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Alamos Gold Inc.
Summary
| Project: | Island Gold Mine | |
|---|---|---|
| Deposit: | Island Gold Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-1-2019: Alamos Gold Inc. announces an Exploration/Drilling Update report for its Island Gold Mine deposit at the Island Gold Mine project. Drilling results incl. 6.60m @ 152.07g/t Au from 1476.50m (uncut). Toronto, Ontario (January 10, 2019) – Alamos G | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Chris Bostwick (Internal) | |
| ABSTRACT: | Toronto, Ontario (January 10, 2019) – Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported new results from surface and underground exploration drilling at the Island Gold Mine. Drilling throughout 2018, including new intercepts from the fourth quarter, continues to extend high-grade gold mineralization across each of the Main, Western and Eastern Extensions. All reported drill widths are true width of the mineralized zones, unless otherwise stated. “Island Gold has been a tremendous success story, both in terms of the growth of the operation and its mineral reserve and resource base. With excellent ongoing exploration success including several of the best surface directional holes ever coming in the latter part of 2018, we see strong potential for this growth to continue,” said John A. McCluskey, President and Chief Executive Officer. The focus of the 2018 exploration drilling program was to expand the down-plunge and lateral extensions of the Island Gold deposit with the objective of adding new near mine Mineral Resources across the two-kilometre long Island Gold Main Zone (Figure 1). Drilling completed in 2018 was successful in extending high grade gold mineralization across all three areas of focus, including the Main, Western and Eastern Extensions. This has already translated into significant growth in both Mineral Reserves and Resources as detailed in the mid-year (June 30, 2018) update (see press release dated September 5, 2018). Since the acquisition of Island Gold in November 2017, Mineral Reserves have increased 28%, or 207,000 ounces, net of mining depletion, and Mineral Reserve grades have increased 17% to 10.69 g/t Au. Measured and Indicated Mineral Resources have also increased 142%, or 130,000 ounces, and Inferred Mineral Resources have increased 18%, or 184,000 ounces. A total of 140,896 m of drilling in 719 holes was completed in 2018, including 75,441 m since the mid-year Mineral Reserve and Resource update. Drilling in 2018 included 48,942 m of surface directional exploration drilling, 8,783 m of regional exploration drilling, 25,378 m of underground exploration drilling, 20,752 m of underground definition drilling and 37,041 m of underground delineation drilling. New highlight intercepts since the most recent Island Gold exploration press release (November 5, 2018) can be found in Figures 1 to 4 and Tables 1 to 3 at the end of this release. | |
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