Finlay Minerals reports 2024 field work on its PIL property in British Columbia
Cascadia has met the year three exploration work requirements and the PIL option agreement remains in good standing.
The Regional Government of Huancavelica in central Peru approved Kuya Silver’s Semi Detailed Environmental Impact Assessment for a processing plant to be installed at the Bethania project.
This is the first-ever on-site processing plant in Bethania, a silver mine that has been in operation for over 40 years but which was placed on care and maintenance in 2016. The EIA approval covers a plant design for 350 tonne-per-day crushing, grinding and flotation circuits, as well as a tailings storage facility and ancillary infrastructure.
Located at the heart of the silver-zinc-lead belt in Central Peru, Bethania produces a high-grade sulphide ore from several veins in a structurally controlled swarm
“The approval of the EIA for the Bethania project is a major accomplishment by our Peruvian team and partners, and for Kuya,” David Stein, founder and president of Kuya, said in a media statement.
“I would like to acknowledge the support of the Poroche community, which has been important in achieving this milestone. Not only is the permit a critical step in restarting production from the Bethania project, but our team and stakeholders can take pride in our design for a modern, environmentally conscientious operation, particularly in terms of water usage, surface disturbance and overall efficiency.”
S&L Andes Export SAC, the company that owns the project and Kuya’s local joint venture entity, was in charge of dealing with the EIA.
At present, Kuya is bound by a purchase agreement to acquire an 80% interest in S&L Andes. This purchase is expected to take place once fellow Canadian miner Miramont Resources (CSE: MONT) completes a proposed acquisition of all of the issued and outstanding shares of Kuya in exchange for shares of the company.
According to Miramont, the resulting entity will be in a position to purchase the remaining 80% interest in S&L Andes.
Located at the heart of the silver-zinc-lead belt in Central Peru, Bethania produces a high-grade sulphide ore from several veins in a structurally controlled swarm. Although 60% of the value is contained in silver, the veins also host recoverable lead, zinc, copper and gold.
