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LCY

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Share Name Share Symbol Market Type
TSXV:LCY TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Southern Legacy Receives Community Approval to Begin Environmental Remediation Work

31/10/2012 6:49pm

Marketwired Canada


Southern Legacy Minerals Inc. ("Southern Legacy" or "the Company") (TSX
VENTURE:LCY) is pleased to announce that it has recently received community
approval to begin with the environmental remediation of historic mine workings
in its 'Tres Mosqueteros' mining concession, located within its AntaKori
copper-gold project (the "Project"). Work will be carried out jointly with
members of the community of El Tingo, the owners of the surface rights where
Tres Mosqueteros is located. According to the agreement recently signed between
Southern Legacy and the community of El Tingo, work will be performed over the
next 8 months by experienced local contractors from El Tingo, who have provided
this kind of service in the past to other mining companies located in this
region. 


Fernando Pickmann, the Company's President and CEO, stated: "This is a major
milestone for the Company. Our recently signed agreement with El Tingo is the
first community agreement signed in this area in the last 4 years, and shows
that the Company's commitment to working jointly with the communities living
within and around the AntaKori Project is paying off for both the Company and
the local population. This remediation program will resolve some of the
long-standing environmental concerns of community members and is the first step
in building a long-term sustainable relationship for the benefit of all those
involved in the Project." 


About Southern Legacy Minerals Inc. 

Southern Legacy Minerals Inc. ("Southern Legacy") (TSX VENTURE:LCY) is an
exploration company with a portfolio of gold and copper projects in South
America. Southern Legacy's current projects span along the Andes in Peru and
Chile. Led by a management team with over 20 years of mineral exploration and
development experience in South America, the team boasts strong relationships
with local government officials and stakeholders in the jurisdictions where
their projects are situated. Southern Legacy is currently focused on expanding
the resource at its flagship copper, gold and silver project AntaKori (formerly
known as Sinchao), located in northern Peru between Gold Fields' Cerro Corona
and Buenaventura's Tantahuatay mines. The project currently has a NI 43-101
compliant inferred resource estimate of 5.9 billion pounds of copper equivalent
contained in 294Mt at an average copper equivalent grade of 0.92%.


Forward-Looking Statement:

Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws. Such
forward-looking statements, including but not limited to those with respect to
the prices of metals and minerals, purchase payments, estimated future
production and estimated costs of future production involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any forecast
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, the actual
prices of metals and minerals, the actual results of current exploration,
development and mining activities, changes in project parameters as plans
continue to be evaluated, as well as those factors disclosed in the documents of
the Company filed from time to time with the British Columbia Securities
Commission.  


FOR FURTHER INFORMATION PLEASE CONTACT: 
Southern Legacy Minerals Inc.
Fernando Pickmann
CEO
+011.511.208.4200
fpickmann@gbplegal.com

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