MGX Minerals Provides Update on Mining Lease and Permitting for Driftwood Creek

MGX Minerals Inc. (CSE:XMG) reported that the mining lease applied for in January 2015 is now in the final stage of the approval process, with the application completed except the formal survey. The final submission to the Surveyor General regarding the survey portion of the lease is underway and is expected to be completed shortly, and upon final submission of the survey and construction of physical monuments, a decision from the Ministry of Energy and Mines regarding a Mining Lease is expected forthwith.
As quoted in the press release:

On July 15th, 2015 MGX’s Senior Project Engineer held extensive discussions with the Regional Manager of Mines at Cranbrook, BC for the purpose of finalizing the path to obtaining a Mine Permit at Driftwood Creek. As a result of this meeting the following steps have been determined:
1. A project description will be provided to all relevant and affected branches of government and First Nations outlining the project, impact and, in particular, benefits of the project to the local community, First Nations and, generally, the Province of British Columbia.
2. Two weeks after submission of the project description a meeting will be held with all affected branches of government and First Nations for presentation and discussion of the project. This meeting is expected to involve approximately 50 people, including a diverse group of experts, attending directly and via video conference. The attendees shall represent the affected government branches and First Nations as well as MGX’s senior management and technical consultants.
3. Based on the project proposal and meeting a review of deficiencies, changes and additions will occur including determination of any additional environmental assessment requirements.
4. Filing of the formal mine application which will include the above mentioned project description as well as all necessary technical and environmental information, plans, and data.
5. Relevant operating permits shall include:
Mines Permit
Discharge Permit
Air Permit
Waste Disposal Permit
Explosives Permit
Fuel Storage Permit
Road Use Permit
License to Cut
The Company currently has multiple studies, technical and engineering initiatives, and economic analyses underway in preparation for the Mine Application. MGX aims to provide the above mentioned project description to affected branches of government and First Nations in September of 2015 and proceed with a formal Mine Permit application shortly thereafter.

MGX Minerals CEO, Jared Lazerson, said:

We are pleased by the ongoing direction and support provided by the Ministry of Energy and Mines as we advance Driftwood Creek. We look forward to working with and obtaining detailed input from all affected branches of government, First Nations, and the local communities. We believe, in time, that this project and its value added components will change the economic landscape of the East Kootenay Region and provide substantial long term benefit to many individuals, families, First Nations, local and provincial government and more generally to the working men and woman of the East Kootenay Region that face economic uncertainty and limited long term opportunity due to a lack of local industrial and resource based job opportunities.

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