Business
Minera Alamos Provides Update on Development Plans for the Cerro De Oro Gold Project, Zacatecas, Mexico
Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - October 19, 2020) -  ...
About this update from Minera Alamos Inc.
[{"type":"text","content":"Minera Alamos Provides Update on Development Plans for the Cerro De Oro Gold Project, Zacatecas, MexicoToronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - October 19, 2020) -  Minera Alamos Inc. (TSXV: MAI) (the \"Company\" or \"Minera Alamos\") is pleased to announce an update on \"fast-track\" development activities for the newly acquired Cerro de Oro gold project in Zacatecas, Mexico.Highlights The Company has completed its internal evaluation of historical information for the project and is in the process of finalizing an inaugural resource estimate (NI 43-101 compliant) for the project in the coming weeks.An updated geological model for the project is being prepared which will act as the basis for a drill program focussed on zones of potential resource expansion and to confirm the suitability of proposed locations for heap leach pads and ponds.Metallurgical testwork (discussed later in more detail) demonstrates the amenability of oxide mineralization to gold recovery via cyanidation and that potential also exists for recovery from transition/sulphide mineralization. Follow-up testwork will focus on the optimization of engineering design parameters.Basic engineering for the permitting of a heap leach gold recovery facility is underway with a target to submit permit applications for the project in early 2021. Completion of a new detailed topographic survey that covers the core claims as well as significant areas of surrounding land that are under consideration for both resource expansion activities and the construction of heap leach gold recovery facilities.Plans are underway for a hydrogeological survey of the concession to prioritize locations for process water access.Discussions with local municipality to extend the surface access agreement and to upgrade existing agreements for commercial mining production.\"In just a few short months since the Cerro de Oro acquisition we have rapidly advanced the project on a number of parallel fronts. All indications to date support our belief that the deposit is an ideal project for the design and development of another low capital intensity heap-leach operation to expand the Company's future growth potential\" stated Darren Koningen, CEO. \"With the new information in hand we look forward to the completion of the initial resource statement in the co...