AuRico Metals Provides Update on Kemess Underground Environmental Assessment
January 21, 2016
TORONTO, Jan. 20, 2016 /PRNewswire/ - AuRico Metals Inc. (AMI.TO), ("AuRico" or the "Company") is pleased to announce that as of January 11 the British Columbia Environmental Assessment Office ("EAO") approved the Application Information Requirements ("AIR") for the Kemess Underground Project. The AIR specifies the information that must be contained in the Environmental Assessment ("EA") application for an EA Certificate. The BC EAO is managing the environmental assessment in a Substituted Process on behalf of British Columbia and the Canadian Environmental Assessment Agency.
Having finalized the AIR with the EAO, AuRico Metals has completed its Environmental Assessment ("EA") application and has submitted copies of the EA application to the three First Nations who are collectively the Tse Keh Nay. AuRico Metals expects to submit the EA application to the BC EAO within the next six weeks. At that point the application will be subject to a 30 day EAO screening process before entering into the 180 day review period.
Commenting on today's announcement, Chris Richter, President and CEO of AuRico Metals stated, "The receipt of the AIR and completion of the EA application is the culmination of a tremendous effort by the AuRico Metals team and our consultants and I would like to take this opportunity to commend them for their efforts. We view the EA as a significant de-risking catalyst for the Kemess Underground project and we continue to target the fourth quarter of 2016 for the receipt of governmental decisions on the project. Separately, we remain on track to release an updated Kemess Underground feasibility study and Kemess East resource estimate by the end of this quarter."
About AuRico Metals
AuRico Metals is a mining royalty and development company whose producing gold royalty assets include a 1.5% NSR royalty on the Young-Davidson Gold Mine, a 0.25% NSR royalty on the Williams Mine at Hemlo, and a 0.5% NSR royalty on the Eagle River Mine – all located in Ontario, Canada. AuRico Metals also has a 2% NSR royalty on the Fosterville Mine and a 1% NSR royalty on the Stawell Mine, located in Victoria, Australia. Aside from its diversified royalty portfolio, AuRico owns (100%) the advanced Kemess Gold-Copper Project in British Columbia, Canada. AuRico Metals' head office is located in Toronto, Ontario, Canada.