Bear Creek Mining Corp reports that the process plant construction permit for its Corani silver-lead-zinc project has been granted by the Peruvian Ministry of Energy and Mines (MEM). With this approval, the Corani project is now fully permitted.
The permit authorizes construction of the Corani process plant, waste and tailings co-disposal facilities, water storage system and auxiliary buildings including a laboratory, internal energy system and other complementary structures. Approval of this portion of the Construction Permit follows the company’s receipt of the Mine Construction Permit and Accreditation of Water Availability granted by the MEM and the Ministry of Agriculture, respectively, as announced on May 10, 2018. Together with the approved Corani Environmental Permit (the ESIA), the Accreditation of Water Availability and Construction Permit, now fully approved, pave the way for future development of the Corani mine.
Tony Hawkshaw, President and CEO, states, “We are very pleased to have received the final key permit for construction of the Corani mine. We are currently advancing the Corani project by undertaking Phase 2 Detailed Engineering with the assistance of Ausenco Engineering and by continuing our well-established and productive community and environmental initiatives. Early works projects, including the construction of Corani camp facilities and an access road from the camp to the project area, are expected to commence later this year. Our Board of Directors will consider a Corani construction decision when a compelling project financing structure is arranged.”
The Corani property hosts one of the largest undeveloped silver deposits in the world, with a projected 18-year mine life. The 100% owned Corani silver-lead-zinc project is located in the Department of Puno in southern Peru, approximately 160 km southeast of Cusco, in a sparsely populated high Andean mountain desert environment. The project consists of 12 mineral concessions that form a contiguous block of ground covering approximately 5,700 ha.
