Sulliden provides update on Shahuindo Project permitting
TORONTO, March 14, 2013 /PRNewswire/ - Sulliden Gold Corporation Ltd. ("Sulliden", or the "Company") (TSX: SUE) (BVL: SUE) (OTCQX: SDDDF) provides the following permitting update for its Shahuindo Project in Peru.
Sulliden is pleased to report that on March 13, 2013, it successfully held and completed the final public audience as part of the Environmental and Social Impact Assessment ("ESIA") process. The meeting was moderated by the Federal Ministry of Energy and Mines ("MINEM") and all stakeholders were invited to participate. The Company had strong community participation with well over 2,000 attendees. The completion of this public meeting marks the last required step prior to the ESIA approval.
Sulliden would like to express its sincere gratitude to all the communities and participants who attended the assembly. The Company greatly values the input and continued participation of all its stakeholders.
On December 17th, 2012, Sulliden submitted its Environmental and Social Impact Assessment to the MINEM as part of the permitting process for its Shahuindo project. The ESIA was the result of over 18 months of technical studies, including a comprehensive water management plan, the feasibility study, archeological studies, flora and fauna studies, mine closure planning, social baseline studies, and results from several months of public consultations with local communities, which were conducted by the DREM (Regional Direction of Energy and mines, Cajamarca) on behalf of the MINEM. Following the approval of the public consultation process, the MINEM scheduled the final public audience on March 13, 2013, at the Shahuindo site.
Sulliden Gold Corporation Ltd. is a Canadian development-stage company focused on bringing to production its low-cost gold and silver project located in a prolific gold belt in northern Peru. Since 2009, the Company has delivered two mineral resource updates, completed a Preliminary Economic Assessment and Feasibility Study, and is now in the advanced stage of permitting. Sulliden is listed on the Toronto (TSX) and Lima (BVL) stock exchanges under the symbol "SUE", as well as the premier tier of the U.S. Over-the-Counter (OTC) market (OTCQX) under the symbol "SDDDF". For more information about Sulliden, please visit www.sulliden.com.
On behalf of Sulliden Gold Corporation Ltd.:
|Chairman & CEO||
Caution regarding forward-looking information:
This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes without limitation, statements regarding the impact of the public audience on the permitting process and the expected timing and likelihood of success, the size and quality of the company's mineral resources, progress in development of mineral properties, future capital and operating expenses, future metal prices, the future financial or operating performance of the Company, the prospective mineralization of the properties, planned exploration programs and anticipated production schedule. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE Sulliden Gold Corporation Ltd.