Really good news nowThe copper mine starting up @ Princeton B.C. (CUM) Transformed that community into a going concern, with the locals very much supporting the project.
Same here with NCU and the progress is excellent.
NR Last hour.
This is a critical project for Lyon County and Yerington. County ManagerJeff Page said "Lyon County has one of the highest unemployment rates in the country at 19%, we know that Pumpkin Hollow can have a major impact on contributing to Lyon County economy for years to come. We know that mining in Elko, Eureka, White Pine and other rural Nevada counties is one of the few bright spots in these dismal economic times. Right now, White Pine County, with one copper mine has 8% unemployment, about half of the unemployment rate in Lyon County. We are pleased to hear that the State permits have been granted. And we are prepared to work with Nevada Copper to implement transportation, safety and emergency plans and to start review on their next phase of permitting."
MayorDoug Homestead of Yerington stated that "we are very pleased that this project is moving forward. Though we understand that Advanced Exploration is not mining yet, it is a significant construction project that can bring a number of jobs to Yerington and Lyon County. We also understand that it will also help expedite production." The City of Yerington previously agreed to supply 2,000 acre-feet of water to Nevada Copper as a water customer.
Dyhr also said "that we are also taking a very hard look at opportunities to have mining at Pumpkin Hollow spark other economic development in and around Yerington, both during operations and at the end of mining. With advanced planning and preparation, we can tier off of the significant transportation, electrical power, water supply and other infrastructure that will be built as part of the mine to support other economic activities." As part of Advanced Exploration, Nevada Copper must post a bond of approximately $500,000 to guarantee reclamation for the Advanced Exploration program. That bond will be adjusted once detailed plans for mining are completed.