VANCOUVER, British Columbia, May 02, 2018 (GLOBE NEWSWIRE) -- Candelaria Mining Corp. (TSXV:CAND) (OTC PINK:CDELF) (the “Company”) announces it has received authorization of the Environmental Impact Assessment (MIA) for its Epithermal gold Pinos Project located in Zacatecas, Mexico. The regulator (SEMARNAT) has outlined the environmental protection programs required during construction of the project which are normal and in-line with expectations. Furthermore, the Company previously received authorization for the Change of use of soil permit (ETJ) for this project.
Curtis Turner, Chief Executive Officer of the Company states, “We are pleased to have received the necessary permits for Pinos project. This completes an important step which will provide us with an option on further developing this project which is low capital and could provide cash flow for our organization. We will continue to determine how to advance this project within our portfolio of projects in the Company.”
Project overview
The Pinos Project is located in the municipality of Pinos, Zacatecas state in north-central Mexico near the town of Pinos, Zacatecas. The Property lies 405 air-kilometres northwest of Mexico City and lies 67 km west-northwest of the city of San Luis Potosí, 113 km east-southeast of the city of Zacatecas, and 85 km northeast of the city of Aguascaliente. The Company currently owns 60% of the Pinos Project.
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