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Minera Alamos Inc.

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Summary

Project:

Santana

Deposit:Santana
Location:Mexico
Commodities:Gold
Date:11/15/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:15-11-2018: Minera Alamos Inc. announces an Exploration/Drilling Update report for its Santana deposit at the Santana project. Drilling results incl. 95.7m @ 0.85g/t Au, 9.8g/t Ag, 0.33% Cu from 32m. Toronto, Ontario and Vancouver, British Columbia--(News
Resources:x
CP/QP:[Overall Report]: Darren Koningen (Internal)
ABSTRACT:Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - November 15, 2018) - Minera Alamos Inc. (TSXV: MAI) (the "Company" or "Minera Alamos") is pleased to report that additional mapping and surface sampling of the new Divisadero porphyry discovery has successfully delineated a significant surface exposure of the target which remains open in all directions. To date, a combination of outcrop and limited outcrop/float samples have confirmed the expression of the known porphyry system for over 300 m before it disappears under soil cover (see figure 1). This work was conducted following the recent success of Phase 1 drill hole S18-121 that intersected a broad zone of a porphyry hosting significant gold, silver and copper mineralization approximately 200 m north of the Nicho Norte breccia pipe. The hole was the first drilled into this new style of polymetallic mineralization that is associated with an andesite porphyry unit related to disseminated pyrite and intrusive breccias. "Following the initial drill hole discovery of the new Divisadero porphyry system, our exploration team began the process of mapping and sampling the available surface exposure around this exciting new target. With over half the surface rock samples returning greater than 0.1 g/t gold, we have confirmed the potential of the new system and have successfully followed the known extents of the Divisadero mineralization for a distance of at least 300 m before it recedes under overburden. With this new information we look forward to further defining the target in our upcoming Phase 2 drill program. As a result of this year's exploration, there are now five known areas of "Nicho-style" intrusion related gold mineralization identified at the Santana project site including the newly identified Zata and Divisadero zones. We are confident that as we expand our geological efforts more discoveries will be made." stated Darren Koningen, CEO of Minera Alamos.

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