Federal and state authorities have granted environmental approval to the Briggs gold project in southeastern California.
Owner Canyon Resources (NASDAQ) will begin construction as soon as all other permits are approved, which should be in mid-July. The construction phase is expected to last seven months.
Startup is targeted for the first quarter of 1996, with yearly output projected at 75,000 oz. Minable reserves stand at 22.9 million tons grading 0.029 oz. gold per ton.
Permitting is complicated by the fact that the deposit is between a steep mountain front to the east and a Holocene fault scarp to the west. Space for the pit, leach pads and waste dumps is therefore limited.
The 17,000-acre property is near Death Valley National Park.
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