Cerrado Gold Inc. (TSX.V: CERT |OTCQX: CRDOF) has filed its Environmental Impact Study for the Monte Do Carmo gold project with the State Environmental Agency of Tocantins State, Brazil. The submission will be reviewed by NATURATINS (the Tocantins environmental agency), with public hearings expected to be undertaken until December 2022. The filing of the EIS is in support of the company’s application to receive the Licença Prévia which is expected in Q1 2023.
The filing of the EIS is a critical component to rapidly develop the Monte Do Carmo gold project following the completion of the feasibility study which Cerrado Gold expects in Q1 2023. Cerrado began the EIS process in the second quarter of 2021 and has compiled numerous reports for review by NATURATINS. The reports filed focus on various areas of the project including characterization of the project; operational and locational alternatives, social-economic impacts, flora & fauna environmental impacts and physical environmental impacts. The purpose of the LP is to certify the viability of the project (including approval of the site and planning) and establish the basic requirements and conditions that must be fulfilled in subsequent phases.
The submission of the EIS is the first stage of a three-stage permitting process all of which will be approved exclusively by the jurisdiction of the Tocantins. The three major permits required include: the Licença Prévia; the Licença Instalação or Construction License; and the Licença de Operação or Operating License.
Mark Brennan, CEO and Co-Chairman stated: “The submission of the EIS is an important milestone for the development of the MDC project as we rapidly progress the permitting of our Project. We continue to work cooperatively with NATURATINS and the state authorities. He continued “We as a team, are committed to conduct our operations to the highest environmental standards and to be stewards of the community in which we operate.”
For further information please visit: https://www.cerradogold.com/
