Business
Minera Alamos Announces Santana Project Achieves First Gold Production
Project Ramp-Up on Schedule with Confirmation of Rapid Gold Extraction Kinetics Toronto, Onta...
About this update from Minera Alamos Inc.
[{"type":"text","content":"Minera Alamos Announces Santana Project Achieves First Gold ProductionProject Ramp-Up on Schedule with Confirmation of Rapid Gold Extraction KineticsToronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - November 4, 2021) - Minera Alamos Inc. (TSXV: 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 news release dated September 8th, 2021) 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. \"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,\" stated Darren Koningen, CEO. \"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.\" \"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,\" stated Doug Ramshaw, President. \"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.\"Photo: First Doré Production from Santana Gold ProjectTo view an enh...