- Minera Alamos (MAI) has provided an update on the ongoing ramp-up of mining activities at the Santana Mine
- The company reported that over 7,300 ounces of gold have now been placed on the leach pad since August, exceeding projected levels
- The company plans to begin mining activities at the Nicho Main Zone in addition to existing mining activities
- Minera Alamos is a gold development company with assets in Mexico
- Shares in Minera Alamos Inc. (MAI) are up 1.92 per cent, trading at $0.53 per share
Minera Alamos (MAI) has provided an update on the ongoing ramp-up of mining activities at the Santana Mine.
Mining operations continue to progress, with approximately 100,000 tonnes of new mineralized material stacked on the leach pad in both October and November.
As of the end of November, over 7,300 ounces of gold have now been placed on the leach pad since the company began expanding its mining activities in August, exceeding original year-end target levels.
Darren Koningen, CEO of Minera Alamos, commented on the mine’s progress.
“The results from our early operations at the Santana project continue to impress,” he said. “Metallurgical extractions have been outstanding to date and despite challenges the build up in gold inventories on the leach pads has exceeded our early expectations.”
“The company looks forward to providing further updates,” added Mr. Koningen, “as the ramp-up in operations approaches its final stages with a goal of achieving steady state performance in the first quarter of 2022.”
At the end of November, the cumulative gold recovery from mineralization under leach for more than 30 days approached 70 per cent, more than triple the amount recorded in the company’s last update in early November.
In addition, a second delivery of gold in concentrate containing approximately 1,200 ounces was shipped from the company’s processing plant before the end of November.
Mining and crushing activities at the project site continue to progress as Minera Alamos gains operating experience. The company plans to begin mining activities at the Nicho Main Zone to complement and expand the current mine production being sourced from the Nicho Norte starter pit.
Minera Alamos is a gold development company with assets in Mexico including the Santana Mine, the Cerro de Oro oxide gold project, and the La Fortuna open pit gold project.
Shares in Minera Alamos Inc. (MAI) are up 1.92 per cent, trading at $0.53 per share as of 9:37 am EST.
