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12/14/09

Fortuna Silver (FVI.v): Win!

This is as good as it gets when the subject is LatAm mining bureaucracy.

VANCOUVER, Dec. 14 /CNW/ - Fortuna Silver Mines Inc. (TSX.V: FVI / Lima Exchange: FVI) is pleased to announce that the "Secretaria de Medio Ambiente y Recursos Naturales" (Mexican Environmental Agency) has approved the Company's application for a change of land use from agricultural to industrial for the San Jose silver-gold project, located in the southern State of Oaxaca, Mexico.

This is the final permit required to commence construction activities and complements the Environmental Impact Study, which was approved in late October 2009. The initiation of construction activities is now within Fortuna's sole discretion and is planned for the first quarter of 2010.

A pre-feasibility study covering all pre-construction engineering projects for the mine, processing plant and supporting infrastructure is scheduled to be completed by January 2010.


Fortuna's San José mine is now a lock. I say YAY.