WRN-T bounced off 2013 lows.
Western Copper and Gold Corp.'s wholly owned subsidiary, Casino Mining Corp. (CMC), has submitted the final Casino project proposal to the Yukon Environmental and Socio-Economic Assessment Board (YESAB) for screening. Knight Piesold Ltd. led the team of top environmental scientists and engineers that prepared the proposal under the direction of Paul West-Sells, president, and Jesse Duke, vice-president, environmental affairs, of Casino Mining Corp. The proposal is the result of over six years of effort and over $18-million of investment. It is anticipated that it will take another $1-million to $2-million to complete permitting. As of Sept. 30, the company had over $26-million in cash and short-term investments and no debt. The company is still on target to be permitted for construction by early 2016.
"Submission of the proposal is an important first step," said Dale Corman, chairman and chief executive officer of Western. "Once the proposal has been declared adequate, which we expect in the next few months, we will shift our focus toward detailed engineering and financing of the Casino project."
Screening of the proposal by YESAB is the first stage in the assessment and permitting of the Casino project. Once the project receives a positive recommendation from YESAB, the company will secure a quartz mining licence and land use permit from the Yukon government and a water use licence from the Yukon Water Board. These licences and permits will allow for the construction and operation of Casino project. |
