Australian (ASX) Stock Market Forum

ATV - Atlantic Gold

Jump to new
What an exciting time to be in this stock.

Share price at 23.5c NOW.

Up over 12% today.

As Peter Kundell (sp. ?) might say, Bloomin' nothin' for sale!


:)
 
Two announcements today.


LODGEMENT OF ENVIRONMENTAL FOCUS REPORT
TOUQUOY GOLD PROJECT, NOVA SCOTIA


http://www.asx.com.au/asxpdf/20071121/pdf/315z22pm2vb242.pdf


Atlantic Gold (ATV) is pleased to announce that the Focus Report, representing
information requested by the Nova Scotia Minister of Environment and Labour
supplementary to the Environmental Assessment Registration report submitted
last March, has now been lodged with the Minister’s office.


A period for public comment now remains open until 24 December with the
Minister’s decision for environmental approval of the Touquoy Gold Project
scheduled for no later than 30 January 2008.
Click to expand...



13.4 g/t GOLD OVER 10 m FROM RECONNAISSANCE DRILLING
COCHRANE HILL, NOVA SCOTIA
http://www.asx.com.au/asxpdf/20071121/pdf/315z0kp6fml58c.pdf
 
Re: ATV- Atlantic Gold

Interesting that Macquarie Group brought 6% of the company in late november.... hmmm.:) Would be interested on anyone's thoughts on the value of its current projects.
 
Re: ATV- Atlantic Gold

From my understanding the only thing that is holding back ATV is approval by Canadian environment minister which should be due soon (it is due on 1st of Feb 08).
Once the go ahead is given then 0.6-0.8 is possible.
 
http://www.thechronicleherald.ca/Business/1000480.html

this article explains the ricks involved with ATV. if the minister doesn't approve the license price could drop significantly. :mad:

Department will sift through submissions before gold mine ruling

By BRUCE ERSKINE Business Reporter
Fri. Dec 28 - 4:47 AM

An environmental decision on a controversial Eastern Shore gold mine development should be made by February, which is too soon for its opponents.

"The deadline for a decision is Feb. 1," provincial Environment Department spokeswoman Jacqueline May said Thursday.

The department has received more than 200 submissions on the proposed $70-million Touquoy surface mine and mill in Moose River Gold Mines. The mine is a project of DDV Gold Ltd., a Canadian subsidiary of Atlantic Gold NL of Australia. The submissions were in response to a 300-page focus report compiled by DDV on orders from Environment Minister Mark Parent after an initial environmental assessment of the project. The focus report was delivered to his department in November.

Public submissions on the focus report were accepted until Christmas Eve, although Ms. May said some submissions dated Dec. 24 may still be coming in to the department and will also be considered. Ms. May said department staff have 25 days from Dec. 24 to submit a report to the minister, who has 14 days from then to make a decision on the project.

Those timelines are too tight for mine opponents like the Eastern Shore Forest Watch, which worries about the project’s potentially harmful environmental effects.

"We don’t feel the time for the public review was sufficient," said Barbara Markovits, co-chair of the community group, which asked for an extension of the review process but didn’t hear back from the minister.

"The minister has the discretion to do that," she said in an interview Thursday, noting staff will be rushed through Christmas and New Year’s to submit their report on time. "It’s not a realistic way to make an important decision," she said, adding the public wasn’t given enough time to wade through the DDV focus report, which she said was 1,100 pages long, including appendices. "It’s not in the best interest of the community or the province."

Those concerns were reiterated Thursday by Green party leader and Central Nova candidate Elizabeth May, who blasted the review process as "inherently unfair" and called for a federal review of the project under the Canadian Environmental Assessment Act. The party’s submission on DDV’s focus report, which Ms. May prepared, said it contained "serious modelling flaws" and included sections that were "scientifically illiterate."

Atlantic Gold and DDV Gold chairman Ron Hawkes said Thursday that DDV has done "at least" everything that was required of it. "We’ve attempted to answer every question that people asked," he said, adding that DDV, which estimates it will employ 125 people once the mine is operational, is complying with government timelines.

Mr. Hawkes said he is hopeful the project, which is still subject to other permit requirements, will get the green light from the department. "I think we’ve got a very clean project," he said, noting that DDV needs a decision in order to move forward on financing and equipment procurement. Ms. May of the Environment Department said the minister’s decision not to extend the review process was based on fairness, since those timelines are legislated.

( berskine@herald.ca)
 
With record gold prices and a confirmed approval of a mine, seems likely the share price would surpass recent highs.

21c

:)

Next seller at 22c and not much for sale.
 
Nothing's been confirmed on the mine yet has it? It looks like there's significant local opposition to it. If it is knocked back, I guess we could see the SP plummet....
 
The greenies seem to be kicking up quite a fuss but there does not seem to be any real thorns in their arguments.
It appears that the greenies are trying to buy time and are kicking up a fuss to try and delay things.

In my opinion it is unlikely that the project would be declined outright and the minister will either approve the project subject to conditions or in a worst case scenario Atlantic Gold would need to do an Environmental Assessment report which would certainly take time and cost money to prepare and therefore would be disappointing for short term investors.

The economics of the project are getting better by the day as the gold price continues to rise and even if there are unfortunate delays caused by having to meet any extra environmental report requirements, I would expect that underlyingly the Nova Scotian Authorities want to see projects like Atlantic Golds proceed because of the economic benefits.

If the approval is given expect this stock to rocket higher.
 
According to that article news should be out by end of this month. There is some price movement. i am watching atv closely
 
18c

http://www.asx.com.au/asxpdf/20080125/pdf/3173f509j10ktr.pdf

RELEASE DATE FOR MINISTERIAL DECISION ON ENVIRONMENTAL APPROVAL
TOUQUOY GOLD PROJECT, NOVA SCOTIA

Atlantic Gold (ATV) has been notified by the Nova Scotia Department of
Environment and Labour that the decision by the Minister of Environment and
Labour in relation to Environmental Assessment approval of the Touquoy Gold
Project, following ATV’s submission of a Focus Report in mid-November and
Environmental Assessment Registration in March 2007, is to be expected on
1 February (Halifax time) which will be Saturday 2 February AEST.
The outcome will be released to the ASX pre-opening on Monday 4 February.
 
stock is holding up well at 18 and someone appears to be steadily accumulating.
Monday Feb 4 promises to be the most significant day in this stocks history to date.
 
Here we go...


http://www.gov.ns.ca/news/details.asp?id=20080131010

Environmental Conditions Set For Gold Mine
Environment and Labour
February 1, 2008 8:06

--------------------------------------------------------------------------
The operation of a surface gold mine in Halifax County will be subject to strict conditions to protect the environment.

The Touquoy Gold Project at Mooseriver Gold Mines successfully completed a provincial environmental assessment in accordance with the Nova Scotia Environment Act.

Mine operators must conduct regular monitoring and ensure complete reclamation, or clean-up, of the site when the work is finished. The mine is expected to operate for seven years, including the time for reclamation.

As part of the environmental assessment, Mark Parent, Minister of Environment and Labour, had requested the company provide a focus report. The report contains detailed research on a proposal's potential environmental impacts to help plan ways to minimize them.

Socio-economic effects are a consideration in all environmental assessments.

The minister has approved the project subject to terms and conditions.

The decision and the terms and conditions of the approval are on the department's website at www.gov.ns.ca/enla/ea .


:walker:

I guess the guys at Atlantic (and formerly Plutonic) have been celebrating today!
Well done. More gold on the way!

Holders, strap yourselves in ...

:)
 
hemmmm 1.3 million tone of gold(there is still more to come) with market cap of $37.76 million and every one says this is a fair and balanced market! :D
imo market cap should be at least $220 million. management needs to do some pumping here because almost any one could take over projects at these prices
 
News from Canada:


Truro council wants to halt cyanide transfer
JASON MALLOY
The Truro Daily News
February 5, 2008

TRURO – Town councillors are rip-roaring mad a mine operator didn’t inform them of a plan to transfer a dangerous chemical in Truro.

Councillors instructed its solicitor to seek an immediate injunction until it can hear from proponents. DDV Gold Limited’s plan is to use the cyanide in a gold mining operation in Moose River, Halifax County.

The hazardous material will be shipped to Truro by train before being trucked along Highways 102 and 224 to Moose River.

“I think we should all be outraged that all these decisions would be made without informing us first,” Coun. Raymond Tynes said Monday at town council’s February meeting.

“They can’t consult us than they can expect nothing from me but grief at every step, every turn.”

Councillors found out about the proposal in a letter to the editor in the Truro Daily News in January.

“It’s always suspicious to me when you’re kept in the dark until the last minute and the company doing the study also has a stake in it,” said Coun. Diane Bennett-Cook. “It doesn’t smell right.”

The Department of Environment and Labour approved the operation with a number of conditions on Friday. The government said the mine is expected to operate for seven years. “I want to know before these shipments come what are the ramifications,” said Coun. Charles Cox.

Mayor Bill Mills has been told where the cyanide will be transferred in the Truro Industrial Park but he would not disclose the exact location for safety reasons. He has spoken with Truro-Bible Hill MLA Jamie Muir as well as officials from CN and DDV.

“The transportation risk assessment offers the opinion that the shipments can be managed safely and securely without incident,” Muir wrote in a letter to the town.

Mills said the official from DDV suggested a one-day seminar with local emergency officials to speak about a response if a spill occurs. No date has been set. Bennett-Cook said she wanted to see an independent, consultative investigation to determine the risks.

jmalloy@trurodaily.com


Deadly cyanide along Route 224
FRANK CASSIDY
The Truro Daily News
February 9, 2008

The process was so seamless, so unpublicized, one would almost think the matter under consideration by the Department of Transportation and Environment involved rail cars laden with orange juice.

We could only wish.

The public in general, and Truro town council in particular, were stunned when the story leaked out.

An Australian mining company had applied to the Nova Scotia government for a licence to operate an open pit gold mine in Moose River. And while the thoughts of scarring acreage in the eastern part of the province for a century or so is repulsive enough, the company plans to ship deadly cyanide by rail to Truro, where it would be transferred to trucks and shipped along Highways 102 and 224 to the mine site.

Let there be no mistake. Cyanide is a hydrocyanic acid salt product, highly poisonous and deadly to living creatures. Exposure to cyanide does not involve a swift trip to the hospital outpatients department for remedial treatment.

With a site at the Truro Industrial Park, and a planned transfer point from rail to truck, town council has reacted swiftly to investigate the feasibility of an injunction, halting shipment of cyanide through the community – and with good reason.

A spill would have devastating effects.

While, as South Colchester-Musquodoboit MLA Brooke Taylor points out, hazardous chemicals such as gas and propane are transported all over the province, tankers full of cyanide are another consideration all together.

The honourable cabinet minister and member of the legislature is unconcerned that trucks carrying cyanide will pass directly in front of his house.

And one has to question a letter sent to council by Truro-Bible Hill MLA Jamie Muir saying: “The transportation risk assessment offers the opinion that the shipments can be managed safely and securely without incident.”

I wonder how confident that honourable cabinet minister and member of the legislature would be if chemical-laden 16-wheelers drove by his Smith Avenue home at regular intervals.

Are the soothing words from our MLAs based on the strict standards set down by the Department of Environment? One would hope not. Environment Minister Mark Parent openly admits there are flaws in regulations but his department is reviewing them. (Would, then, the new rules apply retroactively? Laugh here.)

I’m mystified why the Nova Scotia government sees fit to approve an open-face gold mine operation in Moose River, where the land will, in polite terms, be raped and ravaged, with cyanide quite likely leaching into the water table. At the same time, an American gravel company will not be permitted to establish a rock quarry operation on Digby Neck because the proposal is considered environmentally unacceptable.

The provincial government has jumped into this deal. Quite frankly, I find the commentary and soothing reaction of local MLAs to be worrisome.

Who was the bright light in the Department of Environment who overlooked the potential for disaster in the centre of Truro if a rail accident were to occur?

Why was it that the town only found out about this plan to ship cyanide through the community when councillors read about it in the Truro Daily News?

Why is the transfer point from rail car to truck in the Truro Industrial Park being kept such a secret?

For security purposes?

What a hoot.

Has anybody thought about tanker truck drivers wending their ways along the twisty, winding, narrow route that is Highway 224? What of the 16-wheelers crossing the one-lane bridge spanning the pristine Musquodoboit River near the Moose River Road?

This is a calamity waiting to happen.

Frank Cassidy is the newsroom manager of the Truro Daily News. He can be reached anytime at fcassidy@trurodaily.com.
 
ATV - undervalued but not for much longer

More signs that Atlantic gold are very thorough and know what they are doing.


Gold mine project: for the record

By WALLY BUCKNELL
Sat. Feb 23 - 7:00 AM

On Feb. 1, the Touquoy Gold Project at Moose River Gold Mines was approved by Environment and Labour Minister Mark Parent. The project was approved because it clearly meets all of Nova Scotia�s environmental laws and standards. Also, the project has earned the strong support of the people in the area.

For the project proponent, DDV Gold Ltd., a wholly owned subsidiary of Atlantic Gold NL, this approval was the culmination of over four years and several million dollars worth of diligent and wide-ranging environmental work and comprehensive community consultation.

DDV Gold Ltd. determined that the project was commercially viable, environmentally sustainable and was supported by the people of the Eastern Shore and Musquodoboit Valley. This process was costly, lengthy and from the outset, there was no guarantee of approval. After careful review of that process and its results, and consultation with relevant government officials, Mr. Parent made his decision that the project should go forward.

In the three weeks since the project�s approval, however, some commentators have chosen to dispute the minister�s decision.

Regrettably, most of these commentators make no reference to the source material for that decision. We refer to our Environmental Assessment Registration Document (EARD) and Focus Report submitted for public scrutiny in March and November 2007, respectively. Instead, they rely on the demonstrably inaccurate criticisms of some members of Eastern Shore Forest Watch, a group which represents the views of only a select number of people of the area.

Last fall, as part of an extensive community consultation program, we commissioned an independent public opinion study of the residents of the Musquodoboit Valley and the Eastern Shore. The project is located in the middle of this area. We found solid support for our project: over 80 per cent in the Musquodoboit Valley, 75 per cent in the Sheet Harbour area, and 61 per cent in the Eastern Shore. We also consulted with and listened to scores of community groups and individuals. As a result, we made many environmental improvements to our original proposal. In short, we know what the majority of the people think about this project.

We are proud of our environmentally compatible, state-of-the-art project that will provide approximately 150 well-paying, clean jobs for Nova Scotians in Nova Scotia. We expect that most employees will be from the local area and some will be Nova Scotians who can return home from Alberta � we�re already receiving their job applications. All this at a time when many rural-based industries in Nova Scotia are experiencing a severe downturn and accompanying job losses.

While this particular project has a five- to seven-year mine life for 150 full-time jobs (the mining sector is the highest paying resource sector in the province) there will be a two to three times spin-off effect for the service sector. This project will, we believe, demonstrate that commercially viable, environmentally sustainable and socially responsible gold mining can happen in Nova Scotia.

Some critics claim "the company was allowed to hire a consultant to do its own environmental assessment." No, the assessment is undertaken by Environment and Labour, not by the company�s consultants. The company has indeed engaged a number of highly qualified, professional and specialized consulting firms, mostly local, to assist it in designing a project that meets or exceeds the very strict federal and provincial environmental standards. This material is then put in an EARD and Focus Report for review by government regulators and the minister. That is how the process works.

We have proven to the satisfaction of the minister of environment and labour and the relevant communities that there are no remaining concerns about downstream effects. The lengths to which our project design addresses water-quality issues are unprecedented in the history of mining development in Nova Scotia. We have met with Transport Canada and community leaders in Truro regarding cyanide transport. We have assured them our plans are consistent with current best practices of transportation of hazardous goods. We will be continuing to meet with, listen to and inform interested people as we move towards mine development.

Some critics of the Touquoy Gold Project appear to be unfamiliar with modern, well-regulated mining activity and are unwilling to acknowledge its benefits. DDV Gold is intent on developing and operating a modern gold mine of which the company, its employees and the community can be proud. The process to be used is entirely conventional and is employed in all 15 of Canada�s gold mines and some 450 gold mines worldwide. The mine will employ multi-stage processes to ensure the high quality of water released back to the environment, with highly regulated and transparent monitoring and mitigation measures. It will meet or exceed the world�s best environmental practices.

Remember that every time we eat a meal, brush our teeth, drive a car, use a computer or engage in most activities of daily living, we use metals and materials that come from a mine. So while we welcome questions and concerns about our project, we hope that individuals check the facts before they jump into the public forum with untruths.

Wally Bucknell is CEO of Atlantic Gold NL.
 
Touquoy cyanide shipping issue resolved

ATV showing they know how to settle problems quickly, and retaining goodwill of the community.

Controversial plan canned
DDV Gold, DuPont instead to truck cyanide to proposed mine
By CATHY VON KINTZEL Truro Bureau
Sat. Mar 1 - 4:47 AM

TRURO ”” DDV Gold Ltd. has abandoned a controversial plan to use Truro’s industrial park as a train-to-truck transfer site for cyanide en route from the United States to a gold mine proposed for Halifax County.

The company now intends to truck it all the way to Moose River.

A letter from Peter Carter, general manager of operations, was distributed to Truro town councillors Friday as part of the agenda and package of materials for their monthly meeting Monday.

Mr. Carter wrote that discussions with the supplier, DuPont, "confirm that the transport plan will be altered to deliver sodium cyanide direct from the factory in the U.S.A. to the mine site by truck. "No trans-shipment will be required in Truro and no need is seen for trucks to stop in any communities between the turnoff from Highway 104 to the mine."

Mr. Carter also wrote that the new trucking plan has been discussed with Transport Canada and is consistent with current practices that presently see hazardous goods transported past Truro on Highway 102. "We apologize if the originally proposed plan caused any undue concern and would stress that during the 18 months leading up to the actual start of shipment, the company remains open to comments or suggestions from the town."

Truro Mayor Bill Mills said Friday he didn’t want to say much about the company’s decision until the letter had been read publicly and discussed by town councillors at next week’s meeting.

But he’s pleased with the result.

"To me it shows co-operation, that the company listened to the concerns of the community and council," Mr. Mills said. Town and company officials met earlier this month to discuss the issue.

DDV Gold, a subsidiary of Australia-based Atlantic Gold NL, is working its way through government regulations in hopes of launching the Touquoy Gold Project, an open-pit mine in Moose River, by 2009. The company had originally proposed transporting cyanide from Memphis, Tenn., to Truro by rail and then transferring it to a truck.
 
The Chronicle Herald
www.thechronicleherald.ca
Published: 2008-03-12

Voice of the people

Poisonous convoy
Re: news that Truro’s industrial park won’t be used as a transfer point for cyanide shipments from DDV Gold. What a relief for Truro citizens! Congratulations to Truro Mayor Bill Mills and council for standing up to protect constituents from the risks involved in weekly shipments of 30,000 pounds of deadly cyanide through their town.

Wake up, citizens of Halifax Regional Municipality. Our mayor and council have already approved the passage of these same shipments over our roads to the planned Moose River gold mine.

Are the citizens of HRM somehow less worthy of protection than Truro residents? And where will all this cyanide go? Into our pristine Eastern Shore environment; the same environment the province touted recently as "priceless" when announcing the Ship Harbour Long Lake candidate wilderness area.

And where will all this cyanide mixed with tons of toxic sludge end up? In massive tailing ponds which will empty into Scraggy Lake, among others, which are the head waters of the Fish River system which flows through the same Ship Harbour Long Lake wilderness area before emptying into the Atlantic.

But don’t worry about a thing. Wally Bucknell, head of Atlantic Gold, the Australian company developing the mine, assures us that the effluent will meet "strict federal and provincial guidelines." What a relief. And who will be ensuring these "strict federal and provincial guidelines" are adhered to?
Well, who else but the same Nova Scotia Department of Environment that was so roundly condemned recently by Auditor General Jacques Lapointe for "inadequate, incomplete and ineffective" enforcement of their own guidelines? He further concluded that "inspection processes are not adequate enough to ensure compliance with the Environment Act."

That thought should be enough to give our elected officials some sleepless nights. Aaah, but we can sleep easy; it’s comforting to know the gold mine will have to separate all its trash, recyclables and compostables and could be fined for throwing that old computer keyboard into the woods.

Adrien Blanchette,
Salmon River Bridge, Head Jeddore


Not out of woods
Re: "Controversial plan canned," (March 1). Congratulations to the mayor and town council of Truro for standing up for the safety of Truro residents by rejecting the transfer of cyanide from train to truck. If only HRM and the province took their responsibilities to protect their citizens as seriously.

Just one little problem, though. DuPont, the manufacturer of cyanide, states that trains are the preferred method of transporting cyanide, as trucks are 16 times as likely as trains to have accidents. So DDV Gold, proponent of an open-pit gold mine, has just increased the cyanide trucking route from about 115 km to over 3,000 km to get the cyanide from Memphis, Tenn. to Moose River.

Truro may be out of danger, but much of Nova Scotia will now fall within the danger zone, as the cyanide trucks delivering 1.3 million pounds of cyanide roll over our highways and country roads for at least five years.

Since DDV Gold changed its cyanide transport plan to this far more dangerous one several weeks after the minister of Environment approved DDV’s environmental assessment, that approval should now be reviewed in the light of this change of plan, which could have serious implications for both human and environmental health.

Barbara Markovits,
Clam Harbour © 2008 The Halifax Herald Limited
 
The Greenies with there activism towards truro council and trains stopping at truro created the situation where Atlantic gold were forced to use trucks instead of the train option so this situation is entirely the fault of the greenies who are first class stirrers with no common sense whatsoever.
 

Similar threads

R
The Financial Endgame
Replies
18
Views
9K
qldfrog
qldfrog
Top