BRIEF

on Solitario Resources Corp. (NASDAQ:XPL)

Solitario Resources Corp Gains Approval for Golden Crest Project Drilling

Stock price chart of Solitario Resources Corp. (EBR:XPL) showing fluctuations.

Solitario Resources Corp announced today that the U.S. Forest Service (USFS) has approved the proposed drilling program for its Golden Crest gold project in South Dakota. This approval was granted following a rigorous two-year environmental study, resulting in a Decision Notice (DN) and a Finding of No Significant Impact (FONSI) under the National Environmental Policy Act.

According to Solitario's President and CEO, Chris Herald, this decision allows the company to proceed with its plans to test several high-potential gold targets starting June. Herald emphasized the study's conclusion that the project would not cause significant environmental impacts and praised both the company’s staff and the USFS for their efforts in an inclusive process protecting all stakeholders.

Despite some local public misinformation about mineral exploration, the company expressed confidence in demonstrating the environmental safety and economic importance of its activities on public lands. The DN from the USFS marks a critical milestone for Solitario's Golden Crest Plan of Operations, with several administrative steps yet to be completed before starting the actual drilling process.

R. H.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Solitario Resources Corp. news