Previously, on September 14, 2012, the Company had received a Certificate of Authorization from the Quebec Provincial Government’s Ministry of Sustainable Development, Environment, Wildlife and Parks ("MDDEP") to operate a gravity separation circuit to process the mining residues located on the Montauban Mine Property.
On March 13, 2014, the Company received another Certificate of Authorization, also from the Quebec Provincial Government’s MDDEP, with respect to operating a cyanide closed-circuit system to process the mining residues located on the Montauban Mine Property. This additional permit will enable DNA to achieve recovery rates of up to 92% for gold and 77% for silver.
Also, on February 28, 2014, the Company received approval, from the Quebec Provincial Government’s Ministry of Natural Resources ("MRN") for the Restoration Plan on the Montauban Mine Property which will be implemented subsequent to the Company’s processing of the mining residues on the site.
The two (2) Certificates of Authorization issued by the MDDEP and the Restoration Plan approval issued by the MRN to the Company will allow, upon receiving financing, for the construction and installation of equipment facilities to recuperate mica, gold and silver from the mining residues located on the Montauban Mine Property.
The Anacon Lead residue site is one of many stock-piles of mining residues located in different areas of the Montauban Mine Property. It has been documented, in various Quebec Provincial Government reports, that there is approximately 2.5 million metric tons of mining residues located on the Montauban Mine Property.
"I would like to congratulate the DNA team for their significant accomplishment in receiving these permits. The approval of the Montauban Mine Project from the Quebec Provincial Government’s Ministry of Sustainable Development, Environment, Wildlife and Parks and the Quebec Provincial Government’s Ministry of Natural Resources is a vital milestone to becoming Quebec’s next gold and silver producer," said Tony Giuliano, Chief Executive Officer of DNA Precious Metals, Inc.
