Business
Minera Alamos Initiates Resource Expansion Program for La Fortuna Gold Project
TORONTO, ONTARIO--(Marketwired - Aug. 17, 2017) - Minera Alamos Inc. (TSX VENTURE:MAI) (the "Company" or "Minera Alamos") is pleased to announce that it has hir
About this update from Minera Alamos Inc.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - Aug. 17, 2017) - Minera Alamos Inc. (TSX VENTURE:MAI) (the \"Company\" or \"Minera Alamos\") is pleased to announce that it has hired Robelsis Altamirano, P.Eng., to manage advanced exploration activities aimed at expanding the resource base at the Company's flagship La Fortuna gold project (\"La Fortuna\") in Durango, Mexico. Mr. Altamirano worked previously with the Company's Mexican technical team and was the exploration manager for Argonaut Gold's (previously Castle Gold) south extension of the El Castillo gold mine. He has extensive experience (+30 years) managing exploration programs in Mexico with both the Mexican Geological Service (\"SGM\" - Servicio Geologico Mexicano) and numerous independent mining groups. This included being involved from start-to-finish in the discovery and delineation of Torex Gold Resources' Media Luna gold project (current inferred resources of 7.4 million gold equivalent ounces at a grade of 4.48 g/t) in the Guerrero Gold Belt, Mexico. \"We are excited to commence this extensive exploration program to quantify the resource potential of the entire La Fortuna project area,\" said Miguel Cardona, Vice President of Exploration for Minera Alamos. \"Over the last number of months, we have substantially increased our understanding of the significant mineralizing events that occurred in the La Fortuna area and why this was the site of so much historical gold mining activity. The ability to bring in someone with the experience and capabilities of Robelsis to directly manage our exploration efforts is a significant opportunity for the Company and we are pleased to welcome him to our expanding team.\" The Company's geological team, as well as previous owners, confirmed the potential for significant resource growth at the La Fortuna project. The present Measured and Indicated mineral resource of the Main Zone1 (4,800,000 tonnes at 1.99 g/t gold containing 308,000 ounces) is located within a limited 300m strike length which was drilled in the mid-1990s. Importantly, this drilling occurred on only one of at least four known systems of gold mineralization. Although remnants of historic mining activities are present throughout the project area, no modern drilling or systematic exploration has ever been completed elsewhere on the project. Target areas for resource expansion incl...