Announcement Date: 2022-07-05
Announcement Type: EIA/ESIA
Announcement Code: NI43-101
Company name: Rio2 Ltd.
Project name: Fenix
Location: Chile
Commodities: Gold
Highlight: Fenix Gold Project EIA is not approved
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, BC – Rio2 Limited (“Rio2” or “the Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) and its Chilean subsidiary, Fenix Gold Limitada (“Fenix Gold”) announce that the Regional Evaluation Commission which includes 12 governmental institutions has voted for not approving the Environmental Impact Assessment (“EIA”) for its Fenix Gold project in Chile. Following this decision, the Company will work on evaluating its options and decide on an action plan. Once the action plan is completed, the Company will announce how it intends to execute it and provide the revised timeline. It is important to highlight that Fenix Gold remains with the conviction that it has provided enough technical information and studies to obtain a favorable EIA decision. This is well supported by the position from the Environmental Assessment Service (“SEA”) with the following favorable key considerations
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