Solitario, Votorantim plan 2010 exploration, 2011 feasibility work at Bongará - Peru

Denver-based Solitario Exploration & Royalty (Amex: XPL, TSX: SLR) reported that its partner on the Bongará zinc project in Peru, Brazil's Votorantim Metais, is planning to start road construction and underground access to the San Jorge deposit in 2010.
Metallurgical testing and 10,000m of surface drilling are also in the plan for this year.
The goal is to begin a detailed feasibility study in 2011, Solitario said in a statement.
Solitario noted that the timing of the 2010 activities depends on the receipt of permits, and Votorantim is updating the social risk impact assessment in parallel with archeological clearance activities and other permit requirements.
Approvals are expected during Q2, Solitario said.
Specifically, road construction will include some 18km of new roads to the deposit, which to date has been accessible only by helicopter or on foot. The companies plan 700m of underground workings.
Advanced metallurgical test work is due for completion during Q1, Solitario added.
Votorantim can earn up to 70% in Bongará by spending at least US$18mn on exploration and development and making annual cash payments of US$200,000 to Solitario until a production decision is made. The Brazilian would further finance Solitario's 30% interest until production starts in the form of a loan.