Jun. 25, 2013 11:25AM PST
Nevada Copper Corp. (TSX:NCU) obtained its Special Use Permit from Lyon County on June 11, 2013. The Company also reported an update on the permits and Lyon County Economic Development and Conservation Act (Land Bill) for its Pumpkin Hollow property in Nevada.
As quoted in the press release:
Status of State and Local Permits
On June 20, 2013, the Lyon County Commission unanimously approved the County Special Use Permit for the Stage 1 underground project, also referred to as the Private Land Underground Mine (“PLUM”). This was following a unanimous, 7-0 vote, by the Lyon County Planning Commission on June 11, 2013 recommending approval.
Land Bill
The Senate Committee on Energy and Natural Resources passed the Lyon County Economic Development and Conservation Act (S. 159 or “Land Bill”) on June 18, 2013. It passed amongst 11 other bills that were voted on “en bloc” that were designated as non-controversial with no objections or debate.
The Land Bill would convey approximately 10,400 acres of land to the City of Yerington, placing the entire Pumpkin Hollow project under local and Nevada state oversight. Combined with Nevada Copper’s 1,500 acres of private land, the bill would provide approximately 11,900 acres total for mine development; power, water and road infrastructure that in turn would provide the City with lands for ancillary commercial and industrial development; and, it would facilitate development of a nationally marketable recreational complex envisioned by the City and Lyon County.
Nevada Copper Corp. President and CEO, Giulio Bonifacio, said:
We are extremely pleased with the nature in which we continue to advance the project with significant developments on the state permitting front which will allow us to commence construction and achieve commercial production in 2015 of our Stage 1 underground operation. We are also very pleased with the developments on the Land Bill which will allow us to then move forward with a much larger Stage 2 open pit operation.
Click here to read the Nevada Copper Corp. (TSX:NCU) press release