Canadian mining firm Extorre Gold Mines has received environmental permits for the development of its Cerro Moro mine in Santa Cruz, Argentina.

The Santa Cruz provincial government approved the Cerro Moro environmental impact assessment that was submitted in September last year.

This approval together with the receipt of the project pre-feasibility study expected in June 2011 will enable the company to proceed with advanced engineering and mine development.

Extorre president and CEO Eric Roth said that Cerro Moro’s ideal geographic location and very high grade gold-silver veins will allow the company to obtain near term, low cash cost gold-silver production from a relatively modest capital investment.

Separately, Extorre has reported its acquisition of the 14,000-hectare Estancia (ranch) that covers the principal vein zones at the Cerro Moro project.