Overview

Mine Type	Open Pit
Status	Active
Commodities	Gold
Mining Method	Truck & Shovel / Loader
Production Start	...
Mine Life	...
Snapshot	Santana open-pit, heap-leach mine in Sonora that is currently going through its operational ramp up. During Q2 of 2023, the Company’s mining contractor scaled up their equipment and workforce during April and May following the shift from development activities earlier in the year towards more normal production levels activities in the second half of the year. The Company continues to utilize existing leach pad space while waiting for the pending permit amendments that would allow the construction of a large pad expansion effectively tripling initial pad capacity at Santana. Plans are being finalized to initiate construction activities in Q4 allowing for a return to much improved and consistent 2024 production guidance.

Deposit type

• Breccia pipe / Stockwork

Summary:

The main mineralized zones of the Santana project exhibit strong, low-sulfidation alteration characterized by pervasive and structurally controlled sericite-quartz-calcite alteration with associated disseminated iron oxides, quartz vein stockworks and clay alteration. Numerous historical pits and small underground workings are evident in the area. Gold and silver mineralization is controlled by both lithologic and structural features and presents itself at the Nicho and Nicho Norte zones as mineralized elliptical sub-vertical hydrothermal breccias that are 300-500 m in diameter and hosted in stocks and batholithic intrusions.

The breccias typically outcrop at surface. As part of its ongoing exploration activities the Company is engaged in a systematic review of the entire project area to identify additional surface expressions with the potential for resource definition.

Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

Commodity	Units	2022	Avg. Annual (Projected)	LOM (Projected)
Gold	koz	....	37	296

Personnel

Job Title	Name	Phone	Profile	Ref. Date
.......................	.......................	...........		Oct 16, 2023
.......................	.......................			Oct 16, 2023