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Minera Alamos Inc. provided an update on development activities at the company’s Guadalupe project in Sinaloa, Mexico. The Guadalupe project is one of the most significant historic gold producers in this region of Mexico.
Minera Alamos Inc. (TSXV:MAI) provided an update on development activities at the company’s Guadalupe project in Sinaloa, Mexico. The Guadalupe project is one of the most significant historic gold producers in this region of Mexico and contains a NI 43-101 near surface gold resource consisting of the following with significant untapped resource potential from previously identified mineralized structures that remain undrilled.
Highlights are as follows:
- Indicated resource of approximately 6.8 million tonnes with an average grade of 1.73 grams per tonne of gold for approximately 380,100 contained ounces (using a 0.5 grams per tonne cut-off);
- Inferred resource of approximately 3.2 million tonnes with an average grade of 1.49 grams per tonne of gold for approximately 155,200 contained ounces of gold (using a 0.5 grams per tonne cut-off)
Darren Koningen, CEO, commented:
The acquisition of the Guadalupe gold project late last year was another strategic addition to the Company’s developing production profile. A significant amount of time and effort was expended by the previous owners to re-establish the project as one of the premium advanced stage gold assets in this region of Mexico. We are extremely fortunate to have the opportunity to leverage those efforts for the benefit of Minera Alamos stakeholders.
Historical records have already provided an insight into previous heap leaching testwork completed for the project and also the activities surrounding the small scale vat leaching facilities that can still be seen at the site. By utilizing the expertise of our operating team, we plan to rework the overall project development and assess the potential construction of a modern low capex gold heap leach operation.
Click here to read the full Minera Alamos Inc. (TSXV:MAI) press release.
