Minera Alamos announces new manager to undertake expansion activities at La Fortuna project, Mexico

This is hoped to expand the resource base at the company’s flagship La Fortuna gold project in Durango, Mexico. Mr. Altamirano has worked with the Mexican technical team before as the exploration manager for Argonaut Gold’s south extension of the El Castillo gold mine. He has over thirty years’ experience managing exploration programmes in Mexico with both the Mexican Geological Service (Servicio Geologico Mexicano) and many independent mining groups. This included being involved from start-to-finish in the discovery and delineation of Torex Gold Resources’ Media Luna gold project (of which the current supply is estimated at 7.4 million gold equivalent ounces at a grade of 4.48 g/t) in the Guerrero Gold Belt, Mexico.

“We are excited to commence this extensive exploration program to quantify the resource potential of the entire La Fortuna project area,” said Miguel Cardona, Vice President of Exploration for Minera Alamos. “Over the last number of months, we have substantially increased our understanding of the significant mineralizing events that occurred in the La Fortuna area and why this was the site of so much historical gold mining activity. The ability to bring in someone with the experience and capabilities of Robelsis to directly manage our exploration efforts is a significant opportunity for the Company and we are pleased to welcome him to our expanding team”.

The company’s geological department confirmed the potential for resource growth at the La Fortuna project. The present measured and indicated mineral resource of the Main Zone1 (4 800 000t at 1.99 g/t gold containing 308 000 ounces) is located within a limited 300m strike length which was drilled in the mid-1990s. Importantly, this drilling occurred on only one of at least four known systems of gold mineralisation. Although remnants of historic mining activities are present throughout the project area, no modern drilling or systematic exploration has ever been completed elsewhere on the project.

Multiple areas were targeted by the previous team at La Fortuna during the late 1990s, all of which were cancelled due to the depressed gold price at the time. However now that mineralisation is evident at the surface from the north and 500m to the south along the strike from La Fortuna, new drill programmes are to be developed. The company will continue to optimize the program schedule as results become available with plans to carry through aggressively into 2018.

Read the article online at: https://www.globalminingreview.com/exploration-development/22082017/minera-alamos-announces-new-manager-to-undertake-expansion-activities-at-la-fortuna-project-mexico/