The Conversation (0)
Nevada Copper Corp.(TSX:NCU) announced the submission of mine development and operating permit applications for its Pumpkin Hollow project to the State of Nevada. All going well, the permits should be issued by Q1, 2013. Nevada Copper also announced drill results and expects an updated resource estimate in early August.
As quoted in the press release:
The permit applications are reviewed, and permits granted, by the Nevada Division of Environmental Protection (“NDEP”) Bureau of Mining Regulation and Reclamation (“BMRR”). Nevada state regulations provide for a six month period to review and approve mine permit applications, which imply that these permits for both the PLUM and Integrated Operations would be issued in Q1-2013.
Nevada Copper, President and CEO, Giulio T.Bonifacio, commented:
By permitting both the Integrated Operation and the PLUM case, we can significantly decrease the permitting and financial risks to the project by providing alternative development scenarios. We have evaluated both development options and believe either option economically robust however, the ultimate development scenario will be subject to several factors going forward including the pending conveyance of federal lands to the City of Yerington, completion of project financing arrangements and receipt of required permits.
Click here to read the Nevada Copper Corp. (TSX:NCU) press release