NEWS - MINING PERMIT RECEIVED!As usual, things get done at this company.
Now 'SDRG is in position to produce Mexico from the brand new mill it purchased last year.
yoyo
Silver Dragon Receives Environmental Approval for Development of Cerros las Minitas Silver Mine in Durango, Mexico
Press Release Source: Silver Dragon Resources Inc. On Monday May 10, 2010, 8:00 am EDT
TORONTO, May 10, 2010 (GLOBE NEWSWIRE) -- Silver Dragon Resources Inc. (OTCBB:SDRG - News) ("the Company") is pleased to advise that the Mexican Federal Environmental Agency (Secretaria de Medio Ambiente y Recursos Naturales, or "SEMARNAT") has approved the Environmental Impact Manifest ("Manifestacion de Impacto Ambiental - "MIA") for the Company's Cerros las Minitas Silver Project in Durango, . Receipt of this approval enables the company to commence construction at the Cerros las Minitas silver mine, and represents the key regulatory requirement involved in proceeding towards production.
Prior to the initiation of exploration or construction activities, all mining projects are required to apply for and obtain an environmental impact authorization and a land use permit from the Mexican Federal Environmental Agency SEMARNAT. The application process requires the presentation of an environmental impact manifest and a technical study which deals with the impacts, the environmental mitigation, and habitat compensation to the satisfaction of the authorities having environmental jurisdiction. The Company's Environmental Impact Manifest ("MIA") permit was received from SEMARNAT on April 26, 2010.
"This is an important milestone for our Cerros las Minitas project, as issuance of the main environmental permit is now behind us," commented Marc Hazout, President and CEO of Silver Dragon Resources. "The approval of the MIA proves the project is environmentally feasible and clears the way for production. We would like to thank the many people at SEMARNAT who so ably assisted in the review process and provided many valuable contributions to ensure that our project proceeds in an environmentally sound manner. We would also like to express thanks and appreciation to our management team and staff in for the support and guidance they provided in obtaining this important permit.
Cerros las Minitas is comprised of 15 concessions covering 1,413 Hectares. It is located 68 kilometers northeast of Durango, , and comprises the Cerros las Minitas mining district, part of the prolific silver belt of the . Silver Dragon Resources Inc., through its wholly-owned Mexican Subsidiary Silver Dragon Mining de S.A. De C.V., acquired the exploration and mining rights to the property in March 2006. Pictures of the mill can be seen on the Company's website at https://www.silverdragonresources.com.