Silver Dragon Resources Inc. released news yesterday that the Mexican Federal Environmental Agency (SEMARNAT) recently approved the Environmental Impact Manifest (MIA) for its Cerros las Minitas Silver Project in Durango, Mexico. The company’s MIA permit was received from SEMARNAT on April 26, 2010. As the key regulatory requirement for production, the approval ushers in the beginning of construction at the silver mine site.
With 15 concessions covering 1,413 hectares, Cerros las Minitas comprises the majority of the Cerros las Minitas mining district, part of the prolific silver belt of the Sierra Madre Occidental. Silver Dragon Resources Inc., through its wholly owned Mexican Subsidiary Silver Dragon Mining de Mexico S.A. De C.V., acquired the exploration and mining rights to the property in March 2006. The site is located 68 kilometers northeast of Durango, Mexico.
“This is an important milestone for our Cerros las Minitas project, as issuance of the main environmental permit is now behind us,” commented Marc Hazout, President and CEO of Silver Dragon Resources. “The approval of the MIA proves the project is environmentally feasible and clears the way for production. We would like to thank the many people at SEMARNAT who so ably assisted in the review process and provided many valuable contributions to ensure that our project proceeds in an environmentally sound manner. We would also like to express thanks and appreciation to our management team and staff in Mexico for the support and guidance they provided in obtaining this important permit.