Mexican Gold Announces Positive PEA For Las Minas Project
ADVERTISEMENT
The Assay - Mining investment news, insights and company profiles
Mining investment news, insights and company profiles
No Result
View All Result
Subscribe
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Africa Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
The Assay - Mining investment news, insights and company profiles
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Africa Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
No Result
View All Result
Subscribe
The Assay - Mining investment news, insights and company profiles
No Result
View All Result
Home News

Mexican Gold Announces Positive PEA For Las Minas Project

byThe Assay
1 year ago
Reading Time: 3 mins read
Mexican Gold Announces Positive PEA For Las Minas Project

Mexican Gold Mining Corp. (TSXV:MEX) is pleased to announce a positive Preliminary Economic Assessment (PEA) for its 100% owned Las Minas Project in south-eastern Mexico.

The company also announces a new mineral resource estimate, prepared in accordance with National Instrument 43-101, of 443,000 gold equivalent ounces within indicated resources of 4.13 million tonnes at grades of 1.96 g/t gold, 4.64 g/t silver, 1.08% copper, 14.77% magnetite and 361,000 gold equivalent ounces within inferred resources of 5.20 million tonnes at grades of 1.44 g/t gold, 5.97 g/t silver, 0.95% copper, 17.54% magnetite, all reported at a US$80 per tonne Net Smelter Return (NSR) cut-off.

“We are delighted with the economic results for our Las Minas project which is based off our drilling to date at Las Minas,” CEO and Director, Philip O’Neill, said.

“This PEA study demonstrates robust economics with modest initial capital and positive economic returns for the development of an initial mining operation at Las Minas.

“The company believes there is significant resource upside with further drilling at Las Minas both in the immediate area of the existing resource and through exploration of multiple other targets on the mine property.

“In addition to continuing advancement towards development to production and positive cash flow, the company will continue to aggressively explore with the objective of building a larger resource base.

“With success we believe there is good potential to significantly increase the project economics above the base we have now established.

“There are a number of precedent operations in Mexico that have started at a more modest throughput rate based on an initial resource base and then expanded throughput and cash flow as additional resources have been defined through further exploration. Capstone’s Cozamin mine is one example.”

Matt Liard, VP Exploration for Mexican Gold, said the resource and stope modelling in the PEA show that there is opportunity to bring further tonnage into the resource and to bring further resource tonnage into the mine plan through infill drilling.

“Several areas have been identified which show potential for additional tonnes with a tighter drill pattern. In particular, the entire northeast and northwest portions of the El Dorado Zone and almost all of the Santa Cruz Zone require attention, along with multiple smaller discrete enclaves and embayments within the main stoping area.

“Near the Las Minas resource (within <1km to the north and northeast) there are several exploration targets on the main El Dorado Zone contact horizon that have only been lightly or partially investigated by drilling. The targets combine either extensive historic mining activity (Cinco Senores and Changarro) or a strong geophysical response (Carboneras) with a geological case for mineral potential. Recent modelling work on the Santa Cruz Zone has provided a breakthrough in the genetic and morphological understanding of this deposit. This new knowledge should allow for much better definition of the existing deposit and highlights “

The mineral potential of the region is well known, being positioned over an active continental subduction zone. Similar geological features and dozens of mineral showings appear over an area of >100km2 centred on Las Minas, and there is strong evidence that the productive El Dorado contact underlies this entire area. The Las Minas area is also surrounded by various mining districts which show every common type of cordilleran mineral deposit.”

The concept for recovery of the Las Minas resource is through multiple underground mining methods at a production rate of 1,400 t/d with the mineralized material being hauled via truck to an underground crusher, where it is then crushed and conveyed to the processing plant. Processing will produce a copper concentrate containing gold and silver.

Additionally, the tailings would be processed to recover magnetite. Tailings after magnetite recovery would be de-watered and pumped underground as cemented paste backfill. Tailings not placed as paste would be trucked to the tailings storage facility (TSF). Production at the mine would ramp up in year 1, maintain full production to the end of year 8, and decrease in year 9 as the deposit is depleted.

For further information please visit: https://mexicangold.ca/

Tags: DevelopmentGoldMexicoTSXV:MEX
TweetShareSend
Previous Post

Mkango To Acquire 100% Of Songwe Hill Rare Earths Project And Maginito

Next Post

O3 Mining Expands Mineralisation At Alpha

Related Posts

Vizsla Silver Undertaking $34M Brokered Private Placement
News

Vizsla Silver Undertaking $34M Brokered Private Placement

byColin Sandell-Hay, Contributor - The Assay
28 January, 2023
Fission Uranium’s Patterson Lake South Confirmed as Amongst World’s Elite Uranium Projects
News

Fission Uranium’s Patterson Lake South Confirmed as Amongst World’s Elite Uranium Projects

byColin Sandell-Hay, Contributor - The Assay
27 January, 2023
Galantas Gold Acquires Exploration Rights in Scotland
News

Galantas Gold Acquires Exploration Rights in Scotland

byColin Sandell-Hay, Contributor - The Assay
27 January, 2023
Kiboko Drills Multiple High-Grade Intervals at Harricana Gold Project
News

Kiboko Drills Multiple High-Grade Intervals at Harricana Gold Project

byColin Sandell-Hay, Contributor - The Assay
27 January, 2023
Talisman Mining Announces Commencement of Major 2023 Drill Campaign
News

Talisman Mining Announces Commencement of Major 2023 Drill Campaign

byKatie Gordon, Business Reporter - The Assay
26 January, 2023
Exploits Discovery Announces Diamond Drilling Results at Titan Gold Target
News

Exploits Discovery Announces Diamond Drilling Results at Titan Gold Target

byKatie Gordon, Business Reporter - The Assay
26 January, 2023
Next Post
O3 Mining Expands Mineralisation At Alpha

O3 Mining Expands Mineralisation At Alpha

ADVERTISEMENT

Popular Articles

  • Bolivia Maintains it Historic Profile as a Global Silver Centre

    Bolivia Maintains Its Historic Profile as a Global Silver Centre

    0 shares
    Share 0 Tweet 0
  • The Assay Guide to Palladium vs Platinum

    0 shares
    Share 0 Tweet 0
  • The Rise and Rise of Indonesian HPAL – But Can It Continue?

    0 shares
    Share 0 Tweet 0
  • Zinc Mining & Market Outlook 2022-2025

    0 shares
    Share 0 Tweet 0
  • Commodities Markets Stir in the Wake of China’s Reopening

    0 shares
    Share 0 Tweet 0
  • Home
  • News
  • Articles
  • Investor Discussions
  • CEO Interviews
  • Company Profiles
  • Newsletter
  • Magazine
  • About Us
  • Our Team
  • Contact Us
Hyve logo

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Policy

© 2023 The Assay

No Result
View All Result
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Africa Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Policy

© 2023 The Assay

Go to mobile version