High Grade Optionality
The Ana Paula Project is located in the State of Guerrero, Mexico, approximately 180 kilometres from Mexico City.
Ana Paula comprises a 56,000 hectare land package within the Guerrero Gold Belt, a prolific mining area that hosts several large commercial gold operations. Alio Gold acquired the property in 2015 and from that time until mid-2018, was focussed on advancing the project toward a construction decision.
Alio Gold has curtailed investment at Ana Paula in order to prioritize other corporate objectives. Management believes that at the appropriate time, a recommencement of exploration activities at Ana Paula, focussed on further defining and extending the known high-grade breccia mineralization as well as targeting numerous other mineralized zones, will be warranted and has the potential to drive value for all stakeholders.
|Measured and Indicated Resources||21.0Mt @ 2.17g/t Au & 4.8g/t Ag|
|Contained Metal||1.46Moz Gold & 3.27Moz Silver|
For more information on the Ana Paula mineral reserves and mineral resources, see the Ana Paula technical report below. Mineral resources that are not mineral reserves do not have demonstrated economic viability.