- Process engineering design for the El Domo deposit – analysis of the recently completed metallurgical test work resulting in flowsheet selection and related process design activities ahead of feasibility study commencement later in 2020
- Evaluation and selection of engineering firms for the El Domo feasibility study – Adventus management team has been in technical and commercial discussions with a number of interested groups and expects to announce a decision in the second quarter of 2020
- Continuing target generation work for the Curipamba district – expected to further refine regional drill targets for the restart of 2020 program
- Pijili exploration data compilation – preparation of a summary of all Partner exploration work done to date, including trenching results, ahead of the resumption of field activities and the start of drilling
Santiago exploration data compilation – preparation of a summary of all historical and Partner exploration work done to date in advance of future field activities- Roll-out of an integrated
Canada -Ecuador accounting system – a new cost management and control system to improve the administrative efficiency of growing exploration and development activities
In addition to the project activities, Adventus and Salazar continue to receive strong interest from potential new financiers and strategic partners, which include mining industry corporates, concentrate traders, and sophisticated financial institutions. The continuing interest and commercial discussions despite COVID-19 related challenges help substantiate the quality of the Partners' project portfolio and support the execution of future exploration and development plans.
The Partners in connection with authorities in
COVID-19 Measures and Humanitarian Aid Efforts in
In response to COVID-19 and the needs of the project communities, the Partners have committed up to
Critical Supplies for Health Centres
Many rural health centres are experiencing increased pressure on available resources due to limited access to staffing, funding, and medical supplies. Some key supplies have been difficult to source and transport to rural communities due to national restrictions on in-country travel. In response, the Partners are supporting local health centres in Bolivar, Loja, and Azuay provinces with much-needed medical supplies, including disinfectants, gloves, and masks. To ensure ongoing access to medical supplies, the Partners have committed to delivering provisions to local health centres over the next four months.- Special Assistance for Vulnerable Groups
Many communities are experiencing reduced availability of supplies required to minimize the spread of COVID-19, such as hand sanitizer, soap, and masks. Food security is also a concern, as loss of income or reduced financial support from family members makes access to food more difficult for the most vulnerable. With the help ofEcuador's Ministry of Social Inclusion , the Partners have identified key vulnerable groups requiring assistance in the local project communities. Supply kits are being provided to these individuals, which include medical supplies like masks hand sanitizer, and basic food supplies. Over 300 kits have been distributed in Bolivar, Loja, and Azuay provinces to date, and another 200 kits will be distributed in the beginning of May. The Partners have committed to providing approximately 300 kits each month over the next eight months to the most vulnerable individuals in the local project communities. - Community Public Health Awareness Campaigns
Since early March, the Partners have been supporting the government's public awareness programs by creating educational campaigns on social and local media that focus on preventing the spread of COVID-19. The campaigns have been well received with widespread online views and re-posts by local community members and authorities. - Support for Military and Police Stationed in Communities
As part of the Government ofEcuador measures, military and police presence has increased acrossEcuador to ensure that the public follows government health restrictions – such as social distancing measures imposed to limit viral exposures and new cases. In response to Government requests for support, the Partners are providing contributions of food and accommodations to some of the additional military and police representatives temporarily stationed in the local project communities.
Adventus and Salazar would like to recognize the generous support of strategic investors: Altius Minerals Corporation, who have contributed funds to the aid efforts in
About Adventus
About Salazar
Neither the
This press release contains "forward -looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.
Forward-looking information herein includes, but is not limited to, statements that address activities, events, or developments that Adventus and Salazar expect or anticipate will or may occur in the future. Although Adventus and Salazar have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Adventus and Salazar undertake to update any forward-looking information except in accordance with applicable securities laws.
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