Miner Rio2 said its Chilean subsidiary, Fenix Gold, has received the principal sectorial permits it requires to begin construction at its Fenix gold project in the Maricunga Gold Belt of the Atacama Region, Chile.
“The team at both Rio2 and Fenix Gold have done a great job in obtaining these permits, which will allow the company to complete its debt and equity financing for the construction phase of the mine,” said President and CEO Andrew Cox.
“We look forward to rapidly continuing to unlock value for all our stakeholders by progressing the Fenix gold mine towards an anticipated construction start in November of this year.”
The sectorial permits represent the last governmental authorization required to enable the start of the construction phase and subsequent operation of the mine.
Fenix Gold is one of the largest undeveloped gold oxide, heap leach projects in the Americas.
Source: Rio2