Announcement Date: 2022-04-25
Announcement Type: Pre-Feasibility Study
Announcement Code: NI43-101
Company name: Altaley Mining Corp.
Project name: Tahuehueto
Location: Mexico
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: Pre-Feasibility Study results incl. post-tax NPV (5%) of US$110.0M & IRR of 45%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Altaley Mining Corporation (TSXV:ATLY) (OTCQX:ATLYF) (FSE:TSGA) (“Altaley” or the “Company”) today announced the results of an updated Pre-Feasibility study (the “PFS”) for its Tahuehueto Gold Mining Project (the “Project”) located in Durango, Mexico. (All currencies within this press release are quoted USD.) The Project configuration evaluated in the PFS is a conventional, owner-operated underground mine, that will utilize contractor mining in a combination sub-level long hole open stope and cut and fill mining methods. Mill feed will be processed in a 1,000 tonnes per day comminution circuit consisting of primary and secondary crushing, wet grinding to an initial two-circuit flotation/concentration plant producing precious metal rich lead and zinc concentrates and subsequently, in second year of operation a third circuit added to produce copper concentrates. The PFS was prepared by independent third-party consultants, Resource Development Associates Inc. (“RDA”) and integrated updated geological interpretations based on expanded knowledge of the mineral
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