Altaley initiates mining and milling operations at its new Tahuehueto gold mine in Mexico
According to the company's statement, construction efforts at the mine site have advanced to allow the startup and commission of one ball mill capable of processing up to 500 tpd.
"Tahuehueto's processing facility is operational allowing for milling up to 500tpd with flotation cells, concentrate thickeners and concentrate filters successfully tested and operational," the company said in a statement.
During the commissioning phase of the first ball mill, a bulk concentrate will be produced and as soon as possible thereafter, the company will process a separate precious metal rich lead concentrate and a zinc concentrate. Copper concentrate production is planned to be initiated late 2022.
"I am very excited to see Tahuehueto commencing pre-production activities and look forward with anticipation to our first concentrate deliveries, anticipated in several weeks, which will bring our company its first revenue from the new, on-site Tahuehueto mineral processing facility," stated CEO Ralph Shearing.
He added that the company will also re-initiate exploration activities to expand reserves and resources, which "…can unlock the hidden, undiscovered ultimate potential of this district-scale project allowing mine expansion and extension to the current life of mine."
|Applying one of the 'best business models in the world' to nascent carbon markets - Vida Carbon|
Altaley Mining is a Canadian based mining company with two 100% owned Mexican gold, silver, and base metal mining projects.
The company's Tahuehueto mining project is in north-western Durango State, Mexico where construction has been advanced to near completion on its 1,000 tonne per day processing facility and related mine infrastructure to initiate production of gold, silver, lead, and zinc in concentrates at Tahuehueto.
The company is targeting initial pre-production in May 2022 and ramping up to full production capacity during Q3-Q4 2022.
The company also owns Campo Morado, which is an operating polymetallic base metal mine with mining and milling equipment currently producing at an average of 2,200 tonnes per day and is currently estimated to be Mexico's 6th largest zinc producer.