Minera Alamos Provides Mid-Year Construction Update at the Santana Gold Project, Sonora, Mexico; Adds Further Technical Expertise to the Board
Minera Alamos Provides Mid-Year
Construction Update at the Santana Gold
Project, Sonora, Mexico; Adds Further
Technical Expertise to the Board
Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - July 15, 2020) -
Minera Alamos
Inc.
(TSXV: MAI)
(the "Company" or "Minera Alamos")
is pleased to provide 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. "We are also pleased to appoint and welcome Kevin Small to the
Board of Directors. The appointment of Mr. Small expands the board to three independent directors and
further strengthens the technical and operational experience of the Minera team."
Photo 1 - Heap Leach Pad Construction
To view an enhanced version of Photo 1, please visit:
https://orders.newsfilecorp.com/files/4183/59819_54f9ca3524da5b96_002full.jpg
Appointment of Director
Minera is pleased to announce the appointment of Mr. Kevin Small P.Eng to the Board of Directors of
the Company. Mr. Small is currently President and CEO of Jerritt Canyon Gold (100% owned by Sprott
Mining Inc.) where he is responsible for the day to day operations of a 4,000 tpd Roaster and CIL plant
producing between 120,000 oz and 160,000 oz of gold annually. Elsewhere at Jerritt Canyon he is
responsible for the day to day operation of two underground mines and advanced exploration both from
surface and underground.
Throughout his 30-year career, Mr. Small has brought his innovative and strategic-thinking as an
operations leader to numerous mine operations and start-up projects. Most recently, this work has
included Director of Mine Operations at the Beta Hunt mine in Western Australia owned by Karora
Resources Inc. (formerly RNC Minerals); Mine Manager at the East Timmins operations (Taylor mine) of
Kirkland Lake Gold; and Superintendent of Technical Services at St Andrews Goldfields.
Minera Alamos is delighted to strengthen its strong technical board with an exceptional Mining Engineer
of Mr. Small's calibre and look forward to benefitting from his considerable experience and expertise.
The Board of Directors of Minera Alamos has approved the issuance of a total of 750,000 options to a
Director and a Consultant pursuant to its stock option plan. The options, which vest immediately, are
exercisable at a price of $0.54 and expire in five years.
Mr. Darren Koningen, P. Eng., Minera Alamos' CEO, is the Qualified Person responsible for the
technical content of this press release under National Instrument 43-101. Mr. Koningen has supervised
the preparation of, and has approved the scientific and technical disclosures in, this news release.
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 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.
The Company's strategy is to develop low capex assets while expanding the project resources and
pursue complementary strategic acquisitions.
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