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

Gold Canyon Resources Inc.
Springpole Gold Access Corridor Project
Final Environmental Study Report
GCU would make best efforts so that any use of the road during the mid-May to late October window
would be communicated to proximal outfitters a minimum of two (2) weeks in advance of the date.
Emergency use (i.e. transport personnel to hospital) would not be communicated to proximal
outfitters.
Road use restrictions that are imposed as a condition of the Overall Benefit permit (refer to Section
3.4) and any legislation would be respected.
5.3 Decommissioning
Exploration and resource definition work is an iterative process and timelines and activities are
affected by on-going results. Recent exploration results have been very successful, as described in
Section 1. Despite recent success, significant additional work is required to define the Deposit.
Pending market conditions and availability of improved access to the Property in the near-term to
facilitate on-going exploration work and installation of Property infrastructure, GCU expects to make
a decision regarding the initiation of a provincial EA for the development of the Deposit before the
end of the third year of use. A proposal to develop the Deposit into a producing mine would require
an entirely new EA and approvals process.
GCU is prepared to decommission the road by removing water crossings in accordance with MNR
(1995) and regenerating the cleared corridor beyond the FMP Approved Road as per the Trout Lake
Forest FMP approved Silvicultural Ground Rules based on forest unit. The regeneration will be
addressed by the renewal fees paid to the Crown by GCU for the timber harvesting within the
corridor. With respect to the water crossing removal, GCU accepts this responsibility and is
prepared to provide financial assurance as described below.
1. Financial assurance amount that is required for the water crossing removal will be
determined by an independent Registered Professional Forester experienced in road
building and decommissioning. A trust account with the required amount of financial
assurance will be set up prior to starting construction of the water crossings.
2. The cost to rehabilitate the road will be re-evaluated every three (3) years with any
increases to be reflected in a “top up” of the trust account.
3. MNR would be paid out the financial assurance amount from the trust account in the
event of bankruptcy or insolvency.
In the event that the Springpole Gold Project does not progress to the commencement of a
provincial EA for the development of the Deposit before the end of the third year of use, defined as
36 months following the conclusion of the construction phase (refer to Photograph 5-2). It is
understood that some of other parties (Cat Lake First Nation, Domtar) may have an interest in
having some or all of the road and water crossings beyond the FMP Approved Road remaining in
place. However, this modified use of the eastern corridor would be subject to a new EA and
approvals process by another proponent.
In the event that the Springpole Gold Project becomes fully permitted and proceeds to a production
phase, the rehabilitation of the access corridor would be subject to special conditions arising from
the EA process as well as the subsequent approvals process. i
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