Arizona Sonoran’s Cactus Mine Granted its Amended Aquifer Protection Permit
28 Mars 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 that the Arizona Department of
Environmental Quality ("ADEQ") has granted its Cactus Mine an
amended Aquifer Protection Permit (“APP”). On July 29, 2021, the
Company was granted an APP for the Stockpile Project, which has now
been amended to add the Cactus Mine open pit and underground
operations to the Stockpile Project.
Arizona Sonoran Copper Company Chief Operating Officer, Ian
McMullan commented, “The issuance of this permit is a key
milestone for ASCU in advancing the re-start of operations at the
Cactus Mine and further de-risking of the project. Our team worked
closely with ADEQ to obtain the amended permit within expected
timelines and to ensure that our anticipated future operation will
meet environmental laws and regulations. As we advance our
technical studies and near a construction decision, we are poised
to benefit from this bullish copper cycle fueled by the global
transition to a green economy."
The ADEQ is Arizona’s lead agency for the regulation of
groundwater quality. APPs are a key component of the agency’s
safeguards for the protection of groundwater. The APP permit
program establishes specific discharge limits and monitoring, as
well as reporting requirements. The program also evaluates and
requires special measures to protect human health and the
environment from harmful pollutants. In granting the permit, ADEQ
determined that ASCU’s plans to re-activate the mine (located 4km
west of Casa Grande) were in line with standards to protect the
groundwater and met all applicable state and federal rules and
regulations. The amended APP permit has been granted subject to
demonstration of applicable surety posting (required to be in place
prior to commencement of construction).
Other key permits such as the Mined Land Reclamation Permit will
be applied for after completing final engineering and will be
closely followed by construction and industrial permits (following
making a positive construction decision), anticipated in the next
12 months.
The Cactus Mine NI 43-101
technical report is available on www.sedar.com or the Company's
website at www.arizonasonoran.com.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220328005238/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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