VANCOUVER, Aug. 26, 2019 /CNW/ - Trilogy Metals Inc.
(TSX/NYSE American: TMQ) ("Trilogy Metals", "Trilogy"
or the "Company") is pleased to report the public release of the
Draft Environmental Impact Statement by the United States Bureau of
Land Management ("BLM") for the Ambler Mining District Industrial
Access Project or AMDIAP (Ambler Access Road) and the Environmental
and Economic Analysis by the United States National Park Service
("NPS") for that portion of AMDIAP that traverses the Gates of the
Arctic National Park and Preserve.
Ambler Mining District Industrial Access Project
("AMDIAP")
On August 23, 2019 the BLM, the
lead agency for the permitting of the Ambler Mining District
Industrial Access Project ("AMDIAP"), completed the Draft
Environmental Impact Statement ("EIS") which has been posted on the
BLM website (see below). Also, the NPS, which is a cooperating
agency, has completed and posted the Environmental and Economic
Analysis ("EEA") on the National Park Service website. The EEA will
evaluate the two alternative routes for the AMDIAP – the shortest
overall AMDIAP route and the shortest route across the NPS Preserve
lands.
The next step is a public comment period which will be held over
45 days. Comments on the Draft EIS will be accepted through
October 15, 2019 with meetings
scheduled to commence on September 10,
2019 in Alaska.
For more information on the Draft EIS please visit the BLM
website at https://www.blm.gov/alaska. Information on the EEA can
be found at
https://www.nps.gov/gaar/learn/management/ambler-row.htm.
Rick Van Nieuwenhuyse, President
and CEO of Trilogy Metals commented, "The release of the draft EIS
by the BLM and the EEA is a critical milestone for the permitting
of the AMDIAP which would allow the exploration and development of
the Ambler Mining District and our Upper Kobuk Mineral Projects
specifically. I am also pleased that the NPS has completed the EEA.
The EEA is also a critical document in that it examines the two
proposed routes that will traverse the Gates of the North Preserve.
Trilogy looks forward to engaging in this process which will give
all stakeholders an opportunity to have a voice in the permitting
of the AMDIAP."
About Trilogy Metals
Trilogy Metals Inc. is a metals exploration and development
company focused on exploring and developing the Ambler mining
district located in northwestern Alaska. It is one of the richest and
most-prospective known copper-dominant districts located in one of
the safest geopolitical jurisdictions in the world. It hosts
world-class polymetallic VMS deposits that contain copper, zinc,
lead, gold and silver, and carbonate replacement deposits which
have been found to host high-grade copper and cobalt
mineralization. Exploration efforts have been focused on two
deposits in the Ambler mining district - the Arctic VMS deposit and
the Bornite carbonate replacement deposit. Both deposits are
located within the Company's land package that spans approximately
143,000 hectares. The Company has an agreement with NANA Regional
Corporation, Inc., a Regional Alaska Native Corporation that
provides a framework for the exploration and potential development
of the Ambler mining district in cooperation with local
communities. Our vision is to develop the Ambler mining district
into a premier North American copper producer.
Cautionary Note Regarding Forward-Looking
Statements
This press release includes certain "forward-looking
information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable
Canadian and United States
securities legislation including the United States Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact, included herein, including,
without limitation, planned expenditures and the
anticipated drilling, survey, permitting and other activity at the
Company's properties and the timing thereof, the timing and the
filing of updated technical reports on the Company's
projects, are forward-looking statements. The metallurgical
results discussed in this press release should not be considered
representative of other drilling results for the 2019 drilling
campaign. Forward-looking statements are frequently, but not
always, identified by words such as "expects", "anticipates",
"believes", "intends", "estimates", "potential", "possible", and
similar expressions, or statements that events, conditions, or
results "will", "may", "could", or "should" occur or be achieved.
These forward-looking statements may include statements regarding
perceived merit of properties; exploration plans and budgets;
mineral reserves and resource estimates; work programs; capital
expenditures; timelines; strategic plans; market prices for
precious and base metals; or other statements that are not
statements of fact. Forward-looking statements involve various
risks and uncertainties. There can be no assurance that such
statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from the Company's expectations include the
uncertainties involving success of exploration, development and
mining activities, permitting timelines, requirements for
additional capital, government regulation of mining operations,
environmental risks, unanticipated reclamation expenses; mineral
reserve and resource estimates and the assumptions upon which they
are based; assumptions and discount rates being appropriately
applied to the pre-feasibility study; our assumptions with respect
to the likelihood and timing of the AMDIAP; capital estimates;
prices for energy inputs, labour, materials, supplies and services
the interpretation of drill results, the need for additional
financing to explore and develop properties and availability of
financing in the debt and capital markets; uncertainties involved
in the interpretation of drilling results and geological tests and
the estimation of reserves and resources; the need for cooperation
of government agencies and native groups in the development and
operation of properties as well as the construction of the access
road; the need to obtain permits and governmental approvals; risks
of construction and mining projects such as accidents, equipment
breakdowns, bad weather, non-compliance with environmental and
permit requirements, unanticipated variation in geological
structures, metal grades or recovery rates; unexpected cost
increases, which could include significant increases in estimated
capital and operating costs; fluctuations in metal prices and
currency exchange rates; and other risks and uncertainties
disclosed in the Company's Annual Report on Form 10-K for the year
ended November 30, 2018 filed with
Canadian securities regulatory authorities and with the United
States Securities and Exchange Commission and in other Company
reports and documents filed with applicable securities regulatory
authorities from time to time. The Company's forward-looking
statements reflect the beliefs, opinions and projections on the
date the statements are made. The Company assumes no obligation to
update the forward-looking statements or beliefs, opinions,
projections, or other factors, should they change, except as
required by law.
Cautionary Note to United States Investors
This press release has been prepared in accordance with the
requirements of the securities laws in effect in Canada, which differ from the requirements of
U.S. securities laws. Unless otherwise indicated, all resource and
reserve estimates included in this press release have been prepared
in accordance with Canadian National Instrument 43-101 Standards of
Disclosure for Mineral Projects ("NI 43-101") and the Canadian
Institute of Mining, Metallurgy and Petroleum (CIM)—CIM Definition
Standards on Mineral Resources and Mineral Reserves, adopted by the
CIM Council, as amended ("CIM Definition Standards"). Canadian
standards, including NI 43-101, differ significantly from the
requirements of the United States Securities and Exchange
Commission (SEC), and resource and reserve information contained
herein may not be comparable to similar information disclosed by
U.S. companies. In particular, and without limiting the generality
of the foregoing, the term "resource" does not equate to the term
"reserves". Under U.S. standards, mineralization may not be
classified as a "reserve" unless the determination has been made
that the mineralization could be economically and legally produced
or extracted at the time the reserve determination is made. The
requirements of NI 43-101 for identification of "reserves" are also
not the same as those of the SEC, and reserves reported by Trilogy
Metals in compliance with NI 43-101 may not qualify as "reserves"
under SEC standards. Arctic does not have known reserves, as
defined under SEC Industry Guide 7. Accordingly, information
concerning mineral deposits set forth herein may not be comparable
with information made public by companies that report in accordance
with U.S. standards.
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SOURCE Trilogy Metals Inc.