William Gibbs, CEO of American Sands Energy Corp. (AMSE), says he expects the state of Utah to grant quick approval for his company to begin mining at the Sunnyside Property Project.
“We currently have under lease at Sunnyside approximately 150 million barrels of bitumen according to an independent resource evaluation. One of the things that’s required for us to open a mine and extract this resource is to have a mine permit in place,” Gibbs says. “We are going to be using underground mining techniques, and one of the things that we needed to do in connection with that is to establish some of the mine characteristics. That includes rock strength, whether there is ground water present in the area and whether there is any sort of hazardous gas like methane. The drilling program was to identify what those characteristics were.”
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Gibbs says American Sands’ permit request is currently under review in Utah. He says management may be called upon to answer some questions, but he does not expect significant delays in the approval process.
“Could there be some environmental groups that object to the permit? We anticipate that there could be, because the environmental groups don’t like oil sands in particular; they try to fight those things on all fronts,” Gibbs says. “But we expect that the permit will be approved. Is it a slam dunk? In mining there is no such thing. But there is a solid track record of approval of these things in Utah.”
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