01:34 PM EDT, 05/22/2024 (MT Newswires) -- Aftermath Silver ( AAGFF ) said Wednesday its wholly owned Peruvian subsidiary, Aftermath Silver Peru SAC, secured drilling approval for the further development of the Berenguela Project in Puno, Peru.

The company obtained the approval via the amendment of its Semi-Detailed Environmental Impact Assessment.

The amendment grants 30 months for drilling activities from the date that the company informs the General Mining Authority of the Peruvian Ministry of Energy and Mines of the start of work.

"We believe this approval allows us to execute infill and engineering drilling through the Preliminary Economic Assessment and Pre-feasibility phases of the project," chief executive Ralph Rushton said in a release.

The company's shares were last seen down $0.04 to $0.385 on the TSX Venture Exchange.

Price: 0.39, Change: -0.04, Percent Change: -9.41