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Minera Alamos Inc.
Summary
| Project: | La Fortuna | |
|---|---|---|
| Deposit: | La Fortuna | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 8/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-8-2018: Minera Alamos Inc. announces a PEA report for its La Fortuna deposit at the La Fortuna project. PEA results incl. post-tax NPV of US $69.8M (7.5%), IRR of 93%, and 5yr LOM at the project. Minera Alamos Inc. ("Minera" or the "Company") (TSXV: MA | |
| Resources: | (Resource, M+I): 3.469Mt @ 2.78g/t Au, 16.5g/t Ag, 0.22% Cu | |
| CP/QP: | [Resources]: Scott Zelligan (Independent) | |
| ABSTRACT: | Minera Alamos Inc. ("Minera" or the "Company") (TSXV: MAI) is pleased to announce the positive results of an independent Preliminary Economic Assessment ("PEA") for its La Fortuna Project (the "Project") in Durango, Mexico. The PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") by CSA Global Geosciences Canada Ltd (CSA Global) of Toronto, Canada. (Note to reader: Unless stated all currency references are in US dollars). "This PEA represents a key milestone for the Company as we begin to deliver to the market's attention the underlying project economics of our development pipeline that focuses on cost-efficient and targeted production that can incrementally build a significant production profile over time," commented Doug Ramshaw, President. "With the recently submitted commercial permit applications at the Santana project and ongoing work at the Company's Guadalupe de los Reyes project we are aggressively expanding our activities on multiple fronts. We continue to envision a plan whereby targeted production from the development of the Santana project will support the modest capital requirements of the La Fortuna operation." | |
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