Minera Alamos Inc. (TSX.V: MAI)
Reported that it has made an initial delivery of gold doré from its Santana gold project in Sonora, Mexico.
The gold was recovered from early material stacked on the Santana heap leach pad and intended to commission the Company’s carbon recovery plant and associated solution pumping systems, in advance of ramping up daily mining operations.
|Minera Alamos||TSX.v : MAI|
|Market cap||C$247 m @ 56c|
|Location||Sonora, Zacatecas, Durango – Mexico|
November 4, 2021 – Toronto, Ontario and Vancouver, British Columbia
Minera Alamos Inc. (TSX.V: MAI) (the “Company” or “Minera Alamos”) is pleased to report that it has made an initial delivery of gold doré from its Santana gold project (“Santana” or the “Project”) in Sonora, Mexico.
The gold was recovered from early material stacked on the Santana heap leach pad during the months of July and August (see HERE) and intended primarily to commission the Company’s carbon recovery plant and associated solution pumping systems in advance of ramping up daily mining operations.
Leaching activities commenced at the end of August as the rainy season subsided and the results to date have confirmed the rapid gold extraction kinetics experienced during the heap leach test pad operations concluded in 2019.
Minera Alamos management comments
“We are thrilled to have turned the corner to become a gold producer at our first mine in Mexico.
“It is truly a credit to the abilities of our technical group that we have managed to successfully complete this transition while dealing with all the challenges of the last 18 months as a result of the pandemic.
“The results from early operations have confirmed those from previous test mining activities at Santana with rapid gold extractions and low reagent consumptions.
“If the current ramp-up trends continue we appear to be well on track to exceed our initial timing for achieving consistent net cash generation at the operation level.”
Darren Koningen, CEO. Minera Alamos
“I am immensely proud of the execution by Darren and the rest of the team in Mexico in delivering this important event in the Company’s development.
“The diligent work performed during extraordinary circumstances to build the Santana gold mine is a testament to them all.”
“We also couldn’t have reached this point without the strong support of each and every shareholder of the Company whom have shown great patience with the advancement of the Santana gold mine and we look forward to continue to deliver exciting news to warrant the support we have received to date”.
Doug Ramshaw, President. Minera Alamos
Photo: First Doré Production from Santana Gold Project
.Approximately 400 oz of gold was contained in the doré poured from the first shipment of carbon sent off site to validate the operational and QA/QC procedures from the treatment facility being considered for future gold concentrate (carbon) processing. This material has been sent for final refining and sale.
Further doré from subsequent deliveries will be announced in due course.
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email email@example.com
This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
At the time of writing the poster holds shares in Minera Alamos, bought in the market at the price prevailing on the days of purchase.