Chieftain Able to Proceed with Tulsequah Chief Project

Chieftain Metals Corp. (TSXV:CFB) announced that BC’s minister of environment has determined that its Tulsequah Chief project has been “substantially started.” That means the project’s environmental assessment certificate will remain in effect for the project’s life; it also allows the company to start building the mine.

Victor Wyprysky, president and CEO of Chieftain, commented:

We are pleased with Minister Polak’s decision. The project has had well over $100 million spent on advancing it and this is a most welcome decision to the people of Atlin who have demonstrated widespread support for the project in recognition of the major economic and social benefits which will accrue to the entire community with the mine development. A feasibility study completed in late 2014 has robust economics with significantly lowered capex. We are now finalizing project financing with partners with a plan to begin the next phase of construction, which will allow the company to develop one of the highest grade, lowest cost, zinc-rich projects permitted for construction. The development schedule is expected to meet the looming global zinc supply deficit due to growing demand and numerous mines closing as they run out of ore.

Click here to read the full Chieftain Metals Corp. (TSXV:CFB) press release.