BRITISH COLUMBIA — Vancouver-based Terrane Metals has received provincial environmental approval for its Mt. Milligan copper-gold project 150 km northwest of Prince George. Receipt of the certificate marked the end of a six-month review.
President and CEO Robert Pease said, "We are very pleased with the timely approval of our EA certificate. This milestone approval is a testament to our environmentally responsible mine design. We look forward to successfully completing the federal EA process and building British Columbia's next major metal mine."
Mt. Milligan will be a conventional truck-and-shovel open pit with a 60,000 t/d copper flotation concentrator. During the 30-month construction period an average of 370 jobs will be created. The workforce will be approximately 400 will be maintained during commercial production. Average annual production of 265,100 oz of gold and 97 million lb of copper is forecast for the first six years of an initial 15-year mine life.
After receipt of the balance of project approvals and subject to financing, Terrane says construction could commence in Q2 2010 with commercial production in Q4 2012. For details, visit www.TerraneMetals.com.
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