Torex Gold achieves crucial permitting milestone in Mexico
(Kitco News) - Torex Gold Resources (TSX: TXG) announced Tuesday that the company has received approval from Mexico's Secretariat of Environment and Natural Resources on the amendment of a key environmental permit for its Media Luna project.
According to the company's statement, the approval ("MIA Modification Phase II") allows for construction activities beyond the boundary of the company's existing permit, which is necessary for the continuation of the early works program to access the Media Luna deposit.
Jody Kuzenko, President & CEO of Torex, commented, "We are very pleased to have the approval of the MIA modification in hand, which is a permitting milestone for the execution of our Media Luna early works program. While we had been permitted for early works activities on the north side of the Balsas River, this amendment extends permit boundaries and allows for the construction of key infrastructure on the south side of the river."
Torex is an intermediate gold producer based in Canada, engaged in the exploration, development, and operation of its 100% owned Morelos gold property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometers southwest of Mexico City. The company's principal assets are the El Limón Guajes mining complex and the Media Luna deposit, which is an advanced stage development project.