Mines Management, Inc. (TSX:MGT) reported that the U.S. Fish and Wildlife Service issued Final Draft Biological Opinions for the Montanore Silver-Copper Project. The Final Draft states the USFWS made a preliminary determination that a non-jeopardy decision can be made under the terms and conditions spelled out in the aquatics and terrestrial BO’s.
As quoted in the press release:
With the pending completion of the BO process, the few steps remaining include issuance of the Final Environmental Impact Study (EIS) and issuance of a Draft Record of Decision (ROD). Following issuance of the Draft ROD, completion of the Final ROD involves an objection and resolution process newly adopted by the U.S. Forest Service (USFS) for projects on public lands that has regulatory time controls, and may be limited to 120 days at which point, the Company will be fully authorized to advance the project as approved by the agencies.
Mines Management Chairman and CEO, Glenn Dobbs, said:
We have seen significant movement in the permitting process for the Montanore, and we are increasingly optimistic that full approval for the project is within sight. Upon issuance of the Final ROD, and upon arrangement of funding, we plan to initiate preparations for an underground infill drilling program. Results from the infill drilling program are intended to support the final analysis and detailed engineering as part of the final feasibility study.