Aug 28 2013
Lupaka Gold Corp. ("Lupaka Gold" or "the Company") announces that it has received approval of a Category II Environmental Impact Assessment - Semi Detailed (the "EIA-SD") for the Crucero Gold Project from the Ministry of Energy and Mines of Peru.
Approval of the EIA-SD allows the Company to continue and potentially to expand its exploration of the Crucero Gold Project, and provides a framework under which the Company is able to apply for additional drill pad and road construction permits as required for its exploration activities. The EIA-SD also provides a streamlined permitting process. The Company had previously been operating under an initial exploration permit (granted under a previous Category I Environmental Impact Statement), completing 22,959 metres of drilling at Crucero since acquiring the project in 2010.
The EIA-SD was approved after the Company submitted archeological, environmental and socioeconomic baseline and water studies, and completed various public comment processes. In addition, the EIA-SD recognizes that the Company fulfilled all of the required remediation and reclamation for our previous exploration activities. The application for the EIA-SD was filed in late 2012.
Mr. Eric Edwards, President and CEO of Lupaka Gold commented, "The EIA-SD approval is a major milestone for the Company in that it provides a foundation for our future permits and the framework for regulatory approval of our planned exploration activities at Crucero. Together with our recently signed 4-year community agreement and other family agreements, we have a clear endorsement of our activities at Crucero to date."
For 2013, planned exploration work at Crucero is focussed on new discoveries in the exploration anomalies to the north and the east of the A-1 Zone gold resource. The Company is actively exploring in the field to identify near-term drill targets within the 10 exploration anomalies identified to date at Crucero.
Qualified Person
William Burstow, Lupaka Gold's consulting geologist and a "qualified person" as defined by NI 43-101, has reviewed and approved the scientific and technical information contained in this news release, and has verified the data disclosed in this news release, including sampling, analytical and test data underlying the information or opinions contained in this news release.
Source: http://www.lupakagold.com/