VANCOUVER, British Columbia, Might 19, 2022 (GLOBE NEWSWIRE) — Atico Mining Company (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is happy to announce that it has acquired approval of the Environmental Affect Evaluation (“EIA”) for the development and operations of its La Plata mining undertaking positioned in Ecuador (the “La Plata project”).
The La Plata undertaking has been recognized by President of Ecuador, Guillermo Lasso as a strategic undertaking and a element of the nation’s reactivation plan. As part of this plan, President Lasso has dedicated to accelerating the restart of the nation’s economic system by leveraging the potential of its mining business whereas positioning Ecuador as a serious mining funding vacation spot in Latin America.
The EIA baseline course of began over 3 years in the past and concerned unbiased environmental consultants in addition to certified professionals largely from Ecuador, Canada, Peru in addition to from our El Roble mine operation which has been acknowledged as one of many most secure mines in Colombia.
The La Plata undertaking plan consists of a 900 tpd underground mining operation with state-of-the-art infrastructure, essentially the most important infrastructure being the development of a filtered tailings facility a primary of its type in Ecuador. This technology, already used at our El Roble mine in Colombia, permits for environment friendly use of water by considerably lowering water consumption by means of recirculating virtually all the water wants for the processing plant.
Mr. Alain Bureau, President of Atico Mining said, “Our Team is very pleased to announce the receipt of the EIA approval for the La Plata project. This announcement is the culmination of a lengthy scientific process to identify every aspect of the project that could be optimized and provide solutions allowing for a responsible mining operation. We also wish to acknowledge the extensive efforts of our employees, consultants, surrounding communities and the support from the Ecuadorian environmental authorities.”
The approval of the EIA is a key milestone in direction of permitting the Firm to start development of the brand new course of plant facility. This approval allows the Firm to advance on its regular course with a view to full the underlying licences and secondary permits essential. The La Plata undertaking additionally consists of the improve of different infrastructures together with the improve of the entry street, a 69kV powerline and a flotation plant with its filtered tailing services. The GAD and Water Administration Affiliation of the area are presently engaged on water infrastructures initiatives. These water initiatives will allow the improve and modernization of the prevailing water provide services offering a greater high quality of water delivered to operations and the encompassing communities.
Atico Mining’s success and tradition are primarily based on investing in sustainable improvement in communities the place it operates by means of accountable mining with an incredible emphasis on the encompassing atmosphere.
About Atico Mining Company
Atico is a growth-oriented Firm, centered on exploring, creating and mining copper and gold initiatives in Latin America. The Firm generates important money stream by means of the operation of the El Roble mine and is creating it’s high-grade La Plata VMS undertaking in Ecuador. The Firm can be pursuing extra acquisition of superior stage alternatives. For extra info, please go to www.aticomining.com.
ON BEHALF OF THE BOARD
Fernando E. Ganoza
Atico Mining Company
Buying and selling symbols: TSX.V: ATY | OTCQX: ATCMF
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