Vancouver, British Columbia – September 1, 2021 (Newsfile Corp.) (Investorideas.com Newswire) Black Mountain Gold USA Corp. (TSXV: BMG) (“BMG” or the “Company”) is pleased to provide an update on the progress with permitting at its Mohave Gold Project in Mohave County, Arizona. The Company is advancing permitting to facilitate its Exploration Plan of Operation (EPO) which includes rehabilitation of historic access roads as well as additional road construction and up to 600 drill sites. BMG is pleased to report that the Bureau of Land Management (BLM) has deemed the EPO complete and approved the additional environmental baseline studies conducted by the Company allowing BMG to proceed to the Environmental Assessment (EA) stage of permitting for the EPO.
Graham Harris, CEO and Director, commented, “At BMG we are very pleased to have passed this significant milestone for our Mohave Gold Project. We look forward to working closely with our consultants, Great Basin Environmental and McGinley & Associates, in conjunction with BLM to complete the EA study and advance to the next phase of the project.”
The claims at the Mohave Gold Project are on federal land and administered by the Bureau of Land Management (BLM). The Company’s Exploration Plan of Operation (EPO) was initiated by M3 Metals and was presented to the Bureau of Land Management (BLM) in 2020. Initial review of the EPO by BLM indicated that additional baseline studies over the project area were required including a Class III cultural study, a viewshed analysis, biological resources and wildlife analysis, a geohydrologic study, and a noise assessment related to bat roosting sites. BMG engaged Great Basin Environmental Services LLC and McGinley & Associates Inc. (McGinley) to manage the permitting process and complete the environmental baseline studies. BLM has now formally indicated the EPO is complete and the environmental baseline studies are sufficient to initiate the EA. McGinley has been contracted by the Company to undertake the EA report under the supervision and guidance of BLM. Ongoing exploration activities at the Mohave Gold Project include additional rock chip sampling on the southern half of the claim block and a ground geophysics survey (IP) covering the northern prospects to aid the identification of buried targets for drill testing.
The Company would also like to report the granting, subject to regulatory acceptance, of 1,700,000 incentive stock options to certain officers, directors, consultants and employees of the Company (the “Options”). The Options have a term of 5 years and are exercisable at a price of $0.40 per common share.
This news release has been reviewed by Peter J. MacLean, Ph.D., P. Geo, Director of the Company and a Qualified Person as that term is defined in National Instrument 43-101.
To find out more about Black Mountain Gold USA Corp. please contact Investor Relations at (604) 662-8184 or email [email protected]
BLACK MOUNTAIN GOLD USA CORP.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses, the reliability of third party information, continued access to mineral properties or infrastructure, changes in laws, rules and regulations in Arizona which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$, fluctuations in the market for gold/silver, changes in exploration costs and government royalties, export policies or taxes in Arizona and other factors or information. The Company’s current plans, expectations and intentions with respect to development of its business and of the Mohave Gold Project may be impacted by economic uncertainties arising out of COVID-19 pandemic or by the impact of current financial and other market conditions on its ability to secure further financing or funding of the Mohave Gold Project. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
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