The provincial government has released the Valentine Gold Project in central Newfoundland from environmental assessment.
Industry Minister Andrew Parsons made the announcement in the House of Assembly yesterday.
To much applause, Parsons indicated that when completed, the project will be the largest gold mine in Atlantic Canada.
Marathon Gold expects the mine to see up to 400 people employed by the project on an annual basis. It is estimated that the project will contribute $2.9 billion to the provincial GDP.
