Arizona Sonoran Receives Approval of Jurisdictional Determination
28 Février 2022 - 12:30PM
Business Wire
Arizona Sonoran Copper Company Inc. (TSX:ASCU) (“ASCU” or
the “Company”), an emerging US-based copper developer and near-term
producer is pleased to announce a positive review of the
jurisdictional waters on the Company’s newly rezoned LKY, ARCUS and
Merrill by the United States Army Corps of Engineers (“USACE”). As
a result, all future permitting processes at Cactus will continue
to be driven by State and County levels.
USACE evaluated ASCU’s plans for the reopening of the Cactus
Mine, located 4km west of Casa Grande. The government agency
determined that the mine is not located within the jurisdictional
Waters of the United States (“WOTUS”) and therefore does not
require a federal permit under Section 404 of the Clean Water
Act.
ASCU VP Sustainability and External Relations, Travis Snider
commented “This is a tremendous step forward for the Project.
With this final determination by the Army Corps, State and County
are the only remaining permits needed to re-open the Cactus Mine.
As we advance towards our prefeasibility study, gain a better
understanding of the site characteristics, and move closer to
making a construction decision, having this certainty is key.”
The approved jurisdictional determination (“JD”) was issued by
the USACE under the statutes regulating WOTUS within the Clean
Water Act (“CWA”). In the United States, the CWA is the primary
federal law regulating water and the language of the act defines
WOTUS as navigable waterways. USACE is the lead agency in
evaluating which waterways are navigable.
Neither the TSX nor the
regulating authority has approved or disproved the information
contained in this press release.
About Arizona Sonoran Copper Company (www.arizonasonoran.com |
www.cactusmine.com)
ASCU’s objective is to become a mid-tier copper producer with
low operating costs, develop the Cactus Project that could generate
robust returns for investors, and provide a long term sustainable
and responsible operation for the community and all stakeholders.
The Company's principal asset is a 100% interest in the Cactus
Project (former ASARCO, Sacaton mine) which is situated on private
land in an infrastructure-rich area of Arizona. The Company is led
by an executive management team and Board which have a
long-standing track record of successful project delivery in North
America complemented by global capital markets expertise.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of ASCU to be materially different from
any future results, performance or achievements expressed or
implied by the forward-looking statements. Factors that could
affect the outcome include, among others: future prices and the
supply of metals; the results of drilling; inability to raise the
money necessary to incur the expenditures required to retain and
advance the properties; environmental liabilities (known and
unknown); general business, economic, competitive, political and
social uncertainties; results of exploration programs; accidents,
labour disputes and other risks of the mining industry; political
instability, terrorism, insurrection or war; or delays in obtaining
governmental approvals, projected cash operating costs, failure to
obtain regulatory or shareholder approvals.
Although ASCU has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. Forward-looking
statements contained herein are made as of the date of this news
release and ASCU disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20220228005165/en/
Adam Hawkins, Communities & Local Media Inquiries
520-689-5022 community@cactusmine.com Alison Dwoskin, Director,
Investor Relations Inquiries 647-233-4348
adwoskin@arizonasonoran.com George Ogilvie, President, CEO and
Director 416-723-0458 gogilvie@arizonasonoran.com
Arizona Sonoran Copper (TSX:ASCU)
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