Minera Alamos remains on track for construction to conclude around the end of the year.
Minera Alamos Inc. (the “Company” or “Minera Alamos”) (TSX VENTURE:MAI) provided a mid-year construction update detailing progress at the Santana gold project, Sonora, Mexico.
- The heap leach pad area has been cleared of all vegetation and is undergoing contouring ahead of clay placement and the pad liner installation
- The completed explosive storage & detonator bunkers are awaiting final inspection from the Mexican authorities ahead of the explosive permit issuance
- Bypass road construction at either end of the heap leach pad area is underway
- Fabrication of the plant carbon columns is complete with work underway for the remaining plant steel structures
- The earthworks contractor selected has worked previously with the Minera Alamos team when they were building the El Castillo mine in Durango
“Construction at the Santana gold project has taken some significant strides since activities were allowed to restart at the beginning of June. Work continues on the heap leach pad area, which represents the most significant aspect of earthworks during construction, Minera has now placed most long lead time orders for the next phase of construction activities. The project site is quickly taking shape and we remain on track for construction to conclude around the end of the year.” stated Darren Koningen, CEO of Minera Alamos.
Photo 1 – Heap Leach Pad Construction
About Minera Alamos Inc.
Minera Alamos is a gold development company poised to join the ranks of gold producers in 2021. The Company has a portfolio of high-quality Mexican assets, including the 100%-owned Santana open-pit, heap-leach development project in Sonora that is currently under construction, and which is expected to have its first gold production in early 2021. The La Fortuna open pit gold project in Durango (100%-owned) has an extremely robust and positive preliminary economic assessment (PEA) completed and is nearing the end of the permitting process. A construction decision on La Fortuna could be made in late 2020 or early 2021 and highlights the organic growth the existing projects can provide to the overall production profile. Minera Alamos is built around its operating team that together brought 3 mines into production over the last 12 years.