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Anfield Gold receives key permits regarding Coringa Mine project

Published by
Global Mining Review,

Anfield Gold Corp. has announced that it has received permits required to construct the Coringa Project.

The company required the license of operation for exploration and trial mining, the vegetation suppression permit and fauna capture permit issued by the Secretaria de Estado de Meio Ambiente e Sustentabilidade (“SEMAS”), all of which it has now received.

The SEMAS permits contain a list of conditions for the conservation and protection of fauna and flora. In addition, the company must follow safety requirements concerning: fuel storage, waste storage, transportation, storage and use of explosives; as well as avoiding damage to water drainage, archaeology, and worker health. The company is also required to submit regular reports on operational, environmental, and social performance. These conditions and requirements will be met as part of normal course operations.

Anfield now require the issuance of a trial mining licenses from the Departamento Nacional de Produção Mineral (“DNPM”), which will authorise the Company to commercialise production from Coringa. Anfield expect the DNPM’s approval will be received in time for the construction of the project. The trial mining licenses authorize mill feed processing of up to 50 000 t of ore per year at the Project. Under applicable regulations, once the mine is operational, the Company may apply to the DNPM to increase the processing limit.

Anfield is developing Coringa continually, and has made good progress in several areas, such as the applications for required water and tailings storage permits, which are fast approaching completion. Long term land access agreements are in the discussion stage with the Instituto Nacional de Colonização e Reforma Agrária (INCRA), which is a Brazilian agency that claims ownership of the surface rights where the project is situated. In addition, Anfield will submit its Environmental Impact Study before the end of 2017. The submission of this study will begin the permitting process for the Coringa project’s necessary operating license, with this Anfield will be able to operate at its planned mill feed capacity of approximately 460t of ore per day.

Anfield has the necessary management and technical experience to complete the construction of the processing plant, mine and ancillary facilities and anticipates that all construction activities at Coringa could be completed within a year. Anfield is currently considering financing alternatives while continuing to advance the Project towards a construction decision. As of 30 June, 2017, the Company had approximately CAN$14 million of cash on hand.

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