|Operator: Altaley Mining Corporation|
Tahuehueto lies within the prolific Sierra Madre mineral belt, which hosts a series of historic and producing mines and most of Mexico’s active exploration and development projects. The project is situated approximately 100 kilometers southwest of silver mines in the Guanacevi region and about 25 kilometers north of the silver mines at Topia.
Consisting of 28 mining concessions grouped into five non-contiguous blocks that total approximately 7,492 hectares the Tahuehueto mine is in an advanced stage of development with mine construction planned during 2021 and targeting commercial production in early 2022. Altaley Mining Corporation owns 100% of the project through a 99.9% share ownership in its Mexican subsidiary company.
Significant exploration upside potential exists both on the existing reserve/resource explored structures along strike and down dip of the known mineralization which is open in all directions as well as within numerous other mineralized but unexplored structures known to occur within the core 700 ha concession area. Further exploration potential exists outside of the core area where Altaley controls approximately an additional 6700 hectares of concessions. Altaley's concessions cover about 80% of the mineralized District Tahuehueto, and there is a significant amount of prospective ground within this government recognized geological district.
Altaley's plan is to get into production with the reserves outlined in the core 500 ha area, continue to expand the reserves on structures where there are defined reserves and resources, and start to look at our less explored structures within this core 500 ha area. A Greenfields type of exploration program will also be designed and implemented after production is achieved to explore the regional District potential within Altaley's concession area.
The above information comes from various sources including the public domain, and Empress Royalty has been unable to verify the information.