Petaquilla Minerals Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z)(the “Company”) is pleased to announce that its wholly-owned subsidiary, Petaquilla Gold, S.A., a signatory of the International Cyanide Management Code (the “Code”), has been audited by a lead auditor and a technical expert as part of the final process to become certified by the International Cyanide Management Institute (“ICMI”).
Companies that are signatories to the Code must have their operations audited by an independent third party to demonstrate their compliance with the Code. In this regard, Petaquilla Gold, S.A., once certified by the ICMI, will join only 14 other gold mining companies worldwide possessing this certification.
Within the next two months the technical expert will conclude a final review of the Company’s Molejon Gold Project to confirm compliance with minor recommendations prior to submitting the final report to ICMI for issuance of the official certification.
The ICMI was established to administer the Code, to promote the Code’s adoption and implementation, to evaluate its implementation, to manage the certification process and to make information on safe cyanide management practices widely available.
The Code is a voluntary industry program covering the manufacture, transport and use of cyanide in the gold mining industry. The Company supports the promotion of responsible management of cyanide used in gold mining for the purpose of enhancing the protection of human health and reducing the potential of environmental impacts.
About Petaquilla Minerals Ltd. Petaquilla is a growing, diversified gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates a surface gold processing plant at its Molejon Gold Project, located in the south central area of its 100% owned 842 square kilometre concession lands in Panama – a region known historically for gold content. In addition, the Company has acquired 100% of the Lomero-Poyatos project located in the northeast part of the Spanish/Portuguese (Iberian) Pyrite Belt and several other exploration licenses in Iberia.