Business
Minera Alamos Acquires Crushing System to Facilitate Future Production Growth at the Santana Gold Project, Sonora, Mexico
Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - January 30, 2020) - Minera...
About this update from Minera Alamos Inc.
[{"type":"text","content":"Minera Alamos Acquires Crushing System to Facilitate Future Production Growth at the Santana Gold Project, Sonora, MexicoToronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - January 30, 2020) - Minera Alamos Inc. (TSXV: MAI) (\"Minera\" or the \"Company\" or \"Buyer\") is pleased to announce it has entered into an Equipment Purchase Agreement (\"EPA\") with Mako Mining Corp., Marlin Gold Mining Ltd. and Oro Gold de Mexico S.A. de C.V. (collectively the \"Sellers\") to acquire a complete crushing, screening and agglomeration system for the future growth of the Santana gold project. \"This agreement leverages the financial flexibility provided by our relationship with Osisko Gold Royalties to take advantage of a unique opportunity that presented itself and that will significantly reduce longer term capital and operating costs for the development of the Santana project,\" stated Darren Koningen, Minera Alamos CEO. \"The acquisition for this excellent collection of equipment is a small fraction of the original purchase cost and underscores our philosophy of finding innovative ways to build our projects with some of industry's lowest capital intensity.\" Photo 1 - The Crushing Circuit previously in operation at the La Trinidad mine in Sinaloa, Mexico To view an enhanced version of Photo 1, please visit:https://orders.newsfilecorp.com/files/4183/51963_e2d36ed6644309a2_001full.jpgEquipment Details and HistoryThe acquired crushing system was originally installed at Mako Mining's La Trinidad gold heap leach operation and was in commercial service for a relatively short period of time until it was shut down in 2019. The circuit was fully operational up to the point that the operation shut down. Highlights include:Design capacity of approximately 300 tph (5,000-6,000 tpd) taking run-of-mine (\"ROM\") heap leach material and crushing/screening (three stage crushing) to a fine size passing 3/8\".Also included is equipment to agglomerate the final ore before it was conveyed through a series of portable conveyor sections to a radial stacker which deposited the final material on the leach pad.Operations are controlled via an advanced PLC automation package which monitors/controls all individual unit operations from a central control area.All the equipment was transported back to the United States after mine shutdown and has been ...