If there is one aspect of the natural resources marketplace that a company needs to come to terms with fairly quickly, it would be the permitting process required to commence operations. Every conceivable governmental agency that could require a permit will likely require one before the first pick or drill is put into the ground. Working through, and understanding, the process is a key element for any junior natural resources company. If the company can diligently work through the process, ongoing operations and a nice profit will be within sight. All that is needed from that point forward is solid testing, patience and a fair amount of luck.
First Gold Corp., a junior exploration and development gold mining company, works to discover and exploit base metal deposits primarily in Nevada. The company currently owns 100% rights to an estimated 35,000 acres of exploration land in Nevada.
Although the company currently owns rights to 35,000 acres of exploration land, it has chosen to concentrate its efforts on 10,000 acres surrounding its Relief Canyon mine. The mine has recently received permits to begin various aspects of the mining process and expects full permitting and gold production by November. Past this target date, the company has received permits that allow the construction of the mine’s heap leach pad. With completion of the heap leach pad expected by mid-October, the company foresees the beginning of heap leach piling by early November.
As the company works to bring its first mine into production, it is also commencing exploration activities at three fully-explored gold mining properties surrounding its Lovelock offices. The Fairview-Hunter, Honorine and Horse Creek properties are located in historic mining areas or show favorable geological results for gold deposits.
First Gold Corp. has managed to work its way through the difficult permitting process required to satisfy many permitting agencies. As it brings its first endeavor online, it will be better able to apply lessons learned to its other properties. In many ways, the company is coming online with favorable gold pricing in place. Current economic conditions notwithstanding, gold pricing does appear to be steadying above needed pricing levels for favorable mining, First Gold Corp. has done its due diligence and is now ready to take advantage.
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