For thousands of other reports visit RSC's Mineral Intellingence Map
Alio Gold Inc.
Summary
| Project: | Ana Paulo | |
|---|---|---|
| Deposit: | Ana Paulo | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 5/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 16-5-2017: Alio Gold Inc. announces a Pre-Feasibility Study report for its Ana Paulo deposit at the Ana Paulo project. Updated resources, initial reserve estimate and pre-feasibility study results at Ana Paula. Vancouver, BC – Alio Gold Inc (TSX, NYSE MKT | |
| Resources: | (Reserve, P+P): 13.4Mt @ 2.36g/t Au for 1021000oz Au contained at project | |
| CP/QP: | [Resources]: Joseph Rosaire Pierre Desautels (AGP Mining Consultants Inc.) | |
| ABSTRACT: | Vancouver, BC – Alio Gold Inc (TSX, NYSE MKT: ALO) (“Alio Gold” or the “Company”), formerly Timmins Gold Corp., will officially begin trading today under its new ticker “ALO” on both the TSX and the NYSE MKT. The Company is pleased to announce the results of a Pre-Feasibility Study (“PFS”) on its Ana Paula Project (“Ana Paula” or the “Project”). Ana Paula is Alio Gold’s 100% owned high-grade, open pit gold project located on the highly prospective Guerrero Gold Belt in Mexico. All figures are in US dollars unless otherwise stated. An NI 43-101 technical report will be filed on SEDAR and will be available on the Company’s website within 45 days. Commenting on the PFS, Chief Executive Officer Greg McCunn said, “The Ana Paula Project has been significantly de-risked over the past six months with infill drilling now supporting a robust Mineral Resource Estimate, metallurgical test work defining an improved process design, capital and operating costs estimated to a high standard and our Environmental Impact Assessment approved by the regulators. The PFS has confirmed the project economics are very robust and we expect to continue moving the project forward to an investment decision in Q2 2018.” The updated Mineral Resource Estimate (MRE) was developed by AGP Mining Consultants of Toronto (AGP). In order to support the MRE, the Company completed over 10,000 metres of infill drilling in the latter part of 2016 and early 2017. In addition, previous drill core (approximately 49,500 meters) was re-logged in order to develop a more robust geological model. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report