Published: April 3, 2017 |

[Click image to enlarge]

[Click image to enlarge]

Firma Holdings Corp.‘s subsidiary Gracepoint Mining Corp. and in partnership with MX Gold Corp., the Magistral Project Management Committee has hired a project manager, completed internal project assessments and formally engaged the mining construction firm “Componentes Mineros” for a turn-key supply and installation of a 1,000 tonne per day (tpd) Merrill Crowe processing plant at Magistral.

“As previously stated, we have been committed to couple our ability to identify early stage opportunity, with the operational excellence that can optimize the value of our projects. We are excited to have a project manager with the experience and dedication that Mrs. Sanchez brings to the project. Her experience brings considerable resources and technical skills to evaluate the merits of the project during the project construction processes and bring the project to full commercial production,” said Fancis Biscan Jr., chairman and CEO of Firma Holdings.

The decision to increase throughput up to 1,000 tpd was due to:

•  Improved project economics.
•  Substantially increasing annual free cash flow potential at a marginally acceptable cost.
•  Potential for other feed sources that exist in the region.

To lead the partnership, the project management committee hired Benitzel Ávila Sanchez as the Magistral project manager. Mrs. Sanchez is a chemical engineer with extensive mining experience and has been previously employed in several key management positions, these include various positions at Alamo Gold’s 18,000 tpd Mulatos Mine from 2007-2014. More recently Sanchez has been a consultant on various projects worldwide.

From November 2016 to January 2017, under the supervision of Sanchez, the Magistral Project in Durango has:

•  Initiated the operation to process the tailings stock.

•  Evaluated the current condition of the beneficiation plant.

•  Further testing of the ore (tailings) metallurgy was also undertaken to determine: Feasibility of the project; appropriate production process; operational/ capital costs associated modifications to the current beneficiation plant; and return on capital for the project.

To read more details in the company’s press release, CLICK HERE

About Firma Holdings
Firma currently holds active subsidiaries in mining and technology. Firma Holdings currently owns four mining projects that encompass over 48,000 acres in Mexico. The Don Roman district has 70+ distinct structures identified within 8 km diameter of a 100 percent owned centralized processing mill. The Picacho group has 9 gold-bearing veins over 4 mineralized target areas with an aggregate vein strike length of over 10.8 km. The Durango Smelter Project. And the Magistral project, which includes a processing plant, and the exclusive rights to process approximately 1.2 million tonnes of mineralized mill tailings, grading an average of 2.06 gold per tonne (79,000 ounces of gold).

To stop by Firma Holdings’ website, CLICK HERE

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