For thousands of other reports visit RSC's Mineral Intellingence Map
Alamos Gold Inc.
Summary
| Project: | Island Gold Mine | |
|---|---|---|
| Deposit: | Island Gold Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-11-2018: Alamos Gold Inc. announces an Exploration/Drilling Update report for its Island Gold Mine deposit at the Island Gold Mine project. Drilling results incl. 7.10m @ 118.58g/t Au from 1537.60m. Toronto, Ontario (November 5, 2018) – Alamos Gold Inc. | |
| Resources: | (Reserve, P+P): 2.790Mt @ 10.69g/t Au for 959Koz Au contained | |
| CP/QP: | [Overall Report]: Chris Bostwick (Internal) | |
| ABSTRACT: | Toronto, Ontario (November 5, 2018) – 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 from the second half of 2018. Ongoing drilling continues to extend highgrade gold mineralization along-strike and down-plunge from existing Mineral Reserves and Resources across all three main areas of focus: the Main Extension, the Eastern Extension, and the Western Extension. All reported drill widths are true width of the mineralized zones, unless otherwise stated. “Island Gold continues to impress. In less than a year since we acquired the mine, we’ve seen a 17% increase in Mineral Reserve grades and significant growth in Mineral Reserves and Resources across all categories. Ongoing exploration success across all three extensions of the ore body, including the best surface directional hole drilled to date, demonstrate strong potential for this to continue,” said John A. McCluskey, President and Chief Executive Officer. TRADING SYMBOL: TSX: AGI NYSE:AGI 2 | ALAMOS GOLD INC 2018 Drilling Program – Island Gold Mine The focus of the 2018 exploration drilling program is to expand the down-plunge and lateral extensions of the Island Gold deposit with the objective of adding new near mine Mineral Resources. Drilling continues to be conducted across three main areas of focus along the twokilometre long Island Gold Main Zone including; the Main Extension; the Eastern Extension; and the Western Extension (Figure 1). Year-to-date drilling has been successful in extending high grade gold mineralization across all three areas resulting in significant growth in both Mineral Reserves and Resources as detailed in the mid-year 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 increase 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 102,500 m of drilling in 556 holes was completed during the first | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report