In a news release, Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced that the Bureau of Land Management Nevada (BLM) issued a ruling that the company's Plan of Operations for its South Railroad Project (SRP) is deemed to be complete. The firm noted that the recently submitted Plan of Operations provides a detailed outline of its plans for constructing and operating the SRP, an open pit, heap leach gold project in Elko County, Nevada. The company advised that the ruling represents an important milestone in the SRP's permitting process.
Gold Standard Ventures stated that since the BLM has ruled its Plan of Operations complete, it is now able to begin the Environmental Impact Statement (EIS) process as set out in the National Environmental Policy Act. The firm indicated that based upon current guidelines and the assumptions set forth in the Plan of Operations, it anticipates that that it will take between 12 to 18 months to complete the EIS process. The company added that BLM oversees development of the EIS with significant input from supporting federal, state, and local agencies and is the lead agency for actions on public lands.
Gold Standard Ventures President and CEO Jason Attew commented, "This is a key milestone for Gold Standard and a positive outcome of the efforts by our team in Nevada in conjunction with the BLM...With our Plan of Operations deemed complete, we begin the EIS process and move another step closer to achieving our goal of becoming the low-cost junior producer of choice in Nevada."
The company noted that it owns 100% of the SRP which is part of a 21,000+ hectare land package situated on Nevada's Carlin Trend.
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