Petaquilla Announces Finalization of Mining Rights for Lomero-Poyatos
VANCOUVER, BRITISH COLUMBIA, Nov 12, 2012 (Menafn - MARKETWIRE via COMTEX) --Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") PTQM.F(frankfurt:P7Z) is pleased to announce that thetitling process for its Lomero-Poyatos project in Andalusia has beencompleted.
The completion of the titling process culminates the Andalusianadministrative proceedings enabling Petaquilla to continue work tobring the mine back into operation. During the next six months, theCompany will move to final engineering and design, initiatedevelopmental drilling, conduct bulk volume testing, and advance aNational Instrument 43-101 feasibility study.
In October 2011, the Ministry of Environment granted UnifiedEnvironmental Authorisation (AAU) to the Company for theLomero-Poyatos project, which comprises 13 concessions totalling 176hectares.
About Petaquilla Minerals Ltd. - Petaquilla is a growing, diversifiedgold producer committed to maximizing shareholder value through astrategy of efficient production, targeted exploration and selectacquisitions. The Company operates a surface gold processing plant atits Molejon Gold Project, located in the south central area of Panama- a region known historically for gold content. In addition, theCompany has exploration operations at its wholly-owned Lomero-Poyatosproject located in the northeast part of the Spanish/Portuguese(Iberian) Pyrite Belt and several other exploration licenses inIberia.
On behalf of the Board of Directors of Petaquilla Minerals Ltd.
Joao C. Manuel, Chief Executive Officer
NO STOCK EXCHANGE HAS APPROVED OR DISAPPROVED THE INFORMATIONCONTAINED HEREIN.
Petaquilla Minerals Ltd.
Joao C. Manuel
Chief Executive Officer
(604) 694-0021 Toll free: 1-877-694-0021
(604) 694-0063 (FAX)
SOURCE: Petaquilla Minerals Ltd.
Copyright 2012 Marketwire, Inc., All rights reserved.