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Timmins Gold Corp.
Summary
| Project: | Ana Paulo | |
|---|---|---|
| Deposit: | Ana Paulo | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 4/10/2017 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 10-4-2017: Timmins Gold Corp. announces an EIA/ESIA report for its Ana Paulo deposit at the Ana Paulo project. Environmental approval received from SEMARNAT for the Ana Paula project. Timmins Gold Corp. (TSX: TMM, NYSE MKT: TGD) (“Timmins Gold” or the “Co | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Timmins Gold Corp. (TSX: TMM, NYSE MKT: TGD) (“Timmins Gold” or the “Company”) announces that it has received authorization of the Environmental Impact Assessment (MIA) for its high-grade, high-margin Ana Paula Project located in Guerrero, Mexico. The regulator (SEMARNAT) has outlined the environmental protection programs required during construction of the project which are normal and in-line with expectations. Timmins CEO, Greg McCunn, commented: “This is a major de-risking step in the advancement of our Ana Paula Project. Receiving the approval of the MIA from SEMARNAT adds to our confidence in executing the project in accordance with our timeline. We expect to publish our Pre-Feasibility Study for the project later this quarter which will substantially improve upon our confidence in the mineral resource, the metallurgy and the project economics.” Following the acceptance of the MIA, the Company anticipates beginning a series of applications for the Change of Land Use (ETJ) Permits which are the final permits required for the construction of the mine. The Company expects to complete the permitting and feasibility study work over the next 12 months in advance of construction starting in Q2 2018. | |
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