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Alio Gold Inc.
Summary
| Project: | San Francisco | |
|---|---|---|
| Deposit: | San Francisco | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 5/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-5-2017: Alio Gold Inc. announces a Resource Estimation report for its San Francisco deposit at the San Francisco project. Updated mineral resources and ore reserves for project. May 11, 2017 Vancouver, BC - Timmins Gold Corp. (TSX: TMM, NYSE MKT: TGD) | |
| Resources: | (Reserves, P+P): 54.792Mt @ 0.527g/t Au for 928700oz Au contained at San Francisco | |
| CP/QP: | [Resources]: William Lewis, Alan J. San Martin (Micon International Ltd.) | |
| ABSTRACT: | May 11, 2017 Vancouver, BC - Timmins Gold Corp. (TSX: TMM, NYSE MKT: TGD) (“Timmins Gold” or the “Company”) is proposing to change its name to Alio Gold Inc. at its upcoming Annual General Meeting of Shareholders. If approved, the Company expects to begin trading on both the TSX and the NYSE MKT under the ticker ALO on May 16, 2017. The Company is pleased to announce a revitalization plan for its San Francisco Mine (the “Mine”) in Sonora, Mexico. All figures are US$ unless otherwise stated. Commenting on the revitalization plan, Chief Executive Officer, Greg McCunn, said, “The San Francisco Mine is a cornerstone asset for the Company located in an excellent mining jurisdiction. Our plan to revitalize the Mine by investing some of the cash flow from operations back into improvements to the operations and capital stripping will result in the Mine generating significant cash flow from operations over the next seven years. The cash flow generated will fully fund the revitalization and be instrumental in executing our growth strategy, including building our high-grade, high margin Ana Paula Project”. | |
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