The Hasbrouck mine is planned as phase two of the Hasbrouck gold project, with phase one being the fully permitted Three Hills mine, located one mile west of the town of Tonopah.
“We are very pleased to have completed federal permitting at the Hasbrouck mine. The completion of construction level permits for both phases of the 100%-owned Hasbrouck gold project is a significant value addition to the property,” Peter Palmedo, chairman of West Vault, said in the media statement.
According to Palmedo, the completion of BLM federal permitting for the phase-two Hasbrouck mine reduces overall project execution risk considerably.
The Hasbrouck gold project is one of only a few shovel-ready gold projects in the US south-west. It hosts an estimated 762,000 ounces of proven and probable gold reserves and 10,569,000 ounces of proven and probable silver reserves.