Cerrado Gold Inc. (TSXV: CERT | OTCQX: CRDOF) has announced that its Monte Do Carmo gold project has received the preliminary licence from the Instituto Natureza do Tocantins, the state environmental regulatory authority, which has the authority to grant state permits.
The mine permitting process in Tocantins has three stages, the preliminary licence, the installation licence, and the license to operate. The granting of the preliminary licence is an important milestone in the licencing process as it outlines all the basic parameters of the project to be accepted by all parties, including the local community and relevant regulatory bodies.
The subsequent installation licence allows for the commencement of construction activities for the project. The company expects to receive the installation licence within the next three to four months.
The final licence to operate is granted upon completion of construction and at commencement of operations.
Mark Brennan, CEO and chairman commented “The award of the preliminary license is a significant milestone for the MDC project and reflects the great work done by our Brazilian team and represents a significant endorsement from the community and regulators for the development of the project.”
“As previously announced, discussions for project financing are ongoing, and we look forward to the completion of the FS in the coming weeks as we work to bring the Monte Do Carmo project into production.”
To find out more, please visit www.cerradogold.com