News Out Marathon Gold Provides Update on the Newfoundland and Labrador Environmental Assessment for the Valentine Gold Project
TORONTO, Oct. 29, 2021 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) reports that the Minister of Environment and Climate Change for Newfoundland and Labrador has notified the Company that the Environmental Assessment Committee for the Valentine Gold Project (the “Project”) has completed its review of the Environmental Impact Study (“EIS”) for the Valentine Gold Project (the “Project”), and that additional information is being requested. The additional information is in the areas of Caribou Protection and Effects Monitoring, and Effects on Human Health, amongst others. This will necessitate the submission of an amendment to the Environmental Impact Statement, the second such amendment to be requested.
Marathon expects to complete the work required for the amended EIS in the next several weeks. Following its submission, the Environmental Assessment Division of the Department of Environment and Climate Change has an additional 70 days to both complete their review and provide the amended EIS for public review. At the end of this 70-day period, a further determination of the acceptability of the EIS will be made. Two rounds of technical information requests based on the EIS have already been completed with the Impact Assessment Agency of Canada (“IAAC”), under a parallel federal Environmental Assessment process.
In a news release dated October 18, 2021, Marathon detailed the team development, procurement, and detailed engineering work that is currently ongoing at the Project. This work is being undertaken in contemplation of receiving sufficient permits to commence site construction activities early in 2022. The Project’s construction schedule will now be adjusted to accommodate the extended Environmental Assessment process, and a start-up delay of several months can be expected.
Qualified Persons
Disclosure of a scientific or technical nature in this news release has been approved by Mr. Tim Williams, FAusIMM, Chief Operating Officer of Marathon, Mr. Paolo Toscano, P.Eng. (Ont.), Vice President, Projects for Marathon, and Mr. James Powell, P.Eng. (NL), Vice President, Regulatory and Government Affairs for Marathon. Mr. Williams, Mr. Toscano and Mr. Powell are qualified persons under National Instrument (“NI”) 43-101.
About Marathon