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Crown Point Ventures Ltd. has received the main environmental permit required to commence operational activities on the lands covered by the Cerro de los Leones exploration permit in Argentina's Neuquén Basin.
The planned 3D and 2D seismic programs are expected to commence in July.
Cerro de los Leones currently is jointly held by Crown Point and Antrim Energy Inc. Crown Point's ownership of the permit will be 100% assuming the successful closing of the proposed plan of arrangement under which Crown Point is acquiring 100% of Antrim Argentina S.A.