Key permit granted to McEwen’s Gold Bar project in Nevada
Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) scored Tuesday a key win in the permitting process for its Gold Bar project in Nevada, US, as the country’s Environmental Protection Agency (EPA) has published a “notice of availability of the final environmental impact statement” in the Federal Register.
This milestone, the company said, means that the required National Environmental Policy Act process could be completed by November, following a review period.
McEwen's Gold Bar is located in the southern Roberts Mountains within the Battle Mountain-Eureka-Cortez gold trend, about 48km (30 miles) northwest of Eureka, in Eureka County, central Nevada and covers an area of 97 sq km (37 square miles) contained in 1,196 claims.
The property was previously mined from 1987 to 1994 by Atlas Precious Metals Inc., and the permitting process for the current project began in 2012.
Once built, the Gold Bar open-pit mine is expected to generate 65,000 ounces of gold annually over an 8-year mine life, with production beginning in 2019. It is also estimated to generate about 120 permanent jobs.