MEXICO - The Mulatos open-pit heap-leach mine in Sonora State, Mexico, poured its first gold dore bar this week weighing in at 3.65 kg (117 ounces). The mine is the main asset of 100% owner ALAMOS GOLD INC., based in Toronto. The material being used to commission the plant is colluvium adjacent to the Estrella deposit and some run-of-mine development ore.
In addition to the power plant, water and leaching systems and gold recovery plant undergoing commissioning, the refurbished crusher and stacking systems are on site for final assembly and civil work for the crusher is progressing. Pre-stripping of the overburden atop the Estrella deposit has begun at a rate of 30,000 tonnes per day. The mine is expected to produce 150,000 oz of gold annually over a life span of about 10.5 years.
The company is sufficiently funded to complete construction of the Mulatos mine. Cash on hand is US$33 million compared with a projected cost to complete the Mulatos construction set at US$18 million. Mine construction is being carried with EPCM contractor, M3 Engineering. Take a virtual tour of Mulatos at www.alamosgold.com.
Alamos currently holds 21,300 hectares of mining concessions near the mine. Phase I Estrella pit reserves are 36,368,000 tonnes at 1.637 g/t Au containing 1,914,000 oz Au. Alamos is currently conducting an advanced exploration program (Phase II expansion pit development) at nearby El Salto, Mina Vieja and Escondida.
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