Stocks in play: Minera Alamos Inc.
Has filed on SEDAR the results of the independent Preliminary Economic Assessment ("PEA") titled "NI43-101 Technical Report, Preliminary Economic Assessment and Mineral Resource Estimate for the Cerro de Oro Gold Project, Zacatecas, Mexico". The results of the PEA were previously discussed in the Company's news release dated October 3rd, 2022 highlights from which are included below. Highlights of PEA (all currency references are in US dollars). Production highlights: Average annual gold production approaching 60,000oz (~60,000oz to 70,000oz in Years 1 through 4). 8.2 year mine life based on initial mineable total of 59 Mt of mineralization (0.37 g/t Au) heap leached at an average rate of approximately 20,000 tpd -- +0.40 g/t Au in Years 1 through 4. Minera Alamos Inc. shares V.MAI are trading down $0.01 at $0.45.
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