Minera Alamos Provides Update on Cobre 4H and Copper Assets
Minera Alamos Provides Update on Cobre 4H and Copper Assets
Toronto, Ontario--(Newsfile Corp. - May 3, 2024) - Minera Alamos Inc. (TSXV: MAI) (the "Company" or "Minera Alamos", "Minera") is pleased to provide an update on its Cobre 4H Mexican subsidiary. In light of the limited information contained in recent Minera filings regarding its existing copper assets, the Company believes it is useful to provide some additional information on the Los Verdes and Potreritos projects which were owned by Virgin Metals prior to the company being restructured as Minera Alamos. These projects remain key components of the Company's plan to develop an independent copper entity in due course.
安大略省多倫多-（Newsfile Corp. - 2024年5月3日） - Minera Alamos公司（TSXV: MAI），在此稱爲公司或Minera Alamos，很高興爲其墨西哥子公司Cobre 4H提供更新。鑑於最近Minera的文件中有關其現有銅資產的信息有限，公司認爲提供一些有關Virgin Metals擁有的Los Verdes和Potreritos項目的額外信息很有用，而Virgin Metals之後被重組爲Minera Alamos。這些項目仍是公司發展獨立銅實體計劃的關鍵組成部分。“儘管自Los Verdes PEA報告發布以來成本顯然有所變化，但是最近金屬價格的上漲伴隨而來。當前環境爲重新審視在Sonora南部建立潛在銅產能的“中心”提供了理想機會，那裏有許多已知但未開發的銅礦牀，”Minera Alamos的CEO Darren Koningen表示。“過去Los Verdes項目完成的冶金測試和工程工作非常廣泛，包括礦石分類研究，證明了將開採物料的金屬含量升級到比先前的技術報告中使用的水平高2-3倍的潛力。這個獨特的機會使我們的技術團隊能夠評估額外的發展路徑，並大幅減少CAPEX開支，同時能夠源自周邊地區定義的其他礦牀的物料源。”
"While there have been obvious changes in costs since the Los Verdes PEA report was published this has been accompanied by recent strengthening of metal prices. The current environment provides an ideal opportunity to revisit the development of a potential copper production "hub" in southern Sonora where there exist a number of known but undeveloped copper deposits," stated Darren Koningen, CEO of Minera Alamos. "The metallurgical testwork and engineering completed for the Los Verdes project in the past was extensive and included mineral sorting studies that demonstrated a potential to upgrade the metal content of mined material to a level 2-3 times greater than that used in previous technical reports. This unique opportunity allows our technical team to evaluate additional development paths with significant CAPEX reductions along with the ability to source material from other deposits that may be defined in the surrounding region."
“自洛斯韋德斯 PEA 報告發布以來，成本發生了明顯變化，但近期金屬價格有所上漲。當前環境爲我們查看南索諾拉地區潛在銅礦生產“中心”提供了理想的機會，該地區存在一些已知但未開發的銅礦牀，”Minera Alamos 的首席執行官 Darren Koningen 表示。“洛斯韋德斯項目過去的冶金試驗和工程研究範圍廣泛，包括礦物分選研究，證明可將開採物的金屬含量提升到前幾個技術報告所用的 2-3 倍水平。這是個獨特的機會，我們的技術團隊可以評估其他開發路徑，其CAPEX（資本支出）將大大降低，同時還能從該地區定義的其他礦牀中獲取物料。”
The following sections contain highlights of the current NI43-101 compliant Preliminary Economic Assessment for the Los Verdes project as well as some discussion regarding additional upside potential provided by the nearby Potreritos acquisition. While there are no immediate plans to refile an updated PEA at this time, the Company is presenting the information along with the sensitivity analysis performed on the project economics to provide some background in advance of a restart of engineering and exploration activities related to the projects.
以下部分列出了洛斯韋德斯項目符合NI43-101標準的初步經濟評估的亮點，以及關於附近Potreritos收購提供的額外上行潛力的一些討論。雖然目前沒有立即重新提交更新的PEA計劃，但公司在實施工程和勘探活動相關計劃重啓之前，將公佈該項目的敏感性分析結果來提供一些背景信息。
Los Verdes PEA Economic Highlights
Los Verdes PEA經濟亮點
Highlights from the current PEA for the Los Verdes project are contained in the table below. The PEA report for Los Verdes titled "Los Verdes Cu/Mo Project - Preliminary Economic Assessment was prepared by Golder Associates Ltd. for Virgin Metals Ltd" and dated May 2012, a copy of which is available under the Company's profile on SEDARplus (filed May 25, 2012).
Los Verdes項目當前的PEA報告亮點包含在下表中。Los Verdes Cu/Mo項目-初步經濟評估報告由Golder Associates Ltd.爲Virgin Metals Ltd編制，其日期爲2012年5月，可在SEDARplus（於2012年5月25日提交）發佈的公司資料中找到副本。
|
PEA Los Verdes Base Model1, 2 |
|
| Mineable Resources | 7,000,000 t |
| (0.67% Cu, 0.13% Mo, 0.07% W, 4.85 g/t Ag) | |
| Pre-tax Net Cash Flow | $163,000,000 |
| Net Present Value (5%) | $113,000,000 |
| Internal Rate of Return | 34% |
| Mine Life (years) | 7 |
| Payback (years) | 2.7 |
|
總裁兼首席執行官Brett Richards表示：「我們歡迎與新的戰略股東建立這種合作伙伴關係，他們致力於推動該項目在下一階段的開發。我們代表Goldshore董事會感謝米克爲本公司的技術和商業方法指引，他的離任。我們也歡迎Kyle加入Goldshore董事會。Kyle在商品和資源資本市場上擁有豐富的經驗，通過每個階段的發展，從資源定義、建造到項目財務和長期運作資本結構，資助資產。此次融資和合作是Goldshore的一個新階段，並且是解鎖長期價值和推動成功的關鍵。」 Los Verdes 基礎模型1, 2 |
|
| 可採資源 | 700萬噸（0.67% Cu，0.13% Mo，0.07% W，4.85 g/t Ag） |
| （0.67%銅，0.13%鉬，0.07%鎢，4.85克/噸銀） | |
| 稅前淨現金流 | $1.63億 |
| 淨現值（5%） | $1.13億 |
| 內部收益率 | 34% |
| 礦山壽命（年） | 7 |
| 回收期（年） | 2.7 |
- Due to the location of the tungsten mineralization within the deposit, the economic model assumes it will be processed commencing in year 3 of the operation. Additional metallurgical analysis and process flow work remains outstanding in order to confirm the viability of tungsten recovery opportunities at the Los Verdes deposit. In the current model a recovery rate of 50% was assumed. The positive impact of tungsten recovery on the overall model pre-tax net cash flow equals $25.6 million. Removing the tungsten component from the economic model results in an internal rate of return of 32%.
- Metal prices used: Copper $2.50/lb; Molybdenum $15.00/lb; Silver $20.00/oz; Tungsten $7.20/lb
- 由於鎢礦化物的位置位於礦牀內，因此經濟模型假定在運營第三年開始處理它。對於在Los Verdes礦牀上獲得鎢回收機會的可行性，仍需要進行額外的冶金分析和工藝流程研究來確認。在當前模型中，假定回收率爲50％。重視鎢的回收率對整個模型的稅前淨現金流的正面影響相當於2560萬美元。從經濟模型中刪除鎢成分將導致內部收益率爲32％。
- 所用金屬價格: 銅 $2.50/磅; 鉬 $15.00/磅; 白銀 $20.00/盎司; 鎢 $7.20/磅
Note: The PEA is preliminary in nature. It includes indicated and inferred mineral resources, which are not mineral reserves and do not have demonstrated economic viability; there is no certainty that the preliminary economic assessment will be realized
注意: 初步經濟評估具有初步性質。它包括指示和推斷礦產資源，並非礦藏儲量，未經經濟實用性證明；沒有把握初步經濟評估能實現。
In September 2011, Minera Alamos (ex. Virgin Metals) also acquired the Potreritos project area which is located approximately 2 km north of the Los Verdes property limits. Historic estimates for the Potreritos deposit include 1.4 MM tonnes of indicated resources (0.47% Cu / 0.12% Mo) and 0.8 MM tonnes of inferred resources (0.22% Cu / 0.033% Mo) - (see Virgin Metals news release dated October 27, 2011). As the historic resource estimates are not NI 43-101 compliant they have been excluded from the current Los Verdes PEA study. Management considers that should the historic estimates be upgraded to current resources the close proximity of the two projects would allow for the Potreritos resources to be incorporated into the mining plans for the Los Verdes deposit. As part of the PEA economic model sensitivity analysis the impact of increased resources on the overall Los Verdes project are illustrated in the PEA Economic Highlights summary. The remainder of the sensitivity analysis results are summarized later in this news release.
2011年9月，Minera Alamos (原Virgin Metals)收購了Potreritos項目區，該項目位於Los Verdes物業限制的北部約2公里處。Potreritos礦牀的歷史估計包括1.4百萬噸指示資源(0.47%銅/0.12%鉬)和0.8百萬噸推斷資源(0.22%銅/0.033%鉬) - (見Virgin Metals新聞稿，日期爲2011年10月27日)。由於歷史資源估計不符合NI 43-101標準，因此已被排除在目前Los Verdes PEA研究之外。管理層認爲，如果歷史估算升級爲當前資源，則兩個項目的緊密接近將允許將Potreritos資源納入Los Verdes礦牀的採礦計劃中。作爲PEA經濟模型敏感性分析的一部分，資源增加對整個Los Verdes項目的影響在PEA經濟亮點摘要中有所體現。其餘敏感性分析結果將在本新聞稿後總結。請參見2011年10月27日Virgin Metals新聞稿。由於歷史資源估計不符合NI 43-101標準，因此已將其排除在當前Los Verdes PEA研究之外。管理層認爲，如果歷史資源估算升級爲當前資源，則兩個項目的緊密接近將允許將Potreritos資源納入Los Verdes礦牀的採礦計劃中。作爲PEA經濟模型敏感性分析的一部分，資源增加對整個Los Verdes項目的影響在PEA經濟亮點摘要中有所體現。其餘敏感性分析結果將在本新聞稿後總結。
Suaqui Verde Acquisition
Suaqui Verde收購
Further to the Company's press release of April 26, 2024, specifically regarding the Suaqui Verde project, the following descriptive information is included regarding the transaction. The Company's wholly owned subsidiary Cobre 4H has come to an agreement on merger terms with Minera Gold Copper ("MGC") (as described in the release) that are subject to final paperwork required for closing in Mexico. MGC maintains certain rights including rights to the Suaqui Verde project concessions. The Company is aware that these rights have been the subject of various legal proceedings in the past and that other parties have contested ownership of the project. The Company has reviewed the information provided by MGC as it relates to the history and status of recent court judgements regarding MGC's rights to ownership of the Suaqui Verde concessions and believes those judgements and MGC's rights to be valid and enforceable.
關於公司2024年4月26日新聞稿，特別是有關Suaqui Verde項目的部分，以下是對交易的描述性信息。公司的全資子公司Cobre 4H已就與Minera Gold Copper（“MGC”）（如新聞稿所述）的併購條款達成協議，該協議需待墨西哥完成最終文件審批。MGC保留某些權利，包括在Suaqui Verde項目特許權方面的權利。公司知曉這些權利過去曾是各種法律訴訟的主題，並且其他方主張對該項目的所有權。公司已審查了MGC提供的與最近法院判決有關的歷史和權利狀態的信息，認爲這些判決和MGC的權利是有效的和可執行的。
Los Verdes Deposit PEA - Summary of Technical Data
Los Verdes礦牀PEA - 技術數據摘要
The Los Verdes deposit PEA is based on a resource estimate completed by Golder Associates which contains a total resource (measured + indicated) of 7.7MM tonnes - 0.64% copper, 0.12% molybdenum, 0.07% tungsten, 4.75 g/t silver (see Los Verdes Resource Estimate section for details). The study envisions the construction of a new mine and processing facility with an average annual production rate of approximately 1 MM tonnes over a 7-year mine life. Highlights from the study are as follows:
Los Verdes礦牀PEA基於Golder Associates完成的資源估算，其中包括總資源(測定+指示)爲7.7百萬噸 - 0.64%銅、0.12%鉬、0.07%鎢、4.75 g/t銀(詳見Los Verdes資源估算部分)。該研究設想建設一個新的礦山和加工設施，平均年產量約爲1百萬噸，生產年限爲7年。研究的亮點如下：
| Mineable Resources:1 | 7 MM tonnes (0.67% Cu, 0.13% Mo, 0.07% W, 4.85 g/t Ag) |
| Metal Prices: | Copper $2.50/lb; Molybdenum $15.00/lb; Silver $20.00/oz; Tungsten $7.20/lb(W) |
| Initial Capital Costs: | $92 MM (additional $18 MM sustaining capital over life of mine) |
| Mine Production Rate: | 3,000 tonnes per day |
| Cash Costs: | -$0.73 /lb of copper after byproduct credits (-$0.32 /lb excluding tungsten) |
| Metallurgical Recovery: | 85% for copper/molybdenum/silver |
| 可採資源: 7百萬噸(0.67%銅、0.13%鉬、0.07% W、4.85g/t Ag)1 | 銅 $2.50/磅；鉬 $15.00/磅；白銀 $20.00/盎司；鎢 $7.20/磅(W) |
| 金屬價格: | 初期資本成本 |
| $92百萬($18百萬維持資本開支，持續礦生命週期): | 每天3,000噸 |
| -每磅銅的副產品減免爲- $0.73 /磅(排除鎢後爲- $0.32/磅) | 銅/鉬/白銀的85% |
| 現金成本: | 通過制定初步的Whittle採礦坑輪廓，並根據當前PEA的經濟參數生產來估算可採資源。沒有對回收品位施加稀釋因素，因爲基本上所有(95%以上)的資源塊都是可採的。 |
| 冶金回收率: | $92百萬的初始資本成本估算包括獨立加工設施、礦山預開採、尾礦存儲設施的第一階段和所有必要的場地基礎設施以使礦山投產。流程設施估算包括保守的30%的備用金以應對當前研究中未詳細列出的要求。維護資本估算中最大的組成部分是在生產第二年建造鎢加工設施和第4年的尾礦設施擴建。爲了節約資本，決定聘用承包商進行所有采礦和粉碎活動。 |
- Estimate of mineable resources was prepared by the production of a preliminary Whittle pit outline using economic parameters from current PEA. No dilution factor was applied to recovered grades due to the fact that essentially all (+95%) of the resource blocks were mineable.
- 如詳見Los Verdes資源估算部分，Los Verdes PEA是基於Golder Associates完成的資源估算，其中包括總資源(測定+指示)爲7.7百萬噸 - 0.64%銅、0.12%鉬、0.07%鎢、4.75 g/t銀。 該研究設想建設一個新的礦山和加工設施，平均年產量約爲1百萬噸，生產年限爲7年。
The initial capital cost estimate of $92 MM included the construction of a stand-alone processing facility, mine pre-stripping, phase 1 of the tailings storage facilities and all necessary site infrastructure to bring the mine into production. A conservative 30% contingency was included with the process facility estimate to account for requirements that are not detailed in the current study. The largest components of the sustaining capital estimate of $18 MM is the construction of a tungsten processing facility in the second year of production and a phase 2 expansion of the tailings facilities in year 4. In order to conserve capital a decision was made to utilize contractors for all mining and crushing activities.
資源估算的可採估計是通過制定初步的Whittle採礦坑輪廓，並根據當前PEA的經濟參數生產來估算的。對回收品位沒有施加稀釋因素，因爲基本上所有(95%以上)的資源塊都是可採的。
The average life-of-mine (LOM) unit operating costs for the project were estimated at $35/ tonne. This figure is broken down as follows:
該項目的礦山平均營運成本（LOM）估計爲每噸35美元。這一數字可以分解爲以下幾個部分：
- $1.70/ tonne mining ($3.40/ tonne ore with LOM stripping ratio of 1/1)
- $0.80/ tonne Virgin Metals mine services
- $18.70/ tonne milling process costs (including $3.00/ tonne crushing)
- $2.00/ tonne G&A costs (including external contractors/consultants)
- approx. $10/ tonne related to concentrate transportation, smelting and refining charges
- 每噸1.70美元的採礦費用（採礦成本爲每噸3.40美元，LOM剝離比爲1/1）
- 每噸0.80美元的貴金屬礦場服務費用
- 每噸18.70美元的選礦加工成本（包括每噸3.00美元的破碎費用）
- 每噸2.00美元的一般性和行政費用（包括外部承包商/諮詢顧問）
- 大約每噸10美元與濃縮物運輸、冶煉和精煉費用有關
Based on metallurgical testwork completed for the project a conservative metal recovery of 85% to concentrates was assumed for copper, molybdenum and silver. The current metallurgical flowsheet has been able to demonstrate that salable quality concentrates can be produced for all of these components (note - silver reports to copper concentrate). A preliminary allowance of 50% for tungsten recovery has been included in the current study. Additional metallurgical work is required to determine whether the recovery of tungsten to a salable concentrate is a viable option for the Los Verdes deposit. "Typical" concentrate treatment terms and conditions have been utilized for all economic analyses.
基於項目完成的冶金測試，假定銅、鉬和白銀的濃縮礦金屬回收率爲85％，這是一個保守的數字。目前的冶金流程圖已能夠證明所有這些成分的可銷售品質的濃縮物被生產出來（注意-銀含量報告到銅濃縮物）。目前的研究中已包括對鎢回收的50％預先留配，以確定鎢的回收是否成爲Los Verdes存款的可行選項，還需要進行其他冶金研究。在所有經濟分析中都應使用“典型”的濃縮物處理條款和條件。
A number of opportunities were identified in the PEA study to further enhance the Los Verdes project development plan and economics. These included:
在PEA研究中，發現了一些進一步加強Los Verdes項目開發計劃和經濟學的機會，包括：
- Optimization studies aimed at improving overall metal recoveries;
- Inclusion of used equipment for plant facilities;
- Evaluation of alternatives for tailings containment facilities;
- Discussions with purchasers of metal concentrates to maximize payable metal values; and
- Metallurgical work on oxide resources to determine if additional cash flows can be generated from material currently classified as "waste".
- 旨在提高總體金屬回收率的優化研究；
- 包括工廠設施的二手設備；
- 評估尾礦壓實設施的替代方案；
- 與金屬濃縮物購買者進行討論，以最大化應付金屬價值；
- 就氧化物資源開展冶金工作，以確定是否可以從當前被歸類爲“廢料”的材料中產生額外現金流。
Sensitivity Analyses
敏感性分析
The results of a sensitivity analysis performed on the Lose Verdes deposit PEA base case economic model are shown in the table below. The sensitivity modeling demonstrates that the project economics are most impacted by variations in metal prices and mined grades and least impacted by capital requirements and operating costs.
對Lose Verdes存款PEA的基準經濟模型進行的敏感性分析結果如下表所示。敏感性建模證明項目經濟受金屬價格和開採等級的變化影響最大，而受資本要求和營運成本影響最小。
| Los Verdes PEA Sensitivity Analysis | |||||
| Project NPV: ($ MM) | |||||
| Sensitivity | Variances | Value | 0% | 5% | IRR |
| Metal Prices | -15% | -- | $94 | $58 | 20% |
| ($/lb for Cu/Mo) | Base Case | -- | $163 | $113 | 34% |
| +15% | -- | $233 | $168 | 46% | |
| Resource Grade | -15% | -- | $104 | $66 | 22% |
| (%Cu, %Mo) | Base Case | -- | $163 | $113 | 34% |
| +15% | -- | $223 | $160 | 44% | |
| Total LOM Capital | -15% | $93 | $180 | $128 | 42% |
| ($ MM) | Base Case | $110 | $163 | $113 | 34% |
| +15% | $126 | $147 | $97 | 27% | |
| Mining Cost | -15% | $2.90/ tonne | $167 | $115 | 34% |
| (per tonne of ore) | Base Case | $3.40/ tonne | $163 | $113 | 34% |
| +15% | $3.90/ tonne | $160 | $110 | 33% | |
| Milling Cost | -15% | $15.90/ tonne | $183 | $128 | 37% |
| (per tonne of ore) | Base Case | $18.70/ tonne | $163 | $113 | 34% |
| +15% | $21.50/ tonne | $144 | $97 | 30% | |
| Los Verdes PEA敏感性分析 | |||||
| 項目NPV：（$ MM） | |||||
| 靈敏度 | 差異 | 數值 | 0% | 5% | IRR |
| 金屬價格 | -15% | -- | $94 | $58 | 20% |
| （Cu / Mo每磅$） | 基準案例 | -- | $163 | $113 | 34% |
| +15% | -- | $233 | $168 | 46% | |
| 資源等級 | -15% | -- | $104 | $66 | 22% |
| (%銅，%鉬) | 基準案例 | -- | $163 | $113 | 34% |
| +15% | -- | 223美元 | $160 | 44% | |
| 總LOM資本 | -15% | $93 | $180 | $128 | 42% |
| ($百萬) | 基準案例 | $110 | $163 | $113 | 34% |
| +15% | $126 | $147 | $97 | 27% | |
| 開採成本 | -15% | $2.90/噸 | $167 | $115 | 34% |
| (每噸礦石) | 基準案例 | $3.40/噸 | $163 | $113 | 34% |
| +15% | $3.90/噸 | $160 | $110 | 33% | |
| 磨礦成本 | -15% | $15.90/噸 | $183 | $128 | 37% |
| (每噸礦石) | 基準案例 | $18.70/噸 | $163 | $113 | 34% |
| +15% | $21.50/噸 | 144美元 | $97 | 30% | |
Los Verdes Resource Estimate
Los Verdes資源估計
The Los Verdes deposit PEA is based on a resource estimate completed by Greg Greenough, P.Geo. of Golder Associates, using block model estimation techniques.
Los Verdes礦牀PEA是由Golder Associates的Greg Greenough，P.Geo. 使用塊模型估算技術完成的資源估計的基礎。
Wire frame domains of Supergene and Oxide zones noted in the drill data were constructed and used as constraints throughout the resource estimation process. An unfolding technique was used to provide a more robust estimate which takes into account undulations and irregularities in the deposit shape. With drill spacing at approximately 50 m, a block size of 15 x 15 x 5 m was chosen. Variogram analysis of Cu, Mo, W, and Ag on the 1 m composites (in unfolded space) provided the variogram models used in Ordinary Kriged estimates, and also for determining the estimation search volumes. Validation of the Kriged estimate included visual checks and global comparisons to Nearest Neighbour (de-clustered data) estimates. Reported resources are restricted to the Supergene domain.
在採樣數據中，超生沉積帶和氧化帶的框架域被構建並用作整個資源估算過程中的約束條件。採用一種展開技術，以提供更爲穩健的估算結果，該技術考慮到礦牀形狀的波動和不規則性。由於鑽孔點距約爲5000萬，因此選擇了15×15×500萬的塊大小。 Cu，Mo，W和Ag在100萬複合體中的變差分析提供了 Ordinary Kriged 估算所用的變差模型，並用於確定估算搜索體積。 Kriged 估算的驗證包括可視性檢查和與最近鄰（去除的數據）估算的全局比較。報告的資源受限於Super-gene區域。
A summary of the current resources is shown in the table below.
當前資源摘要如下表所示。
| Los Verdes Resource Estimates | ||||||
| Cut-off ($)2 | Tonnes |
Cu (%) |
Mo (%) |
W (%) |
Ag (oz/t) |
|
| Measured | 30 25 |
6,036,000 6,279,000 |
0.69 0.67 |
0.14 0.13 |
0.08 0.07 |
4.98 4.91 |
| Indicated | 30 25 |
1,263,000 1,427,000 |
0.55 0.51 |
0.11 0.10 |
0.06 0.05 |
4.23 4.02 |
| Measured + Indicated | 30 25 |
7,299,000 7,705,000 |
0.67 0.64 |
0.13 0.12 |
0.08 0.07 |
4.85 4.75 |
| Inferred | 30 25 |
173,000 208,000 |
0.07 0.07 |
0.13 0.12 |
0.02 0.02 |
-- -- |
| Los Verdes資源估計 | ||||||
| 切割值（$）2 | 噸 |
銅 (%) |
Mo (%) |
W (%) |
金 （盎司/噸） |
|
| 測量 | 30 25 |
6,036,000 6,279,000 |
0.69 0.67 |
0.14 0.13 |
0.08 0.07 |
4.98 4.91 |
| 指示資源 | 30 25 |
1,263,000 1,427,000 |
0.55 0.51 |
0.11 0.10 |
0.06 0.05 |
4.23 4.02 |
| 已知和指示資源總計 | 30 25 |
7,299,000 7,705,000 |
0.67 0.64 |
0.13 0.12 |
0.08 0.07 |
4.85 4.75美元 |
| 詳見2024年4月3日新聞稿 | 30 25 |
173,000 208,000 |
0.07 0.07 |
0.13 0.12 |
0.02 0.02 |
-- -- |
Notes:
注：
- Value of tungsten was excluded from calculation of resource block values
- Resource block values calculated using the following metal prices -- $2.50/lb copper, $15/lb molybdenum, $20/oz silver
- $25/ tonne utilized for base case resource estimates.
- Estimates shown are for sulphide resources only. Oxide components in upper part of deposit are currently classified as "waste".
- 鎢價值未計入資源區塊價值的計算中
- 以下金屬價格用於資源區塊價值計算 -- $2.50/磅銅，$15/磅鉬，$20/盎司白銀
- 基準情況下，每噸25美元用於資源估算。
- 顯示的估算僅針對硫化物資源。礦牀上部的氧化物組分目前被歸類爲“廢物”。
Los Verdes
洛斯韋德斯
The Los Verdes property is a historic molybdenum producer, which was extensively drilled in the 1970s. Repetition and expansion of that drilling by Virgin in 2006 and 2007 resulted in the completion of a pre-feasibility study in 2008. That pre-feasibility study demonstrated, in considerable detail, a robust project based on molybdenum and copper recovery only; with upside existing in tungsten and silver recovery as well as improvements in copper and molybdenum recoveries. The Los Verdes resource comprises a modest sized, compact zone of molybdenum, copper and tungsten mineralization located at the crest of a steep ridge. The geometry of the deposit is ideal for low cost open pit mining.
洛斯韋德斯財產是一家歷史悠久的鉬生產者，在20世紀70年代進行了大量鑽探。Virgin在2006年和2007年通過重複擴展鑽探，完成了2008年的可行性研究。該可行性研究詳細說明了一個基於只回收鉬和銅的強大項目；存在回收鎢和銀以及改善銅和鉬回收率的上行空間。洛斯韋德斯資源包括位於陡峭山脊頂部的小型緊湊型鉬，銅和鎢礦化帶。礦牀的幾何形狀非常適合低成本露天開採。
In September 2011, the neighbouring Potreritos property was acquired and added to the project. Potreritos contains the workings of two historic mining operations (Buenavista and La Providencia) and is in close proximity to Virgin Metals Los Verdes project. During the 1960's and 1970's the Buenavista and Tres Piedras (now La Providencia) deposits were operated by Minera Galaviz, SA de CV which constructed a flotation plant in the area to recover copper and molybdenum. The two deposits are located in close proximity to each other (approx. 200 m) and may be part of the same geological system. Historical copper and molybdenum concentrations in the rock from the deposits at Potreritos are similar to those expected at Los Verdes.
2011年9月，鄰近的Potreritos財產被收購併添加到項目中。Potreritos包含兩個歷史性礦業運營場所的工作區域（Buenavista和La Providencia），並且與Virgin Metals Los Verdes項目非常接近。在20世紀60年代和70年代，Buenavista和Tres Piedras（現在爲La Providencia）礦牀由Minera Galaviz，SA de CV經營，並在該地區建造了一個浮選廠以回收銅和鉬。這兩個礦牀彼此靠近（約200米），可能屬於同一地質系統。Potreritos礦牀的岩石中的歷史銅和鉬濃度與Los Verdes預期的濃度類似。
The Los Verdes/Potreritos project is made up of 17 titled exploration concessions, covering 6,629 hectares. It lies within what could be considered the southerly extension of the Basin and Range province of the southwestern USA, near the boundary with the Sierra Madre Occidental province.
Los Verdes/Potreritos項目由17個探礦許可證組成，覆蓋6,629公頃。它位於美國西南盆地和山脈地帶的南端，靠近西班牙語主要區的邊界。
PEA Study Development Methodology
PEA研究開發方法
The general methodology utilized for the development of the PEA study was:
PEA研究開發的一般方法如下：
- A complete metallurgical processing model was completed using the Metsim software package and utilizing the testwork data completed primarily at SGS Lakefield Research.
- Mass and energy flows were taken directly from the process model and then utilized to identify and size all major process equipment items.
- Capital costs were estimated for individual equipment then applied to account for additional requirements such as foundations, piping, electrical, buildings and engineering.
- A conservative 30% contingency was added to all process plant capital cost estimates to account for items that were not specifically identified at this stage of the study.
- Conceptual capital costs were prepared for tailings containment facilities. A study is currently underway in conjunction with Golder Associates to better define the optimal tailings containment strategy and costs.
- Infrastructure were developed based on a plant site location within approximately 2 km of the mine site. Infrastructure requirements included road construction and upgrades, power lines and site preparations. An allowance was made for the construction of a new road from the plant to the main highway in order to ensure that mine traffic bypasses the local town.
- Owner's costs include allowances for permitting requirements, freight, first fill of consumables, spare parts and plant commissioning. Excluded from owner's costs are corporate overheads and working capital requirements.
- Operating costs were developed based on estimated staffing levels, consumables (from testwork and modeling) and expenditures required to support the mine and its associated processing, maintenance and administrative activities. Power requirements were estimated based on equipment motor sizings and assuming a conservative delivered charge of $0.13 /kWh.
- An overall contingency of 20% was applied to the operating cost totals (excluding labour) to account for additional cost items such as outside contractors, laboratory consumables, vehicle fuel requirements, etc.
- All mine operating activities are assumed to be the responsibility of a third party mine contractor. Contractor rates include drilling, blasting and transportation of the waste/ore. Costs for the Company mine services group were prepared separately and included separately.
- Crushing was assumed to be the responsibility of a third party contractor using portable crushing equipment (two stage crushing circuit). Contractor rates include crushing, handling and transport of crushed ore to plant facilities.
- A conceptual Whittle open pit model was prepared in conjunction with Golder Associates using economic parameters from the current PEA study. Results from the modeling demonstrate that almost all of the current Los Verdes resource blocks (+95%) are "mineable". Life-of-mine strip ratio is approximately 1.1 (waste) to 1 (ore). More detailed mine development plans will be prepared as part of future feasibility study efforts.
- 使用Metsim軟件包完成了完整的冶金加工模型，並利用主要在SGS Lakefield Research完成的試驗數據。
- 將質量和能量流程直接從流程模型中取出，然後用於識別和確定所有主要的流程設備項目。
- 爲了考慮到本階段未具體確定的額外需求（例如地基、管道、電氣、建築物和工程等），估算了單獨設備的資本成本。
- 針對所有工藝廠資本成本估算增加了30％的保守性估計，以考慮在本研究階段未明確定義的項目。
- 概念性的工藝廠資本成本已準備好用於尾礦堆存設施。當前正在與Golder Associates共同進行研究，以更好地定義最佳的尾礦堆存策略和成本。
- 基礎設施是基於工廠在離開採現場約2公里的位置。基礎設施要求包括道路建設和升級，電力線路和現場準備。爲了確保礦山交通繞過當地城鎮，預留了在工廠和主要公路之間修建新道路的費用。
- 業主成本包括許可要求，運費，消耗品，備件和工廠調試的津貼。業主費用不包括公司經費和運營資本需求。
- 基於估算的員工水平，消耗品（來自測試和建模）以及支持礦山及其相關處理，維護和管理活動所需的支出，制定了運營成本。基於設備電動機大小估算了電力需求，假設交付費用爲13美分/千瓦時。
- 操作費用總額（不包括勞動力）增加了20%的應急儲備，以應對其他成本項目，例如外部承包商、實驗室耗材、車輛燃料需求等。
- 所有礦山操作活動均由第三方礦場承包商負責。承包商費率包括廢物/礦石的鑽探、爆破和運輸。公司礦山服務組的成本將分別制定和單獨包含。
- 破碎作業由第三方承包商負責，使用便攜式破碎設備(兩級破碎迴路)。承包商費率包括破碎、處理和運輸到工廠設施的礦石。
- 概念惠特爾露天礦模型是與Golder Associates公司一起準備的，使用當前PEA研究的經濟參數。建模結果表明，當前Los Verdes資源方塊的幾乎全部(95%以上)都是“可採礦”的。礦山維持生命的浸出比約爲1.1(廢棄物)：1(礦石)。更詳細的礦山開發計劃將作爲未來可行性研究工作的一部分制定。
Potreritos Deposit
Potreritos存款
The Potreritos project hosts the historic Buenavista mine and Provindencia mines. The pegmatitic bodies with higher grade disseminated mineralization are located in the north-central portion of the property. The Buenavista zone is constituted by a 200 m by 250 m ovoid shaped area with at least 50 m of depth, conformed by fine grained granodiorite stock, traversed by numerous pegmatitic quartz K-feldspar dikes. Drilling has demonstrated the potential for this mineralized zone to extend at depth. Foliated masses of molybdenite, associated with black coloured acicular tourmaline, characterize its composition. Within the area, several outcrops of breccias pipe bodies (2 km diameter), rich in tourmaline and quartz, have been located.
Potreritos項目擁有歷史悠久的Buenavista礦和Provindencia礦。高品位的沉積礦化斑點體位於資產的中北部。Buenavista區由一個20000萬乘以25000萬的卵形區域組成，深度至少爲5000萬，由細粒的花崗岩庫存構成，由許多帶狀石英鉀長石岩石貫穿。鑽探表明，這一礦化區的潛力可以延伸到深處。輔以具有黑色針狀碳酸鹽礦物的輝鉬礦形成。在該區域內，已發現多個含有鈦鐵礦和石英-鈦鐵礦角礫岩的出露體(2公里直徑)。
In addition to the mineralization already identified in the areas of historic mine workings, the geology of the Potreritos deposit is such that it allows for the existence of similar bodies in areas not yet explored. Exploration work completed in 2007/8 in conjunction with the SGM (Servico Geologico Mexicano) has identified a number of other occurrences within the Potreritos claim area with indications of copper/molybdenum mineralization.
除已確認的礦化區外，Potreritos存款的地質學允許在尚未探索的區域存在類似的礦體。2007/2008年與墨西哥地質勘探局(SGm)合作完成的勘探工作，在Potreritos索賠區內識別出多個含有銅/鉬礦化跡象的區域。
A significant IP anomaly in the south of the property (El Moro - Los Tajos area) corresponding to a zone of intense pyritization and surface geochemical samples that are anomalous in copper and molybdenum. A historic diamond drill hole completed in this area encountered a 3 cm long molybdenite crystal at a depth of 126 m.
An IP anomaly in the east of the property (Algarrobos area) coinciding with the presence of quartz-tourmaline breccias and tungsten anomalies such as those located at the Los Verdes deposit.
A fumarolic epithermal zone in the northwest of the property characterized by a strong anomaly with the presence of arsenic, tellurium and selenium. A historic borehole drilled in this zone intercepted an intrusive body which was highly fractured and altered, containing traces of copper and molybdenum below the volcanic rock. It is believed that the alteration found at surface in the volcanic rocks could be owed to this intrusion and at greater depths may form a mineralized copper-molybdenum deposit.
位於屬性南部(El Moro - Los Tajos地區)的顯著IP異常對應於一個強烈黃鐵礦化帶和地表地球化學樣品呈銅、鉬異常。在這個區域完成的歷史鑽探孔在12600萬深處遇到一顆3厘米長的輝鉬礦晶體。
資產東部(Algarrobos地區)的IP異常與石英-鈦鐵礦角礫岩的存在以及像Los Verdes礦牀所在的那樣的鎢異常相符。
包括在歷史性礦山作業區的礦化區已確定，Potreritos存款地質允許在尚未探索的區域存在類似的礦體。2007/2008年與墨西哥地質勘探局(Servico Geologico Mexicano)合作完成的勘探工作，在Potreritos索賠區內識別出多個含有銅/鉬礦化跡象的區域。
Mr. Darren Koningen, P. Eng., Minera Alamos' CEO, is the Qualified Person responsible for the technical content of this press release under National Instrument 43-101.
Minera Alamos首席執行官Darren Koningen，P. Eng.是《43-101國家規定下負責本次新聞稿技術內容的合格人士》。
For Further Information Please Contact:
欲知更多詳情，請聯繫：
Minera Alamos Inc.
Minera Alamos Inc.
Doug Ramshaw, President
Tel: 604-600-4423
Email: dramshaw@mineraalamos.com
Doug Ramshaw, 總裁
電話：604-600-4423
電子郵件：dramshaw@mineraalamos.com
Victoria Vargas de Szarzynski, VP Investor Relations
Tel: 289-242-3599
Email: vvargas@mineraalamos.com
VP投資者關係Victoria Vargas de Szarzynski
電話：289-242-3599
電子郵件：vvargas@mineraalamos.com
Website:
網址：
About Minera Alamos Inc.
關於Minera Alamos Inc.
Minera Alamos is a gold production and development Company undergoing the operational start-up of its first gold mine that produced its first gold in October 2021. The Company has a portfolio of high-quality Mexican assets, including the 100%-owned Santana open-pit, heap-leach mine in Sonora that is currently going through its operational ramp up. The 100%-owned Cerro de Oro oxide gold project in northern Zacatecas has considerable past drilling and metallurgical work completed and the proposed mining project is currently being guided through the permitting process by the Company's permitting consultants. The La Fortuna open pit gold project in Durango (100%-owned) has a positive, robust preliminary economic assessment (PEA) completed, and the main Federal permits are in place. Minera Alamos is built around its operating team that together brought three open pit heap leach gold mines into successful production in Mexico over the last 13 years.
Minera Alamos是一家黃金生產和開發公司，正在啓動第一座金礦，並於2021年10月生產出了第一批金礦。該公司擁有高品質的墨西哥資產組合，其中包括100%擁有的Santana露天堆浸礦(正在經歷其運營上升階段)，位於索諾拉州。100%擁有的Cerro de Oro氧化物黃金項目位於扎卡特卡斯北部，已完成相當數量的鑽探和冶金工作，擬議採礦項目目前正在被公司的許可顧問指導通過許可流程。位於杜蘭戈州的La Fortuna露天黃金項目(100%擁有)已進行了積極、堅實的初步經濟評估(PEA) ，主要聯邦許可已得到批准。Minera Alamos的運營團隊在過去的13年裏一起將三個露天堆浸金礦帶入了成功的生產階段。
The Company's strategy is to develop very low capex assets while expanding the projects' resources and continuing to pursue complementary strategic acquisitions.
公司的策略是發展非常低的資本支出資產，同時擴大項目的資源並繼續追求互補的戰略收購。
Caution Regarding Forward-Looking Statements
關於前瞻性聲明的警示
This news release may contain forward-looking information and Minera Alamos cautions readers that forward-looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Minera Alamos included in this news release. This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to Minera Alamos and Minera Alamos provides no assurance that actual results will meet management's expectations. Forward-looking statements include timing, cost estimates and statements with respect to Minera Alamos' future plans, objectives and goals with respect to the Cerro de Oro gold mine including the receipt of permits and construction timeline, and the satisfaction by the Company of the closing conditions to draw the Remaining Amount. Since forward-looking statements are based on assumptions and address future events and conditions that, by their very nature involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, the economics of processing methods, project development, reclamation and capital costs of Minera Alamos' mineral properties, the ability to complete a preliminary economic assessment which supports the technical and economic viability of mineral production could differ materially from those currently anticipated in such statements for many reasons. Minera Alamos' financial condition and prospects could differ materially from those currently anticipated in such statements for many reasons such as: an inability to finance and/or complete an updated resource and reserve estimate and a preliminary economic assessment which supports the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Minera Alamos' activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Minera Alamos' forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on Minera Alamos' forward-looking statements. Minera Alamos does not undertake to update any forward-looking statement that may be made from time to time by Minera Alamos or on its behalf, except in accordance with applicable securities laws.
本新聞稿可能包含前瞻性信息，Minera Alamos提醒讀者，前瞻性信息基於某些假設和風險因素，這些假設和風險因素可能導致Minera Alamos的實際結果與這個新聞稿的預期不符。本新聞稿包括某些“前瞻性聲明”，通常可通過使用諸如“相信”、“預計”、“期望”、“估計”、“可能”、“可能”、“將”或“計劃”之類的詞語來識別。這些聲明基於目前可用於Minera Alamos的信息，Minera Alamos不保證實際結果將與管理層的預期相符。前瞻性聲明包括時間、成本估算以及有關Minera Alamos未來計劃、目標和目標的聲明，其中包括Cerro de Oro金礦的有關許可證和建設時間表，以及Minera Alamos在Closing Conditions達成過程中的滿足情況。由於前瞻性聲明基於假設並涉及到未來事件和條件，這些未來事件和條件因其本質上涉及內在風險和不確定性，因此應予以謹慎考慮。對於探索結果、處理方法的經濟性、項目開發、回收成本及Minera Alamos礦業資產，提供實際結果可能因許多原因與當前在此類聲明中預期的實際結果有所不同。Minera Alamos的財務狀況和前景可能因許多原因與此類聲明中當前預期的實際結果有所不同，例如：無法籌資和/或完成一份支持礦物生產技術和經濟可行性的更新資源和儲量估計以及初步經濟評估；經濟狀況和金融市場狀況的變化；對礦物的需求和價格的變化；訴訟、立法、環境和其他司法、監管、政治和競爭發展；Minera Alamos活動中遇到的技術和運營困難；以及本新聞稿及與證券監管機構申報的其他事項。這份名單並非詳盡列舉可能影響Minera Alamos任何前瞻性聲明的因素。這些和其他因素應認真考慮，讀者不應過度依賴Minera Alamos的前瞻性聲明。Minera Alamos無法保證會在任何時候發佈任何前瞻性聲明，也不保證會隨時發佈任何前瞻性聲明或代表Minera Alamos發佈任何前瞻性聲明，除非根據適用的證券法律要求這樣做。
The Company does not have a feasibility study of mineral reserves, demonstrating economic and technical viability for the Santana project, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit. Historically, such projects have a much higher risk of economic and technical failure.
公司沒有針對Santana項目進行礦產儲量可行性研究，以展示礦物的經濟和技術可行性，因此可能存在達到任何特定礦物恢復率的不確定性，或這種恢復的成本，包括開採具有商業性的存款的風險歷史上這樣的項目存在經濟和技術風險較大。
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TSX Venture exchange和其監管服務提供商（按照TSX Venture exchange的定義）不承擔此發佈的充分性或準確性的責任。