Alamos Gold Inc. (
TSX:AGI;
NYSE:AGI) (“Alamos” or the “Company”) today reported new
results from surface and underground exploration drilling at the
Island Gold Mine from the second half of 2018. Ongoing drilling
continues to extend high-grade gold mineralization along-strike and
down-plunge from existing Mineral Reserves and Resources across all
three main areas of focus: the Main Extension, the Eastern
Extension, and the Western Extension. All reported drill widths are
true width of the mineralized zones, unless otherwise stated.
- Main Extension: best surface directional drilling
intersection to date (MH13) extending high-grade gold
mineralization 60 metres (“m”) east of the nearest
intersection. High-grade mineralization now extends nearly
1,000 m east of current mine workings and remains open to the east
and down-plunge. New highlights include:
- 118.58 g/t Au (39.99 g/t cut) over 6.66
m;
- 21.50 g/t Au (13.70 g/t cut) over 7.80 m;
and
- 31.70 g/t Au (14.51 g/t cut) over 3.81
m.
- Western Extension: high-grade mineralization extended
laterally and down-plunge from existing Inferred Mineral
Resources. New highlights include:
- 78.26 g/t Au (67.74 g/t cut) over 2.29 m;
and
- 19.69 g/t Au (19.69 g/t cut) over 2.79
m.
- Eastern Extension: high-grade mineralization extended
below and east of existing Inferred and Indicated Mineral Resources
and remains open down-plunge. New highlights include:
- 46.13 g/t Au (44.17 g/t cut) over 2.83 m;
and
- 13.72 g/t Au (13.72 g/t cut) over 7.60 m.
Note: Drillhole composite intervals reported as
“cut” may include higher grade samples which have been cut to 225
g/t Au, 100 g/t Au, or 80g/t Au depending on the zone. Refer
to drill hole composite interval summary tables in this release for
more information.
“Island Gold continues to impress. In less than
a year since we acquired the mine, we’ve seen a 17% increase in
Mineral Reserve grades and significant growth in Mineral Reserves
and Resources across all categories. Ongoing exploration success
across all three extensions of the ore body, including the best
surface directional hole drilled to date, demonstrate strong
potential for this to continue,” said John A. McCluskey, President
and Chief Executive Officer.
2018 Drilling Program – Island Gold
Mine
The focus of the 2018 exploration drilling
program is to expand the down-plunge and lateral extensions of the
Island Gold deposit with the objective of adding new near mine
Mineral Resources. Drilling continues to be conducted across
three main areas of focus along the two-kilometre long Island Gold
Main Zone including; the Main Extension; the Eastern Extension; and
the Western Extension (Figure 1).
Year-to-date drilling has been successful in
extending high grade gold mineralization across all three areas
resulting in significant growth in both Mineral Reserves and
Resources as detailed in the mid-year 2018 update (see press
release dated September 5, 2018). Since the acquisition of Island
Gold in November 2017, Mineral Reserves have increased 28%, or
207,000 ounces, net of mining depletion, and Mineral Reserve grades
have increase 17% to 10.69 g/t Au. Measured and Indicated Mineral
Resources have also increased 142%, or 130,000 ounces, and Inferred
Mineral Resources have increased 18%, or 184,000 ounces.
A total of 102,500 m of drilling in 556 holes
was completed during the first three quarters of 2018, including
37,100 m since the mid-year Mineral Reserve and Resource update.
Year-to-date drilling has included 37,200 m of surface directional
exploration drilling, 2,700 m of regional exploration drilling and
22,800 m of underground exploration drilling. New highlight
intercepts since the mid-year Mineral Reserve and Resource update
can be found in Figures 1 to 4 and Tables 1 to 3 at the end of this
release.
A further 42,900 m of drilling has been budgeted
for the remainder of 2018 with the primary objective of extending
high grade mineralization and adding near-mine Mineral Resources
across all three areas of focus. A significant portion of the
surface exploration drilling in the second half of 2018 is either
too broadly spaced to define Inferred Mineral Resources or focused
on regional targets.
2018 Drilling Program – Island Gold Mine
Main Extension
As detailed in the mid-year 2018 Mineral Reserve
and Resource update, a total of 390,000 ounces of Inferred Mineral
Resources were added within the Main Extension area. The bulk of
the increase was down-plunge from existing mine workings where gold
mineralization has been extended nearly 1 kilometre. Exploration
drilling continues to target the lateral and down-plunge
continuation of gold mineralization below existing Mineral Reserves
and outside of the Inferred Mineral Resources reported in the
mid-year Mineral Reserve and Resource update. Drilling since the
June 30, 2018 update has been successful in further extending gold
mineralization with a drill hole spacing ranging from 75 to 100 m
(Figure 2). Highlights from the new drill results include (Table
1):
- 118.58 g/t Au (39.99 g/t cut) over 6.66 m
(MH13);
- 21.50 g/t Au (13.70 g/t cut) over 7.80 m
(MH12-2);
- 31.70 g/t Au (14.51 g/t cut) over 3.81 m
(MH9-12);
- 9.67 g/t Au (9.67 g/t cut) over 4.60 m
(MH10-10); and
- 15.08 g/t Au (15.08 g/t cut) over 2.66 m
(MH12-1).
This east-plunging high-grade ore shoot remains
open both laterally and down-plunge. Drill holes MH12-1 and MH12-2
are of particular interest because the intersections confirm that
gold mineralization extends vertically below a currently known
Inferred Mineral Resource block containing 372,600 ounces grading
10.22 g/t Au.
Hole MH13 is also significant in that it
returned the best intersection to date from the surface directional
drilling program at 118.58 g/t Au (39.99 g/t cut) over 6.66 m. It
also confirms extension of the high-grade mineralization to the
east with the nearest previously drilled intersection located 60 m
to the west.
The ongoing exploration program is focused on
further extending high-grade mineralization with the objective of
defining additional Mineral Resources. Four diamond drill rigs are
active in the Main Extension target area.
Western Extension
Surface drilling in the Western Extension area
(Figure 3) was successful in adding 30,000 ounces of Inferred
Mineral Resources as reported in the mid-year Mineral Reserve and
Resource update with only two holes completed during the first half
of the year. Drilling completed since then has continued to extend
high-grade mineralization laterally and down-plunge from existing
Inferred Mineral Resources.
Highlights from the new drill results include
(Table 1):
- 78.26 g/t Au (67.74 g/t cut) over 2.29 m
(MH7-5);
- 19.69 g/t Au (19.69 g/t cut) over 2.79 m
(MH5-7); and
- 13.11 g/t Au (13.11 g/t cut) over 2.44 m
(MH4-8);
Holes MH5-7 and MH7-5 confirmed that gold
mineralization is present between two previously defined Inferred
Mineral Resource blocks. The Company has two drill rigs focused on
the Western Extension area using 75 to 100 m spaced step-out
drilling with the objective of expanding the high-grade
mineralization where it remains open both laterally and
down-plunge.
Eastern Extension
An objective of the 2018 underground exploration
drilling program is to expand the high-grade zone defined from
exploration drifts established at the eastern extent of the Island
Gold Mine underground infrastructure (Figure 4). Drilling during
the first half of the year was successful in adding 77,000 ounces
of Indicated Mineral Resources. Since then, drilling from the 620
exploration drift has continued to intersect high-grade
mineralization at depth and to the east.
Highlights from the new results include (Table 2):
- 46.13 g/t Au (44.17 g/t cut) over 2.83 m
(620-605-06); and
- 13.72 g/t Au (13.72 g/t cut) over 7.60 m
(620-605-04).
Hole 620-605-06 is the eastern most hole drilled
at depth from the 620-level. It intersected high-grade gold values
(44.17 g/t Au cut over 2.83 m) between existing Mineral Resource
blocks in the Eastern portion of the Island Gold Mine (between the
340 and 840 levels) and previously reported high grade
intersections from surface drill holes drilled further to the east,
(Figure 4), which include:
- 17.85 g/t Au (14.25 g/t cut) over 2.18m
(GD-620-01);
- 57.43 g/t Au (25.37 g/t cut) over 4.37 m
(GD-630-01);
- 18.03 g/t Au (14.16 g/t cut) over 11.53m
(GD-640-05);
- 15.20 g/t Au (8.16 g/t cut) over 2.06 m
(GD-640-04); and
- 43.26 g/t Au (11.72 g/t cut) over 2.13m
(GD-640-05-5).
Drilling will continue to test this area for the
balance of the year from underground drill bays established on the
620-level exploration drift. In addition, directional drilling from
surface is also planned in the Eastern Extension area between 850
and 1150 m vertical depth to further explore this area which cannot
be drilled from existing underground exploration drifts.
Underground Delineation
Drilling
Underground delineation drilling is also being
carried out from the 620 and 840 levels with the focus on
converting Inferred Mineral Resources to Indicated Mineral
Resources.
New highlight drill intercepts include (Table
3):
- 84.02 g/t Au (28.71 g/t cut) over 2.61 m
(620-574-51);
- 23.53 g/t Au (23.53 g/t cut) over 2.79 m
(840-542-02);
- 17.20 g/t Au (17.20 g/t cut) over 2.60 m
(840-542-09);
- 16.46 g/t Au (16.46 g/t cut) over 2.52 m
(840-542-13); and
- 16.05 g/t Au (16.05 g/t cut) over 4.76 m
(840-542-22).
The results from the infill definition drilling
within existing Inferred Mineral Resource blocks confirm the
continuity of the high-grade gold mineralization and are expected
to support the conversion of the Mineral Resources in these
areas.
Other Zones
The Island Gold Deposit consists of a number of
subparallel mineralized zones, with the majority of Mineral
Reserves and Resources being defined in the C Zone and E1E Zones
which constitutes the main production horizons at the Island Gold
mine. Highlights of new intersections in parallel zones and
zones in which the lateral continuity is not yet established
(“Unknown”) include (reported composite intervals are core
lengths):
- 127.16 g/t Au (73.66 g/t cut) over 3.10 m
(620-598-18);
- 34.25 g/t Au (18.06 g/t cut) over 3.71 m
(620-598-10);
- 11.88 g/t Au (10.84 g/t cut) over 3.78 m
(620-598-03);
- 16.17 g/t Au (15.36 g/t cut) over 2.69 m
(620-604-06); and
- 11.46 g/t Au (11.46 g/t cut) over 3.61 m
(620-598-15).
Additional drilling will be required to further
evaluate these high-grade intersections and their potential in both
the footwall and hanging wall of the main C and E1E Zones.
Surface Regional Exploration
Drilling
A 12,000 m regional exploration drill program
commenced in September to drill test targets along the Goudreau
Deformation Zone to the west of the main Island Gold Mine deposit.
Drilling is also planned to test a previous high-grade intercept of
9.71 g/t Au over 5.95 m below the Kremzar gold deposit.
Qualified Persons
Chris Bostwick, FAusIMM, Alamos Gold’s Vice
President, Technical Services, has reviewed and approved the
scientific and technical information contained in this news
release. Chris Bostwick is a Qualified Person within the meaning of
Canadian Securities Administrator’s National Instrument 43-101 (“NI
43-101”).
Exploration programs at the Island Gold Mine are
directed by Raynald Vincent, P.Eng., M.G.P., Chief Geologist at the
Island Gold Mine and a Qualified Person within the meaning of NI
43-101.
Quality Control
Assays for the delineation and exploration drilling were
completed at LabExpert in Rouyn-Noranda, Quebec. The Corporation
inserts at regular intervals quality control (QC) samples (blanks
and reference materials) to monitor laboratory performance. Cross
check assays are done on a regular basis in a second accredited
laboratory. The Quality Assurance / Quality Control procedures are
more completely described in the Technical Report filed on Sedar by
Richmont Mines, July 13, 2017.
Upcoming Catalysts and News
Flow
- Q4 2018 – La Yaqui Grande EIA Submission
- Q4 2018 – Cerro Pelon EIA Approval
- Q1 2019 – Q4 2018 Production and 2019 Guidance
- Q1 2019 – Q4 2018 Earnings and 2018 Mineral Reserve and
Resource Update
- Q1 2019 – Lynn Lake Optimization Study
- H1 2019 – End of 5% NSR Royalty at Mulatos
- Q2 2019 – Island Gold Exploration Update
- Q2 2019 – La Yaqui Grande EIA Approval
About Alamos
Alamos is a Canadian-based intermediate gold producer with
diversified production from four operating mines in North America.
This includes the Young-Davidson and Island Gold mines in northern
Ontario, Canada and the Mulatos and El Chanate mines in Sonora
State, Mexico. Additionally, the Company has a significant
portfolio of development stage projects in Canada, Mexico, Turkey,
and the United States. Alamos employs more than 1,700 people and is
committed to the highest standards of sustainable development. The
Company’s shares are traded on the TSX and NYSE under the symbol
“AGI”.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Scott K.
Parsons |
|
Vice President, Investor Relations |
|
(416) 368-9932 x 5439 |
|
All amounts are in United States dollars, unless otherwise
stated.
The TSX and NYSE have not reviewed and do not accept
responsibility for the adequacy or accuracy of this release.
Cautionary Note
This News Release includes certain statements
that constitute forward-looking information within the meaning of
applicable securities laws "forward-looking statements". All
statements in this news release, other than statements of
historical fact, which address events, results, outcomes or
developments that Alamos expects to occur are “forward-looking
statements”. Forward-looking statements are generally, but not
always, identified by the use of forward-looking terminology such
as "expects", is expected", "anticipates", "plans" or “is planned”,
“trends”, "estimates", "intends" or “potential” or variations of
such words and phrases and similar expressions or statements that
certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved or the negative
connotation of such terms. Forward-looking statements in this news
release include the statements with respect to planned exploration
programs, costs and expenditures, changes in Mineral Resources and
conversion of Mineral Resources to Proven and Probable Mineral
Reserves, and other information that is based on forecasts and
projections of future operational, geological or financial results,
estimates of amounts not yet determinable and assumptions of
management.
Exploration results that include geophysics,
sampling, and drill results on wide spacings may not be indicative
of the occurrence of a mineral deposit. Such results do not provide
assurance that further work will establish sufficient grade,
continuity, metallurgical characteristics and economic potential to
be classed as a category of Mineral Resource. A Mineral Resource
that is classified as "Inferred" or "Indicated" has a great amount
of uncertainty as to its existence and economic and legal
feasibility. It cannot be assumed that any or part of an "Indicated
Mineral Resource" or "Inferred Mineral Resource" will ever be
upgraded to a higher category of Mineral Resource. Investors are
cautioned not to assume that all or any part of mineral deposits in
these categories will ever be converted into Proven and Probable
Mineral Reserves.
The risks and uncertainties that may cause
actual results to differ materially from Alamos' expectations
include, among others, risks related to obtaining the permits
required to carry out planned exploration or development work, the
actual results of current exploration activities, conclusions of
economic and geological evaluations and changes in project
parameters as plans continue to be refined, changes to the price of
gold, as well as those factors discussed in the section entitled
"Risk Factors" in Alamos' Annual Information Form and other
disclosures by Alamos and its predecessors available on the SEDAR
website at www.sedar.com or on EDGAR at www.sec.gov. Although
Alamos has attempted to identify important factors that could cause
actual results to differ materially, there may be other factors
that cause results not to be as anticipated, estimated or intended.
Readers are cautioned not to put undue reliance on
forward-looking statements which are not guarantees of future
events, and speak only as of the date made. All of the
forward-looking statements made in this press release are qualified
by these cautionary statements.
Cautionary Note to U.S. Investors –
Mineral Reserve and Resource Estimates
All Mineral Resource and Reserve estimates
included in this news release or documents referenced in this news
release have been prepared in accordance with Canadian National
Instrument 43-101 - Standards of Disclosure for Mineral Projects
("NI 43-101") and the Canadian Institute of Mining, Metallurgy and
Petroleum (the "CIM") - CIM Definition Standards on Mineral
Resources and Mineral Reserves, adopted by the CIM Council, as
amended (the "CIM Standards"). NI 43-101 is a rule developed by the
Canadian Securities Administrators, which established standards for
all public disclosure an issuer makes of scientific and technical
information concerning mineral projects. The terms "Mineral
Reserve", "Proven Mineral Reserve" and "Probable Mineral Reserve"
are Canadian mining terms as defined in accordance with NI 43-101
and the CIM Standards. These definitions differ materially from the
definitions in SEC Industry Guide 7 ("SEC Industry Guide 7") under
the United States Securities Act of 1933, as amended, and the
Exchange Act. Under SEC Industry Guide 7 standards, a "final" or
"bankable" feasibility study is required to report reserves, the
three-year historical average price is used in any reserve or cash
flow analysis to designate reserves and the primary environmental
analysis or report must be filed with the appropriate governmental
authority.
In addition, the terms "Mineral Resource",
"Measured Mineral Resource", "Indicated Mineral Resource" and
"Inferred Mineral Resource" are defined in and required to be
disclosed by NI 43-101 and the CIM Standards; however, these terms
are not defined terms under SEC Industry Guide 7 and are normally
not permitted to be used in reports and registration statements
filed with the U.S. Securities and Exchange Commission (the "SEC").
Investors are cautioned not to assume that all or any part of
mineral deposits in these categories will ever be converted into
Mineral Reserves. "Inferred Mineral Resources" have a great amount
of uncertainty as to their existence, and great uncertainty as to
their economic and legal feasibility. It cannot be assumed that all
or any part of an Inferred Mineral Resource will ever be upgraded
to a higher category. Under Canadian rules, estimates of Inferred
Mineral Resources may not form the basis of feasibility or
pre-feasibility studies, except in very limited circumstances.
Investors are cautioned not to assume that all or any part of an
Inferred Mineral Resource exists or is economically or legally
mineable. Disclosure of "contained ounces" in a Mineral Resource is
permitted disclosure under Canadian regulations; however, the SEC
normally only permits issuers to report mineralization that does
not constitute "reserves" by SEC standards as in place tonnage and
grade without reference to unit measures.
Table 1: Island Gold – Previously
Unreleased Select Composite Intervals from Surface Exploration
Drilling
Composite intervals greater than 3 g/t Au
weighted average, capping values per zone: Zone C @ 225 g/t
Au; Zone E1E @ 100 g/t Au; Zone Unknown @ 70 g/t.
Target area: Main Extension (Main Ext), Western
Extension (Western Ext).
Hole ID |
Zone |
Target Area |
From (m) |
To (m) |
Core Length (m) |
True Width
(m) |
Au Uncut (g/t) |
Au Cut (g/t) |
Vertical Depth |
MH9-12 |
E1E |
Main Ext |
1497.70 |
1503.30 |
5.60 |
3.81 |
31.70 |
14.51 |
1416 |
MH10-6 |
E1E |
Main Ext |
1536.80 |
1541.50 |
4.70 |
3.93 |
6.59 |
6.59 |
1420 |
MH10-10 |
E1E |
Main Ext |
1518.00 |
1523.10 |
5.10 |
4.60 |
9.67 |
9.67 |
1397 |
MH12-1 |
E1E |
Main Ext |
1521.50 |
1524.50 |
3.00 |
2.66 |
15.08 |
15.08 |
1395 |
MH12-2 |
E1E |
Main Ext |
1523.00 |
1532.10 |
9.10 |
7.80 |
21.50 |
13.70 |
1391 |
MH13 |
E1E |
Main Ext |
1537.60 |
1544.70 |
7.10 |
6.66 |
118.58 |
39.99 |
1346 |
MH4-8 |
C |
Western Ext |
1281.60 |
1284.60 |
3.00 |
2.44 |
13.11 |
13.11 |
1054 |
MH5-7 |
C |
Western Ext |
1315.90 |
1319.45 |
3.55 |
2.79 |
19.69 |
19.69 |
1087 |
MH5-9 |
C |
Western Ext |
1378.00 |
1380.70 |
2.70 |
2.06 |
12.17 |
12.17 |
1171 |
MH5-11 |
C |
Western Ext |
1415.00 |
1419.10 |
4.10 |
2.28 |
5.94 |
5.94 |
1232 |
MH7-3 |
C |
Western Ext |
1454.70 |
1459.60 |
4.90 |
4.19 |
5.15 |
5.15 |
1139 |
MH7-4 |
C |
Western Ext |
1438.00 |
1441.00 |
3.00 |
2.61 |
4.18 |
4.18 |
1130 |
MH7-5 |
C |
Western Ext |
1451.40 |
1454.00 |
2.60 |
2.29 |
78.26 |
67.74 |
1126 |
MH5-6 |
G1 |
Western Ext |
1237.70 |
1248.10 |
10.40 |
9.18 |
3.83 |
3.83 |
1003 |
MH5-7 |
G1 |
Western Ext |
1278.00 |
1280.00 |
2.00 |
1.66 |
10.23 |
10.23 |
1059 |
MH10-10 |
Unknown |
Main Ext |
1566.80 |
1569.50 |
2.70 |
|
3.19 |
3.19 |
1437 |
MH14 |
Unknown |
Main Ext |
1463.70 |
1466.00 |
2.30 |
|
9.98 |
9.98 |
1319 |
MH5-8 |
Unknown |
Western Ext |
1394.80 |
1397.65 |
2.85 |
|
5.85 |
5.85 |
1156 |
Note: Unknown zone corresponds to gold
intercepts outside known ore zones and for which continuity is not
yet established and therefore true width has not been
calculated.
Table 2: Island Gold – Previously
Unreleased Select Composite Intervals from Underground Exploration
Drilling
Composite intervals greater than 3 g/t Au
weighted average, capping values per zone: Zone C @ 225 g/t
Au; Zone E1E @ 100 g/t Au; Zone Unknown @ 70 g/t.
Target area: Main Extension (Main Ext), Eastern
Extension (Eastern Ext), Western Extension (Western
Ext).
Hole ID |
Zone |
Target Area |
From (m) |
To (m) |
Core Length (m) |
True Width
(m) |
Au Uncut (g/t) |
AuCut (g/t) |
Vertical Depth |
730-464-20 |
C |
Western Ext |
133.00 |
136.00 |
3.00 |
2.08 |
17.58 |
17.58 |
597 |
620-598-06 |
E1E |
Eastern Ext |
101.00 |
105.10 |
4.10 |
3.32 |
4.42 |
4.42 |
598 |
620-598-11 |
E1E |
Eastern Ext |
228.50 |
237.40 |
8.90 |
3.73 |
6.32 |
6.32 |
725 |
620-598-18 |
E1E |
Eastern Ext |
299.90 |
306.50 |
6.60 |
2.61 |
9.05 |
9.05 |
795 |
620-604-01 |
E1E |
Eastern Ext |
206.00 |
213.50 |
7.50 |
3.77 |
6.29 |
6.29 |
691 |
620-604-06 |
E1E |
Eastern Ext |
215.70 |
221.50 |
5.80 |
2.78 |
4.61 |
4.61 |
710 |
620-604-11 |
E1E |
Eastern Ext |
235.10 |
240.00 |
4.90 |
2.50 |
3.05 |
3.05 |
721 |
620-605-01 |
E1E |
Eastern Ext |
206.00 |
215.10 |
9.10 |
4.95 |
3.65 |
3.65 |
679 |
620-605-04 |
E1E |
Eastern Ext |
103.00 |
112.00 |
9.00 |
7.60 |
13.72 |
13.72 |
546 |
620-605-05 |
E1E |
Eastern Ext |
258.00 |
269.40 |
11.40 |
3.39 |
6.50 |
6.50 |
738 |
620-605-06 |
E1E |
Eastern Ext |
302.90 |
309.60 |
6.70 |
2.83 |
46.13 |
44.17 |
778 |
840-542-01 |
E1E |
Main Ext |
267.90 |
271.60 |
3.70 |
2.18 |
3.75 |
3.75 |
1029 |
840-542-05 |
E1E |
Main Ext |
227.70 |
231.00 |
3.30 |
2.43 |
8.63 |
8.63 |
983 |
620-598-09 |
Unknown |
Eastern Ext |
53.93 |
60.20 |
6.27 |
|
5.97 |
5.97 |
613 |
620-598-10 |
Unknown |
Eastern Ext |
60.98 |
65.20 |
4.22 |
|
34.25 |
18.06 |
555 |
620-598-15 |
Unknown |
Eastern Ext |
70.80 |
76.50 |
5.70 |
|
11.46 |
11.46 |
529 |
620-598-18 |
Unknown |
Eastern Ext |
131.00 |
136.00 |
5.00 |
|
127.16 |
73.66 |
683 |
620-598-20 |
Unknown |
Eastern Ext |
63.10 |
70.40 |
7.30 |
|
3.34 |
3.34 |
609 |
620-604-05 |
Unknown |
Eastern Ext |
92.33 |
98.00 |
5.67 |
|
18.27 |
17.31 |
665 |
620-604-06 |
Unknown |
Eastern Ext |
27.00 |
30.70 |
3.70 |
|
16.17 |
15.36 |
610 |
620-604-06 |
Unknown |
Eastern Ext |
96.65 |
101.10 |
4.45 |
|
9.11 |
8.34 |
647 |
620-605-06 |
Unknown |
Eastern Ext |
109.15 |
113.20 |
4.05 |
|
7.52 |
7.52 |
663 |
Note: Unknown zone corresponds to gold
intercepts outside known ore zones and for which continuity is not
yet established and therefore true width has not been
calculated.
Table 3: Island Gold – Previously
Unreleased Select Composite Intervals from Underground Delineation
Drilling. Composite intervals greater than 3 g/t
Au weighted average, capping values per zone: Zone C @ 225
g/t Au; Zone E1E @ 100 g/t Au; Zone Unknown @ 70 g/t. Target
area: Main Extension (Main Ext), Eastern Extension (Eastern
Ext), Western Extension (Western Ext).
Hole ID |
Zone |
Target Area |
From (m) |
To (m) |
Core Length (m) |
True Width
(m) |
Au Uncut (g/t) |
Au Cut (g/t) |
Vertical Depth |
660-467-01 |
C |
Western Ext |
50.10 |
55.60 |
5.50 |
2.59 |
9.77 |
9.77 |
635 |
660-467-04 |
C |
Western Ext |
28.60 |
32.90 |
4.30 |
3.63 |
18.79 |
18.79 |
661 |
660-470-01 |
C |
Western Ext |
31.20 |
34.60 |
3.40 |
2.61 |
3.00 |
3.00 |
657 |
660-470-05 |
C |
Western Ext |
46.00 |
55.20 |
9.20 |
4.70 |
11.61 |
11.61 |
635 |
660-470-06 |
C |
Western Ext |
35.00 |
42.70 |
7.70 |
4.74 |
8.80 |
8.80 |
648 |
660-470-01 |
B |
Western Ext |
8.20 |
15.00 |
6.80 |
5.24 |
6.06 |
6.06 |
667 |
620-574-48 |
E1E |
Eastern Ext |
160.10 |
163.50 |
3.40 |
2.32 |
3.34 |
3.34 |
653 |
620-574-49 |
E1E |
Eastern Ext |
183.10 |
186.60 |
3.50 |
2.15 |
5.58 |
5.58 |
678 |
620-574-50 |
E1E |
Eastern Ext |
240.00 |
246.00 |
6.00 |
2.30 |
6.80 |
6.80 |
745 |
620-574-51 |
E1E |
Eastern Ext |
272.03 |
276.00 |
3.97 |
2.61 |
84.02 |
28.71 |
775 |
620-574-52 |
E1E |
Eastern Ext |
223.50 |
228.60 |
5.10 |
2.11 |
3.78 |
3.78 |
727 |
620-598-25 |
E1E |
Eastern Ext |
295.50 |
301.50 |
6.00 |
2.02 |
7.55 |
7.55 |
789 |
620-598-27 |
E1E |
Eastern Ext |
187.00 |
190.50 |
3.50 |
2.07 |
5.00 |
5.00 |
675 |
620-598-29 |
E1E |
Eastern Ext |
258.90 |
265.20 |
6.30 |
3.00 |
8.60 |
6.25 |
755 |
620-598-30 |
E1E |
Eastern Ext |
215.20 |
221.00 |
5.80 |
3.98 |
7.19 |
7.19 |
711 |
620-543-65A |
E1E |
Main Ext |
214.10 |
217.80 |
3.70 |
2.81 |
6.44 |
6.44 |
718 |
840-542-02 |
E1E |
Main Ext |
238.30 |
243.00 |
4.70 |
2.79 |
23.53 |
23.53 |
989 |
840-542-03 |
E1E |
Main Ext |
178.60 |
181.60 |
3.00 |
2.46 |
8.44 |
8.44 |
897 |
840-542-09 |
E1E |
Main Ext |
217.90 |
221.20 |
3.30 |
2.60 |
17.20 |
17.20 |
957 |
840-542-13 |
E1E |
Main Ext |
186.30 |
190.80 |
4.50 |
2.52 |
16.46 |
16.46 |
912 |
840-542-14 |
E1E |
Main Ext |
175.00 |
178.00 |
3.00 |
2.76 |
4.50 |
4.49 |
890 |
840-542-15 |
E1E |
Main Ext |
223.00 |
226.00 |
3.00 |
2.13 |
11.56 |
11.56 |
977 |
840-542-16 |
E1E |
Main Ext |
255.80 |
258.90 |
3.10 |
2.04 |
9.63 |
9.63 |
1026 |
840-542-18 |
E1E |
Main Ext |
235.00 |
239.80 |
4.80 |
3.52 |
6.94 |
6.94 |
995 |
840-542-21 |
E1E |
Main Ext |
141.60 |
144.00 |
2.40 |
2.36 |
4.22 |
4.22 |
840 |
840-542-22 |
E1E |
Main Ext |
149.10 |
154.60 |
5.50 |
4.76 |
16.05 |
16.05 |
860 |
840-542-23 |
E1E |
Main Ext |
189.90 |
195.50 |
5.60 |
4.73 |
3.28 |
3.28 |
919 |
840-542-24 |
E1E |
Main Ext |
210.00 |
214.00 |
4.00 |
2.99 |
6.84 |
6.84 |
959 |
840-542-25 |
E1E |
Main Ext |
283.45 |
288.20 |
4.75 |
2.14 |
5.35 |
5.35 |
1057 |
840-542-29 |
E1E |
Main Ext |
152.35 |
155.25 |
2.90 |
2.77 |
3.15 |
3.15 |
807 |
620-598-03 |
Unknown |
Eastern Ext |
77.80 |
85.00 |
7.20 |
|
11.88 |
10.84 |
515 |
Note: Unknown zone corresponds to gold
intercepts outside known ore zones and for which continuity is not
yet established and therefore true width has not been
calculated.
Table 4: Surface exploration drill holes;
azimuth, dip, drilled length, and collar location at surface (UTM
NAD83).
HOLE-ID |
Azimuth (°) |
Dip (°) |
Drilled Length (m) |
Easting |
Northing |
Elevation (m) |
Comments |
MH10-10 |
347.8 |
-72.9 |
548.7 |
692033.4 |
5351123.2 |
395.4 |
cut from MH10-9 at 1160 m downhole |
MH10-6 |
347.8 |
-72.9 |
684.5 |
692033.4 |
5351123.2 |
395.4 |
cut from MH10-5 at 1166 m
downhole |
MH12-1 |
341.8 |
-64.2 |
1052.0 |
691310.1 |
5350974.7 |
394.5 |
cut from MH12 at 578 m downhole |
MH12-2 |
341.8 |
-64.2 |
746.0 |
691310.1 |
5350974.7 |
394.5 |
cut from MH12-1 at 903 m downhole |
MH13 |
336.9 |
-71.6 |
1700.0 |
692074.0 |
5351046.0 |
389.0 |
mother-hole |
MH14 |
359.0 |
-67.3 |
1571.0 |
691521.9 |
5351123.4 |
393.6 |
mother-hole |
MH4-8 |
336.5 |
-58.2 |
650.0 |
690949.1 |
5350863.5 |
392.1 |
cut from MH4-7 at 864 m downhole |
MH5-11 |
333.9 |
-62.3 |
623.0 |
690818.5 |
5350823.7 |
393.1 |
cut from MH5-10A at 897m downhole |
MH5-6 |
333.9 |
-62.3 |
717.0 |
690818.5 |
5350823.7 |
393.1 |
cut from MH5 at 695 m downhole |
MH5-7 |
333.9 |
-62.3 |
567.0 |
690818.5 |
5350823.7 |
393.1 |
cut from MH5-6 at 884 m downhole |
MH5-8 |
333.9 |
-62.3 |
729.0 |
690818.5 |
5350823.7 |
393.1 |
cut from MH5-7 at 921 m downhole |
MH5-9 |
333.9 |
-62.3 |
723.0 |
690818.5 |
5350823.7 |
393.1 |
cut from MH5-6 at 777 m downhole |
MH7-3 |
333.0 |
-61.4 |
769.0 |
690526.5 |
5350564.1 |
381.0 |
cut from MH7-2 at 695 m downhole |
MH7-4 |
333.0 |
-61.4 |
947.0 |
690526.5 |
5350564.1 |
381.0 |
cut from MH7 at 645 m downhole |
MH7-5 |
333.0 |
-61.4 |
689.0 |
690526.5 |
5350564.1 |
381.0 |
cut from MH7-4 at 876 m downhole |
MH9-12 |
338.1 |
-71.8 |
789.6 |
691536.4 |
5351166.1 |
393.3 |
cut from MH9-11 at 957 m downhole |
Table 5: Underground drill holes;
azimuth, dip, drilled length, and collar location (UTM
NAD83)
Hole-ID |
Azimuth (°) |
Dip (°) |
Drilled Length (m) |
Easting |
Northing |
Elevation (m) |
620-543-65A |
159.0 |
-31.0 |
237.0 |
690967.3 |
5351871.9 |
-226.5 |
620-574-48 |
148.0 |
-20.0 |
192.0 |
691256.6 |
5351965.6 |
-217.2 |
620-574-49 |
148.0 |
-26.0 |
219.0 |
691256.6 |
5351965.7 |
-217.4 |
620-574-50 |
161.0 |
-37.0 |
282.0 |
691256.2 |
5351965.4 |
-217.8 |
620-574-51 |
159.0 |
-41.0 |
381.0 |
691256.3 |
5351965.4 |
-217.7 |
620-574-52 |
148.0 |
-35.0 |
279.0 |
691256.5 |
5351965.7 |
-217.6 |
620-598-03 |
170.0 |
70.0 |
147.0 |
691475.4 |
5352063.9 |
-209.2 |
620-598-06 |
162.0 |
-4.0 |
141.0 |
691476.0 |
5352061.4 |
-212.1 |
620-598-09 |
155.0 |
-19.0 |
201.0 |
691476.3 |
5352061.7 |
-212.8 |
620-598-10 |
155.0 |
35.0 |
123.0 |
691476.2 |
5352061.7 |
-209.7 |
620-598-11 |
153.2 |
-34.6 |
264.0 |
691476.4 |
5352061.9 |
-213.2 |
620-598-15 |
141.0 |
57.0 |
135.0 |
691477.2 |
5352063.2 |
-208.7 |
620-598-18 |
159.0 |
-41.0 |
420.0 |
691476.4 |
5352061.9 |
-213.3 |
620-598-20 |
157.0 |
-13.0 |
183.0 |
691476.2 |
5352061.7 |
-212.7 |
620-598-25 |
167.0 |
-42.0 |
351.0 |
691477.1 |
5352062.0 |
-213.0 |
620-598-27 |
163.0 |
-27.0 |
225.0 |
691477.1 |
5352062.0 |
-213.0 |
620-598-29 |
160.0 |
-39.0 |
309.0 |
691477.1 |
5352062.0 |
-213.0 |
620-598-30 |
159.0 |
-33.0 |
265.0 |
691476.5 |
5352061.7 |
-212.9 |
620-604-01 |
146.0 |
-29.0 |
366.0 |
691531.5 |
5352086.4 |
-212.1 |
620-604-05 |
158.0 |
-48.0 |
591.0 |
691531.4 |
5352086.5 |
-212.4 |
620-604-06 |
158.0 |
-33.0 |
342.0 |
691531.5 |
5352086.5 |
-212.2 |
620-604-11 |
146.0 |
-33.0 |
309.0 |
691531.5 |
5352086.5 |
-212.2 |
620-605-01 |
141.7 |
-25.1 |
279.0 |
691539.0 |
5352103.1 |
-211.0 |
620-605-04 |
130.0 |
25.0 |
141.0 |
691539.0 |
5352103.3 |
-209.8 |
620-605-05 |
145.1 |
-34.0 |
372.0 |
691538.8 |
5352102.8 |
-212.2 |
620-605-06 |
144.0 |
-39.0 |
375.0 |
691539.0 |
5352102.6 |
-212.6 |
660-467-01 |
311.0 |
42.0 |
84.0 |
690323.4 |
5351451.2 |
-288.4 |
660-467-04 |
342.0 |
22.0 |
48.0 |
690324.6 |
5351451.5 |
-290.3 |
660-470-01 |
338.0 |
28.0 |
45.0 |
690346.0 |
5351457.7 |
-290.1 |
660-470-05 |
8.0 |
46.0 |
87.0 |
690346.0 |
5351457.7 |
-289.6 |
660-470-06 |
12.0 |
37.0 |
75.0 |
690346.3 |
5351457.9 |
-289.9 |
730-464-20 |
181.0 |
61.0 |
162.0 |
690244.5 |
5351545.1 |
-332.4 |
840-542-01 |
149.0 |
-42.0 |
315.0 |
690972.7 |
5351831.4 |
-465.9 |
840-542-02 |
149.0 |
-35.0 |
280.0 |
690972.7 |
5351831.4 |
-465.7 |
840-542-03 |
150.1 |
-16.2 |
205.0 |
690972.9 |
5351831.1 |
-465.0 |
840-542-05 |
162.0 |
-35.0 |
261.0 |
690972.2 |
5351830.9 |
-465.8 |
840-542-09 |
148.0 |
-30.0 |
246.0 |
690972.9 |
5351831.4 |
-465.5 |
840-542-13 |
154.0 |
-20.0 |
210.0 |
690973.3 |
5351831.4 |
-465.0 |
840-542-14 |
153.5 |
-14.3 |
199.4 |
690972.8 |
5351831.0 |
-464.9 |
840-542-15 |
163.9 |
-35.4 |
252.0 |
690972.3 |
5351831.0 |
-465.7 |
840-542-16 |
165.2 |
-43.3 |
300.0 |
690972.3 |
5351831.1 |
-466.0 |
840-542-18 |
164.0 |
-39.0 |
270.0 |
690972.3 |
5351831.1 |
-465.9 |
840-542-21 |
161.0 |
2.0 |
174.0 |
690972.7 |
5351830.9 |
-464.4 |
840-542-22 |
161.0 |
-6.0 |
183.0 |
690972.7 |
5351830.9 |
-464.6 |
840-542-23 |
161.0 |
-22.0 |
210.0 |
690973.0 |
5351831.1 |
-464.5 |
840-542-24 |
161.0 |
-32.0 |
234.0 |
690972.6 |
5351831.2 |
-465.5 |
840-542-25 |
158.0 |
-47.0 |
336.0 |
690972.7 |
5351831.4 |
-466.1 |
840-542-29 |
148.0 |
14.0 |
174.0 |
690973.2 |
5351831.2 |
-463.4 |
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/fdaa8627-3e02-49db-aa8e-7d2b6c69ffe3
http://www.globenewswire.com/NewsRoom/AttachmentNg/5e1f4f4b-6fcb-43b4-a463-ba2a98529f48
http://www.globenewswire.com/NewsRoom/AttachmentNg/10d10c96-185e-46ff-b8b2-a98854c659e3
http://www.globenewswire.com/NewsRoom/AttachmentNg/eb0aad20-226a-411f-90f6-24dc10782347
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