Tuesday, April 1, 2008

Favorable Report for Milligan

Terrane Metals announced on Monday that the final feasibility study for its Mount Milligan project near Mackenzie favours it as economically and environmentally sound.
Terrane still must conclude negotiations with local first nations and obtain environmental approvals from the federal and provincial governments.
It will also need financing.

Pending those approvals, the mine could be in commercial production by early 2012, Terrane president and CEO Rob Pease said in an interview.
So much for "next spring"??
--excerpt from Vancouver Sun

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