Batero Launches Corporate Shared Value Alliance Program In Quinchia, Risaralda (Colombia)
08 April 2014 - 2:45PM
Marketwired
Batero Launches Corporate Shared Value Alliance Program In
Quinchia, Risaralda (Colombia)
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 8, 2014) -
Batero Gold Corp. ("Batero", or the "Company") (TSX-VENTURE:BAT) is
pleased to announce engagement, through its fully owned Colombian
subsidiary Minera Quinchía S.A.S., in a community shared value
program in alliance with the Government of Canada and the
International Organization for Migration (IOM) for the area of
influence of Batero's exploration activities.
The program, named "Improving Socio-Economic Development for
Families in Quinchía, Risaralda" was submitted jointly by
Batero and the IOM to the Department of Foreign Affairs, Trade and
Development of the Government of Canada (formerly Canadian
International Development Agency) during the 2012 call for
proposals for the Strategic Partnerships for Development Fund
("SPDF") that was created as part of its Andean Regional
Initiative.
http://www.acdi-cida.gc.ca/cidaweb/cpo.nsf/vWebCSAZEn/496AC8D023AB552985257C5B003BCC16
The SPDF - Colombia approved and awarded CDN$ 580,325.00 to the
project that will be administered by the IOM and funding will be
complemented by a total contribution of CDN$240,379.00 from Batero
over the next two years.
"Batero has been committed to working with the community since
the inception of the company and the implementation of the program
"Improving Socio-Economic Development for Families in Quinchía,
Risaralda" is a testament to our ongoing commitment to local
families", stated Roger Moss, President and CEO of Batero Gold
Corp. "We are proud to be selected with the IOM by the Department
of Foreign Affairs, Trade and Development of the Government of
Canada and anticipate the program should have a positive impact to
improve opportunities for entrepreneurial business development
around Quinchia. Despite the current challenging metals market
conditions, Batero remains confident in the Quinchia project and
continues to be committed to the local communities."
The program aims to assist local capacity building for business
development among the Quinchia communities that are located in the
area of influence of Batero's exploration activities. The focus of
the program is to provide training within local communities by
means of strategic alliances supported by this agreement including
sugar cane guilds and the Colombian Government Artisanal
Organization. The goal of the program is to work with alliance
members and the community towards building confidence in business
development through optimization of production and merchandising of
sugar cane and its derivatives, as well as artisanal
silversmithing. Once implemented, the programs are expected to
benefit approximately 600 families by improving their income and
ensuring the sustainability and profitability of their local
production units. By strengthening local business capacity based on
local products, the program aims to create a healthy community
development environment that may alleviate the social pressure over
the exploration sector and prevent the possible impacts of people
migration.
This program has been recognized as a Corporate Shared Value
(CSV) planning model that will potentially assist both the
communities and the local government in establishing a locally
focused development model in partnership with Batero.
Batero has demonstrated a strong shared value commitment through
programs such as the innovative "Farms with a Future" initiative
and capacity building in organic agricultural practices. Batero
also supports local education through entrepreneurship training and
cultural awareness through music with the Banda Sinfonica de
Quinchia and its rural annex and assists with the provision of
medical and dental initiatives by local authorities. Detailed
information on community development programs can be found in the
Batero CSV reports, as well as a number of videos that can be
viewed at
http://www.baterogold.com/en/responsibility/responsibility.
As part of its "shared value" approach to communities, Batero
strongly believes that its social license to operate in the
Quinchia region is further strengthened every time local
communities gain independent long-term socio-economic benefits from
the company's efforts.
ON BEHALF OF THE BOARD OF |
|
BATERO GOLD CORP. |
|
Roger Moss |
President and CEO |
Batero Gold Corporation |
ABOUT BATERO GOLD
Batero Gold Corp. is a precious and base metals exploration and
development Company focused on two primary objectives. The first of
these objectives is the advancement of the La Cumbre oxide deposit.
La Cumbre is located within the Company's 100% owned
Batero-Quinchia Gold Project, which sits within Colombia's emerging
and prolific Mid Cauca gold and copper belt. Batero is moving the
La Cumbre oxide deposit towards the goal of making a production
decision, once the appropriate level of study has been completed,
and intends to first target the near and at surface higher grade
oxidized gold mineralization at the deposit. Batero's second
objective is to pursue opportunities to acquire prospective
high-grade, production focused mineral properties in Colombia and
Latin America. In pursuing both these objectives, Batero plans to
leverage its secure treasury position, strong regional
relationships, experienced management team, and long-term financial
partners. Shares of the Vancouver-based company trade on the TSX
Venture Exchange under the symbol "BAT".
FORWARD LOOKING STATEMENTS
Certain of the statements and information in this press release
constitute "forward-looking statements" or "forward-looking
information". Any statements or information that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as
"expects", "anticipates", "believes", "plans", "estimates",
"intends", "targets", "goals", "forecasts", "objectives",
"potential" or variations thereof or stating that certain actions,
events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved, or the negative of any of these terms
and similar expressions) are not statements of historical fact and
may be forward-looking statements or information.
Forward-looking statements or information may relate to, among
other things: developing the most efficient and cost-effective
leach processing circuit for the Cumbre gold deposit; the timing
and scope of expected diamond drilling; resource estimates; grades
on the Batero-Quinchia project; scope of mineralization within the
Batero-Quinchia project; receipt and/or timing of required permits
and regulatory approvals; the sufficiency of the Company's capital
to finance the Company's operations; and geological interpretations
and potential mineral recovery processes.
Forward-looking statements and information are subject to a
variety of known and unknown risks, uncertainties and other factors
that could cause actual events or results to differ from those
reflected in the forward-looking statements or information.
The Company's forward-looking statements and information are
based on the assumptions, beliefs, expectations and opinions of
management as of the date of this press release, and, other than as
required by applicable securities laws, the Company does not assume
any obligation to update forward-looking statements or information
in the event that circumstances or management's assumptions,
beliefs, expectations or opinions should change, or there should
occur or develop changes in any other events affecting such
statements or information. For the reasons set forth above,
investors should not place undue reliance on forward-looking
statements and information.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Michael MillsTel: 604.568.6378Email: info@baterogold.com
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