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Alio Gold Inc. T.ALO

"Alio Gold Inc is a gold mining company. It is engaged in exploration, development and production in Mexico. Its projects include San Francisco mine in Sonora, Mexico and the development stage Ana Paula project in Guerrero, Mexico."


TSX:ALO - Post by User

Post by auburn2on Jun 13, 2018 4:27pm
196 Views
Post# 28168075

The Northern Miner article

The Northern Miner article

McCunn notes that with Ana Paula’s 560 sq. km, Alio Gold, “has one of the best land packages in the Guerrero belt, and the probability of finding another deposit on our concessions is significant.”

“Torex is immediately to the southeast of us. It’s about 7.5 km to El Limon — you can actually see it from our project — and Leagold’s Los Filos mine is equidistant farther southeast of Torex,” he says. “This is a highly prolific gold belt, and there have been over 3 million oz. produced in it. This will continue to be a world-class gold camp, and we’ve got one of the best land positions in it.”

McCunn admits that with a great land package and a fairly modest market cap, Alio Gold could become a takeover target. When asked if Leagold Mining (TSX: LMC) might be interested, McCunn acknowledges he’s heard the rumours.

https://www.northernminer.com/news/alio-gold-make-construction-decision-ana-paula-q2-2018/1003790172/

 

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