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Atico Mining Receives Approval of EIA for Construction and Operation of 69 kV Powerline and Substation at La Plata Project, Ecuador
VANCOUVER, British Columbia, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is pleased to annou
About this update from Atico Mining Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 12, 2023 (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, operation, maintenance and closure of the 69 kV powerline and substation required for its 100% owned La Plata mining project in Ecuador (the “La Plata project”). The Environmental Ministry of Ecuador, known as “Ministerio del Ambiente, Agua y Transición Ecológica” (“MAATE”) has reviewed and delivered a favorable technical review for the 6.5 km powerline that will power the operations of the La Plata project. The La Plata project has been identified by the President of Ecuador, Guillermo Lasso as a strategic project and a component of the country’s economic growth strategy. The EIA baseline process for the powerline started over 2 years ago when Atico signed an agreement with the country’s National Electricity Corporation (CNEL). CNEL along with the Company’s team, independent environmental experts as well as qualified professionals were responsible for delivering the complete design, network integration and permitting of the powerline. The powerline allows the interconnection of the La Plata Project’s substation to the existing La Palma substation which will integrate the La Plata project to the national power grid. Mr. Alain Bureau, President of Atico stated, “We are very pleased to announce the receipt of the EIA approval allowing the La Plata project to be connected to the national power grid. This approval is the result of a systematic review of all aspects and benefits this project brings to the region and another significant step towards construction.” Mr. Alain Bureau continued, “I would like to thank CNEL and Atico’s engineers and technicians for their tremendous teamwork and for delivering a study of such high quality.” 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 to complete the environmental hearings as per the Country’s legislations while the Company remains confident all permits, and public hearings, will be completed during 2023. La Plata Project Gold-bearing sulphide mineralization at La Plata occurs as comp...