U.S. Gold said its wholly owned subsidiary, Gold King Corp., has been issued a surface gold mine permit for the CK gold project in southeast Wyoming. In 2020, the company had pivoted from a purely exploration focus of its highly prospective assets in Nevada and Idaho to development of CK.
“Having previously been granted the industrial siting permit in June last year and now the mine operating permit, we have cleared the major regulatory hurdles towards project development,” said President, CEO and Director George Bee.
“Work to meet final authorization for development is well underway. The remaining conditions are the approval of the reclamation bond, which has already been submitted; the Wyoming Pollutant Discharge Elimination System permitting process, which is in the final stages of approval; and the WDEQ Air Quality Division permits, where technical work is under review. We remain on track to receive the necessary permits around mid-year, as per prior guidance.”
U.S. Gold noted that engineering work is well advanced with the process plant design largely complete and updated bids for major equipment are now being solicitated. The company said it was on track to update a prefeasibility study by the third quarter of 2024 and finalize the feasibility study sometime thereafter.
The CK gold project property is located in the Silver Crown mining district, approximately 20 miles west of Cheyenne, on the southeastern margin of the Laramie Range. The property comprises about 1,120 acres.
Source: U.S. Gold