Denarius Metals Corp. (TSXV: DSLV | OTCQX: DNRSF) has announced that the formal application for a mining license for the Toral Zn-Pb-Ag Project in northern Spain has been completed and submitted by Europa Metals Iberia S.L., a wholly owned Spanish subsidiary of Europa Metals Ltd. (AIM: EUZ), to the Junta of Castille and Leon, the local mining authority.
This application forms part of the 2023 exploration campaign agreed to between the company and Europa in conjunction with the Toral definitive option agreement dated 22 November 2022 to which the company can acquire up to an 80% interest in the Toral Project in two phases.
“Working closely with the team at Europa, we have met our goals for this first year of the Toral definitive option agreement. Completing this application to request an upgrade in the permit at the Toral Project from the exploration phase to a mining license is in keeping with our plans to advance this potential long-life asset toward production in an underground mining operation,” commented Denarius CEO Serafino Iacono.
“Next steps include the preparation of an updated mineral resource estimate incorporating the results of the 2023 drilling campaign and then, after some additional infill drilling in the first half of 2024, we will commence work on the preliminary economic assessment for the Toral Project.”
Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development, and eventual operation of polymetallic mining projects in high-grade districts, with its principal focus on the Lomero Project in Spain.
The Company’s 100%-owned Zancudo Project in Colombia provides an opportunity to develop near-term production and cash flow through local contract miners and long-term growth through exploration.
For further information, please visit: www.denariussilver.com
To read more articles like this, please visit: www.theassay.com
