JULY 28, 2015 Centerra Gold Inc. reported:-------- Greenstone gold property development (formerly Trans-Canada property)
On July 20, 2015, the board of the general managing partnership (TCP GP Corp.) approved a name change of the partnership and itself to Greenstone Gold Mines LP and Greenstone Gold Mines GP Inc., “GGM” respectively (collectively to be referred to as Greenstone Gold Mines).
This name change was in recognition of the location of the Hardrock project within the Greenstone municipality and in recognition of the support being received from that community and the surrounding first nation’s communities.
----- Work progressed on all fronts with significant advancement being made toward completing the feasibility study on the Hardrock project by late fourth quarter 2015 or early first quarter 2016.
During the second quarter of 2015, “GGM” received the provincial terms of reference for the environmental assessment, with two amendments, and discussions were initiated with Long Lake No. 58 First Nation on the development of an impact benefit agreement (IBA).
The resource block model for the Premier Gold / Centerra Hardrock project is currently being updated, and a new resource estimate is expected in the third quarter of 2015.