Mining News
Minera Alamos is one step closer to start construction at Fortuna gold project
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| Flotation equipment at Fortuna project. Image credit: Minera Alamos. |
(Kitco News) - Minera Alamos (TSXV: MAI) announced today that it is in receipt of the complete approval documentation for the company's La Fortuna gold project in Durango, Mexico.
Together with the previously announced change of land use notification, the company possesses all the key federal approvals necessary for the construction of a commercial scale mine and associated processing facilities at the Fortuna project site.
The scope of the Operating Permit includes the initial open pit mine, waste dump areas, crushing, grinding and flotation facilities and all related infrastructure. Allowances were made to include additional stages not required for the current start-up plan (i.e. concentrate cyanidation and detoxification) to provide the company with added flexibility in the future.
Permits allow for an expansion in production volumes up to 2000 tpd in order to accommodate potential new regional sources of mineralization.
"We are pleased to be able to provide this positive update regarding our La Fortuna gold project," commented CEO Darren Koningen, "The company has been focused over the last year with construction activities at Santana, which now have Minera poised to join the ranks of gold producers early in 2021. As that work is nearing completion, we have been able to turn some of our attention back to other parts of our development pipeline. Entering the new year, Minera's assets will provide exposure to its first mining operation, another permitted for development, and permits being submitted for our most recent acquisition Cerro de Oro, providing a strong foundation for continued growth."
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.
