Shear Diamonds’ Jericho Mine Handed to Federal Government

CBC News reported that Shear Diamonds Ltd.’s (TSXV:SRM) abandoned Nunavut-based Jericho mine has been placed in the care of the Canadian federal government’s Contaminated Sites Program.

As quoted in the market news:

A June 7 letter to the Nunavut Water Board says the Contaminated Sites Program has taken charge of immediate environmental protection at the site, which includes managing tailings and fuel and hazardous waste.

The goal is to manage ‘risks to persons, property or the environment until such time as the project’s future becomes clearer.’

Shear Diamonds abandoned the Jericho mine last September.

Click here to read the full CBC News report.