Aguila American Resources Ltd.

Published : November 02nd, 2015

Aguila American Announces Approval of Environmental Impact Assesment in Peru

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Keywords :   Gold | Peru | Recovery |

Aguila American Announces Approval of Environmental Impact Assesment in Peru

Friday, 30 October 2015 00:00

Vancouver, British Columbia - October 30th, 2015: Aguila American Gold Limited ('Aguila' or the 'Company') (TSX-V: AGL) is pleased to announce the acceptance and approval of our environmental impact assessment in Peru.

Earlier this week, in a ceremony presided over by the Regional President for Apurimac and the Regional Director of Energy and Mines, Aguila American Resources Limitada SA, represented by their legal representative, James ('Jimy') Parodi, were presented with the official RESOLUTION DIRECTORIAL ACCEPTING AND APPROVING THE ENVIRONMENTAL IMPACT ASSESSMENT for their wholly owned 'El Triunfo' project, located in the Department of Apurimac, province of Grau, district of Curpahuasi, Peru. This brought to a successful conclusion the process, which began in April 2014. This 18-month process was necessitated by two significant changes to the project during the environment assessment period. Firstly, the Company was able to expand the agreement with the local community of Mollepina from an initial 5 years to 15 years duration, achieved and registered in the Public Registry in April of 2015. Secondly, the project was expanded to allow the full daily capacity of 350 tonnes in the crushing and grinding circuits to be achieved in one shift.

The El Triunfo project is on schedule to have all detailed engineering completed by the end of November 2015 and all final permit requests submitted to the government by that time. The project is aligned very well with the needs of the surrounding communities and the informal miners working in the district. El Triunfo's processing plant will be able to provide well overdue service to over 56 informal mining cooperatives, which are currently producing high-grade gold minerals in El Triunfo's catchment area. Please note that Aguila was the first to formalize communities in the Apurimac Department and has enjoyed and continues enjoying full support from the local and Federal government offices.

The Federal government has estimated greater than 400,000 informal miners are currently operating all over Peru and producing an estimated 220 - 240 tonnes of gold per annum. The formalization process brings these miners into the mainstream and will effect social change for the better, throughout the region.

The full details of the process and final metallurgical results will soon be published, however, the design concepts employed in the El Triunfo plant ensure maximum environmental protection and maximum gold recovery, while maintaining minimum operating costs. As the project will use essentially all local labour, this will greatly enhance and assist with the economic development and employment in the region.


ON BEHALF OF THE BOARD,

'John Huguet'
John Huguet
President and CEO
Aguila American Gold Limited

Aguila American Gold Limited is an emerging gold exploration company with an experienced executive management team focused on advancing and developing their prospective gold project, Angostura. Angostura is located 180 kilometres southwest of city of Cuzco, in the Department of Apurimac, southwestern Peru. Angostura is located in a prolific mineral trend, approximately 25 kilometres from the Las Bambas Mine, a major mining project being developed in the area.

For more information visit www.aguilagold.com

Aguila American Gold Limited
Tel: (604) 685 9316
Fax: (604) 683 1585
http://www.aguilagold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Peru | All
Gold and Silver Prices for these countries : Peru | All

Aguila American Resources Ltd.

EXPLORATION STAGE
CODE : AGL.V
ISIN : CA0086312026
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Aguila American Res. is an exploration silver and gold company based in Canada.

Its main exploration property is ANGOSTURA PERU in Peru.

Aguila American Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 10.1 millions as of today (US$ 7.9 millions, € 6.5 millions).

Its stock quote reached its highest recent level on March 11, 2011 at CA$ 2.80, and its lowest recent point on May 15, 2017 at CA$ 0.03.

Aguila American Res. has 20 599 749 shares outstanding.

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Financings of Aguila American Resources Ltd.
5/19/2011Announces Closing of $5,379,750 Financing Via Short Form Off...
Nominations of Aguila American Resources Ltd.
9/19/2012Appoints Additional Director
Project news of Aguila American Resources Ltd.
2/18/2011(Angostura Peru)Aguila samples 16 g/t at 3 million ounce Gold target in Peru
2/18/2011(Angostura Peru)Completes Work Program on Peru Gold Project
11/30/2006(Angostura Peru)2006 Technical report
Corporate news of Aguila American Resources Ltd.
7/6/2016Aguila American Gold closes non-brokered Private Placement
6/16/2016Aguila American Gold Amends Non-Brokered Private Placement
6/13/2016Aguila American Gold Announces Non-Brokered Private Placemen...
5/3/2016Aguila American Gold Frankfurt Listing
4/27/2016Aguila American Gold Grants Stock Options
3/31/2016Aguila American Gold Announces Closing Of Non-Brokered Priva...
3/31/2016Aguila American Gold Provides Update On Angostura Property, ...
11/2/2015Aguila American Announces Approval of Environmental Impact A...
8/18/2014Aguila Provides Corporate Update
4/24/2013Gold Limited: Angostura Gold Project Drill Program Results
11/8/2012Announces Former Ventana Gold Executive as CEO
10/25/2012Gold Limited: Drilling Commences at Angostura Gold Project
3/5/2012(AGL:TSX-V) Signs Community Agreement and acquires Drill Per...
8/31/2011Gold Ltd. Featured in Gold Report Newsletter
7/22/2011 Growing Global Confidence in the Evolving Poli-Economic Cli...
5/9/2011Signs Community Agreement Proceeds with Drill Permitting
3/3/2011Negotiates More Favourable Terms for Angostura Gold Project
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