Gold loses some luster after Trump’s decisive win
Gold’s slide is a marked turnaround for a commodity that had surged by more than 30% in the year leading up to the US vote.
West Vault Mining (TSXV: WVM) announced that it has conquered the final major permitting step to allow construction of its Hasbrouck mine in Nevada.
In a press release, the Canadian miner said that it has received, from the Bureau of Land Management, a Decision Record and Finding of No Significant Impact based on the analysis in the environmental assessment for Hasbrouck. This means that the company has completed all requirements under the National Environmental Policy Act and EA process.
The Hasbrouck mine is planned as phase two of the Hasbrouck gold project, one of the few shovel-ready in the US south-west
The Hasbrouck mine is planned as phase two of the Hasbrouck gold project, with phase one being the fully permitted Three Hills mine, located one mile west of the town of Tonopah.
“We are very pleased to have completed federal permitting at the Hasbrouck mine. The completion of construction level permits for both phases of the 100%-owned Hasbrouck gold project is a significant value addition to the property,” Peter Palmedo, chairman of West Vault, said in the media statement.
According to Palmedo, the completion of BLM federal permitting for the phase-two Hasbrouck mine reduces overall project execution risk considerably.
The Hasbrouck gold project is one of only a few shovel-ready gold projects in the US south-west. It hosts an estimated 762,000 ounces of proven and probable gold reserves and 10,569,000 ounces of proven and probable silver reserves.
