NEWS Uragold Bay receives authorization for mining at Beauce
Ticker Symbol: C:UBR
Uragold Bay receives authorization for mining at Beauce
Uragold Bay Resources Inc (2) (C:UBR)
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Monday January 14 2013 - News Release
Mr. Bernard Tourillon reports
URAGOLD REACHES A MAJOR THRESHOLD IN ITS PERMITTING PROCESS: QUEBEC'S AGRICULTURAL LAND PROTECTION COMMISSION AUTHORIZES MINING ACTIVITIES ON THE BEAUCE PLACER GOLD PROJECT
The CTPAQ (Commission de Protection du Territoire Agricole du Quebec), Quebec's agricultural land protection commission, has issued a ruling granting Uragold Bay Resources Inc. a five-year (renewable) authorization for mining activities on the Beauce placer gold project.
Uragold's Beauce placer gold project is situated in a territory that is zoned agricultural; no permits for activities other than agricultural can be issued until the CTPAQ has rendered a decision. In its decision, the CPTAQ recognizes that the Beauce placer property, because of its past mining activities, has negligible agricultural value.
The MDDEP (Ministere du Developpement durable de l'environnement et des parcs) made this requirement a prerequisite condition to the issue of the certificate of authorization (permit) required to start work on the Beauce placer gold project.
About the Beauce placer gold project
The Beauce placer gold property is located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. The project is in its final permitting stage for a 20-year mining lease for a placer gold mining operation.
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