Announcement Date: 2022-10-03
Announcement Type: PEA
Announcement Code: NI43-101
Company name: Minera Alamos Inc.
Project name: Cerro de Oro
Location: Mexico
Commodities: Gold
Highlight: PEA result incl. Post Tax NPV (5%) of USD $150.5M & IRR of 111%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Minera Alamos Inc. (“Minera” or the “Company”) (TSXV: MAI) is pleased to announce the positive results of an independent Preliminary Economic Assessment (“PEA”) for its Cerro de Oro Project (the “Project”) in Zacatecas, Mexico. The PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) by Scott Zelligan, P.Geo., Lawrence Segerstrom, M.Sc.,CPG, Peimeng Ling, P.Eng., Alex Duggan, P.Eng. and Toren Olsen, PG. A Technical Report with the details of the PEA will be filed on SEDAR under the Company’s profile within 45 days of the date of this news release. (Note to reader: Unless stated all currency references are in US dollars). Readers are cautioned that the PEA is preliminary in nature and includes inferred resources that are considered too speculative to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA results will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Additional work is needed to upgrade these mineral resources to mineral reserves.
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