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Alamos Gold Inc.
Summary
| Project: | El Chanate | |
|---|---|---|
| Deposit: | El Chanate | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 2/21/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-2-2018: Alamos Gold Inc. announces a Resource Estimation report for its El Chanate deposit at the El Chanate project. Annual statement of mineral resources and ore reserves at project. Toronto, Ontario (February 21, 2018) – Alamos Gold Inc. (TSX:AGI; N | |
| Resources: | (Reserve, P+P): 135Koz Au contained at project | |
| CP/QP: | [Resources]: Jeffrey Volk (Internal) | |
| ABSTRACT: | Toronto, Ontario (February 21, 2018) – Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported its updated mineral reserves and resources as of December 31, 2017. For a detailed summary of mineral reserves and resources by project, refer to the tables below. “Alamos’ reserve base has grown substantially over the past several years, both in size and quality. Our 2017 exploration program is a continuation of this success, highlighted by strong increases at Island Gold in terms of ounces and grade. With reserves approaching 10 million ounces of gold, this represents one of the highest quality, longest life reserve bases in some of the best jurisdictions in the world. With significant potential at each of our core operations and development projects, we look forward to continued exploration success,” said John A. McCluskey, President and Chief Executive Officer. Global Proven and Probable mineral reserves increased by 28% to 9.8 million ounces of gold, net of mining depletion as of December 31, 2017. This reflects the addition of Island Gold, following the completion of the Richmont Mines acquisition on November 23, 2017, further growth at La Yaqui Grande and the declaration of an initial mineral reserve at Lynn Lake. These increases were partially offset by mining depletion at Young-Davidson and El Chanate with no exploration drilling conducted at either operation in 2017. | |
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