Day: January 25, 2016

Minera Alamos Inc.: Issues Resource Estimate for Los Verdes North Deposit and Updated Work Plan

“The mineralization at the North Deposit is very similar in metal content to that of the South Deposit. Mineralization extends surprisingly close to surface and also exhibits the same potential for high grade “starter pit” mining opportunities as are currently being evaluated for the Company’s South Deposit”, said Darren Koningen, President, Minera Alamos Inc. “The deposit may offer a superior initial route to mining operations at the Los Verdes project, potentially eliminating months of waste pre-stripping along with the associated capital costs”.

Primero Increases Production by 15% and Lowers AISC by 20% in 2015; Expects Additional Cost Reductions in 2016

“We completed 2015 with production momentum, low costs, and financial strength from our two mines in stable Americas-only jurisdictions,” saidJoseph F. Conway, Chief Executive Officer. “Although 2015 was a volatile year in the markets we remained focused on delivering our operating plan. We advanced the San Dimas expansion while cutting its estimated capital costs significantly and delivered excellent exploration results across our asset portfolio. We are also well prepared to execute on the planned succession of Ernest Mast to the position of President and Chief Executive Officer and myself to Executive Vice Chairman later this month.”

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.