Western Copper and Gold Corporation (TSX:WRN,NYSE MKT:WRN) and Casino Mining Corp have announced that the Yukon Environmental and Socioeconomic Assessment Board (YESAB) has resumed its environmental review of Western Copper’s Casino project. YESAB will provide recommendations to licensing agencies regarding whether the project should proceed or whether Casino required a review before making a recommendation.
As quoted in the press release:
The review process was put on hold at CMC’s request as part of a Settlement Agreement (the “Agreement”) with Little Salmon/Carmacks First Nation (“LSCFN”). CMC and LSCFN have completed the consultation program outlined in the Agreement and have entered into further agreements to continue consultation throughout the YESAB assessment process.
Also in accordance with the Agreement, LSCFN has informed CMC that it has withdrawn the Petition it had filed with the Yukon Supreme Court seeking judicial review of YESAB’s decision that consultation with LSCFN, prior to CMC filing its Project Proposal, was adequate.
Western Copper and Gold president and CEO, Paul West-Sells, said:
We are pleased about the restart of the YESAB review. This hold period has allowed us to further consult and develop our relationship with directly affected First Nations. This period has also given us time to develop a comprehensive reply to questions raised during the first part of the YESAB review.