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History


1536

Alvar Nuñez Cabeza de Vaca traveled along the Mulatos River and reported seeing evidence of gold.

1635

Mulatos was first settled by Jesuit priests intent on mining gold.

1806

Thomas Souza makes the first officially registered claim.

1880s- 1910

Greene Gold-Silver Company produces approximately 250,000 ounces of gold at the Mina Vieja underground mine next to Mulatos.

1910-1922

Mexican Revolution stops development in many mining districts including Mulatos.

1980s

Kennecott conducts exploration activities on the ground surrounding the Nuevo Mulatos and Tequila claims.

1986-1990

Minera Real de Angles (MRA) acquires the Nuevo Mulatos claim, carries out extensive exploration activities and completes a pre-feasibility study outlining a mineral resource of 15.5 Mt grading 1.83 g/t Au at a cut-off grade of 1.0 g/t Au. This resource calculation is not compliant with National Instrument 43-101.

2001-2003

National Gold Corporation (National), through its Mexican subsidiary Minas de Oro Nacional, S.A. de C.V. (MON) acquires a 100% interest in the Salamandra Property from Minera San Augusto, S.A. de C.V. (MSA), a Placer subsidiary, for cash and a sliding scale net smelter royalty in favor of MSA on the first two million ounces of gold. Alamos Minerals (AM) options 50% of the assets by taking responsibility for the development of the project.

2003

Alamos Minerals and National Gold merge to form Alamos Gold Inc., Alamos, through its wholly-owned Mexican subsidiaries Minas de Oro Nacional, S.A. de C.V. (MON) and Minera Bienvenidos, S.A. de C.V. (MB), owns 100% interest in the Salamandra property.

2004 Alamos concluded a Feasibility Study for the Phase One development of the Mulatos Project located in the State of Sonora, Mexico. The first phase of the project involves the development of the Estrella Pit.
2005 Alamos announced the pouring of its first gold dore bar weighing in at 3.65 kg. (117 ounces) at its Mulatos open-pit mine in Mexico, located in state of Sonora. In addition, the company reported increased resource in the El Salto and Mina Vieja areas on November, 2005.  On December 6th, 2005 Alamos announced that six surface reverse circulation holes drilled in the Escondida Hanging Wall Zone had encountered very high grade to bonanza grade gold mineralization. Vertical hole 05EI034 intersected 28.97 meters of 70.96 g/t Au, including 9.14m of 198.9 g/t Au. The Escondida Zone is located 500 meters northeast of the Estrella Pit.
2006 Phase I development of the Mine was complete following commissioning of the crusher and conveying system. In April, the company announced commercial production at the Mine based on attaining certain financial and operating thresholds.