Goldgroup Defers Environmental Impact Assessment for Caballo Blanco
September 17, 2012: Vancouver, BC - Goldgroup Mining Inc. (Stock Profile - TSX: GGA & OTC:GGAZF) announced its decision to deferred the evaluation of the Environmental Impact Assessment (MIA) for its Caballo Blanco mining project in the State of Veracruz by the Mexican Ministry of Environment (SEMARNAT).
Mexico is going through a change in Federal Government and Goldgroup recognizes the importance of working with the transitioning team and the new authorities to integrate their requirements for the development of the Caballo Blanco project.
President elect, Mr. Enrique Peña Nieto, has made public his interest to promote investment and enhance the development in the mining sector, with strict compliance to the laws and regulations, with a strong commitment to sustainability and the environment.
Deferring the evaluation and approval process of the MIA complies with Goldgroup's objective of working further with the relevant authorities to ensure that the project is able to realize its social, community, environmental and business objectives.
Caballo Blanco is committed to developing a sustainable mining and sociably responsible project, through the integration of the views of all stakeholders, while utilizing the most innovative and resourceful solutions to directly benefit the local communities and the State of Veracruz.
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