Rio Alto Mining Limited (TSXV: RIO) is a junior resource company developing projects in both Mexico and Peru. In Peru, the company's La Arena project, consisting of more than 20,600 hectares in 44 concessions, is expected to become a gold producer in approximately 18 months. The property has excellent exploration potential for additional gold, copper resources and currently has an indicated resource of 2.8 M oz gold and 1.7 B lbs copper, and an Inferred Resource of 1.2 M oz gold and 1.2 B lbs copper.
In Mexico, the company is exploring three former silver producing properties in northeastern Mexico. Covering approximately 322,500 acres, the 100 percent owned properties have been mined from numerous deposits since the Spanish era; however, only limited exploration has been conducted. There are more than 12 historic silver mines located on these properties. The company is applying modern exploration techniques to fully exploit the exploration potential indicated by bonanza-type samples grading more than 7,000 grams per tonne silver and 30 percent zinc.
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