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Adventus Mining and Salazar Provide a Development Update for the Curipamba-El Domo Copper-Gold Project
Adventus Mining and Salazar Provide a Development Update for the Curipamba-El Domo Copper...
About this update from Salazar Resources Limited
[{"type":"text","content":"\n \n \n \n Adventus Mining and Salazar Provide a Development Update for the Curipamba-El Domo Copper-Gold Project\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Sept. 12, 2022\n \n \n /CNW/ -\n \n Adventus Mining Corporation\n \n (\"Adventus Mining\") (TSXV: ADZN) (OTC-QX: ADVZF) and\n \n Salazar Resources Limited\n \n (\"Salazar\") (TSXV: SRL) (OTC-QX: SRLZF) (collectively the \"Participants\") are pleased to provide a technical update on development progress for the Curipamba - El Domo copper-gold project in central\n \n Ecuador\n \n (the \"Project\"). The 2022 work program continues to advance all facets of the Project from the feasibility study and environmental and social impact assessment (\"ESIA\") completed in the fourth quarter of 2021.\n \n \n \n \n \n \n \n \n \n \n \n Mining Contract Agreement\n \n \n \n \n The Participants have signed a Letter of Intent (\"LOI\") for the award of a mining and construction contract to a joint venture between STRACON S.A., a well-established Peruvian mining contractor with operations throughout\n \n Latin America\n \n , and RIPCONCIV, a large and respected Ecuadorian infrastructure construction contractor (\"STRACON-RIPCONCIV JV\"). The LOI allows the parties to immediately commence activities relating to local community-targeted training and employment, constructability reviews, logistics studies, and execution planning. These are value-add activities which directly support the Participants' plan to formally commence construction of the Project in the second quarter of 2023.\n \n \n A definitive agreement is expected to be executed in the fourth quarter of 2022, which will be structured in an alliance-partnership model to ensure focus on the best solutions for the Project while ensuring that risks are allocated to the parties best equipped to manage and mitigate. The STRACON-RIPCONCIV JV will be responsible for the successful construction of the open pit, tailings facilities, and associated mine infrastructure as well as the f...