Probe Gold Commences Environmental Permitting for Novador Project: Files Initial Project Description
2023年11月7日 - 8:30PM
PROBE GOLD INC. (TSX: PRB) (OTCQB: PROBF) (“Probe”
or
the “Company”) is pleased to announce the
official submission of the Initial Project Description for the
Novador project to the Impact Assessment Agency of Canada (IAAC),
the federal body accountable to the Minister of Environment and
Climate Change.
This marks the initiation of the Impact
Assessment ("IA") process, which is required under Canadian law for
the advancement of a mining project towards construction and
production. The IA will assess changes, both negative and positive,
to the environment, health, social, and economic conditions
associated with the Novador project. Throughout this process, the
IAAC will initiate engagement and consultation activities with
Indigenous groups, as well as with various stakeholders, including
host communities, non-governmental organizations, and other
participants.
David Palmer, President and CEO of Probe Gold,
states, “The submission of the Initial Project Description
represents a major milestone for the Novador project, and we are
very pleased to start the clock on the environmental permitting.
Canada's rigorous regulatory framework enables the construction and
operation of mines adhering to the world's most stringent
environmental and social standards and we are proud to be part of
this process. We are now in a position to engage stakeholders for
their input, ensuring that any future operations are in line with
environmental and social expectations. We look forward to working
closely with our stakeholders and government regulators as we
navigate through the environmental permitting process.”
Yves Dessureault, COO of Probe Gold, states,
“The commencement of the environmental permitting process is the
culmination of our team’s diligent work over the past few years.
This preparation included the completion of environmental baseline
studies, which have notably considered the physical environment and
biodiversity around the mine site across various seasons. We have
also engaged in information and consultation activities with
Indigenous groups and local communities to identify key priorities
and have established essential working relationships with the
federal government and community stakeholders.”
At the federal level, the commencement of the
"Planning Phase" is marked by the submission of the Initial Project
Description. During this phase, the IAAC will contact the
Indigenous groups to inform them that a potential project is being
contemplated that may affect their rights or interests, and to
invite them to participate in the planning phase. The IAAC will
also engage and consult the public and other participants on the
Initial Project Description to identify key issues of concern. The
Planning Phase is anticipated to last for 180 days and will
culminate in the formulation of a tailored impact statement
guidelines for Probe Gold project outlining the information and
studies required in the IA.
Probe Gold will work closely with the IAAC
throughout the environmental assessment process to ensure the
responsible execution of the Novador project. Indigenous groups and
other stakeholders will play an important role in the development
of the project, as their collaboration throughout the development
of the project is essential.
About Probe Gold:
Probe Gold Inc. is a leading Canadian gold
exploration company focused on the acquisition, exploration, and
development of highly prospective gold properties. The Company is
well-funded and dedicated to the exploration and development of
high-quality gold projects, notably its 100% owned flagship asset,
the multimillion-ounce Novador Gold Project in Québec. Probe Gold
controls a large land package of approximately
1,600-square-kilometres of exploration ground within some of the
most prolific gold belts in Québec.
On behalf of Probe Gold Inc.,
Dr. David Palmer,
Ph.D.President & Chief Executive Officer
For further information:
Please visit our website at www.probegold.com or contact:
Seema SindwaniVice-President of Investor
Relationsinfo@probegold.com+1.416.777.9467
Forward-Looking Statements
Neither TSX nor its Regulation Services Provider
(as that term is defined in the policies of the TSX) accepts
responsibility for the adequacy or accuracy of this release. This
News Release includes certain "forward-looking statements" which
are not comprised of historical facts. Forward-looking statements
include estimates and statements that describe the Company’s future
plans, objectives or goals, including words to the effect that the
Company or management expects a stated condition or result to
occur. Forward-looking statements may be identified by such terms
as “believes”, “anticipates”, “expects”, “estimates”, “may”,
“could”, “would”, “will”, or “plan”. Since forward-looking
statements are based on assumptions and address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. Although these statements are based on information
currently available to the Company, the Company provides no
assurance that actual results will meet management’s expectations.
Risks, uncertainties, and other factors involved with
forward-looking information could cause actual events, results,
performance, prospects, and opportunities to differ materially from
those expressed or implied by such forward-looking information.
Forward looking information in this news release includes, but is
not limited to, the Company’s objectives, goals or future plans,
statements, exploration results, potential mineralization, the
estimation of mineral resources, exploration and mine development
plans, timing of the commencement of operations and estimates of
market conditions. Factors that could cause actual results to
differ materially from such forward-looking information include,
but are not limited to failure to identify mineral resources,
failure to convert estimated mineral resources to reserves, the
inability to complete a feasibility study which recommends a
production decision, the preliminary nature of metallurgical test
results, delays in obtaining or failures to obtain required
governmental, environmental or other project approvals, political
risks, inability to fulfill the duty to accommodate First Nations
and other indigenous peoples, uncertainties relating to the
availability and costs of financing needed in the future, changes
in equity markets, inflation, changes in exchange rates,
fluctuations in commodity prices, delays in the development of
projects, capital and operating costs varying significantly from
estimates and the other risks involved in the mineral exploration
and development industry, and those risks set out in the Company’s
public documents filed on SEDAR. Although the Company believes that
the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance
should not be placed on such information, which only applies as of
the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The
Company disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
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