Friday , July 12 2024

OreCorp’s Nyanzaga gold granted environment certificate

Tanzania has granted OreCorp’s Nyanzaga gold project, in the Lake Victoria Goldfields an environmental certificate.

The mineral exploration company said the certificate, which is a culmination of over 18 month’s work by the company, stakeholders and in-country consultants.

In addition, the certificate is an essential component for the grant of a special mining licence (SML) and is a significant step forward in the permitting for the project.

Meanwhile OreCorp said the definitive feasibility study (DFS) is under way at Nyanzaga, which hosts a Joint Ore Reserves Committee 2012 compliant mineral resource estimate of 3.1-million ounces at 4 g/t gold.

Other the other hand a SML application has been lodged and is expected to progress through the application process once the moratorium on the grant of new licences is lifted.

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