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Western Copper and Gold Corp T.WRN

Alternate Symbol(s):  WRN

Western Copper and Gold Corporation is a Canada-based mining company. The Company is engaged in developing the Casino Project. The Casino Project is a copper-gold mining project in Yukon, Canada. The Casino porphyry copper-gold-molybdenum deposit is located in west central Yukon, in the northwest trending Dawson Range mountains, approximately 300 kilometers (km) northwest of the territorial capital of Whitehorse. The Casino project is located on Crown land administered by the Yukon Government and is within the Selkirk First Nation traditional territory and the Tr’ondek Hwechin traditional territory lies to the north. The Casino Property lies within the Whitehorse Mining District and consists of approximately 1,136 full and partial Quartz Claims and 55 Placer Claims acquired in accordance with the Yukon Quartz Mining Act. The total area covered by Casino Quartz Claims is approximately 21,126.02 hectares (ha). The total area covered by Casino Placer Claims is 490.34 ha.


TSX:WRN - Post by User

Post by prospector7on Apr 14, 2009 1:49pm
242 Views
Post# 15916797

WRN COPPER MINE APPROVED

WRN COPPER MINE APPROVED

The Canadian Press

WHITEHORSE, Yukon — A controversial copper mine proposed by Western Copper Corp. has been approved in Carmacks, Yukon.

The Yukon Environmental and Socioeconomic Board gave its nod to the project with 148 recommendations to mitigate environmental and social impacts.

Among them is that at least $21-million be posted as security to ensure adequate financing to close and reclaim the mine site.

The board also recommends that accommodation for single and transient workers employed by Western Copper during the estimated eight-year life of the mine be located at the site instead of in Carmacks.

The aim is to minimize social impacts on the community of 450 people.

Steven Mills, a member of the board's executive committee, says the terms and conditions within a report to be issued to the territorial and federal governments will mitigate or eliminate the potentially adverse effects of the project.

“We are confident that this mine can be safe in the short term and most importantly, safe in the long term so that Yukoners are not left with an environmental liability,” Mr. Mills said.

Mr. Mills emphasized that production will not involve the disturbance of any acid-generating rock.

The Yukon government and Natural Resources Canada will have up to 60 days to accept, reject or vary the recommendations.

First Nations leaders and environmental groups concerned about the mine's impact say they have yet to review the report before making any comments.

Western Copper proposes producing 14,000 tonnes of copper annually after a two-year project to prepare the site.

Company chief executive officer Dale Corman said in a statement that he's glad the project is moving ahead and that he believes the board completed a thorough and comprehensive of any environmental implications.

The board's 148 recommendations cover everything from reclamation to wildlife, air and water quality, land use and the risk of oil and chemical spills.

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