Our 100% owned Morelos Gold Property in Mexico is a world-class asset measuring 29,000 hectares within the highly prospective Guerrero Gold Belt, 180 kilometres southwest of Mexico City. The Property hosts our El Limón Guajes (ELG) Mine Complex, which started commercial production in 2016, and produced 430,480 ounces of gold in 2020. It also hosts our Media Luna deposit, an advanced stage development project located seven kilometres from ELG. A Feasibility Study for Media Luna is currently underway, and will be released in Q1 2022.
The Morelos Property has the potential to provide significant future opportunities beyond ELG and Media Luna, with 75% of the property currently unexplored and with multiple, drill-ready exploration targets identified.