Plexmar Resources Inc. (PLE.V) today reported that it has scored
major breakthroughs in its effort to secure the surface rights to
explore the Bolsa del Diablo project.
It has been decided that a formal community assembly be convened
before month's end to approve a surface rights access agreement
allowing Plexmar to pursue its exploration program. This assembly
will include the miners and all the residents. In return for the
surface access rights, the Company will help expedite the
formalization of the miners present on the Company's concessions,
hire local residents and local service providers to help in the
exploration programs and help locate funding for a Social
Enterprise that will generate employment and benefits for the whole
The Pampa Larga community covers 42,000 hectares and has
approximately 2,000 residents that are scattered over some 15 small
villages. Some of those villages are remote from the center and
have no road access making it difficult for their residents to
attend community related meetings during the rainy season which has
been especially long this year.
The Peruvian legislative council recently adopted decrees
amending the Mining law. These have prompted the informal miners
and the community to seek formalization with the Company in
exchange primarily for the access rights to explore.
In light of those recent developments, the Impact Environmental
Study report prepared in the past will be reviewed and filed with
the MINEM (Ministry of Energy and Mines). The approval of this
report by the MINEM is a pre-requisite, along with the surface
rights access agreement to obtain the drilling permit.
A total of $10.3M has been invested since 2005 in Plexmar
related properties in acquisition costs, exploration, and
More than 3.35 million shares have changed hands.