In a news release, Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced that "it has submitted its Plan of Operations to the U.S. Federal Bureau of Land Management (BLM) outlining the Company's plans to build and operate the proposed South Railroad open pit gold project, located in Elko County, Nevada." The firm explained that submitting the operating plans is an important and fundamental step in the commencement of the project permitting process.
Gold Standard Ventures stated that it will take approximately six months for the BLM to review and rule the submission to be complete. At that time, the company advised that an Environmental Impact Statement (EIS) will need to be prepared in accordance with the National Environmental Policy Act (NEPA) and that the EIS process takes about 12 months in total from the time started to completion.
The company's General Manager Don Harris remarked, "Submitting the Plan of Operation kicks off the initial phase of the permitting process for the mining of the South Railroad Project and is a significant milestone for Gold Standard Ventures."
The firm advised that it is simultaneously continuing to advance its Feasibility Study (FS) for the South Railroad Project, which it expects to be completed in H2/21. The company noted that the FS also provides key data for use in supporting the permitting process.
Read what other experts are saying about:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Gold Standard Ventures. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.