Minera Alamos Announces Stock Option Issuance
Minera Alamos Announces Stock Option
Issuance
Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - August 10, 2020) -
Minera Alamos
Inc.
(TSXV: MAI)
("Minera Alamos" or the "Company")
- The Board of Directors of Minera Alamos
has approved the issuance of 600,000 options to an Officer of the Company pursuant to its stock option
plan. The options are exercisable at a price of $0.67 and expire in five years.
For Further Information Please Contact:
Minera Alamos Inc.
Doug Ramshaw, President
Tel: 604-600-4423
Email:
Victoria Vargas de Szarzynski, VP Investor Relations
Tel: 289-242-3599
Email:
Website:
www.mineraalamos.com
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 newly acquired 100%-owned Cerro de Oro oxide gold
project in northern Zacatecas that has considerable past drilling and metallurgical work completed and
could enter the permitting process rapidly. The La Fortuna open pit gold project in Durango (100%-
owned) has an extremely robust and positive preliminary economic assessment (PEA) completed and
the Company is nearing the end of the permitting process for the project. A construction decision on La
Fortuna could be made in late 2020 or early 2021, highlighting the organic growth the existing project
portfolio can provide to the overall production profile.
Minera Alamos is built around its operating team
that together brought 3 mines into production in Mexico over the last 12 years.
The Company's strategy is to develop very low capex assets while expanding the projects' resources
and continuing to pursue complementary strategic acquisitions.
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RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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