AndeanGold Ltd. announced that its Peruvian subsidiary, PeruGold Resources (PGR), submitted an Environmental Impact Declaration that has been officially approved by Peru’s Ministry of Energy and Mines.
In accordance to this, drilling in Phase I of Rio Seco Project (in La Libertad region), might start next week.
PGR has signed an agreement with A. K. Drilling International S.A., based in Lima, Peru, for a 1,400 metre reverse circulation drilling program.
PGR is also in the final stages of signing an agreement with the surface owner of the Rio Seco Project area, which also owns the water channel that runs through the Project.
Rio Seco Project is a gold property of approximately 3,325 hectares with associated silver and copper deposits, located in the Department of Libertad, Peru.
AndeanGold Ltd. is engaged in the acquisition, exploration and potential development of primarily precious metals properties, principally in Peru and Ecuador.
(Condensed from MarketWire).
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