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Alio Gold Inc.
Summary
| Project: | Ana Paula | |
|---|---|---|
| Deposit: | Ana Paula | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 5/30/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 30-5-2018: Alio Gold Inc. announces an Exploration/Drilling Update report for its Ana Paula deposit at the Ana Paula project. Drilling results incl. 64.5m @ 1.24g/t Au from 33.1m. VANCOUVER, British Columbia, May 30, 2018 -- Alio Gold Inc (TSX:ALO) (NYSE | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Pierre Desautels (Independent) | |
| ABSTRACT: | VANCOUVER, British Columbia, May 30, 2018 -- Alio Gold Inc (TSX:ALO) (NYSE AMERICAN:ALO) (“Alio Gold” or the “Company”), is pleased to provide the final set of drill results from its surface drill program at its 100%-owned Ana Paula project in Guerrero, Mexico. The 3,800 metre surface diamond drill program was initiated in January 2018 and consisted of six drill holes of 600 to 700 metres each targeting the complex breccia extension below the proposed open-pit. Additionally, two 300 metre surface holes were drilled into the near surface hydrothermal breccia to test its southern extension. The three final holes from the surface drill program (AP-18-286, AP-18-287 and AP-18-288) and one of the two additional holes (AP-18-290) returned positive results from the near surface hydrothermal breccia south of the proposed pit and on the southern edge of the alteration halo. The three surface holes (AP-18-286, AP-18-287 and AP-18-288) also intersected the complex breccia below the proposed pit. “The final set of drill results from the surface drill program has met our objective to confirm and provide us with additional detail on the extent and continuity of the complex breccia below the proposed pit.” said Greg McCunn, Chief Executive Officer. “In addition, the information has provided us with confidence in our decision to incorporate the underground component into the project scope. The additional two holes that tested the southern extension of the hydrothermal breccia indicate there is the potential to further enhance the overall project economics by incorporating this additional breccia into the overall project design.” | |
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