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. Drilling throughout 2018, including new
intercepts from the fourth quarter, continues to extend high-grade
gold mineralization across each of the Main, Western and Eastern
Extensions. All reported drill widths are true width of the
mineralized zones, unless otherwise stated.
- Western Extension: high-grade mineralization extended
200 metres (“m”) down-plunge from existing Inferred Mineral
Resources with the best surface directional intersection to date in
Western extension (MH16-03). New highlights include:
- 152.07 g/t Au (35.74 g/t cut) over 5.00 m
(MH16-03);
- 12.98 g/t Au (12.98 g/t cut) over 6.35 m;
and
- 9.64 g/t Au (9.64 g/t cut) over 4.15
m.
- Main Extension: high-grade mineralization extended 90 m
above the nearest previously reported intersection (MH13) with
another one of the best surface directional intersections to date
(MH17-01). This has extended high-grade mineralization up-plunge
and closed the gap with Inferred Mineral Resources in the Eastern
Extension. High grade mineralization has also been
extended nearly 1,000 m east of current mine workings and remains
open to the east and down-plunge. New highlights include:
- 56.60 g/t Au (44.03 g/t cut) over 4.81 m
(MH17-01);
- 45.14 g/t Au (34.73 g/t cut) over 3.14 m;
and
- 12.02 g/t Au (12.02 g/t Au cut) over 3.68
m.
Note: Drillhole composite intervals reported as
“cut” may include higher grade samples which have been cut to 225
g/t Au for Main and Extension 1 areas, and 100 g/t Au for Extension
2 Area.
“Island Gold has been a tremendous success
story, both in terms of the growth of the operation and its mineral
reserve and resource base. With excellent ongoing exploration
success including several of the best surface directional holes
ever coming in the latter part of 2018, we see strong potential for
this growth 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 was to expand the down-plunge and lateral extensions of the
Island Gold deposit with the objective of adding new near mine
Mineral Resources across the two-kilometre long Island Gold Main
Zone (Figure 1).
Drilling completed in 2018 was successful in
extending high grade gold mineralization across all three areas of
focus, including the Main, Western and Eastern Extensions. This has
already translated into significant growth in both Mineral Reserves
and Resources as detailed in the mid-year (June 30, 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 increased 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 140,896 m of drilling in 719 holes
was completed in 2018, including 75,441 m since the mid-year
Mineral Reserve and Resource update. Drilling in 2018 included
48,942 m of surface directional exploration drilling, 8,783 m of
regional exploration drilling, 25,378 m of underground exploration
drilling, 20,752 m of underground definition drilling and 37,041 m
of underground delineation drilling. New highlight intercepts since
the most recent Island Gold exploration press release (November 5,
2018) can be found in Figures 1 to 4 and Tables 1 to 3 at the end
of this release.
A significant portion of the surface exploration
drilling in the second half of 2018 focused on significant step-out
holes and is too broadly spaced to define Inferred Mineral
Resources. These areas will be infilled during
2019.
Surface and Underground Exploration
Drilling
Western Extension
Surface drilling in the Western Extension area
(Figure 3) ramped up in the second half of 2018 with only two holes
completed during the first half of the year. Several notable
intersections completed since the mid-year Mineral Reserve and
Resource update have continued to extend high-grade mineralization
laterally and down-plunge from existing Inferred Mineral
Resources. Highlights from the new drill results include
(Table 1):
- 152.07 Au (35.74 g/t cut) over 5.00 m
(MH16-03);
- 12.98 g/t Au (12.98 g/t cut) over 6.35 m
(MH16-01); and
- 9.64 g/t Au (9.64 g/t cut) over 4.15 m
(MH16-02).
Drill holes MH16-01, MH16-02, and MH16-03 all
intersected and extended high-grade gold mineralization up to 200 m
down-plunge from a previously defined Inferred Mineral Resource
block. Hole MH16-03 (152.07 Au (35.74 g/t cut) over 5.00 m) is
significant as the deepest and best surface directional
intersection drilled to date in the Western Extension.
Drilling will continue in 2019 in 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.
Main Extension
Surface directional drilling continues to target
the lateral and down-plunge continuation of gold mineralization
below existing Mineral Reserves and outside of Inferred Mineral
Resources. As reported 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.
Drilling since the mid-year 2018 update has been
successful in further extending gold mineralization with drill hole
spacing ranging from 75 to 100 m (Figure 2). Underground
exploration drilling also commenced in the fourth quarter of 2018
from drilling platforms established on the 840 level. Gold
mineralization has been extended nearly one kilometre to the east
of existing mine workings and this east-plunging high-grade ore
shoot remains open both laterally and down-plunge. New highlights
from the new surface and underground drill results include (Tables
1 and 2):
- 56.60 g/t Au (44.03 g/t cut) over 4.81 m
(MH17-01);
- 45.14 g/t Au (34.73 g/t cut) over 3.14 m
(MH12-4);
- 11.11 g/t Au (11.11 g/t cut) over 2.98 m
(MH13-1);
- 12.02 g/t Au (12.02 g/t cut) over 3.68 m
(MH17-02); and
- 8.35 g/t Au (8.35 g/t cut) over 3.62 m
(840-542-58).
Drill hole MH17-01 (56.60 g/t Au (44.03 g/t cut)
over 4.81 m), one of the best surface directional intersections to
date, extended high-grade gold mineralization 90 m above the
nearest previously drilled intercept, MH13 (118.58 g/t Au (39.99
g/t cut) over 6.66 m). MH13 was recently reported in the November
5, 2018 exploration update as the best surface directional
intercept drilled to date. MH17-01 and MH17-02 (12.02 g/t Au (12.02
g/t Au cut) over 3.68 m) are significant in that they have extended
high-grade mineralization up-plunge towards the Eastern Extension
and closed the gap with existing Inferred Mineral Resources to
approximately 500 m. Very limited drilling has been completed to
date in this area between the Eastern and Main Extensions. A focus
of the 2019 program will be testing the potential continuity of
high-grade mineralization between these two areas.
Drill hole MH12-4 (45.14 g/t Au (34.73 g/t cut)
over 3.14 m) continued to expand mineralization vertically below a
currently known Inferred Mineral Resource block containing 372,600
ounces grading 10.22 g/t Au. This builds confidence upon the
recently reported intersections, MH12-1 (15.08 g/t Au (15.08 g/t
cut) over 2.66 m) and MH12-2 (21.50 g/t Au (13.70 g/t cut) over
7.80 m), which are located 130 m and 40 m to the east, respectively
(see press release November 5, 2018).
The 2019 exploration program will focus on
further extending high-grade mineralization with the objective of
defining additional Mineral Resources in this area. Four diamond
drill rigs will continue to be active in the Main Extension target
area.
Eastern Extension
As reported in the press release dated November
5, 2018 underground exploration drilling from the 620-level
exploration drift continued to intersect high-grade mineralization
at depth and to the east including hole 620-605-06 (46.13 g/t Au
(44.17 g/t cut) over 2.83 m) which was the eastern most hole
drilled from the 620-level. Based on the positive drill results,
the decision was made to continue to extend the 620-level
exploration drift 150 m further to the east to establish drill
platforms for continued underground exploration drilling in
2019.
Underground exploration diamond drilling from
the 620 level was targeting an area between two resources blocks.
New highlights include hole 620-582-11 which intersected
10.65 g/t Au (cut) over 2.94 m and hole 620-582-08
which intersected 4.11 g/t Au (cut) over 4.97 m. This will
allow for these two mineral resources blocks to be connected adding
to mineral resources in this area (Figure 4).
In addition, 75 m to 100 m spaced step-out
directional drilling is planned from surface in 2019 to test the
area east of the underground exploration drift between the 850 and
1150 m vertical depths and previously reported high-grade
intersections approximately 350 m further to the east (Figure
4).
Underground Delineation
Drilling
Underground delineation drilling is also being
carried out from the 450, 620, 730, and 840 levels with the focus
on converting Inferred Mineral Resources to Indicated Mineral
Resources.
New highlight drill intercepts include (Table
3):
- 45.64 g/t Au (45.64 g/t cut) over 2.09 m
(450-467-66);
- 40.79 g/t Au (40.79 g/t cut) over 2.21 m
(450-467-72);
- 33.45 g/t Au (33.45 g/t cut) over 2.49 m
(450-467-80);
- 34.74 g/t Au (29.07 g/t cut) over 2.67 m
(620-582-04);
- 29.89 g/t Au (18.48 g/t cut) over 3.81 m
(620-582-12);
- 25.52 g/t Au (22.94 g/t cut) over 3.53 m
(620-582-13);
- 17.74 g/t Au (17.74 g/t cut) over 3.00 m
(840-542-27); and
- 47.61 g/t Au (33.33 g/t cut) over 2.24 m
(840-542-52).
The results from the infill delineation drilling
within existing Inferred Mineral Resource blocks continue to
confirm the continuity of the high-grade gold mineralization and
are expected to support the conversion of the Mineral Resources to
Mineral Reserves 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 Zone”) include (reported composite intervals are core
lengths):
- 51.80 g/t Au (37.80 g/t cut) over 7.10 m
(MH14-2);
- 26.58 g/t Au (20.74 g/t cut) over 4.60 m
(MH17-01);
- 11.98 g/t Au (10.01 g/t cut) over 5.85 m
(MH17-01);
- 15.14 g/t Au (15.14 g/t cut) over 3.50 m
(MH13); and
- 36.29 g/t Au (36.29 g/t cut) over 1.70 m
(MH14-2).
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
8,783 m of a planned 12,000 m regional
exploration drilling program was completed between September and
December to drill test targets along the Goudreau Deformation Zone
to the west of the main Island Gold Mine deposit and at the Kremzar
Gold Deposit.
New drill hole AR-390-01 intersected
7.03 g/t Au (7.03 g/t cut) over 5.50 m in a previously
unknown gold-bearing structure with similar alteration and
mineralization associated with gold mineralization at the Island
Gold Mine within the Goudreau Deformation Zone. This zone is
located approximately 600 m west of the existing Island Gold Mine
Reserves and Resources blocks.
Drilling at the Kremzar Gold Deposit targeted
below and laterally from a previously reported high-grade intercept
of 9.71 g/t Au over 5.95 m. Drilling was successful in
intersecting significant deformation zones with strong biotite
alteration and quartz veining, which returned anomalous gold values
such as 2.15 g/t Au over 5.15 m (13.90 m core length) in hole
KZ-18-02 and 0.6 g/t Au over 3.34 m (8.50 m core length),
warranting further exploration drilling. Assays are pending
for two other Kremzar drill holes.
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
- January 14, 2019 – Q4 2018 Production and 2019 Guidance
- January 15, 2019 – Investor Day
- Q1 2019 – Q4 2018 Earnings and 2018 Mineral Reserve and
Resource Update
- Q2 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:Main Island and
Extension 1 areas @ 225 g/t Au; Extension 2 Area @ 100 g/t
Au.Target area: Main Extension (Main Ext),
Western Extension (Western Ext), Eastern Extension (Eastern Ext),
Western Lateral.
Hole ID |
Zone |
Target Area |
From(m) |
To (m) |
CoreLength(m) |
TrueWidth(m) |
AuUncut(g/t) |
AuCut g/t) |
VerticalDepth(m) |
MH5-7 |
B |
Western Ext |
1307.00 |
1311.00 |
4.00 |
3.33 |
3.89 |
3.89 |
1081 |
MH16-01 |
C |
Western Ext |
1416.30 |
1424.00 |
7.70 |
6.35 |
12.98 |
12.98 |
1219 |
MH16-02 |
C |
Western Ext |
1429.40 |
1434.50 |
5.10 |
4.15 |
9.64 |
9.64 |
1245 |
MH16-03 |
C |
Western Ext |
1476.50 |
1483.10 |
6.60 |
5.00 |
152.07 |
35.74 |
1320 |
MH7-7 |
C |
Western Ext |
1404.30 |
1408.20 |
3.90 |
3.66 |
3.98 |
3.98 |
1069 |
MH12-4 |
E1E |
Main Ext |
1536.00 |
1541.10 |
5.10 |
3.14 |
45.14 |
34.73 |
1403 |
MH13-1 |
E1E |
Main Ext |
1606.20 |
1611.10 |
4.90 |
2.98 |
11.11 |
11.11 |
1430 |
MH14-2 |
E1E |
Main Ext |
1510.40 |
1514.40 |
4.00 |
2.27 |
5.98 |
5.98 |
1426 |
MH17-01 |
E1E |
Main Ext |
1524.00 |
1530.00 |
6.00 |
4.81 |
56.60 |
44.03 |
1263 |
MH17-02 |
E1E |
Main Ext |
1556.35 |
1561.50 |
5.15 |
3.68 |
12.02 |
12.02 |
1309 |
|
|
|
|
|
|
|
|
|
|
AR-390-01 |
Unknown |
Western Lateral |
983.30 |
988.80 |
5.50 |
|
7.03 |
7.03 |
885 |
MH13 |
Unknown |
Main Ext |
1558.40 |
1561.90 |
3.50 |
|
15.14 |
15.14 |
1361 |
MH14-2 |
Unknown |
Main Ext |
1606.40 |
1613.50 |
7.10 |
|
51.80 |
37.80 |
1517 |
MH14-2 |
Unknown |
Main Ext |
1717.50 |
1719.20 |
1.70 |
|
36.29 |
36.29 |
1619 |
MH16-02 |
Unknown |
Western Ext |
1421.40 |
1424.40 |
3.00 |
|
3.17 |
3.17 |
1238 |
MH17-01 |
Unknown |
Main Ext |
1538.30 |
1541.50 |
3.20 |
|
5.65 |
5.65 |
1273 |
MH17-01 |
Unknown |
Main Ext |
1544.00 |
1549.85 |
5.85 |
|
11.98 |
10.01 |
1278 |
MH17-01 |
Unknown |
Main Ext |
1560.80 |
1565.40 |
4.60 |
|
26.58 |
20.74 |
1290 |
MH17-02 |
Unknown |
Main Ext |
1584.85 |
1587.20 |
2.35 |
|
16.13 |
16.13 |
1330 |
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:Main Island and
Extension 1 areas @ 225 g/t Au; Extension 2 Area @ 100 g/t
Au.Target area: Main Extension (Main Ext),
Western Extension (Western Ext), Eastern Extension (Eastern Ext),
Western Lateral.
Hole ID |
Zone |
TargetArea |
From(m) |
To (m) |
CoreLength(m) |
TrueWidth(m) |
AuUncut(g/t) |
AuCut(g/t) |
VerticalDepth (m) |
620-582-08 |
E1E |
Eastern Ext |
179.70 |
185.75 |
6.05 |
4.97 |
4.11 |
4.11 |
663 |
620-582-11 |
E1E |
Eastern Ext |
239.10 |
243.60 |
4.50 |
2.94 |
10.65 |
10.65 |
735 |
840-542-38 |
E1E |
Main Ext |
251.50 |
255.20 |
3.70 |
2.03 |
3.47 |
3.47 |
1016 |
840-542-56 |
E1E |
Main Ext |
154.50 |
158.80 |
4.30 |
3.85 |
3.21 |
3.21 |
857 |
840-542-58 |
E1E |
Main Ext |
253.44 |
260.30 |
6.86 |
3.62 |
8.35 |
8.35 |
1025 |
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:Main Island and
Extension 1 areas @ 225 g/t Au; Extension 2 Area @ 100 g/t
Au.Target area: Main, Main Extension
(Main Ext), Western Extension (Western Ext), Eastern Extension
(Eastern Ext), Western Lateral.
Hole ID |
Zone |
Target Area |
From(m) |
To (m) |
CoreLength(m) |
TrueWidth(m) |
AuUncut(g/t) |
AuCut(g/t) |
VerticalDepth(m) |
450-467-66 |
C |
Main |
184.90 |
187.40 |
2.50 |
2.09 |
45.64 |
45.64 |
505 |
450-467-67 |
C |
Main |
223.30 |
226.00 |
2.70 |
1.88 |
9.94 |
9.94 |
562 |
450-467-69B |
C |
Main |
169.80 |
173.25 |
3.45 |
3.03 |
14.57 |
14.57 |
483 |
450-467-71 |
C |
Main |
175.50 |
179.30 |
3.80 |
3.20 |
5.89 |
5.89 |
505 |
450-467-72 |
C |
Main |
198.40 |
201.40 |
3.00 |
2.21 |
40.79 |
40.79 |
544 |
450-467-73 |
C |
Main |
171.00 |
174.00 |
3.00 |
2.59 |
6.76 |
6.76 |
502 |
450-467-74 |
C |
Main |
182.40 |
186.00 |
3.60 |
2.93 |
4.99 |
4.99 |
524 |
450-467-76 |
C |
Main |
189.70 |
193.20 |
3.50 |
2.71 |
8.00 |
8.00 |
532 |
450-467-77 |
C |
Main |
217.00 |
220.00 |
3.00 |
2.03 |
32.04 |
23.67 |
570 |
450-467-79 |
C |
Main |
186.00 |
188.60 |
2.60 |
2.07 |
3.21 |
3.21 |
516 |
450-467-80 |
C |
Main |
206.00 |
209.50 |
3.50 |
2.49 |
33.45 |
33.45 |
544 |
450-467-81 |
C |
Main |
183.50 |
186.30 |
2.80 |
2.25 |
7.23 |
7.23 |
506 |
450-467-82 |
C |
Main |
195.00 |
198.00 |
3.00 |
2.26 |
8.69 |
8.69 |
533 |
450-467-83 |
C |
Main |
210.00 |
213.00 |
3.00 |
2.06 |
3.51 |
3.51 |
555 |
730-464-35 |
C |
Main |
142.50 |
146.00 |
3.50 |
2.26 |
15.34 |
15.34 |
584 |
730-464-45 |
C |
Main |
124.50 |
128.00 |
3.50 |
2.61 |
18.18 |
18.18 |
610 |
730-464-46 |
C |
Main |
120.00 |
123.70 |
3.70 |
2.89 |
7.71 |
7.71 |
615 |
730-464-47 |
C |
Main |
130.80 |
134.00 |
3.20 |
2.29 |
3.15 |
3.15 |
605 |
730-464-48 |
C |
Main |
139.40 |
142.40 |
3.00 |
2.02 |
3.51 |
3.51 |
595 |
730-464-50 |
C |
Main |
114.00 |
117.00 |
3.00 |
2.38 |
8.98 |
8.98 |
632 |
620-582-01 |
E1E |
Eastern Ext |
220.90 |
225.20 |
4.30 |
3.01 |
3.10 |
3.10 |
713 |
620-582-04 |
E1E |
Eastern Ext |
206.40 |
210.00 |
3.60 |
2.67 |
34.74 |
29.07 |
694 |
620-582-09 |
E1E |
Eastern Ext |
168.40 |
171.80 |
3.40 |
2.92 |
3.67 |
3.67 |
650 |
620-582-12 |
E1E |
Eastern Ext |
188.00 |
192.80 |
4.80 |
3.81 |
29.89 |
18.48 |
673 |
620-582-13 |
E1E |
Eastern Ext |
217.00 |
222.00 |
5.00 |
3.53 |
25.52 |
22.94 |
709 |
620-582-16 |
E1E |
Eastern Ext |
235.40 |
239.40 |
4.00 |
2.56 |
3.25 |
3.25 |
729 |
840-542-10 |
E1E |
Main Ext |
193.50 |
198.00 |
4.50 |
3.43 |
7.98 |
7.98 |
918 |
840-542-26 |
E1E |
Main Ext |
168.45 |
172.20 |
3.75 |
3.29 |
14.04 |
14.04 |
880 |
840-542-27 |
E1E |
Main Ext |
217.00 |
221.50 |
4.50 |
3.00 |
17.74 |
17.74 |
965 |
840-542-28 |
E1E |
Main Ext |
209.80 |
213.10 |
3.30 |
2.31 |
6.22 |
6.22 |
950 |
840-542-30A |
E1E |
Main Ext |
162.63 |
165.00 |
2.37 |
2.30 |
8.18 |
8.18 |
772 |
840-542-31 |
E1E |
Main Ext |
138.40 |
142.50 |
4.10 |
4.05 |
4.39 |
4.39 |
832 |
840-542-36 |
E1E |
Main Ext |
143.60 |
146.60 |
3.00 |
2.99 |
5.31 |
5.31 |
813 |
840-542-44 |
E1E |
Main Ext |
151.50 |
154.00 |
2.50 |
2.41 |
6.68 |
6.68 |
819 |
840-542-45 |
E1E |
Main Ext |
149.20 |
152.85 |
3.65 |
3.39 |
5.37 |
5.37 |
849 |
840-542-46 |
E1E |
Main Ext |
231.00 |
234.00 |
3.00 |
2.23 |
13.83 |
13.83 |
981 |
840-542-52 |
E1E |
Main Ext |
230.00 |
233.70 |
3.70 |
2.24 |
47.61 |
33.33 |
990 |
450-467-75 |
G |
Main |
249.00 |
252.00 |
3.00 |
2.45 |
6.57 |
6.57 |
539 |
450-467-67 |
Unknown |
Main |
250.00 |
253.40 |
3.40 |
|
16.05 |
16.05 |
574 |
450-467-80 |
Unknown |
Main |
246.60 |
249.50 |
2.90 |
|
5.36 |
5.36 |
561 |
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 (°) |
DrilledLength(m) |
UTMEasting |
UTMNorthing |
UTMElevation(m) |
Comments |
AR-390-01 |
333.2 |
-69.2 |
1031.0 |
689734 |
5350866 |
400 |
|
MH7-7 |
348.8 |
-55.6 |
675.0 |
690527 |
5350564 |
381 |
cut from MH7-4 at 872 m downhole |
MH12-4 |
23.4 |
-61.2 |
882.0 |
691310 |
5350975 |
394 |
cut from MH12-3 at 968 m downhole |
MH13 |
336.9 |
-71.6 |
1700.0 |
692074 |
5351046 |
389 |
mother-hole |
MH13-1 |
331.9 |
-60.3 |
877.0 |
692074 |
5351046 |
389 |
cut from MH13 at 923 m |
MH14-2 |
353.5 |
-83.7 |
740.0 |
691522 |
5351123 |
394 |
cut from MH14-1 at 1107 m downhole |
MH16-01 |
337.3 |
-73.2 |
1550.0 |
691002 |
5350845 |
387 |
mother-hole |
MH16-02 |
337.3 |
-73.2 |
623.0 |
691002 |
5350845 |
387 |
cut from MH16-01 at 936 m down-hole |
MH16-03 |
337.3 |
-73.2 |
579.0 |
691002 |
5350845 |
387 |
cut from MH16-02 at 980 m down-hole |
MH17-01 |
339.1 |
-61.9 |
1799.0 |
692320 |
5351076 |
395 |
mother-hole |
Note: UTM mine surface elevation 382 m
Table 5: Underground drill holes;
azimuth, dip, drilled length, and collar location (UTM
NAD83)
Hole ID |
Azimuth (°) |
Dip (°) |
DrilledLength (m) |
UTMEasting |
UTMNorthing |
UTM Elevation(m) |
450-467-66 |
191.0 |
-18.0 |
246.0 |
690221 |
5351667 |
-69 |
450-467-67 |
191.0 |
-30.0 |
276.0 |
690221 |
5351667 |
-70 |
450-467-69B |
186.9 |
-11.7 |
213.0 |
690221 |
5351667 |
-70 |
450-467-71 |
182.0 |
-19.0 |
219.0 |
690222 |
5351667 |
-70 |
450-467-72 |
182.0 |
-29.0 |
222.0 |
690222 |
5351667 |
-70 |
450-467-73 |
171.0 |
-19.0 |
198.0 |
690222 |
5351667 |
-70 |
450-467-74 |
169.7 |
-25.5 |
228.0 |
690222 |
5351667 |
-70 |
450-467-75 |
152.0 |
-23.0 |
300.0 |
690223 |
5351667 |
-70 |
450-467-76 |
152.0 |
-28.0 |
228.0 |
690223 |
5351667 |
-70 |
450-467-77 |
155.0 |
-34.0 |
255.0 |
690223 |
5351667 |
-70 |
450-467-80 |
191.0 |
-27.0 |
270.0 |
690221 |
5351667 |
-70 |
450-467-81 |
188.0 |
-17.0 |
216.0 |
690221 |
5351667 |
-70 |
450-467-82 |
186.0 |
-25.0 |
234.0 |
690221 |
5351667 |
-70 |
620-582-04 |
161.0 |
-29.0 |
240.0 |
691330 |
5352009 |
-216 |
620-582-08 |
172.0 |
-22.0 |
216.0 |
691330 |
5352009 |
-215 |
620-582-11 |
164.0 |
-35.0 |
288.0 |
691331 |
5352010 |
-215 |
620-582-12 |
158.0 |
-25.4 |
225.0 |
691330 |
5352010 |
-215 |
620-582-13 |
158.0 |
-32.0 |
255.0 |
691331 |
5352010 |
-216 |
730-464-35 |
153.0 |
65.0 |
174.0 |
690244 |
5351545 |
-333 |
730-464-45 |
154.0 |
54.0 |
144.0 |
690245 |
5351545 |
-332 |
730-464-46 |
167.0 |
54.0 |
144.0 |
690244 |
5351545 |
-332 |
730-464-50 |
194.0 |
46.0 |
132.0 |
690243 |
5351544 |
-333 |
840-542-10 |
148.5 |
-21.4 |
216.0 |
690973 |
5351831 |
-465 |
840-542-26 |
156.0 |
-11.0 |
186.0 |
690973 |
5351831 |
-465 |
840-542-27 |
156.0 |
-32.0 |
231.0 |
690973 |
5351831 |
-466 |
840-542-28 |
152.0 |
-29.0 |
231.0 |
690973 |
5351831 |
-465 |
840-542-30A |
158.0 |
26.0 |
180.0 |
690973 |
5351831 |
-463 |
840-542-31 |
164.0 |
6.0 |
165.0 |
690972 |
5351831 |
-464 |
840-542-36 |
164.0 |
13.0 |
171.0 |
690972 |
5351831 |
-464 |
840-542-44 |
152.0 |
10.0 |
171.0 |
690973 |
5351831 |
-464 |
840-542-45 |
152.0 |
-1.0 |
171.0 |
690973 |
5351831 |
-464 |
840-542-46 |
152.0 |
-35.0 |
264.0 |
690973 |
5351831 |
-466 |
840-542-52 |
171.0 |
-38.0 |
267.0 |
690972 |
5351831 |
-466 |
840-542-55 |
155.0 |
7.0 |
162.0 |
690973 |
5351831 |
-464 |
840-542-58 |
171.0 |
-44.0 |
303.0 |
690973 |
5351831 |
-465 |
860-SIL-24 |
358.0 |
0.0 |
17.0 |
690980 |
5351642 |
-476 |
Note: UTM mine surface elevation 382 m
Figure 1: Island Gold Mine Main Zone
Longitudinal – 2018 Drilling Target Areas
http://www.globenewswire.com/NewsRoom/AttachmentNg/bea7e4ee-c77b-484c-a85a-802bb4df2180
Figure 2: Island Gold Mine Main Zone
Longitudinal – Main Extension
http://www.globenewswire.com/NewsRoom/AttachmentNg/53fc592f-26d5-48af-b2ce-ce069e1d6beb
Figure 3: Island Gold Mine Main Zone
Longitudinal – Western Extension
http://www.globenewswire.com/NewsRoom/AttachmentNg/9112c84b-4cff-4d2b-8793-0450e021cb27
Figure 4: Island Gold Mine Main Zone
Longitudinal – Eastern Extension
http://www.globenewswire.com/NewsRoom/AttachmentNg/a449e750-8f31-4718-8941-773634bbab7b
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