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Alio Gold Inc.
Summary
| Project: | Ana Paula | |
|---|---|---|
| Deposit: | Ana Paula | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 10/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 24-10-2017: Alio Gold Inc. announces an Exploration/Drilling Update report for its Ana Paula deposit at the Ana Paula project. Drilling results incl. 99.4m @ 10.78g/t Au from 51.9m. VANCOUVER, British Columbia, Oct. 24, 2017 -- Alio Gold Inc (TSX:ALO) (NY | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Hosford (Not stated) | |
| ABSTRACT: | VANCOUVER, British Columbia, Oct. 24, 2017 -- Alio Gold Inc (TSX:ALO) (NYSE MKT:ALO) (“Alio Gold” or the “Company”), is pleased provide new results from its exploration drill program at its 100% owned Ana Paula project in Guerrero, Mexico. The 2,000 metre drill program to twin 11 holes within the proposed pit is being carried out to confirm previous drilling and to obtain samples for metallurgical testing. “The results of our first two metallurgical sample drill holes are a reminder of the high-grade nature of the breccia system within our proposed open pit at Ana Paula,” said Greg McCunn, Chief Executive Officer. “These holes are similar in grade and lithology to the previously drilled holes and compare favorably to the block model. These results further validate our decision to proceed with constructing an underground decline to test the known extension of the high-grade breccia system outside the current MRE, below the proposed pit.” These results are from the first two of eleven proposed drill holes in the metallurgical sample drilling program within the proposed open pit. Results from the third and fourth holes are expected in early November and drilling of the sixth hole is currently in progress. Representative samples from the drill core will be sent for metallurgical testing which is expected to be completed in Q1 2018. The metallurgical results will be part of the Definitive Feasibility Study which is currently underway and expected to be published in the second quarter of 2018. | |
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