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Altaley Mining Initiates Mining and Milling Operations at its New Tahuehueto Gold Mine in Durango, Mexico
(NewsDirect) Altaley Mining Corporation ( TSXV: ATLY ) ( OTCQX: ATLYF ) ( FSE...
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[{"type":"text","content":"Altaley Mining Initiates Mining and Milling Operations at its New Tahuehueto Gold Mine in Durango, Mexico\n \n \n (NewsDirect)\n \n \n Altaley Mining\nCorporation (\n \n TSXV:\nATLY\n \n ) (\n \n OTCQX:\nATLYF\n \n ) (\n \n FSE:\nTSGA\n \n ) (“\n \n Altaley\n \n ” or the “\n \n Company\n \n ”) is\nexcited to announce that the Company has initiated pre-production\nmining and mill commissioning operations at its Tahuehueto Gold Mine\nin Durango, Mexico. Construction efforts at the mine site have\nadvanced to allow the startup and commission of one ball mill capable\nof processing up to 500 tpd.\n \n \n \n \n \n “I am very excited\nto see Tahuehueto commencing pre-production activities and look\nforward with anticipation to our first concentrate deliveries,\nanticipated in several weeks, which will bring our Company its first\nrevenue from the new, on-site Tahuehueto mineral processing\nfacility” s\n \n tates Ralph Shearing, CEO\n \n , “The Tahuehueto gold\nmine coming on-line is the realization and delivery to shareholders of\nthe Company’s major goal of reaching production on its flagship\nasset. The robust cash flows anticipated from Tahuehueto should allow\nus to accelerate our debt repayments; our cash flow modeling suggests\nall loan debt may be repaid in under two years. We will also\nre-initiate exploration activities to expand reserves and resources,\nwhich exploration I am convinced, can unlock the hidden, undiscovered\nultimate potential of this district-scale project allowing mine\nexpansion and extension to the current life of mine.”\n \n \n Listen to Ralph’s interview with\nProactive Investors as he describes the milestone event at\nTahuehueto\n \n .\n \n \n Tahuehueto’s\nprocessing facility is operational allowing for milling up to 500 tpd\nwith flotation cells, concentrate thickeners and concentrate filters\nsuccessfully tested and operational.\n \n \n During the commissioning phase of the first ball\nmill, a bulk concentrate will be produced and as soon as possible\nthereafter, the Company will process a separate precious metal rich\nlead concentrate and a zinc concentrate. Copper concentrate production\nis planned to be initiated late 2022.\n \n \n Electrical power generation is being supplied by\nAggreko International Power Projects Limi...