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Alamos Gold Inc.
Summary
| Project: | Quartz Mountain | |
|---|---|---|
| Deposit: | Quartz Mountain | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-2-2017: Alamos Gold Inc. announces a Resource Estimation report for its Quartz Mountain deposit at the Quartz Mountain project. Updated mineral resources for project, unchanged since previous estimate. Toronto, Ontario (February 23, 2017) – Alamos Gold | |
| Resources: | (Resource, M+I): 12.156Mt @ 0.87g/t Au for 339000oz Au contained | |
| CP/QP: | [Resources]: Marc Jutras (Ginto Consulting Inc.) | |
| ABSTRACT: | Toronto, Ontario (February 23, 2017) – Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported its updated mineral reserves and resources as of December 31, 2016. For a detailed summary of mineral reserves and resources by project, refer to the tables below. Total Proven and Probable mineral reserves increased by 31% to 7.7 million ounces of gold at December 31, 2016, reflecting the significant increase in mineral reserves at La Yaqui and the declaration of initial mineral reserves at Kirazlı and Ağı Dağı. This increase was partially offset by mining depletion at Young-Davidson, Mulatos and El Chanate. Alamos’ Measured and Indicated mineral resources (exclusive of mineral reserves) totaled 9.3 million ounces as of December 31, 2016. This represents a 14% decrease in ounces and 14% increase in grade from December 31, 2015. The decrease in ounces reflects the conversion of mineral resources at Kirazlı and Ağı Dağı to mineral reserves, partially offset by additions at Young-Davidson and La Yaqui. The additions of higher grade ounces at Young-Davidson and La Yaqui also contributed to the increase in grade, along with the conversion of mineral resources at the Turkish projects. Alamos’ total Inferred mineral resources of 4.3 million ounces as of December 31, 2016 were down slightly from 2015 reflecting the successful conversion of mineral resources at La Yaqui Grande to mineral reserves and higher mineral resource classifications. | |
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