i-80 Gold Corp. (IAU)

[NYBob]

Premier Announces Federal Government Approval of the Hardrock Project
Environmental Assessment
December 17th, 2018

https://www.premiergoldmines.com/news/press-releases/premier-announces-federal-government-approval-of-the-hardrock-project-environmental-assessment

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Premier Gold Mines Limited (“Premier”) (TSX: PG) is pleased to announce
that the Environmental Assessment (“EA”) for
the Hardrock Project (the “Project”) was
approved on December 13, 2018 by the Honourable Catherine McKenna,
Minister of Environment and Climate Change.
The multi-million ounce gold mining project, as proposed
by Greenstone Gold Mines, consists of the construction, operation,
decommissioning, and abandonment of an open pit and onsite metal mill
located near Geraldton, in northern Ontario (see Minister’s Decision
Statement).

The decision follows a thorough and science-based environmental
assessment conducted by the Canadian Environmental Assessment Agency
with the participation of Indigenous groups, the public, and federal
departments including Fisheries and Oceans Canada, Environment and
Climate Change Canada, Health Canada, and Natural Resources Canada.

Participating provincial ministries included the Ministry of the
Environment, Conservation and Parks, the Ministry of Natural Resources
and Forestry, and the Ministry of Energy,
Northern Development and Mines.

“The Ministers’ approval of the EA is a significant milestone for the
Hardrock Project.
Our engagement with representatives of the local Indigenous
communities, local communities and the various government agencies has
been very positive throughout the process and we look forward to
continued advancement of the Project”, stated John Begeman, Executive
Chairman of Premier.

Greenstone Gold Mines (GGM), a 50/50 joint venture between
Premier Gold Mines Limited and Centerra Gold Inc,
has worked closely with Federal and Provincial authorities since
initiating the EA in 2014.
Following the collection of baseline environmental data,
GGM submitted a draft EA in February 2016 and
the final EA in July 2017.
Much of the technical work and consultation carried out prior to the
submission of the final EA helped to facilitate the timely approval of
the federal EA, which confirms that the Project is not likely to cause
significant adverse environmental effects considering the
implementation of key mitigation measures and follow-up program
measures.

The Provincial Ministry EA Review Report was issued for public comment
on October 22, 2018 and approval is anticipated in Q1 2019.
Work on construction permit applications are well advanced and will be
submitted for review once the federal EA and provincial EA’s are
approved.

GGM continues work on de-risking and optimizing
the Hardrock Project through 2018, making significant progress in
moving the Project towards a Construction Decision.A Definitive
Agreement with Long Lake #58 First Nation earlier in 2018 was signed
and GGM is currently negotiating agreements with the other local
Indigenous communities.
A grade control drill program was completed on the project to better
understand mineralization of the top three benches of
the mine with the results expected in
the Q1 2019.GGM has also engaged financial advisors to begin the
process of identifying the various financing options that may be
available for the Hardrock Project.

Premier Gold Mines Limited is a gold producer and respected exploration
and development company with a high-quality pipeline of precious metal
projects in proven, accessible and safe mining jurisdictions in Canada,
the United States, and Mexico.

For further information, please contact:

Ewan Downie,
President & CEO
Phone: [phone]
e-mail: [e-mail]
Web Site: http://www.premiergoldmines.com

https://www.premiergoldmines.com/news/press-releases/premier-announces-federal-government-approval-of-the-hardrock-project-environmental-assessment

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