Business
Atico Mining Announces EIA approval for its 100% owned La Plata Project in Ecuador
VANCOUVER, British Columbia, May 19, 2022 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is pleased to announ
About this update from Atico Mining Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, May 19, 2022 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is pleased to announce that it has received approval of the Environmental Impact Assessment (“EIA”) for the construction and operations of its La Plata mining project located in Ecuador (the “La Plata project”). The La Plata project has been identified by President of Ecuador, Guillermo Lasso as a strategic project and a component of the country’s reactivation plan. As a part of this plan, President Lasso has committed to accelerating the restart of the country’s economy by leveraging the potential of its mining industry while positioning Ecuador as a major mining investment destination in Latin America. The EIA baseline process started over 3 years ago and involved independent environmental experts as well as qualified professionals mostly from Ecuador, Canada, Peru as well as from our El Roble mine operation which has been recognized as one of the safest mines in Colombia. The La Plata project plan consists of a 900 tpd underground mining operation with state of the art infrastructure, the most significant infrastructure being the construction of a filtered tailings facility a first of its kind in Ecuador. This technology, already used at our El Roble mine in Colombia, allows for efficient use of water by significantly reducing water consumption through recirculating almost all of the water needs for the processing plant. Mr. Alain Bureau, President of Atico Mining stated, “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 towards allowing the Company to begin construction of the new process plant facility. This approval enables the Company to advance on its normal course in order to complete the underlying licences and secondary permits necessary. The La Plata project also includes the upgrade of other infrastructures including the upgrade...