Tag Archives: EIS

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Midway Completes Gold Rock Plan of Operations, White Pine County, Nevada

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By Business Wirevia The Motley Fool

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Midway Completes Gold Rock Plan of Operations, White Pine County, Nevada

DENVER–(BUSINESS WIRE)– Midway Gold Corp. (“Midway”) announces completion and filing of a Plan of Operations (PoO) for the Company’s second project, Gold Rock. The PoO for Gold Rock, submitted to the Bureau of Land Management (BLM) on March 21st, 2013, has been accepted as complete, and officially begins the project’s Environmental Impact Statement (EIS) process. Gold Rock is scheduled to be the Company’s second operating gold mine and is currently targeted for production in 2016.

Ken Brunk, Midway’s President & CEO, stated, “We are moving forward at Midway. We are building a mining company. Initiating the permit process at Gold Rock is part of our strategy of developing a pipeline of projects leading to future production. We want to leverage the experience gained from permitting the Pan project along with the relationship we’ve developed with the Ely BLM office. Our first priority remains getting our Pan project into production near term. We are positioning Gold Rock to be our next mine after Pan.”

Gold Rock Project – Nevada

Gold Rock, 8 km southeast of Midway’s Pan project, appears to contain similar host rocks and styles of gold mineralization. The Gold Rock project is a Carlin-style gold deposit and the resource is open in all directions. Drill results from 2012-13 drilling will be incorporated into a new resource update later this year. There is considerable expansion potential with numerous exploration targets along a 12 km, favorably mineralized trend.

The Company expects the Gold Rock Mine will be similar to the planned operations at Pan. The Pan project is currently in an advanced stage of permitting and a Record of Decision from the BLM is expected in the fourth quarter of 2013. Pan will be a shallow open pit, heap leach mine in White Pine County, Nevada. Once in operation, Pan is projected to employ about 150 workers. The Pan project, scheduled to be the Company’s first operating mine, is targeted for production in mid-2014. Pan’s draft EIS was published by the BLM on March 22nd is currently in a 45-day public comment period.

Stock Options Granted – On March 11th, 2013, the board granted non-qualified and incentive stock options on a total of 2,545,000 shares of Midway’s common stock to directors, employees and consultants pursuant to Midway’s shareholder-approved combined incentive and non-qualified stock option plan. The options are exercisable for up to five years at a price of …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Midway Receives a Key Permit for Pan Gold Project, White Pine County, Nevada

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By Business Wirevia The Motley Fool

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Midway Receives a Key Permit for Pan Gold Project, White Pine County, Nevada

DENVER–(BUSINESS WIRE)– Midway Gold Corp. (“Midway”) announces receipt of a key permit required for production at its Pan Gold Project in Nevada. A Water Pollution Control Permit has been received from the State of Nevada. This announcement closely follows publication of the Draft Environmental Impact Statement (DEIS). The Pan project is on track to start construction in late 2013 with production targeted for mid-2014.

“We are delighted to reach two major permitting milestones in the last week,” said Ken Brunk, Midway’s President & CEO. “This is a credit to a great team of people and our cooperative, professional relationship with the agencies involved. It is outstanding that we are starting our EIS comment period for Pan with one of our most important permits in hand.”

Midway received the Water Pollution Control Permit, which authorizes the construction, operation and closure of approved mining facilities in White Pine County. The Nevada Division of Environmental Protection determined that the proposed operation will not degrade the waters of the state and that public safety and health will be protected. There are no surface waters in the project area and the proposed pit does not reach the groundwater table.

The other major milestone was the completion and publication of the Draft EIS by the BLM. It is now available for public review. A comment period, required under the National Environmental Policy act (NEPA), will be open until May 6th. More information on this process and how to comment can be found in Midway’s press release dated, March 22nd, 2013.

Pan Gold Project, Nevada – The Pan Project represents nearly a US$100 million capital investment in a part of Nevada that welcomes new investment and associated economic opportunities (see Feasibility Study dated December 19, 2011). Once in operation, the Pan mine is projected to provide 150 workers with stable, high-paying jobs. In addition to direct employment, Midway expects the mine will have a multiplier effect by creating support jobs in surrounding communities.

Geologically, the Pan project is an oxidized, Carlin-style gold deposit mineable by shallow open pit methods and treatable by heap leaching. A Feasibility Study was completed in November 2011. It shows the NPV5% of the project is robust at a range of gold prices, ranging from $123 million at $1,200/oz gold to $344M at $1,900/oz gold. The IRR grows from 32% to 79% using the same gold price range. Both are after-tax figures (see press …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Draft Environmental Impact Statement Available for Midway's Pan Gold Project, White Pine County, Nev

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By Business Wirevia The Motley Fool

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Draft Environmental Impact Statement Available for Midway’s Pan Gold Project,

White Pine County, Nevada

DENVER–(BUSINESS WIRE)– Midway Gold Corp. (“Midway” or the “Company”) announces that the Draft Environmental Impact Statement (DEIS) for the Pan Project is available for public comment as published by the U.S. Bureau of Land Management (BLM) in the federal register. The DEIS provides an analysis of environmental, social and economic impacts of the proposed mine plan and possible alternatives. The public is invited to submit comments on the Pan Project during a 45-day comment period ending May 6, 2013. The BLM will then address these comments prior to approving the Final EIS and to awarding a Record of Decision.

“Completion of the Draft EIS marks a significant milestone in our efforts toward making the Pan Mine a reality,” said Ken Brunk, Midway’s President & CEO. “We have come a long way toward bringing the Pan Project into production and we look forward to achieving the remaining milestones on the road to our final permits. We invite you to support Pan’s progress by submitting your comments and we look forward to reading them.”

What is NEPA?

The Environmental Impact Statement (EIS) for our Pan Project is required under the National Environmental Policy Act (NEPA). According to “A Citizen’s Guide to NEPA,” the federal government‘s official handbook states:

“The environmental review process under NEPA provides an opportunity for you to be involved in the Federal agency decision making process … NEPA requires Federal agencies to consider environmental effects that include, among others, impacts on social, cultural, and economic resources, as well as natural resources. Citizens often have valuable information about places and resources that they value and the potential environmental, social, and economic effects that proposed federal actions may have on those places and resources. NEPA‘s requirements provide you the means to work with the agencies so they can take your information into account.”

What is an EIS?

The Pan project is on federal land and NEPA requires the Bureau of Land Management (BLM) to analyze potential environmental consequences of the planned project and any reasonable alternatives. An EIS is the analysis of how the proposed project, and possible alternatives, will impact the environment. It proposes mitigation measures for …read more
Source: FULL ARTICLE at DailyFinance