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Zonte Metals updates legal progress on the Gramalote Target Application, Colombia
BEDFORD, NS, April 12, 2016 /CNW/ - As announced in a press release dated November 19, 2015, Zonte, with a Colombian Partner (together the "Partners"), made app
About this update from Zonte Metals Inc.
[{"type":"text","content":"BEDFORD, NS, April 12, 2016 /CNW/ - As announced in a press release dated November 19, 2015, Zonte, with a Colombian Partner (together the \"Partners\"), made application for open ground within the Gramalote Deposit which is a gold deposit in Colombia subject to a joint venture between AngloGold Ashanti (NYSE: AU) and B2Gold (TSX: BTO), (NYSE: BTG). The application is subject to review by the Secretaria de Minas, Department of Antioquia, Colombia (\"Secretary of Mines\") who has previously acknowledged that the area under application includes open ground, but, as of this date, has denied issuing the title. The Partners' Legal counsel remains convinced that the application has not been processed in accordance with the Colombian Mining Code and continues to seek a resolution on behalf of the Partners. A map of the open ground covered by the application and the location of the open ground relative to the Gramalote Deposit is illustrated with this release or at http://www.zontemetals.com/projects/colombia/ The Partners have made several requests that the application be processed in accordance with the Mining Code, however, according to the Partners' legal counsel, the Secretary of Mines, has either not responded to such requests or provided reasons inconsistent with the Mining Code that could be considered to favour certain third parties at the expense of the Partners. The Partners' legal counsel is comprised of a team of lawyers from a legal firm and an independent legal advisor; the latter being the former head of the Secretary of Mines, Department of Antioquia, whom is well versed in all matters related to mineral applications and titling. The Partners have worked through various steps required to proceed to \"Special Court\". What is understood to be the last step in the process, referred to as a \"conciliatory meeting\", has now been scheduled with the Secretary of Mines for April 28, 2016. At the this meeting, the Partners' legal counsel will repeat its' request that the application be processed in accordance with the Mining Code, however, should the Secretary of Mines maintain its irregular stance, the Partners will then proceed to \"Special Court\". At the \"Special Court\" level the Partners will finally have the legal right to request that the application be processed according to the Mining Code as well as iden...