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Adventus and Salazar Announce Purchase of Construction Camp Facilities for El Domo Project and Provide Status Update on Feasibility Study Activities14.07.2021 | 12:45 Uhr | CNW
TORONTO, July 14, 2021 - Adventus Mining Corp. ("Adventus") (TSXV: ADZN) (OTCQX: ADVZF) and Salazar Resources Ltd. ("Salazar") (TSXV: SRL) (collectively the "Partners") are pleased to announce that a binding letter of intent has been issued for the purchase of a worker housing facility for the future construction of the El Domo project in Ecuador. In anticipation of the El Domo feasibility study completion in the fourth quarter of 2021 (the "Feasibility Study"), the Partners are continuing to advance detailed planning for the final engineering design and mine construction commencement beginning in 2022. The opportunity to advance-purchase construction camp facilities aligns with the El Domo development strategy and will provide housing for personnel during the construction and commissioning phases of the mine. The camp is a previously-owned facility, having most recently been used for the construction of a bridge near the Fruta del Norte mine in southeastern Ecuador. The El Domo Feasibility Study continues to progress on budget and on schedule for completion in the fourth quarter of 2021. Adventus' Vice President of Projects, Dustin Small, commented, "We are very encouraged by the work completed on the Feasibility Study to date, and look forward to sharing the final results later this year. We are putting in significant effort now to enable Adventus to be in a position to immediately proceed with the execution phase of the project upon successful completion of the study." Following finalization of the purchase contract expected in July, the camp facilities will be disassembled and warehoused in Quito until such time as it is required for the construction of the mine. The labour strategy for the construction phase of the project is to maximize the employment of skills and labour in the communities surrounding the El Domo deposit and greater Curipamba project area in central Ecuador. This approach was chosen to develop and support the local economy, and also provides logistical benefits to the project such as minimizing the camp size required to house non-local members of the workforce. Following are some highlights of the work completed on the Feasibility Study to date:
Qualified Persons The previously published NI 43-101 Technical Report summarizing the results of the El Domo PEA is available on SEDAR with an effective date of June 14, 2019. A summary of the PEA results is also available in a news release dated May 2, 2019. About Adventus About Salazar Neither the 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 news release. This press release contains "forward -looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking information herein includes, but is not limited to, statements that address activities, events or developments that Adventus and Salazar expect or anticipate will or may occur in the future. Although Adventus and Salazar have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Adventus and Salazar undertake to update any forward-looking information except in accordance with applicable securities laws. SOURCE Adventus Mining Corp. Contact from Adventus, please contact Christian Kargl-Simard, President and Chief Executive Officer, at 1-416-230-3440 or christian@adventusmining.com. Please also visit the Adventus website at www.adventusmining.com.; For further information from Salazar, please contact ir@salazarresources.com. Dieser Artikel stammt von Rohstoff-Welt.de
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