Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) is pleased to announce the receipt of the clearance decision from the Comisión Federal de Competencia Económica with respect to Leagold’s acquisition of Brio Gold Inc. COFECE approval was the final government agency approval required before completing the acquisition, which is anticipated to occur on or around May 24, 2018.
Project Fenix shows that El Gallo has the potential to be retooled to produce silver and gold for years into the future. The current heap leach gold mine would transform first to a mill and process the residual heap leach pad material, then additional mill modifications would enable processing of silver and gold ores from four other deposits. This plan depends on innovative in-pit tailings disposal that we think is a win-win for all stakeholders. Over the coming quarters we intend to advance environmental permitting and refine our plans with a feasibility study before making an investment decision next year, said Rob McEwen, Chairman and Chief Owner
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