Mines Management reaches milestone at Montanore

It’s taken more than a decade, but Mines Management (TSX: MGT; NYSE: MGN) believes it is finally on the brink of pushing its Montanore project in northwestern Montana past the permitting finishing line.

The United States Forest Service recently completed and issued the final environmental impact statement for the silver-copper deposit, and the agency is issuing a draft record of decision signaling its intent to authorize the project, Mines Management says.

With the publication of the final EIS and draft ROD, the project now enters the final phase of authorization involving approval from the federal government, which the company’s president, Douglas Dobbs, estimates could take between 150 and 180 days, or until the third or fourth quarter of this year. 

“There are never any guarantees in the mining industry, so I can’t say it’s a certainty, but the Forest Service is saying there’s tentative approval pending the final record of decision, so it’s a very exciting time for the company,” Dobbs elaborates in an interview. 

Read the complete article at NorthernMiner.com/news/mines-management