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Atlantic Gold kicks off environmental process at Beaver Dam

Atlantic Gold (CVE:AGB) has kicked off the environmental approval process for its Beaver Dam Mine project in Nova Scotia...

The firm is a gold company focused in Nova Scotia..

Atlantic Gold  (CVE:AGB) has kicked off the environmental approval process for its Beaver Dam Mine project in Nova Scotia.

Beaver Dam is one of two deposits within the flagship project -  the Moose River Consolidated project (MRC project).

There the firm contemplates, subject to financing, mining the Touquoy deposit for around five years, followed by Beaver Dam for three to four years thereafter.

The environmental process is expected to take 12-18 months and will not interfere with the planned construction timelines, subject to financing, for the MRC project.

This EA Process is also not expected to affect progress in securing project financing for the MRC project in the near term.

Steven Dean, Atlantic's chairman and chief executive, said: "The company has already completed a baseline work program, the results of which have indicated no significant environmental issues, nor the presence of navigable waters.

"These results, along with the fact that there will be no processing at Beaver Dam other than crushing of ore for transportation to Touquoy, lead the company to believe that the EA Process will be straight forward and shareholders should expect a positive outcome well in advance of proposed operations at Beaver Dam."

Quick facts: Atlantic Gold

Price: - CAD

Market: TSX-V
Market Cap: -

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