VANCOUVER, Sept. 30, 2019 /CNW/ - Trilogy Metals
Inc. (TSX/NYSE American: TMQ) ("Trilogy Metals",
"Trilogy" or the "Company") reports that the United States Bureau
of Land Management ("BLM") announced that it has extended the
comment period for the proposed Ambler Mining District Industrial
Access Project ("AMDIAP") Draft Environmental Impact Statement
(EIS) from 45 to 60 days, moving the deadline to October 29, 2019.
According to the BLM, the extension was provided in recognition
of subsistence/hunting season and the number of interested
communities in the region, and public meetings remain on schedule.
Once the comment period has ended, the BLM will then review the
comments and complete the final EIS.
Ambler Mining District Industrial Access Project
On August 23, 2019 the BLM, which
is the lead agency for the permitting of the AMDIAP, completed the
draft EIS which has been posted on the BLM website (see below).
Also, the National Park Service ("NPS"), which is a cooperating
agency, completed and posted the Environmental and Economic
Analysis ("EEA") on the NPS website. The EEA will evaluate the two
alternative routes for the AMDIAP – the shortest overall AMDIAP
route and the shortest route across the NPS preserve lands.
For more information on the draft EIS please visit the BLM
website at https://www.blm.gov/alaska. For more information on the
EEA please visit the NPS website at
https://www.nps.gov/gaar/learn/management/ambler-row.htm.
Jim Gowans, Interim President and
CEO of Trilogy Metals commented, "We welcome the extension of the
comment period for the AMDIAP draft EIS given that we believe that
it is imperative for all stakeholders to have an opportunity to
have input into this project which is expected to make a
significant positive economic impact for the people of northwest
Alaska. Furthermore, it is
important that this process be done in a way that seen as
transparent and fair for all citizens of Alaska. I am highly confident that the final
EIS will be completed within the next few months."
About Trilogy Metals
Trilogy Metals Inc. is a metals exploration and development
company focused on exploring and developing the Ambler mining
district located in northwestern Alaska. It is one of the richest and
most-prospective known copper-dominant districts located in one of
the safest geopolitical jurisdictions in the world. It hosts
world-class polymetallic volcanogenic massive sulphide ("VMS")
deposits that contain copper, zinc, lead, gold and silver, and
carbonate replacement deposits which have been found to host
high-grade copper and cobalt mineralization. Exploration efforts
have been focused on two deposits in the Ambler mining district -
the Arctic VMS deposit and the Bornite carbonate replacement
deposit. Both deposits are located within the Company's land
package that spans approximately 143,000 hectares. The Company has
an agreement with NANA Regional Corporation, Inc., a Regional
Alaska Native Corporation that provides a framework for the
exploration and potential development of the Ambler mining district
in cooperation with local communities. Our vision is to develop the
Ambler mining district into a premier North American copper
producer.
Cautionary Note Regarding Forward-Looking
Statements
This press release includes certain "forward-looking
information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable
Canadian and United States
securities legislation including the United States Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact, included herein, including,
without limitation, the anticipated timing of the Final
EIS and the BLM and EEA review processes are forward-looking
statements. Forward-looking statements are frequently, but not
always, identified by words such as "expects", "anticipates",
"believes", "intends", "estimates", "potential", "possible", and
similar expressions, or statements that events, conditions, or
results "will", "may", "could", or "should" occur or be achieved.
Forward-looking statements involve various risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ
materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from
the Company's expectations include the uncertainties involving our
assumptions with respect to the likelihood and timing of the AMDIAP
review process; the need for cooperation of government agencies and
native groups in the development and construction of the access
road; the need to obtain permits and governmental approvals; and
other risks and uncertainties disclosed in the Company's Annual
Report on Form 10-K for the year ended November 30, 2018 filed with Canadian securities
regulatory authorities and with the United States Securities and
Exchange Commission and in other Company reports and documents
filed with applicable securities regulatory authorities from time
to time. The Company's forward-looking statements reflect the
beliefs, opinions and projections on the date the statements are
made. The Company assumes no obligation to update the
forward-looking statements or beliefs, opinions, projections, or
other factors, should they change, except as required by
law.
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SOURCE Trilogy Metals Inc.