THUNDER BAY -- Greenstone Gold's Hardrock mine project is expected to change the economic landscape of the Northwest.
Company officials provided an update Thursday night on the project to members of the public.
Director of Environment and Community Relations Ian Horne said they have entered the Environmental Assesment phase.
This phase could take up to a year, but the company will now put effort into other aspects of the project such as securing the $1.25 billion required to fund the construction and operation phases.
“The entire EA was submitted to both levels of government,” Horne said. “It takes approximately a year for them to go through the process, then they have to review it, evaluate it, get public comment and then recommend to the ministers to approve the project.
Horne added it will have to go infront of the cabinet in order for it to be approved or not and then the decision will be announced.
Hardrock Project's general manager Eric LaMontange said the construction phase of the project will generate 650 jobs with a further 550 jobs created when the operations phase comes into effect.
He said both phases will have a huge economic benefit to the entire Thunder Bay district.
“We calculate a return by different contact and supply Geraldton, Longlac, Beardmore up to half a billion during the life of the mine, and for Thunder Bay up to close to 2 billion return during the life of the mine.”
In addition, information sessions will be held in Longlac and Geraldton on September 13 and in Thunder Bay on September 16.
(TBT News)
