Andean American Receives Environmental Impact Assessment Approval
Andean American Mining Corp. (“the Company”) (TSX.V:AAG, FWB:AQN) is pleased to announce that it has received final government approval from the Ministry of Energy and Mines, Peru, on the Environmental Impact Assessment for the Invicta Project at 5000 tonnes per day (tpd).
The Environmental Impact Study evaluates, determines, and measures the environmental and socio-economic impacts related to the project, as well as the required mitigation measures. The Company received approval of its Environmental Impact Assessment Executive Summary from the Ministry of Energy and Mines, Peru, at 5000 tpd earlier this year. Following that initial approval, public consultations were held prior to issuing this final certificate N° 1473-2009. The project will meet or exceed the industry standards in environmental protection and in establishing good relations with the communities around the Invicta site.
“This very important step opens up all other permitting issues to allow the project to proceed”, states Chairman and CEO John Huguet. “A major milestone has been reached in our development of the Invicta Mine and we look forward to moving ahead with our plans for production.”
On behalf of Andean American Mining Corp.,
“John Huguet”
John Huguet
Chairman & CEO
Andean American Mining Corp.
T:604.681.6186
F:604.681.3652
E: investors@andeanamerican.com
Andean American Mining Corp. (TSX.V:AAG) (FWB:AQN) is an international mining and exploration company focused on growth. The Company is actively pursuing new targets of potential early stage gold and silver prospects in Peru and currently has two key assets: the Invicta gold-silver-copper feasibility stage project; 59% of Sinchao Metals Corp., owner of the Sinchao zinc-copper-silver-gold-lead mineralization project. For further information call (604) 681-6186 or toll free: 1-888-356-4784 or visit www.andeanamerican.com.
This news release may contain forward-looking information within the meaning of the Securities Act (Ontario) ("forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations in a foreign jurisdiction, uncertainty of production and costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of gold and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.