In addition, the Company anticipates raising up to CA$5 (US$3.75) million in Equity and Debenture financings by the end of July.
Drilling Permits:
The approved drilling program entails core drilling at a possible 53 sites on the Samalayuca Copper Project, with the majority testing the previously producing Gloria Pit, the target location for Samalayuca Copper's pilot mining project, which had previously been mined by gambusinos (small scale artisanal miners). The drilling will evaluate the copper resources at the Gloria Pit and provide the Company with a better understanding of the metallurgical characteristics of the copper mineralization.
Maite de Campo, legal representative of the Samalayuca Copper project in Mexico, said: "The Company is committed to complying with all the guidelines and recommendations of CONANP as well as SEMARNAT."
VVC President Jim Culver reiterated that "VVC and its partners are committed to operating the Samalayuca Copper Project in an environmentally and socially responsible manner. The Samalayuca Project can have a hugely positive economic impact in the region without negative environmental consequences."
