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Altaley Mining Announces Underground Mining Contractor Mobilizes Equipment to Tahuehueto
Vancouver, British Columbia--(Newsfile Corp. - November 2, 2021) - Altaley Mining Corporation...
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[{"type":"text","content":"Altaley Mining Announces Underground Mining Contractor Mobilizes Equipment to TahuehuetoVancouver, British Columbia--(Newsfile Corp. - November 2, 2021) - Altaley Mining Corporation (TSXV: ATLY) (OTCQX: ATLYF) (FSE: TSGA) (\"Altaley\" or the \"Company\") is excited to announce that it has engaged MGA Contratista Minera S.A. de C.V. (\"MGA\") as its underground mining contractor for it's soon to be operating Tahuehueto Gold Mine, located in northwestern Durango state, Mexico.MGA is a prominent mining contractor located in Durango city, Mexico with over 20 years of underground mining and civil engineering experience whose clients include various prominent mining companies such as Newmont Corporation (Goldcorp)., Pan-American Silver, Endeavour Silver, Grupo Mexico, Fresnillo, First Majestic Silver, Omega, and others.Figure 1To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/7883/101672_b375228e14ee7b2b_001full.jpg.MGA is now mobilizing its mining equipment to Tahuehueto Gold Mine to continue underground drift and stope development to advance the Tahuehueto Mine to production. Previous underground development during 2018 and 2019 completed between 70% to 80% of required development for the initial one to two years of mine production. MGA will complete the development work required to initiate mine production and continue as the project's primary underground mining contractor in the initial years of Tahuehueto's production.Figure 2To view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/7883/101672_b375228e14ee7b2b_002full.jpg.First production through the mill, which is at an advanced stage of construction, is anticipated near the end of 2021 when the first ball mill is to be commissioned and in Q1 2022 the second ball mill will be installed and brought online to thereafter, ramp up production to the mine's anticipated 1,000 tonne per day capacity.Altaley is pleased to report that construction at the Tahuehueto mine site is on timeline and budget, and management is not expecting any cost overruns at this point in time.Ralph Shearing, CEO and President, states, \"Engaging MGA as Tahuehueto's underground mining contractor is another milestone and brings our company closer to start production at Tahuehueto. MGA is a highly qualified professional u...