SolGold announces Environmental Licence granted for Porvenir Project

The Licence, issued under Resolution MAATE-SCA-2025-0012-R by the Ministry of Environment, Water, and Ecological Transition (MAATE), and supported by a phase change declaration to the Advanced Exploration Phase from the Ministry of Energy and Mines, authorises SolGold to undertake a comprehensive suite of advanced-stage exploration activities. These include diamond drilling, trenching, geotechnical investigations, hydrogeological and metallurgical studies, and other related field programmes to support project development.

The Licence covers all four Porvenir Project concessions, totalling 5261 ha. This includes the Cacharposa deposit and nearby porphyry targets such as Diablo, Mula Muerta, Eudis, Barolo, Pamal, and Balmore. Project development activities will proceed under Ecuador’s gran minería (large-scale mining) regime, which governs the development of projects with significant scale and long-term potential.

The approval comes following the successful completion of the Environmental Impact Study and a constructive public consultation process. Local stakeholders expressed support for continued exploration at Porvenir, recognising its potential to bring long-term employment and economic development. SolGold’s established presence in the region, commitment to hiring and training local workers, and strong environmental practices have helped to foster a collaborative, forward-looking relationship with surrounding communities.

Dan Vujcic, CEO of SolGold, commented:

“This licence allows us to advance Porvenir, the cornerstone asset of ExploreCo, into its next phase with momentum. The company has an exciting portfolio of tenements in the southern part of the country, a region which consists of top-tier success stories, namely Fruta de Norte and Mirador. We’re excited to build on the solid geological foundation already demonstrated at Cacharposa and take a technically driven look at how best to achieve its significant potential and to see its value acknowledged in our share price. Over the coming weeks, site visits will be conducted, allowing us to fully evaluate all options and the optimum path forward. The strong support of our Ecuadorian team and local communities has made this possible, and we’re ready to move forward.”

Read the article online at: https://www.globalminingreview.com/environment-sustainability/12052025/solgold-announces-environmental-licence-granted-for-porvenir-project/