HENDERSON, NV–(Marketwired – March 01, 2016) – Firma Holdings Corp. (OTC: FRMA) is pleased to announce that on February 17, 2016, through its wholly owned subsidiary, American Metal Mining, S.A. de C.V., the company purchased and took control of the Magistral Del Oro tailings project, which is located in what is known as the “Golden Triangle” in Santa Maria Del Oro, Durango, Mexico.
The acquisition includes a 500 TPD Dynamic Cyanide counter current system plant. Contruction of the plant was completed in 2013, for approximately $4.5 million. It is unencumbered, fully permitted, is production ready, and is in excellent condition. The Magistral project 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).