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Alio Gold Inc (TSX:ALO) (NYSE MKT:ALO) (“Alio Gold” or the “Company”), formerly Timmins Gold Corp., will officially begin trading today under its new ticker “ALO” on both the TSX and the NYSE MKT. The Company is pleased to announce the results of a Pre-Feasibility Study (“PFS”) on its Ana Paula Project (“Ana Paula” or the …
Alio Gold Inc (TSX:ALO) (NYSE MKT:ALO) (“Alio Gold” or the “Company”), formerly Timmins Gold Corp., will officially begin trading today under its new ticker “ALO” on both the TSX and the NYSE MKT. The Company is pleased to announce the results of a Pre-Feasibility Study (“PFS”) on its Ana Paula Project (“Ana Paula” or the “Project”). Ana Paula is Alio Gold’s 100% owned high-grade, open pit gold project located on the highly prospective Guerrero Gold Belt in Mexico. All figures are in US dollars unless otherwise stated. An NI 43-101 technical report will be filed on SEDAR and will be available on the Company’s website within 45 days.
As quoted in the press release:
Commenting on the PFS, Chief Executive Officer Greg McCunn said, “The Ana Paula Project has been significantly de-risked over the past six months with infill drilling now supporting a robust Mineral Resource Estimate, metallurgical test work defining an improved process design, capital and operating costs estimated to a high standard and our Environmental Impact Assessment approved by the regulators. The PFS has confirmed the project economics are very robust and we expect to continue moving the project forward to an investment decision in Q2 2018.”
