No Paramo for Vetas You can bet we will follow CB Gold's lead. Very little if any impact.....We may get a listing a little quicker now.
CB Gold says Vetas project not affected by new park
2013-01-17 20:25 ET - News Release
Mr. Fabio Capponi reports
CB GOLD INC.: VETAS GOLD PROJECT UNAFFECTED BY ANNOUNCED NATURAL PARK PARAMO DE SANTURBAN
CB Gold Inc. has provided the following update.
The boundaries of the Parque Natural Regional Paramo de Santurban have been established by the Corporacion Autonoma Regional para la Defensa de la Meseta de Bucaramanga (CDMB). The announced boundaries of the park do not affect the company's ability to conduct exploration and development activities at its flagship Vetas gold project.
The new park does include some land that is part of the La Vereda property, separate to and five kilometres southwest of the flagship Vetas gold project; however, the majority of what the company has deemed to be the most prospective areas of La Vereda are not affected by the park. As such, CB Gold will still have the ability to access and conduct its planned exploration activities on the property.
Fabio Capponi, chief executive officer of CB Gold, commented: "We are pleased that any concerns about the development of the Vetas gold project have been removed by the announcement of the new park, and our exploration and development activities will continue as planned -- mining and exploration activity is a significant contributor to the economic and social well-being of the Vetas region, which we strongly support. We are reviewing the positioning of the park boundary at La Vereda and will be addressing any concerns with the CDMB and relevant government agencies."