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Canagold Resources’ New Polaris project has moved into the process planning phase of its environmental assessment following recommendation by the British Columbia Environmental Assessment Office .
The recommendation follows Canagold’s recent submission of a detailed project description with the BCEAO, outlining a significant reduction in energy usage and potential carbon footprint. In addition, the DPD highlighted that no cyanide will be used in the flotation process, and the tailings storage facility will no longer include materials high in arsenic.
“This milestone underscores our commitment to responsible mining practices and our ongoing collaboration with the Taku River Tlingit First Nation, Indigenous groups in Alaska, stakeholders, and government regulators in both British Columbia and Alaska,” stated Canagold CEO Catalin Kilofliski in a news release.
New Polaris is a past-producing, high-grade gold project for which the company is working towards environmental permitting and a feasibility study. Built prior to World War II, the former mine produced 232,000 oz. of gold from 691,000 tonnes of ore grading 11.9 grams per tonne before its closure in the 1950s.
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