Santana Project

Location Sonora State, Mexico
Ownership 100%
Land Position 4,500  ha
Status First Gold in Oct 2021 - ramping to commercial production in 2022
Metals Gold
Mineral Resources Maiden NI 43-101 resource estimate expected 2022
Mining & Processing Concept Open pit mining with heap leach processing

Highlights

  • First gold production in October 2021
  • Commercial production expected in 2022
  • Excellent infrastructure
  • Main zones remain open along strike and to depth
  • Significant exploration upside property wide
  • Phase 3 development drilling – Nicho Zone pit optimization work
  • Multiple satellite opportunities to be drilled in 2022

Overview

The 4,500 ha Santana project is located in Sonora State, Mexico and is accessible by paved highway. It is strategically positioned in a rich mining district that features operational mines from some of the world’s leading names in precious metals mining (Goldcorp, Agnico Eagle, Alamos Gold).

Santana was constructed as a low capex (~US$10 million) open pit heap-leach mine currently ramping up to a commercial production decision in 2022.


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