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Para Resources secures approval for informal miners, new El Limon feed source

Para Resources Inc. secured a new feed source for the plant at its 80%-owned El Limon gold operation in Colombia after the government of Antioquia approved three formalization agreements to enable small-scale mining operations on the company's Zara concessions.

The company said May 31 that the three contracts comprise two underground mines at Alacran and Diamantina and an alluvial mining contract carrying a 10% net smelter royalty, with production from the two underground mines to be transported to the El Limon plant starting immediately.

Para Resources aims to implement more than 20 formalization agreements for El Limon. The company recommissioned the mill at El Limon in May 2017 after 18 months of renovations and upgrades to increase the design capacity to more than 200 tonnes per day.

"With the completion of the rehabilitation and expansion of the El Limon plant, the sourcing of third party material combined with the production of the El Limon mine is one of the final steps in bringing the project into commercial production," company President Ian Harris said in the statement.