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Minera Alamos Inc.

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Summary

Project:

Santana

Deposit:Santana
Location:Mexico
Commodities:Gold
Date:10/17/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:17-10-2018: Minera Alamos Inc. announces an Exploration/Drilling Update report for its Santana deposit at the Santana project. Drilling results incl. 80.4m @ 1.05g/t Au from 19.3m. TORONTO and VANCOUVER, Oct. 17, 2018 /CNW/ - Minera Alamos Inc. (the "Comp
Resources:x
CP/QP:[Overall Report]: Darren Koningen (Internal)
ABSTRACT:TORONTO and VANCOUVER, Oct. 17, 2018 /CNW/ - Minera Alamos Inc. (the "Company" or "Minera Alamos") (TSX VENTURE:MAI) is pleased to report the second round of 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 new holes drilled were intended to evaluate the southwest extension of the Nicho main zone which was previously intersected by Hole S118-116 – see news release "Minera Alamos Drills 93.5 Metres of 0.65 g/t Gold from Surface at Santana Project" dated October 10, 2018. All drill holes analyzed to date continue to encounter zones of disseminated gold mineralization. Drilling Highlights: Hole S18-117 – 80.4 m of 1.05 g/t Au Hole S18-118 – 8.0 m of 1.0 g/t Au; and 24.5 m of 0.81 g/t Au "The recent drill results continue to demonstrate the potential for growth of the mineralization contained within the Nicho deposit and we expect these results to have a positive impact on the ongoing pit design." stated Darren Koningen, CEO of Minera Alamos. "While we continue to expand the footprint of the Nicho zone we also look forward to pending drill results from new areas to the north of the proposed open pit". Holes S18-117 (60-degree inclination) and S18-118 (45-degree inclination) were step-out holes designed to further assess the southwest extensions of the main Nicho zone (see Figure 1). Hole S18-117 returned 80.4m of 1.05 g/t gold starting approximately 10 m below surface. The application of a typical open pit heap leach cut-off grade of 0.15 g/t results in 42 m of mineralization containing approximately 1.96 g/t gold (see Table 1). Hole S18-118 returned several intervals of disseminated gold mineralization including 8 m of 1.0 g/t gold from surface and a broader 24.5m of 0.81 g/t gold starting 48m down hole. The results from these two holes not only expand the mineralization to the southwest but demonstrate that Nicho remains open for further expansion.

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