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Andean American Mining: Invicta Project Update
Andean American Mining: Invicta Project Update
About this update from Regulus Resources Inc
[{"type":"text","content":"\nAndean American Mining: Invicta Project Update\n\n\n May 27, 2009 (Filing Services Canada) -- Andean American Mining Corp. (AAG - TSX Venture, AQN - FWB), is pleased to report that Guy Lokhorst, P.Eng. and independent Qualified Person, has recently completed his site visit to the Invicta Project located in West-Central Peru approximately 250 kilometres by road northeast of the city of Lima. The Lokhorst Group Ventures Inc. was contracted as the lead consultant for an audit of the feasibility study which has been completed by internal geological staff and external consultants as announced in the news release dated April 30, 2009. In addition, the Lokhorst Group has completed a detailed document review for all the supporting studies including the following components:* Planning * Economic Modeling and Sensitivity Analysis * Basic Engineering* Metallurgical Studies* Resource Modeling* Mining Methodology* Capital Costs* Environmental Impact Assessments* Community Agreements* Commercialization Proposals* Infrastructure and Access, including Rights of Way* Water Management* Waste Management * Pit Development * Underground Development* Site Facilities* Mine Reclamation and Mine Closure* Personnel and Mine Organization* Project Organization * Project Construction ScheduleBased on the advanced status of all project areas, the Lokhorst Group has confirmed that the feasibility study will have an early completion date of June, 2009. Their May 24th progress report indicated completion of all initial reviews and approximately 50% completion on the detailed reviews. The Company will file the feasibility study on SEDAR upon receipt.The Environmental Impact Assessment for the project is on a parallel track and also nearing completion in the month of June. The Company received approval of its Environmental Impact Assessment Executive Summary from the Ministry of Energy and Mines, Peru, at 5000 tpd (tonnes per day). The project will meet or exceed the industry standards in environmental protection and in establishing good relations with the communities around the Invicta site. On behalf of Andean American Mining Corp.\"John Huguet\"John HuguetChairman & CEOAndean American Mining Corp. (TSX.V:AAG) (FWB:AQN) is an international mining and exploration company focused on growth. The Company is actively pursuing new targets of potential early stage g...