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Minera Alamos Reports Mineral Resource Estimate of 630,000 Ounces Contained Gold
Cerro De Oro Gold Project, Zacatecas, Mexico Toronto, Ontario and Vancouver, British Columbi...
About this update from Minera Alamos Inc.
[{"type":"text","content":"Minera Alamos Reports Mineral Resource Estimate of 630,000 Ounces Contained GoldCerro De Oro Gold Project, Zacatecas, MexicoToronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - November 16, 2020) -  Minera Alamos Inc. (TSXV: MAI) (the \"Company\" or \"Minera Alamos\") is pleased to announce the positive results of an independent estimate of the Mineral Resources at the Cerro de Oro Project (the \"Project\") in Zacatecas, Mexico. The Resource Estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (\"NI 43-101\") by Talisker Exploration Services Inc.Highlights Inferred Mineral Resource estimate containing 630,000 ounces of oxide gold mineralization (48 million tonnes @ 0.41 g/t gold).The resource estimate was prepared using an economic pit shell at a gold price of $1450 per ounce resulting in a total enclosed pit volume containing 59 million tonnes. The Company has identified a number of high priority target areas for future drill programs aimed at expanding the known mineralized areas.A limited number of diamond drill holes have demonstrated the potential for sulphide mineralization to extend to depth below the current estimate area. \"This Mineral Resource estimate is an excellent start for the Cerro de Oro gold project. With this in hand we are confident about rapidly advancing the work required to put us on a path toward a production decision at Cerro de Oro following the initial start up of operations at Santana.\" stated Darren Koningen, CEO. \"Our fast-track development plans for the project will include the submission of permit applications early in the new year for the construction of a new gold heap leach operation. All indications are that this inaugural resource can be expanded significantly through additional drilling planned for 2021. We are particularly excited about the deeper sulphide potential which appears to be extensive but was largely ignored by historical drilling programs. Metallurgical studies are already underway to examine the potential for this material to be incorporated into future development plans.\"Cerro de Oro Project Mineral Resource EstimateTalisker Exploration Services Inc. of Toronto, Ontario estimates the Cerro de Oro Project, using a gold price of US$1,450/oz and a cut-off grade of 0.18 g/t, has an Inferr...