|Ownership:||100% Argonaut Gold|
|Gold reserve (at $1,200 gold) and resource (at $1,400 gold) estimates:
1 Excludes Proven and Probable Reserves
Cerro Del Gallo Project
About Cerro del Gallo
The Cerro del Gallo deposit sits within the San Antón property, which covers an area of 25,269 hectares and consists of 12 granted, contiguous mining concessions. The concessions include areas of historical mines formerly worked for high grade vein-hosted gold and silver.
The Cerro del Gallo deposit is located in the state of Guanajuato in central Mexico, approximately 30 kilometres west of the Guanajuato International Airport, 55 kilometres west of the city of Leon and major facilities and in an active mining district. The property is accessible by road, rail and air services. Additionally, there is availability of a skilled local workforce, grid power, water, sealed roads, equipment suppliers and established transport routes.
Previous project owners completed a Definitive Feasibility Study (DFS) for the Cerro del Gallo project in May 2012. The DFS outlines an initial 7.2 year mine life heap leach operation, which would produce an average of 95,000 gold equivalent ounces annually at estimated cash costs of $700/oz.