Petaquilla Minerals Ltd. Commences Mine Access Ramp Construction at its Lomero-Poyatos Project

ID: 1227192
recent pressrelease next pressrelease

(businesspress24) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/14/13 -- Petaquilla Minerals Ltd. (TSX: PTQ)(OTCBB: PTQMF)(FRANKFURT: P7Z) and its wholly-owned subsidiary, Petaquilla Espana S.L. (collectively, "Petaquilla" or the "Company"), announces that it has commenced construction of a mine access ramp at its Lomero-Poyatos Project in the Andalusia region of Spain. The ramp will initially be used for bulk sampling, resource expansion through drilling and infill drilling.

Since completing the titling process for its Lomero-Poyatos Project on November 14, 2012, Petaquilla has also:

The start of ramp construction initiates the development of the third mining project, and the second in the province of Huelva, in the Andalusia region in the 21st century and the first gold project centuries after the first gold mining occurred in the Andalusian Pyrite Belt. When Petaquilla acquired the Lomero-Poyatos Project, a former sulphide (pyrite) mine, in 2011, the mine had been inactive for approximately 20 years and the Company plans to restart mining.

The Lomero-Poyatos Project, a poly-metallic massive sulphide deposit with a NI 43-101 inferred mineral resource estimate of 6.07 Mt averaging 4.25 g/t of gold, 88.74 g/t of silver, containing 0.83 M oz. Au (please refer to the Company's news release of May 25, 2012, for inferred mineral resource estimate details), comprises 13 concessions totaling 176 hectares.

About Petaquilla Minerals Ltd. - Petaquilla is a growing, diversified gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates a surface gold processing plant at its Molejon Gold Project, located in the south central area of Panama. In addition, the Company has exploration operations at its wholly-owned Lomero-Poyatos Project located in the northeast part of the Spanish/Portuguese (Iberian) Pyrite Belt and several other exploration licenses in Iberia.

On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.

Joao C. Manuel, Chief Executive Officer



Petaquilla Minerals Ltd.
(604) 694-0021 or Toll free: 1-877-694-0021
(604) 694-0063 (FAX)

Keywords (optional):


Company information / Profile:

PressRelease by


PressContact / Agency:

published by: Marketwired
print pressrelease  send to a friend  

Date: 05/14/2013 - 11:23
Language: English
News-ID 1227192
Character count: 0
Firma: Petaquilla Minerals Ltd.
Ansprechpartner: Feedback to about Pressrelease-id:


Number of hits: 104


Direct Link to this PressRelease:

We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease

All members: 9 437
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 80

Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.