Casino Project Proposal Submitted by Western Copper and Gold to Yukon Environmental and Socio-Economic Assessment Board

Western Copper and Gold Corporation’s (TSX:WRN,NYSEMKT:WRN) wholly owned subsidiary, Casino Mining Corp., has submitted a final Casino Project Proposal to the Yukon Environmental and Socio-Economic Assessment Board for Screening. Once a positive recommendation is granted, a Quartz Mining License and Land Use Permit will be secured from the Yukon Government as well as a Water Use License from the Yukon Water Board.
As quoted in the press release:

The Proposal is the result of over six years of effort and over $18 million of investment. It is anticipated that it will take another $1 million to $2 million to complete permitting. As of September 30, the Company had over $26 million dollars in cash and short term investments and no debt. The Company is still on target to be permitted for construction by early 2016.

Western Copper and Gold Corp. CEO, Dale Corman, said:

Once the Proposal has been declared adequate, which we expect in the next few months, we will shift our focus toward detailed engineering and financing of the Casino Project.

Click here to read the Western Copper and Gold Corporation (TSX:WRN,NYSEMKT:WRN) press release