Company optimistic as Yukon gold mine pushed to next review stage

WHITEHORSE – Vancouver-based Western Copper and Gold is pleased officials in Yukon have decided to send a proposed copper and gold mine to a higher review.

The Yukon Environmental and Socio-Economic Assessment Board says the Casino project, 300 kilometres northwest of Whitehorse, will undergo a panel review to consider tailings and waste management issues and any effects on wildlife.

Western Copper and Gold (TSX:WRN) says the review allows for more public input and responses from federal, territorial and First Nation governments.

Company officials also say the process will help it show the gold, silver, copper and molybdenum mine can be built without significant environmental effects.

According to the company, a 2013 feasibility study shows favourable economics for the mine, even at today’s low commodity prices.

The Casino mine would process about 120,000 tonnes of ore daily, create hundreds of jobs, and pump nearly $10-billion into the Canadian economy over its estimated 22-year life span. (CKRW)