Public Notice
Goliath Gold Project — Additional Participant Funding Allocated

December 6, 2017 — The Canadian Environmental Assessment Agency (the Agency) has allocated $70,117.50 to five recipients to assist their participation in the environmental assessment of the proposed Goliath Gold Project, located in Ontario.

Details of Funding Allocation for the Project
Recipients Additional Funding Allocation Previous Funding Allocation Total Funding Allocation
Aboriginal People of Wabigoon N/A $34,872 $34,872
Eagle Lake First Nation $14,150 $41,050 $55,200
Grassy Narrows First Nation N/A $44,958.97 $44,958.97
Lac des Mille Lacs First Nation $10,500 N/A $10,500
Métis Nation of Ontario $14,000 $40,000 $54,000
Naotkamegwanning First Nation $15,750 $45,000 $60,750
Wabauskang First Nation $15,717.50 $44,935 $60,652.50
Wabigoon Lake Ojibway Nation N/A $45,000 $45,000
Total $70,117.50 $295,815.97 $365,933.47

The funding was made available through the Agency's Participant Funding Program. It will assist the participation of Indigenous groups in various steps of the environmental assessment, which include reviewing and providing comments on the proponent's Environmental Impact Statement or the summary thereof, the Agency's draft Environmental Assessment Report, and the potential environmental assessment conditions.

For more information on the project and the federal environmental assessment process, please visit the Agency's website at canada.ca/ceaa (Registry reference number 80019).

The Proposed Project

Treasury Metals Inc., the proponent, is proposing the construction, operation, decommissioning, and abandonment of an open-pit and underground gold mine and associated infrastructure. The proposed mine, located 20 kilometres east of the city of Dryden, Ontario, will have an ore production capacity of 2,700 tonnes per day with an anticipated mine life of approximately 10 to 12 years. Ore would be processed on-site to produce a final doré bar that would be shipped off-site for further refining and upgrading. The property is close to existing infrastructure (electricity, natural gas, and highways).

Document reference number: 27

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