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Alamos Gold Inc.
Summary
| Project: | Mulatos | |
|---|---|---|
| Deposit: | La Yaqui | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 9/12/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-9-2016: Alamos Gold Inc. announces a Resource Estimation report for its La Yaqui deposit at the Mulatos project. Updated mineral resources and ore reserves at La Yaqui. Toronto, Ontario (September 12, 2016) – Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alam | |
| Resources: | (Reserve, P+P): 1.912Mt @ 1.45g/t Au for 89000oz Au contained at La Yaqui | |
| CP/QP: | [Resources]: Marc Jutras (Ginto Consulting Inc.) | |
| ABSTRACT: | Toronto, Ontario (September 12, 2016) – Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported an updated National Instrument 43-101 compliant mineral resource estimate for its La Yaqui project as of September 1, 2016. The Company will be hosting an Exploration Workshop today starting at 10am EST to discuss its activities at La Yaqui and Cerro Pelon. The presentation and webcast will be available at www.alamosgold.com. “We are very pleased to see our exploration efforts at La Yaqui translate into a substantial increase in mineral resources. In a little over one year of drilling, we have added nearly 450,000 ounces of gold, transforming La Yaqui from a satellite project to one of the most important deposits in the Mulatos District. Phase I development of La Yaqui remains on track and with continued exploration success, we look forward to further growth of the deposit,” said John A. McCluskey, President and Chief Executive Officer. The 2016 drill program at La Yaqui was designed to both upgrade and extend the 232,000 ounces of inferred mineral resources discovered in two new zones of mineralization in 2015. These zones are located to the northeast of the existing mineral reserve pit along a one kilometre long northwest trending silica ridge. The program has been successful on both fronts, with a combined increase in indicated and inferred mineral resources of 215,000 ounces in eight months of drilling. This includes upgrading 149,000 ounces to an indicated mineral resource and expanding the higher grade inferred mineral resource to 298,000 ounces. Including existing mineral reserves of 89,000 ounces, La Yaqui now hosts a combined mineral reserve and resource of 536,000 ounces, a substantial increase from the mineral reserve of 80,000 ounces at the end of 2014. | |
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