Ms. Candace MacGibbon reports
INV METALS PROVIDES UPDATE ON THE LOMA LARGA PROJECT
INV Metals Inc. has provided an update on the 100-per-cent-owned Loma Larga property located in Ecuador.
The company reports that it will relocate the proposed processing and tailings facilities outside of Giron canton. INV Metals will continue the engineering work required to locate the facilities in the same canton as its mineral resources and reserves.
Candace MacGibbon, chief executive officer, stated: "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."
The company also reports that the result of the referendum held in Giron canton on March 24, 2019, was not in favour of mining activities in the canton. Giron canton is an adjacent jurisdiction, which does not contain the Loma Larga mineral resources and reserves. INV Metals will seek further legal clarification on the result and the potential implications.
All scientific and technical information contained in this press release has been reviewed, verified and approved by Bill Shaver, PEng, a mining engineer and the company's chief operating officer and qualified person under National Instrument 43-101.
About INV Metals Inc.
INV Metals is an international mineral resource company focused on the acquisition, exploration and development of precious and base metal projects in Ecuador. Currently, INV Metals' primary assets are: (1) its 100-per-cent interest in the Loma Larga gold exploration and development property in Ecuador, and (2) its 100-per-cent interests in exploration concessions in Ecuador, including the Las Penas, Tierras Coloradas, La Rebuscada and Carolina exploration projects.
We seek Safe Harbor.
© 2020 Canjex Publishing Ltd. All rights reserved.