Revised Final Environmental Study Report (24 MB) - Gold Canyon ...

Preliminary
Economic
Assessment
(“PEA”) and GCU
Financial Status
(Section 5.12)
The economic potential of the Springpole Gold Project is subject to
ongoing assessment as information becomes available. The March 25,
2013 Preliminary Economic Assessment provides the most recent
information and provides further justification to continue exploration work.
The Project will safely and effectively enable further definition work on the
gold deposit. That work will allow GCU to refine the economic information
available to date and prepare a pre-feasibility and/or feasibility study for
the development of the gold deposit into a mine.
GCU is a publicly traded company and is subject to strict regulation
regarding financial disclosure.
First bullet: The baseline studies and impact analyses were completed with
input from the provincial government, and in accordance with accepted
practice. That information was included in the final ESR. TFTO’s
recommendation proposes an environmental assessment more relevant to
that warranted for a mine development and far beyond what is required for
the proposed Project of an access road.
Second bullet: The record of consultation is included in the final ESR. GCU
is committed to working with Aboriginal groups whose rights may be
impacted by GCU activities, and continues discussions to formalize its
working relationship with the affected First Nations.
TFTO Summary of
Recommendations
(Section 6)
Third bullet: The environmental studies necessary for the assessment of
the road project are included in the final ESR. TFTO’s recommendation
would impose obligations far beyond those warranted or required for the
impact of a seasonal access road.
Fourth bullet: Although not specifically required by the Class
Environmental Assessment process, potential cumulative impacts were
considered throughout the final ESR and the preferred corridor has been
selected to minimize cumulative impacts. The nature, intensity and
duration of the Project are appropriate for a Class C Environmental
Assessment and it is not a unique undertaking that warrants an individual
(Category D) environmental assessment.
Fifth bullet:
The only outstanding recommended item is the Good Neighbour Policy.
TFTO committed to GCU that it would provide a draft policy for discussion,
but none has been proposed to date. Entering into such an agreement is a
commitment in the final ESR.
Gold Canyon Resources Inc.
Response to TFTO Submission for Springpole Access Corridor Final ESR
April 2013 Schedule 1/- 3-