Mar 26 2019
INV Metals Inc., an international mineral resource company, has provided an update on the fully owned Loma Larga property, situated in Ecuador.
The company has reported that the proposed processing and tailings facilities will be relocated beyond Girón canton. The engineering work needed to locate these processing and tailings facilities in the same canton as the Mineral Resources and Reserves will be continued by INV Metals.
Loma Larga will continue to advance towards development. We thank our employees for their hard work, as well as the Ministry of Energy and Nonrenewable Resources and our local communities for their previous and ongoing support.
Ms. Candace MacGibbon, CEO, INV Metals Inc.
In addition, INV Metals Inc. has reported that the outcomes of the referendum conducted in Girón canton on March 24th, 2019 was not in favor of mining activities in the canton. Moreover, Girón canton is a neighboring jurisdiction which lacks the Loma Larga Mineral Resources and Reserves. Additional legal clarification on the outcome and the possible implications will be pursued by INV Metals.