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Alio Gold Gets Land-Use Approval For Ana Paula Project

Kitco News

Mexico’s secretary of environment and natural resources has approved an application to change the land use for Alio Gold Inc.’s (TSX, NYSE: ALO) Anna Paula project, the company says. “Obtaining approval for our change-of-land-use application is the second major milestone in the permitting of Ana Paula after approval of our environmental impact assessment back in April,” says Greg McCunn, chief executive officer. “As we launch an exciting exploration initiative to enhance the already robust economics of Ana Paula, we are also continuing to move the project forward towards an investment decision in the second quarter of 2018. Now that major permitting milestones are behind us, our focus is on completing the definitive feasibility study and arranging project financing.”

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