PRINCE GEORGE, B.C. – Things are looking golden for a mining project in northwestern B.C.
The Premier Gold Project in the region is moving ahead after receiving a Mines Act permit.
The Ascot Resources Ltd. project anticipates it could create as many as 140 jobs during construction and approximately 280 jobs during operations.
“This project will be a welcome source of employment for hundreds of people who live in the northwest,” said Bruce Ralston, minister of energy, mines and low carbon innovation, in a statement. “Ascot Resources Ltd. is working with the Nisga’a Nation to bring good-paying jobs to the community and those who live around Stewart.”
With the permit secured, Ascot Resources Ltd. can move forward with full-scale construction. Once built and connected to renewable energy from the BC Hydro hydroelectric power grid, Ascot Resources predicts the mine will be one of B.C.’s lowest carbon-intensive gold mines.
Ascot Resources is preparing to begin underground development at the “Big Missouri” deposit over the next few months with project construction expected to take one year. The mine is expected to be in operation for an initial term of eight years.
“Receiving the Mines Act Permit for PGP is a momentous milestone for Ascot, and the culmination of extensive collaboration and consultation with Nisga’a Nation and the provincial regulators,” said Derek White, president and CEO of Ascot Resources Ltd. “We are grateful that our community-centred approach to responsible mine development and environmental stewardship was a vision shared by all parties involved in the permitting process. We would like to thank our shareholders, Nisga’a Nation and the local towns of Stewart, B.C. and Hyder, Alaska for their support as we progressed through the permitting process and are looking forward to the next chapter as we advance Canada’s next gold mine toward production.”
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