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Tiernan Gold Advances Volcan Project PFS and Sets EIA Permitting Timeline

MixedMedium impact
TNGDCA$6.31 −3.07%

Tiernan Gold Corp. (TSXV:TNGD) is progressing with the Pre-Feasibility Study for its Volcan Gold Project. The ongoing work includes deposit-wide core re-logging, trade-off studies, environmental baseline research, and Phase II metallurgical testing. Recent testing showed faster dissolution rates using high-pressure grinding rolls, supporting the planned processing flowsheet.

The advancement de-risks the development timeline while aligning geology, metallurgy, and permitting. Tiernan Gold currently holds water rights for up to 170 liters per second, exceeding the preliminary economic assessment requirement of 105 liters per second. Shares of Tiernan Gold traded at 6.31 CAD, down 3.07% on the day.

Moving forward, key milestones include the delivery of the completed Pre-Feasibility Study alongside an updated mineral resource estimate. The company plans to submit its Environmental Impact Assessment in the second half of 2027.

Key points

  • Tiernan Gold is advancing its Volcan Gold Project Pre-Feasibility Study with deposit-wide core re-logging and environmental baseline work.
  • Phase II metallurgical tests using high-pressure grinding rolls showed faster dissolution, validating the selected flowsheet.
  • Tiernan Gold holds water rights up to 170 liters per second, exceeding the PEA average requirement of 105 liters per second.
  • The company plans to submit its Environmental Impact Assessment in the second half of 2027.

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Questions and answers

What is the latest update on Tiernan Gold's Volcan project?

Tiernan Gold is advancing its Pre-Feasibility Study at the Volcan Gold Project, conducting deposit re-logging, metallurgical testing, and environmental baseline work.

When will Tiernan Gold submit its Environmental Impact Assessment?

Tiernan Gold expects to submit its Environmental Impact Assessment in the second half of 2027.

Does Tiernan Gold have enough water rights for the Volcan Gold Project?

Tiernan Gold holds water rights of up to 170 liters per second, exceeding the average 105 liters per second needed according to its preliminary economic assessment.