VANCOUVER, June 27, 2018 /CNW/ - Bear Creek Mining
Corporation ("Bear Creek" or the "Company") (TSXV: BCM) (BVL: BCM)
is pleased to announce that the Process Plant Construction Permit
for the Company's Corani silver-lead-zinc project has been granted
by the Peruvian Ministry of Energy and Mines ("MEM"). With this
approval, the Corani project is now fully permitted.
The Process Plant Construction Permit authorizes construction of
the Corani process plant, waste and tailings co-disposal
facilities, water storage system and auxiliary buildings including
a laboratory, internal energy system and other complementary
structures. Approval of this portion of the Construction Permit
follows the Company's receipt of the Mine Construction Permit and
Accreditation of Water Availability granted by the MEM and the
Ministry of Agriculture, respectively, as announced on May 10, 2018. Together with the approved Corani
Environmental Permit (the "ESIA"), the Accreditation of Water
Availability and Construction Permit, now fully approved, pave the
way for future development of the Corani mine.
Tony Hawkshaw, President and CEO,
states, "We are very pleased to have received the final key permit
for construction of the Corani mine. We are currently advancing the
Corani project by undertaking Phase 2 Detailed Engineering with the
assistance of Ausenco Engineering and by continuing our
well-established and productive community and environmental
initiatives. Early works projects, including the construction of
Corani camp facilities and an access road from the camp to the
project area, are expected to commence later this year. Our Board
of Directors will consider a Corani construction decision when a
compelling project financing structure is arranged."
On behalf of the Board of Directors,
Anthony Hawkshaw
President and CEO
Caution Regarding Forward Looking Information
This
news release contains forward-looking statements regarding: the
Company's planned work programs for the Corani project during 2018;
and the conditions under which the Company may consider a
construction decision for the Corani project. These forward-looking
statements are provided as of the date of this news release, or the
effective date of the documents referred to in this news release,
as applicable, and reflect predictions, expectations or beliefs
regarding future events based on the Company's beliefs at the time
the statements were made, as well as various assumptions made by
and information currently available to them. Although management
considers these assumptions to be reasonable based on information
available to it, they may prove to be incorrect. By their very
nature, forward-looking statements involve inherent risks and
uncertainties, both general and specific, and risks exist that
estimates, forecasts, projections and other forward-looking
statements will not be achieved or that assumptions on which they
are based do not reflect future experience. We caution readers not
to place undue reliance on these forward-looking statements as a
number of important factors could cause the actual outcomes to
differ materially from the expectations expressed in them. These
risk factors may be generally stated as the risk that the
assumptions and estimates expressed above do not occur, but
specifically include, without limitation, risks relating to: the
nature of work planned pursuant to the Company's existing permits;
the Company's ability to secure financing, on favourable terms, to
construct the Corani mine; sufficiency of the Company's working
capital to complete its anticipated work programs; and the
additional risks described in the Company's latest Annual
Information Form, and other disclosure documents filed by the
Company on SEDAR. The foregoing list of factors that may affect
future results is not exhaustive. When relying on our
forward-looking statements, investors and others should carefully
consider the foregoing factors and other uncertainties and
potential events. The Company does not undertake to update any
forward-looking statement, whether written or oral, that may be
made from time to time by the Company or on behalf of the Company,
except as required by law.
The TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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content:http://www.prnewswire.com/news-releases/process-plant-construction-permit-granted-for-bear-creek-minings-corani-project-300672924.html
SOURCE Bear Creek Mining Corporation