Lolita, the promising gold and silver mine of Santa Cruz that begin to explore

The exploration will include the realization of about ten wells with depths that will range between the 200 and 400 meters in the areas called Panza, Back y Heart.

So far, the site Lolita It had not been specifically explored for the extraction of precious metals. However, its potential is supported by a favorable geological context: Lolita borders the project Penguin, of Unico Silver Limitedwhere important mineral resources have already been confirmed.

High performance projections in Santa Cruz

Precisely, performance projections are what most encourage expectations. The neighboring project, Penguincurrently reports 92 million ounces of equivalent silver resources in the area of Cerro Leónwhich increases expectations about the potential of Lolita.

To specify the exploration campaign, representatives of Plato Gold and its local subsidiary Winnipeg Minerals in They held meetings with authorities of the Santa Cruz government during the latest edition of the PDAC in Torontoone of the most important mining exploration events worldwide.

The Ministry of Mining Provincial, which seeks to expand its portfolio of extractive projects, gave the green light to the environmental impact report presented by the company, allowing the start of operations.

With the authorization in hand, the Canadian company began to manage the start -up of the campaign. He has already selected contractors for drilling, logistics and geology, being in the contract formalization stage.

Regarding financing, Plato Gold He signed loan agreements for more than one million dollars To solve the exploratory program.

One of these loans, for the amount of US$1.000.000was signed by the company’s own president, Anthony Cohenconstituting a “transaction between related parties” that, according to stock market legislation, will be subject to a four -month and one day retention period.

The final approval of this financial operation is still pending by the TSX Venture Exchange of Toronto.

Mining development and Local labor

For its part, the government of Santa Cruz He expressed his commitment to mining development, but establishing clear conditions for companies operating in the province.

“In mining, what is coming is very strong. Santa Cruz generates the 48% of the country’s gold and silver exportbut now we are demanding more local labor and we bet on added value, “said Governor Claudio Vidal.

The provincial president also highlighted the energy potential of the region: “We have the best place in the world to produce wind energy, With 66% productivity. But We lack investment in transportation To take advantage of that potential, “he said.

The minister of Labor, Ezequiel Verbsreported that inspections to mining operators intensified such as Minera Santa Cruz y Newmont to guarantee compliance with labor regulations.

“Mining is an activity of very high risk, Therefore, you have to be permanently in a follow -up of the shortcomings and also see in situ certain advances and compliance, “said the official.

Verbes stressed the importance of fulfilling the Law No. 3141which forces companies in the sector to hire local workers. “We are going to feed it with continuous information, so that they comply with and we can demand it,” he explained.

Currently, mining companies are training more than 350 personas As part of a strategygia that “aims to strengthen employment And especially for SantaCruceños, “according to the minister.

Given the employment situation in the country, the provincial official admitted that “There are very high unemployment numbers In the country that, although the province has gone to alleviate, we have to give immediate solutions and, therefore, we are working on employment programs. “