Minera Alamos buys another Mexico project

The acquisition of the two core claims in the district, which contain a significant gold project with 76 holes and 8 200 m of historic drilling, bolsters the company’s total claim holdings in the Concepcion del Oro district to about 6 500 ha in size.

The two concessions are bounded by existing Minera Alamos concessions and the overall package is surrounded by a larger claim owned by the company providing all the necessary land that would be required to facilitate the development of the deposit.

“The Cerro de Oro gold project has many characteristics that mimic the El Castillo gold mine our team developed under the Castle Gold Corporation banner from 2007 until its eventual sale in 2010,” stated CEO Darren Koningen.

“Cerro de Oro contains a large disseminated gold system with a significant oxidation profile and a low implied strip ratio with the majority of mineralized areas outcropping at surface. Northern Zacatecas has a rich mining history and hosts some of the largest gold deposits in north-central Mexico.”

Some of the notable nearby large-scale mining operations include Newmont’s Peñasquito, 30 km away, Fisco’s Tayahua, Fresnillo’s Noche Buena and Orla’s Camino Rojo.