Mining Permit Granted At Lindero Gold Deposit
VANCOUVER, BC - Mansfield Minerals Inc. has received notice from the Salta Provincial Government that it has granted the environmental permit allowing the Company to develop the Lindero open pit, heap leach gold mine. This is the primary permit required for project development. Lindero is the first bulk tonnage open pit gold deposit to be permitted in Salta Province.
Work on the bankable feasibility study is ongoing with completion anticipated by Q1 - 2012.
Different production options are being assessed from a standard 10 year life of mine production plan to more selective mining approaches that would allow for initial processing of higher grade ore at reduced throughput, to reduce initial capital cost, followed by scaling up of the operation utilizing the early project cash flow. This strategy, if pursued, would reduce the initial project financing requirement and the associated capital risk and payback period. On completion of the bankable feasibility study in early 2012, Mansfield believes the deposit could progress to production by Q4 - 2013.
The company's address is Suite 922, 510 West Hastings Street, Vancouver, BC V6B 1L8, (604) 681-4462, fax: (604) 681-0180.