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Minera Alamos Inc

Minera Alamos kicks off second phase drilling at Santana

"Now that the federal project development permit approvals have been received we are excited to commence the drilling phase of our much anticipated 2019 Santana exploration program," said CEO Darren Koningen

gold bars
Minera's drill program at its Santana project is expected to continue through 2019

Minera Alamos Inc (CVE:MAI) (OTCMKTS:MAIFF), the Mexico-focused gold mine developer, said it had kicked off a second phase drill program at its Santana project following a successful permitting process.

Last week, Minera said it had reached a major milestone and has received an MIA (Manifestacion de Impacto Ambiental) or environmental impact statement.

READ: Minera Alamos moves closer to becoming a commercial gold producer with Santana permit

"Now that the federal project development permit approvals have been received we are excited to commence the drilling phase of our much anticipated 2019 Santana exploration program," said CEO Darren Koningen in a statement. 

"The last year has allowed us to dramatically expand our geological understanding of the overall Santana project area and the new drill program should allow us to start to demonstrate its true potential," he added.

The program, which is expected to continue through late this year, will focus on two aspects: resource expansion drilling at the main Nicho deposit as well as follow-up drilling on several new discoveries made during the first phase work in late 2018.

New discoveries

Minera Alamos also noted that while it was advancing the project permitting, it had made a number of new discoveries that also warrant drill testing and would be included in the upcoming drill plans.

Drilling will follow-up on the step-out holes at the main Nicho deposit where first phase drilling returned holes that included: 80.4 meters (m) of 1.05 grams per tonne (g/t) gold and 127m of 0.81 g/t of the yellow metal.

Contact the author at [email protected]

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Price: $0.18

Market: TSX-V
Market Cap: $65.45 m
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Full interview: Minera Alamos starts phase 2 drilling program at Santana...

Minera Alamos (CVE:MAI) President Doug Ramshaw joined Steve Darling from Proactive Investors Vancouver on Skype with news the company has begun phase 2 of their drilling program in Mexico. Ramshaw talked about the work that is happening right now even though it's is the raining season. 

on 15/8/19

2 min read