Published: February 21, 2017 |

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Firma Holdings Corp., through its subsidiary GracePoint Mining Corp, has acquired the Aldama Plant, the Aldama Groupings, and the establishment of what will be called, the Aldama Project.

GracePoint has secured an exclusive tolling lease with the Aldama Merrill Crowe processing plant, including an option to purchase the company that controls the plant. The plant was completely refurbished in 2014, as a tolling facility, for the processing of local and regional ores and concentrates. The facility is in excellent condition, fully permitted, fully staffed, and immediately operational.

Initial gold and silver ore feed will come from the acquisition of the Aldama Groupings, a cluster of seven claims, along with multiple third party sources that have been identified.

In addition, GracePoint has entered in to a binding agreement, with Atlas Minerals II, to acquire a 50 percent joint venture interest in the Aldama Project. The agreement calls for initial scheduled payments totaling $400,000; which will be used to produce from the Aldama Groupings, secure third party ore feed, and for the initiation of plant processing.

“With our Mexican Headquarters located in the City of Chihuahua, and the Aldama Plant only 20 km away, there are efficiencies to the location of the Aldama Project. One of the keys to the Aldama project is the condition of the mill and the operating team at the Aldama Processing Plant. By securing an exclusive tolling arrangement, we can combine the acquisition of the Aldama groupings, along with other feed sources in the region, and begin to generate cash flow as early as March of 2017,” said Ramiro Trevizo, director and president of Mexican operations at GracePoint.

“I am very thankful to have talented team in Mexico and in the U.S. We have now secured three fully permitted production ready projects that each play a significant role in developing this company into a significant growth story,” said Francis Biscan Jr., chairman and CEO of Firma Holdings.

About Firma Holdings
Firma currently holds active subsidiaries in mining and technology.

Gracepoint Mining Corp. currently has five mining projects that encompass over 48,000 acres in Mexico. The 100 percent owned Don Roman district has 70+ distinct structures identified within 8 km diameter of centralized processing mill; the 100 percent owned Picacho group has 9 gold-bearing veins over 4 mineralized target areas with an aggregate vein strike length of over 10.8 km; the 50 percent joint ventured Magistral project, which includes 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), and is in close proximity to the 100 percent owned 500 TPD Dynamic Cyanide counter current system plant; the 50 percent joint ventured Durango Smelter Project; and the 50 percent joint ventured Aldama Project.

To stop by Firma Holdings’ website, CLICK HERE

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