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Minera Alamos Inc.
Summary
| Project: | Santana | |
|---|---|---|
| Deposit: | Santana | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 10/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-10-2018: Minera Alamos Inc. announces an Exploration/Drilling Update report for its Santana deposit at the Santana project. Drilling results incl. 93.50m @ 0.65g/t Au from 0m. TORONTO and VANCOUVER, Oct. 11, 2018 /CNW/ - Minera Alamos Inc. (the "Compan | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darren Koningen (Internal) | |
| ABSTRACT: | TORONTO and VANCOUVER, Oct. 11, 2018 /CNW/ - Minera Alamos Inc. (the "Company" or "Minera Alamos") (TSX VENTURE:MAI) is pleased to report the initial results from its Phase 1 drill program at the Santana gold project, Sonora, Mexico. The 2018 drill program is the first exploration drilling to be conducted at Santana since 2011. The first three holes were drilled near or within the Nicho deposit and were intended to evaluate mineralized extensions of previous exploration programs. All drill holes encountered zones of disseminated gold mineralization. Initial results support the Company's long held belief that there are numerous exploration targets in the Santana project area that could add significantly to the ongoing development plans of a proposed heap leach operation currently awaiting receipt of commercial-scale permits from the Mexican authorities (see release dated July 26 th, 2018). "In addition to near-term production potential, a criteria for all of the projects in the Company's development portfolio is that the concession areas contain significant exploration upside. While we have been aggressively pursuing production permits our exploration team has been working in parallel to expand geological models and target high priority areas for resource expansion potential." stated Darren Koningen, CEO of Minera Alamos. "These very encouraging drill results at the Santana project are the start of an ongoing exploration program designed to demonstrate the significant untapped value contained in our development assets". Hole S118-116 was a step-out hole to assess the continuity of the southwest mineralization in the main Nicho zone (see Figure 1). The hole returned 93.5m of 0.65 g/t gold starting from just below the topographic surface. The application of a typical open pit heap leach cut-off grade of 0.15 g/t results in +60 m of mineralization containing approximately 1 g/t gold (see Table 1). | |
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