CEO Blog - February 15, 2012
Wednesday, February 15 2012 17:14
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Q:  What is the status of your final permit and production update?

A:  We are pleased to announce that the Nevada Division of Environmental Protection (NDEP) has issued to the Company a Class I, Air Quality Operating Permit.

This is the final major operating permit that enables our production goals for this year. The permit facilitates our safe transition into production and we now look forward to hiring the remaining operating personnel and commencing operations.

Receipt of NDEP’s Class I Air Quality Operating Permit to Construct (OPTC) AP1041-2761 (FIN A0404) authorizes the remaining construction and pre-mining work culminating in the production of gold and silver later this year.  The Company will now begin organizing and implementing certain scheduled tasks including final pond constructions, followed by the installation of the crushing facility, installation of the expanded Merrill Crowe facility, and completing the expansion of the Heap Leach pad. Mine preparation, and ore stock piling will follow in a scheduled sequence, optimized to ensure the earliest possible gold production.

Newly Fenced Solution Pond at American Flat

 

These activities complement ongoing pre-production activities that were independent of the Air Quality permit, including the recent completion of the Company’s new process solution pond, acquisition of a metallurgical lab and progressing the environmental sampling in the starter pit area.

We are now in the final phases of our project schedule for production startup. We look forward to the first pour, production growth on our Comstock properties and positive cash generation from the starter mine.

Kind regards,

Corrado De Gasperis
President & CEO