TSX: TML
OTCQX: TSRMF
TORONTO, Aug. 20, 2019 /PRNewswire/ - Treasury Metals
Inc. (TSX: TML, the "Company" or "Treasury Metals") is
pleased to announce that on August 19,
2019 the Canadian Environmental Assessment Agency ("CEAA")
issued a positive statement for Treasury Metals' Goliath Gold
Project (the "Project").
The Honorable Catherine McKenna, Minister of Environment and
Climate Change, announced in her decision that the proposed Goliath
Gold Project may proceed.
The Project, as proposed by Treasury, consists of the
construction, operation, decommissioning, and remediation of an
open-pit and underground gold mine and associated infrastructure
located 20 kilometres east of the City of
Dryden, Ontario. The proposed Project could create up
to 450 jobs during construction and 250 jobs during operations over
the life of the project. The Company continues to complete
requirements for final authorizations and permits.
To view the news release issued August
19, 2019 by CEAA, click here:
https://ceaa-acee.gc.ca/050/evaluations/document/132191?culture=en-CA
"The Minister's approval of the EA is a significant de-risking
milestone for the Goliath Gold Project and our shareholders. The
Company has made major commitments and efforts to advance the
Project, and we would like to thank the local communities, the
representatives of the local Indigenous communities, the public,
and the various government agencies for their work and
participation throughout the EA. We look forward to the continued
advancement of the Project," said Greg
Ferron, Treasury Metals Inc.'s Chief Executive Officer.
The decision was made following a thorough and science-based
environmental assessment process with input received from
Indigenous groups, the public, and federal departments including
Fisheries and Oceans Canada, Environment and Climate Change Canada,
Health Canada, and Natural Resources Canada and various agencies
across all provincial ministries. The report concluded that
the project is not likely to cause significant adverse
environmental effects when mitigation measures are taken into
account. The federal minister's decision states that Treasury
Metals Inc. can now proceed with obtaining final permits and
authorizations required to begin construction.
Mark Wheeler, Project Director,
stated, "The project team worked closely across multiple government
ministries since 2014 alongside Indigenous communities and local
public stakeholders. The EA approval allows us to devote full focus
on the remaining technical studies and permitting, and to prepare
for a future construction decision."
Treasury continues work on de-risking and optimizing the Goliath
Gold Project through 2019, making significant progress on advanced
engineering studies, community engagement, and construction permits
applications, and ultimately, towards a construction decision.
To view further details about the Goliath Gold Project please
visit the Company's website at www.treasurymetals.com.
Follow us on Twitter @TreasuryMetals
About Treasury Metals Inc.:
Treasury Metals Inc. is a gold focused exploration and
development company with assets in Canada and is listed on the Toronto Stock
Exchange ("TSX") under the symbol "TML" and on the OTCQX® Best
Market under the symbol TSRMF. Treasury Metals Inc.'s 100% owned
Goliath Gold Project in northwestern Ontario is slated to become one of
Canada's next producing gold
mines.
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content:http://www.prnewswire.com/news-releases/treasury-metals-granted-federal-government-environmental-assessment-approval-for-the-goliath-gold-project-300904075.html
SOURCE Treasury Metals Inc.
