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Mayan Iron Corporation steps closer to plans for exploration in Guatemala

Tuesday, August 24, 2010


Australia-based Mayan Iron Corporation’s subsidiary in Guatemala, Tikal Minerals, has been advised that the mitigation study presented by the company for exploration has been accepted by the Ministry of Energy and Mines.
 
The study has been accepted on the condition that an environmental impact assessment will detail measures to protect the nesting sites of local sea-turtles.
 
In July, the company raised $2.5 million, a large part of which is to be used to conduct an exploration programs.
 
Original source: Proactive Investors