Court action to delay drilling, says Los Andes
Drilling at the Vizcachitas project, in Chile, could be delayed by between six and eight months, owing to court action, TSX-V-listed Los Andes Copper said on Friday.
Ultimately, it could delay the prefeasibility study, the company stated.
The Court of Appeals of Valparaiso, the region where the Vizcachitas project is located, has granted a motion against the Servicio de Evaluación Ambiental (SEA), in which the court instructs the SEA to conduct a public consultation process before finalising the evaluation process of the environmental permit, which was announced on April 27, for the upcoming drilling in the project.
Los Andes said that it was not a party to the dispute, but that the ruling affected the timing of the upcoming drilling, as the SEA might move to conduct the public consultation process or might appeal the ruling before the Supreme Court.
The company said that it did not anticipate that the expected delay in the upcoming drilling would impact the overall timing for the development of the project.
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