The company said that this is the result of a new Government regulation which has now given environmental certificates a validity period of up to 5 years.
Candente Copper (TSX:DNT) has been advised that a recent change in Government regulations in Peru may allow the company to re-initiate drilling under the permit originally approved in August 2014.
The company said that this is the result of a new Government regulation which has now given environmental certificates a validity period of up to 5 years. The company has requested confirmation from the ministry of energy and mines and the mining environment affairs office that this Government regulation does apply to the company’s 2014 drilling permit.
President and CEO of Cadente, Joanne Freeze said:
“This change in Government regulations is much welcomed news as it would significantly reduce the timeline for drilling to be re-initiated. It would also enable the company to focus on a new land access agreement with the Cañaris community, which is required prior to drilling. In addition, an extension to our 2014 drilling permit would allow the ministry of energy and mines and the ministry of culture to start planning their Consulta Previa process for this area, which is also required prior to drilling.”