The start of the Sustainability Program is another positive step forward for Inca One. The program is critical to maintaining the strong relationship we have with the local community and our future success in Peru.
Vancouver, BC (PRWEB) February 22, 2012
Canada-based exploration company Inca One (TSX Venture:IO) recently took another step forward in the development of its Gold-Copper project in Peru.
Inca One recently announced the official commencement of its Sustainability Program. This is the next major milestone for Inca One as the program is required to be underway prior to social and drilling permits can be issued.
According to the company, the program will benefit 800 families in the communities surrounding its mineral resource projects by training more than 1200 local residents on increasing the production from their 1237 hectares of coffee-growing farms.
The program could have a very strong and immediate impact on the local community as well. The United Nations’ Human Development Index (HDI) for the region is 0.481. That’s officially “Medium” to “Low” categories on a global scale and poor by Peru’s national standards. This indicator is based on income, education, quality of life, and life expectancy.
Edward Kelly, Inca One CEO, says, “The start of the Sustainability Program is another positive step forward for Inca One. The program is critical to maintaining the strong relationship we have with the local community and our future success in Peru. This program offers tremendous benefits to the Company and both direct and indirect stakeholders of our project.”
Furthermore, Inca One has focused on reducing the direct cost of the program and make the program more effective. Inca One has partnered with multiple local organizations and the government of Peru to provide the full benefits of the program to the surrounding communities, get those organizations to help pay for part of the program, and position them in a way they have a vested interest in the program’s success.
In all, this announcement is another step forward on the way to Inca One’s ultimate goal of the exploration and development of its Las Huaquillas Gold-Copper project in Peru.
Inca One’s goals are to confirm historical resource estimates on the project, expand on those resource estimates, and explore for more minerals across the entire project.
The historical resource estimates for Inca One’s Las Huaquillas Gold-Copper an estimated geological resource of 6.57 million tonnes grading 2.09 g/t Au and 25.2 g/t Ag (equivalent to 443,000 ounces of gold and 5.3 million ounces of silver). And that is for just one zone on the project. There are at least another three other known geological anomalies on the project which have already been discovered.
At this point, however, Inca One has a numerous requirements to meet prior to the getting the social and drilling permits it needs before it will be able to accomplish these goals.
The requirements are extensive and Inca One is ticking off the checklist. For example, Inca One recently announced the completion of its Social Baseline Study. This extensive and required study must be completed before Sustainability Program can be implemented.
Inca One’s activity over the last few months shows it’s committed to getting its social and drilling permits as soon as possible, completing the extensive list of requirements in a timely manner, and then getting to work on its Peruvian Gold-Copper which rests along one of the most prolific mining belts in the world.
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