Announcement Date: 2022-05-31
Announcement Type: EIA/ESIA
Announcement Code: NI43-101
Company name: Adventus Mining Corp.
Project name: Curipamba
Location: Ecuador
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: ESIA technical approval received
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, May 31, 2022 – Adventus Mining Corporation (“Adventus Mining”) (TSX-V: ADZN, OTCQX: ADVZF) and Salazar Resources Limited (“Salazar”) (TSXV: SRL) (OTCQX: SRLZF) (collectively the “Participants”) are pleased to announce that the Curipamba-El Domo Project (“El Domo”) has received technical approval of the Environmental and Social Impact Assessment (“ESIA”) from the Ministry of Environment and Water of Ecuador (“MAATE”). In addition, the Ministry of Energy and Mines of Ecuador has issued the Certificate of Technical Feasibility for the construction of the El Domo tailings and waste rock facilities, which is a key requirement for the environmental licence from MAATE. El Domo has been identified by the Government of Ecuador as a strategic project that will provide important economic investment opportunities for the country. Key benefits for Ecuador include the employment of a substantial construction workforce during the project development phase and approximately 400 permanent jobs during operations. An estimated total of US$376 million in taxes and royalties are expected to be paid to the government of Ecuador over the 10-year mine life outlined by the completed feasibility study on El Domo, which does not include the additional development of underground resources – see October 26, 2021, news release.
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