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Minera Alamos Inc V.MAI

Alternate Symbol(s):  MAIFF

Minera Alamos Inc. is a gold production and development company. The Company has a portfolio of Mexican assets, including the 100%-owned Santana open-pit, heap-leach mine in Sonora that is going through the start-up of operations at the new Nicho Main deposit. The Santana Property consists of certain mining claims located approximately east-southeast of Hermosillo, Sonora, Mexico. Additionally, the Company holds a 100% interest in certain contiguous mining concessions referred to as Santa Lucia and Hilda 35 Fraccion 1, located in Sonora State, Mexico. Its 100%-owned Cerro de Oro oxide gold project that comprises Zacatecas I and Zacatecas II concessions is located in northern Zacatecas and covers about 6,500-hectare (ha). The Company holds a 100% interest in the La Fortuna open pit gold project in Durango, which covers about 6,200 ha. The Company also holds a 100% interest in a mining property known as Los Verdes, a molybdenum-copper property located in the State of Sonora, Mexico.


TSXV:MAI - Post by User

Bullboard Posts
Comment by SteveOlds442on Aug 08, 2007 9:13am
251 Views
Post# 13213732

Fundungo: NR is coming..

Fundungo: NR is coming..We expect to see some results from their other property soon. The drill(s) are supposed to be turning for some time now. If you haven't done your research on this - See Below. Your friend in Sonora, Steve. The Cuatro Hermanos property is also a porphyry but potentially huge by comparison with Los Verdes. Numerous holes have been drilled over a period of over thirty years to demonstrate copper mineralization with some molybdenum values over an area of at least 4.5 square kilometers. Drill density is of the order of 500 to 700 metres spacing. We expect to start drilling in early 2007 and, effectively, start reducing that drill spacing in order to eventually quantify the extent of mineralization. Our target is a resource of the order of hundreds of millions of tonnes of mineralization at grades that are expected to average 0.5% copper and molybdenum credits. Drilling is expected to take place in a series of campaigns over the next one to two years.
Bullboard Posts