Minera Alamos engages CSA Global on La Fortuna Gold Project in Mexico
YAHOO FINANCE | 15 DECEMBER 2016 |ONLINE
TORONTO, ONTARIO–(Marketwired – Dec 15, 2016) – Minera Alamos Inc. (TSX VENTURE:MAI) (the “Company” or “Minera Alamos“) is pleased to announce that it has engaged CSA Global Canada Geosciences Ltd. (“CSA Global“) to undertake a Preliminary Economic Assessment of the La Fortuna gold project located in the State of Durango, Mexico and prepare a technical report for the project in accordance with National Instrument 43-101 (the “PEA“).
CSA Global will be working with Minera Alamos to review, and utilize where practical, the analysis and assessments completed by the Company over the past eight months. A preliminary review of this work has now been completed by CSA Global with a schedule to release the PEA near the end of January 2017.
“We hold very high expectations for this project and look forward to providing our investors with a clearer examination of its value,” said Chris Frostad, CEO of Minera Alamos. “Once the PEA is released, we will move quickly to upgrade the study to a pre-feasibility level of compliance for release in Q2 of next year.”
“We believe the project will benefit significantly from the engineering work the company has completed over the past number of months,” said Darren Koningen, President of Minera Alamos. “Through progressive phases of metallurgical analysis, we have continued to find practical approaches to simplify further the development of the La Fortuna project.”
CSA Global is a leading mining, geological, technology and management consulting company with international offices spread across the Americas, Australia, Africa, Asia, and Europe. CSA Global is Minera Alamos’ independent engineering consultant, and the CSA Global personnel who will author/supervise the PEA will be “qualified persons” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.