Dahlman Rose Comments On Extorre Engineering Project Development - Provident Finl Servs (NYSE:PFS)

According to Dahlman Rose, Extorre Gold Mines (NYSE:

) aims to complete the PFS for Cerro Moro in June 2011 in order to proceed with advanced engineering and project development. Dahlman Rose said that Extorre announced that it has received formal approval of the Cerro Moro EIA by the Santa Cruz provincial government in southern Argentina. “The EIA was submitted to the government in September 2010. The EIA approval, together with the receipt of the Pre-Feasibility Study (

PFS

), which is expected in June 2011, will enable Extorre to proceed with advanced engineering and mine development. Management also announced that it has completed the purchase of the 14,000 hectare Estancia ranch that covers the principal vein zones at the Cerro Moro Project. Through this purchase Extorre attains full ownership of the surface rights that cover the Escondida, Zoe, Loma Escondida, Esperanza, and Gabriela vein zones. It is within this new property that Extorre plans to build the mineral processing facilities and general mine infrastructure.” Extorre Gold Mines closed yesterday at $9.16.

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