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Premier Gold's Hardrock joint venture secures federal environmental approval

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Premier Gold's Hardrock joint venture secures federal environmental approval

Premier Gold Mines Ltd. secured approval from the federal government for the environmental assessment on its Hardrock gold joint venture in northern Ontario.

The assessment was initiated in 2014 by Greenstone Gold Mines, a 50/50 joint venture between Premier Gold and Centerra Gold Inc., with a draft submitted in February 2016 and a final environmental assessment submitted in July 2017.

Premier Gold said Dec. 17 that the study confirms the Hardrock development is not likely to significantly harm the environment, subject to planned mitigation measures and a follow-up program.

The company expects the provincial ministry's review report on the assessment to be approved in the first quarter of 2019, followed by the submission of construction permit applications.

Premier Gold said the project is making significant progress towards a construction decision, with Greenstone Gold negotiating agreements with local Indigenous communities and results from grade control drilling expected in the first quarter of 2019.

Hardrock is one of the beneficiaries of US$82.7 million in 2018 exploration and development funding announced by Premier Gold in January.