Cerro de Oro Funding Package Update
Toronto, Ontario--(Newsfile Corp. - October 3, 2023) - Minera Alamos Inc. (TSXV: MAI) ("Minera" or the "Company") is pleased to announce the results of an independent estimate of the Mineral Resources currently outlined at the Santana gold project (the "Project") in Sonora, Mexico. The Resource Estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") by Scott Zelligan P.Geo, an independent QP as defined in NI 43-101. A Technical Report with the details of the Resource Estimate will be filed on SEDARplus under the Company's profile within 45 days of the date of this news release.

"This maiden resource covers just the development zones in the immediate area of the current Santana mine operations and is a major step in highlighting the robust resource data and metallurgical input that provided the Company with comfort in developing our first low capital mine. The next open pit in the development plans for the Project, the Nicho main zone, is largely drilled off in sufficient detail for the estimation of measured and indicated resources with a grade and strip (waste: mineralization) ratio that we expect to provide meaningful low-cost production gold ounces for the next 5-6 years as the rest of the property is explored and better understood," stated Darren Koningen, CEO. "Notable nearby targets such as Benjamin which are outside of our current operations area have shown some excellent potential but will require more preliminary exploration and additional drilling to properly understand mineralization controls, grade distribution and tonnage.
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https://www.newsfilecorp.com/release/182767/Minera-Alamos-Announces-Maiden-Resource-Estimate-for-the-Santana-Gold-Project-Sonora-Mexico