Forte Minerals Receives Environmental Impact Statement (DIA) Approval for its Esperanza Porphyry Cu-Mo Project in Southern Perú

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[{"type":"text","content":"Forte Minerals Receives Environmental Impact Statement (DIA) Approval for its Esperanza Porphyry Cu-Mo Project in Southern Perú\n \n \n (NewsDirect)\n \n \n \n Forte Minerals\nCorp\n \n .\n \n (\n \n “\n \n Forte\n \n ”\n \n \n or the\n \n \n “\n \n Company\n \n ”\n \n ) (\n \n \n \n CSE:\nCUAU\n \n \n \n ) (\n \n \n \n OTQB:\nFOMNF\n \n \n \n ) (\n \n \n \n Frankfurt:\n2OA\n \n \n \n )\n \n is pleased to announce receipt of the\nEnvironmental Impact Statement (“\n \n DIA\n \n ”) approval for its\n100% owned Esperanza porphyry Cu-Mo project (“\n \n Esperanza\n \n ”)\nlocated in the department of Arequipa, in Southern Perú. The Company\nis delighted to be awarded the DIA approval by the Peruvian Ministry\nof Energy and Mines (“\n \n MINEM\n \n ”) after more than two years of\nenvironmental baseline studies, archeological assessments, social\nengagement, and government processing. The DIA is an extensive\nenvironmental authorization that enables the Company to drill up to 40\nplatforms over a 5-year timeline. The final drill permit will be\ndelivered by MINEM upon completion of the prior consultation process\n(Consulta Previa) with the local indigenous communities.\n \n \n Esperanza is an\nearly-stage porphyry Cu-Mo prospect located in southern Perú, roughly\n180 km northwest of Arequipa. The project consists of 4000 ha of\nmineral concessions 100% owned by Forte’s Peruvian subsidiary, Amaru\nResources S.A.C. (“\n \n Amaru\n \n ”). The prospect occurs within a\nmagmatic arc composed of late Cretaceous to early Paleocene plutons\ntraceable from Perú’s southern border to at least 200 km to the\nnorthwest of Arequipa. The Paleocene component of the magmatic arc\ndefines the Southern Perú Copper Belt, known to host several giant\nporphyry Cu-Mo deposits, including Cerro Verde, Quellaveco, Cuajone\nand, Toquepala (Figure 1).\n \n \n \n GlobeTrotters Resources Perú S.A.C. ('GlobeTrotters')\ninitially identified the Esperanza porphyry as part of their regional\ngenerative exploration program, targeting porphyry Cu-Mo systems along\nthe extension of the Paleocene magmatic arc, extending northwest from\nCerro Verde. Geological mapping, outcrop geochemical sampling and\ngeophysical surveys completed by GlobeT...

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