GOLD-COPPER: Taseko gets permit for New Prosperity work

[caption id="attachment_1003719249" align="aligncenter" width="622"] The site of what Taseko hopes will become the New Prosperity mine. (Credit: Taseko Mines)[/caption] BRITISH COLUMBIA – Provincial regulators have given Taseko Mines of Vancouver a notice of work for the New Prosperity gold-copper project 125 km southwest of Williams Lake. The permit allows Taseko to gather information for the purpose of advancing mine permitting over several years. The New Prosperity project has run into stiff opposition from the local indigenous communities and environmentalists. The project was rejected as first proposed, and the design has been adjusted several times to meet concerns, but the opposition remains. Taseko says the mine would employ approximately 600 people and spend about $1 million per day on goods, services and labour. “This combination of employment and spending means New Prosperity will create $12.7 billion of provincial GDP and increase provincial revenues by over $4 billion and federal revenues by over $2 billion during its life,"  said president and CEO Russell Haulbauer. “I believe the magnitude of New Prosperity's benefits are such that it will be developed into a world-class mine with the highest environmental and safety standards, similar to  our nearby Gibraltar mine.” The New Prosperity deposit contains 5.3 billion lb. of copper and 13.3 million oz. of gold in 1.01 billion tonnes of measured and indicated resources. The average grade is 0.24% copper and 0.41 g/t gold. For further information, visit www.TasekoMines.com.