Alamos Gold Inc. (
TSX:AGI;
NYSE:AGI) (“Alamos” or the “Company”) today reported new
results from surface and underground exploration and delineation
drilling at the Island Gold Mine. Drilling in 2019 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.
- Eastern Extension: high-grade mineralization
intersected in a previously untested area between the Eastern and
Main Extensions, within a 500 metre (“m”) gap between Inferred
Mineral Resource blocks. This area is only 1,000 m from
surface and relatively close to existing infrastructure. New
highlights include:
- 46.11 g/t Au (25.81 g/t cut) over 4.67m
(MH18-03);
- Main Extension: high-grade mineralization extended 65 m
up-plunge (MH13-5) and 65 m down-plunge (MH17-04) from the nearest
previously reported intersections. High-grade
mineralization has been extended over 1,000 m east of current mine
workings and remains open along strike to the east and both up and
down-plunge. New highlights include:
- 71.17 g/t Au (24.53 g/t cut) over 5.10 m
(MH13-5);
- 40.75 g/t Au (34.01 g/t cut) over 5.15 m (MH17-04);
and
- 30.01 g/t Au (15.13 g/t cut) over 4.96 m
(MH12-5).
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 160 g/t Au for Extension
2 Area.
“Drill results continue to demonstrate the
tremendous growth potential of the Island Gold deposit across
multiple areas of focus. The Main Extension continues to grow and
we see excellent potential for this to continue with more than 90%
of our exploration drill holes intersecting gold mineralization
along the Island Gold Main Zone. We are also particularly excited
about the potential between the Main and Eastern Extensions having
intersected high-grade mineralization in an area that has seen very
little drilling to date. We have started to close the gap between
high grade resources in both areas and see excellent potential for
this to continue,” said John A. McCluskey, President and Chief
Executive Officer.
2019 Drilling Program – Island Gold
Mine
The focus of the 2019 exploration drilling
program is to continue 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).
The ongoing exploration program at Island Gold
has been successful in extending high grade gold mineralization
across each of the Main, Western, and Eastern Extensions. This has
translated into significant growth in Mineral Reserves and
Resources since the November 2017 acquisition of Island Gold
as follows (Mineral Reserves and Resources as of December 31, 2018;
see press release dated February 19, 2019):
- Mineral Reserves have
increased 467,000 ounces before mining depletion, or 255,000 ounces
net of mining depletion, to 1.0 million ounces with Mineral Reserve
grades increasing 12% (3.0 million tonnes (“mt”) grading
10.28 g/t Au)
- Measured and Indicated
Mineral Resources have increased 115%, or 105,000 ounces, to
196,000 ounces with grades increasing 48% (0.7 mt grading
8.77 g/t Au)
- Inferred Mineral Resources
have increased 58%, or 577,000 ounces, to 1.6 million ounces with
grades increasing 15% (4.2 mt grading 11.71 g/t Au)
A total of 29,832 m of drilling in 99 holes has been completed
thus far in 2019. This includes 13,992 m of surface directional
exploration drilling, 1,119 m of regional exploration drilling,
5,804 m of underground exploration drilling and 8,917 m of
underground delineation drilling. New highlight intercepts can be
found in Figures 1 to 4 and Tables 1 to 3 at the end of this news
release.
The 2019 drill program includes 48,000 m of surface directional
exploration drilling, 30,000 m of underground exploration drilling,
35,000 m of delineation drilling, and 917 m of exploration drift
development.
Surface and Underground Exploration
Drilling
Eastern Extension
Surface directional drilling within the Eastern
Extension is focused on testing the area down-plunge and to the
east of known Inferred Resource blocks, between the 850 m and 1150
m vertical depths, and previously reported high-grade intersections
approximately 350 m further to the east (Figure 3).
Three drill holes have been completed in this
area to date in 2019, with drill hole MH18-03 intersecting 46.11
g/t Au (25.81 g/t cut) over 4.67m. This intersection is 200 m
down-plunge from the closest Inferred Mineral Resources in the
Eastern Extension, and 300 m vertically above Inferred Mineral
Resources defined in the eastern down-plunge extent of the Main
Extension. Testing the potential continuity of high-grade
mineralization between the Eastern and Main Extensions will be an
ongoing focus in 2019 with this area having seen limited drilling
to date. Two surface directional diamond drill rigs are active in
this area, and will continue with 75 to 100 m spaced step-out
drilling. New highlights from the surface drilling program
include (E1E-Zone) (Table 1):
- 46.11 g/t Au (25.81 g/t cut) over 4.67 m
(MH18-03);
- 4.45 g/t Au (4.45 g/t cut) over 10.24 m (MH18-02);
and
- 6.03 g/t Au (6.03 g/t cut) over 3.65 m
(MH18-01).
Main Extension
Surface directional drilling to date in 2019 has
been successful in further extending gold mineralization with drill
hole spacing ranging from 50 to 100 m (Figure 2). Gold
mineralization has now been extended one kilometre to the east of
existing mine workings. This east plunging high-grade ore shoot
remains open laterally, up and down-plunge.
New highlights from the surface and underground
exploration drill results include (E1E-Zone) (Tables 1 and 2):
- 71.17 g/t Au (24.53 g/t cut) over 5.10 m
(MH13-5);
- 40.75 g/t Au (34.01 g/t cut) over 5.15 m
(MH17-04);
- 30.01 g/t Au (15.13 g/t cut) over 4.96 m
(MH12-5);
- 38.42 g/t Au (23.78 g/t cut) over 2.75 m
(840-548-11);
- 17.52 g/t Au (16.97 g/t cut) over 2.81 m (MH17-03);
and
- 12.91 g/t Au (12.91 g/t cut) over 4.57 m
(840-548-10).
Drill hole MH13-5 (71.17 g/t Au (24.53 g/t cut)
over 5.10 m), returned one of the best surface directional
intersections to date in the Main Extension and also extended
high-grade mineralization 65 m up-plunge from the nearest
previously drilled intercept.
Drill holes MH17-03 (17.52 g/t Au (16.97 g/t
cut) over 2.81m) and MH17-04 (40.75 g/t Au (34.01 g/t cut) over
5.15 m) extended high-grade gold mineralization 50 m further to the
east of the nearest previously drilled intercepts, MH13 (118.58 g/t
Au (53.51 g/t cut) over 6.66 m) and MH17-01 (56.60 g/t Au (50.87
g/t cut) over 5.66 m).
Drill hole MH17-05, drilled a further 50 m to
the east of MH17-03 and MH17-04, also intersected gold
mineralization (2.25 g/t Au over 6.72 m) within the same zone.
Despite the lower grades, visible gold associated with quartz
veining was observed in this interval, confirming presence of gold
mineralization another 50 m further to the east.
The 2019 exploration program will continue to
focus on further extending high-grade mineralization with the
objective of defining additional Mineral Resources in this area.
Underground exploration drilling has also commenced from the 840
level exploration drift with the objective of testing the area
between the Main Extension Inferred Mineral Resources and the
Eastern Extension Mineral Reserve and Resource blocks above. Three
surface directional diamond drill rigs remain active in the Main
Extension target area.
Western Extension
Surface drilling in the Western Extension area
(Figure 4) has continued to extend high-grade mineralization
laterally and down-plunge from existing Inferred Mineral Resources.
Drill hole MH16-04 intersected 5.14 g/t Au (5.14 g/t cut) over 5.28
m, extending mineralization an additional 75 m from previously
reported drill hole MH16-03 (152.07 g/t Au (35.74 g/t cut) over
5.00m). One surface directional diamond drill rig is active in this
area. In addition, underground exploration drilling commenced from
the 450 diamond drill bay in the main ramp and was successful in
extending high-grade gold mineralization 50 m to the west of the
existing Mineral Reserves. Highlights from the new surface and
underground drill results include (C-Zone) (Tables 1 and 2):
- 31.62 g/t Au (31.62 g/t cut) over 3.22 m
(450-467-85);
- 10.43 g/t Au (10.43 g/t cut) over 3.34 m (450-467-86);
and
- 5.14 g/t Au (5.14 g/t cut) over 5.28 m
(MH16-04).
Underground Delineation
Drilling
Underground delineation drilling is also being
carried out from the 450 drill bay and from the 580 and 840 levels,
with the focus on converting Inferred Mineral Resources to
Indicated Mineral Resources.
New highlight drill intercepts include (Table
3):
- 38.99 g/t Au (24.86 g/t cut) over 3.60 m
(840-548-18);
- 35.61 g/t Au (29.75 g/t cut) over 3.31 m
(840-548-03);
- 22.57 g/t Au (18.74 g/t cut) over 4.56 m
(840-542-60);
- 22.44 g/t Au (22.44 g/t cut) over 4.55 m
(840-548-05);
- 37.59 g/t Au (37.59 g/t cut) over 2.21 m
(580-473-07);
- 13.00 g/t Au (9.60 g/t cut) over 6.38 m
(840-542-61);
- 13.38 g/t Au (13.38 g/t cut) over 5.35 m
(840-548-14);
- 4.88 g/t Au (4.88 g/t cut) over 7.92 m
(840-542-63);
- 16.11 g/t Au (16.11 g/t cut) over 2.18 m (580-473-13);
and
- 11.31 g/t Au (11.31 g/t cut) over 3.09 m
(840-548-02).
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 (Tables 1, 2 and 3):
- 29.13 g/t Au (29.13 g/t cut) over 2.80 m
(MH17-04);
- 27.07 g/t Au (27.07 g/t cut) over 2.40 m
(MH17-03);
- 17.56 g/t Au (17.56 g/t cut) over 2.50 m
(840-548-14); and
- 12.38 g/t Au (12.38 g/t cut) over 2.60 m
(840-548-01).
Note: Reported composite intervals are core
lengths
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
As part of the 2018 regional exploration
drilling program, two drill holes were started late in 2018 and
completed in 2019. This included drill hole AR-415-04 which
intersected 9.31 g/t over 3.31 m, approximately 250 m west
from the most westernly Inferred Mineral Resource block of the
Island Gold Deposit. This gold-bearing structure has similar
alteration and mineralization that is associated with gold
mineralization at the Island Gold Mine within the Goudreau
Deformation Zone.
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
- Q2 2019 – Young-Davidson and Island Gold Site Tours
- Mid-2019 – Lynn Lake Optimization Study
- H2 2019 – La Yaqui Grande EIA Approval
- H2 2019 – Cerro Pelon Construction Update
- H2 2019 – Kirazlı Construction Update
- H2 2019 – Island Gold Phase II Expansion Permit
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 Canadian and U.S. 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", “believe", "anticipate", "plan",,
“forecast”, "estimate", "intend", “budget” 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.
Alamos cautions readers not to place undue
reliance on the forward-looking statements which are not guarantees
of future events as a number of factors could cause results,
conditions, actions or events to differ materially from the
targets, outlooks, expectations, goals, estimates or intentions
expressed in the forward-looking statements. These factors include,
but are not limited to: risks related to obtaining and maintaining
necessary permits, licenses and authorizations required to carry
out planned exploration or development work, the actual results of
current exploration activities, conclusions of economic and
geological evaluations, changes in project parameters as plans
continue to be refined, employee and community relations,the
speculative nature of mineral exploration and development, contests
over title to properties, changes in national and local government
legislation, control and regulations and and fluctuations of the
price of gold and foreign exchange rates as well as those
factors discussed in the section entitled "Risk Factors" in Alamos'
latest Annual Information Form and MD&A, each under the heading
“Risk Factors”, available on the SEDAR website at www.sedar.com or
on EDGAR at www.sec.gov. The foregoing should be reviewed in
conjunction with the information found in this news release.
The Company disclaims any intention or obligation to update or
revise any forward-looking statement, whether written or oral, or
whether as a result of new information, future events or otherwise,
except as required by applicable law.
All of the forward-looking statements made in
this news 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 the Securities Exchange Commission (the “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. 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 @ 160
g/t Au
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 (m) |
MH12-5 |
E1E |
Main Ext |
1517.40 |
1523.40 |
6.00 |
4.96 |
30.01 |
15.13 |
1367 |
MH13-4 |
E1E |
Main Ext |
1515.10 |
1517.70 |
2.60 |
2.55 |
9.89 |
9.89 |
1300 |
MH13-5 |
E1E |
Main Ext |
1518.50 |
1523.60 |
5.10 |
5.10 |
71.17 |
24.53 |
1277 |
MH14-6 |
E1E |
Main Ext |
1520.20 |
1532.80 |
12.60 |
10.52 |
3.85 |
3.85 |
1380 |
MH17-03 |
E1E |
Main Ext |
1545.90 |
1549.00 |
3.10 |
2.81 |
17.52 |
16.97 |
1313 |
MH17-04 |
E1E |
Main Ext |
1569.10 |
1575.40 |
6.30 |
5.15 |
40.75 |
34.01 |
1384 |
MH17-05 |
G |
Main Ext |
1492.60 |
1495.60 |
3.00 |
2.90 |
7.58 |
7.58 |
1288 |
MH18-01 |
E1E |
Eastern Ext |
1086.20 |
1090.70 |
4.50 |
3.65 |
6.03 |
6.03 |
956 |
MH18-02 |
E1E |
Eastern Ext |
1127.50 |
1140.90 |
13.40 |
10.24 |
4.45 |
4.45 |
1025 |
MH18-03 |
E1E |
Eastern Ext |
1107.70 |
1113.80 |
6.10 |
4.67 |
46.11 |
25.81 |
991 |
AR-415-04 |
C |
Western Ext |
833.70 |
838.30 |
4.60 |
3.31 |
9.31 |
9.31 |
689 |
MH16-03 |
G1 |
Western Ext |
1398.10 |
1404.00 |
5.90 |
4.44 |
16.22 |
16.22 |
1252 |
MH16-04 |
G |
Western Ext |
1478.99 |
1484.34 |
5.35 |
4.40 |
7.28 |
7.28 |
1338 |
MH16-04 |
C |
Western Ext |
1498.50 |
1504.90 |
6.40 |
5.28 |
5.14 |
5.14 |
1355 |
MH16-05 |
C |
Western Ext |
1458.10 |
1461.25 |
3.15 |
2.62 |
4.07 |
4.07 |
1294 |
|
|
|
|
|
|
|
|
|
|
MH13-3 |
Unknown |
Main Ext |
1592.50 |
1593.20 |
0.70 |
|
25.69 |
25.69 |
1413 |
MH17-03 |
Unknown |
Main Ext |
1624.00 |
1629.50 |
5.50 |
|
3.40 |
3.40 |
1377 |
MH17-03 |
Unknown |
Main Ext |
1653.00 |
1655.40 |
2.40 |
|
27.07 |
27.07 |
1400 |
MH17-04 |
Unknown |
Main Ext |
1595.20 |
1598.00 |
2.80 |
|
29.13 |
29.13 |
1406 |
MH16-01 |
Unknown |
Western Ext |
1175.00 |
1179.50 |
4.50 |
|
5.89 |
5.89 |
1036 |
MH16-02 |
Unknown |
Western Ext |
1221.50 |
1224.60 |
3.10 |
|
9.55 |
9.55 |
1082 |
MH16-02 |
Unknown |
Western Ext |
1299.00 |
1300.70 |
1.70 |
|
12.46 |
12.46 |
1142 |
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 @ 160
g/t Au
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 (m) |
450-467-85 |
C |
Western Ext |
199.80 |
203.85 |
4.05 |
3.22 |
31.62 |
31.62 |
503 |
450-467-86 |
C |
Western Ext |
188.00 |
192.00 |
4.00 |
3.34 |
10.43 |
10.43 |
485 |
840-548-06 |
E1E |
Main Ext |
178.20 |
181.60 |
3.40 |
2.69 |
3.42 |
3.42 |
902 |
840-548-10 |
E1E |
Main Ext |
159.80 |
164.80 |
5.00 |
4.57 |
12.91 |
12.91 |
871 |
840-548-11 |
E1E |
Main Ext |
265.90 |
270.55 |
4.65 |
2.75 |
38.42 |
23.78 |
1030 |
840-548-16 |
E1E |
Main Ext |
244.00 |
246.70 |
2.70 |
2.02 |
8.73 |
8.73 |
1004 |
840-548-20 |
E1E |
Main Ext |
149.00 |
151.30 |
2.30 |
2.08 |
3.67 |
3.67 |
851 |
|
|
|
|
|
|
|
|
|
|
840-548-01 |
Unknown |
Main Ext |
81.80 |
84.40 |
2.60 |
|
12.38 |
12.38 |
899 |
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: Main
Island and Extension 1 areas @ 225 g/t Au; Extension 2 Area @ 160
g/t Au
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 (m) |
840-542-60 |
E1E |
Main Ext |
303.92 |
315.00 |
11.08 |
4.56 |
22.57 |
18.74 |
1080 |
840-542-61 |
E1E |
Main Ext |
301.00 |
314.20 |
13.20 |
6.38 |
13.00 |
9.60 |
1085 |
840-542-63 |
E1E |
Main Ext |
285.00 |
300.50 |
15.50 |
7.92 |
4.88 |
4.88 |
1066 |
840-548-02 |
E1E |
Main Ext |
233.80 |
238.30 |
4.50 |
3.09 |
11.31 |
11.31 |
986 |
840-548-03 |
E1E |
Main Ext |
225.60 |
230.20 |
4.60 |
3.31 |
35.61 |
29.75 |
973 |
840-548-04 |
E1E |
Main Ext |
209.00 |
212.30 |
3.30 |
2.40 |
7.32 |
7.32 |
946 |
840-548-05 |
E1E |
Main Ext |
195.00 |
200.80 |
5.80 |
4.55 |
22.44 |
22.44 |
925 |
840-548-13 |
E1E |
Main Ext |
214.00 |
218.65 |
4.65 |
3.28 |
8.67 |
8.67 |
954 |
840-548-14 |
E1E |
Main Ext |
198.12 |
205.83 |
7.71 |
5.35 |
13.38 |
13.38 |
933 |
840-548-17 |
E1E |
Main Ext |
234.70 |
237.70 |
3.00 |
2.10 |
8.30 |
8.30 |
979 |
840-548-18 |
E1E |
Main Ext |
222.25 |
227.50 |
5.25 |
3.60 |
38.99 |
24.86 |
957 |
450-467-87 |
C |
Western Ext |
188.55 |
192.50 |
3.95 |
3.29 |
3.44 |
3.44 |
505 |
580-473-07 |
C |
Western Ext |
68.70 |
71.45 |
2.75 |
2.21 |
37.59 |
37.59 |
539 |
580-473-13 |
C |
Western Ext |
58.60 |
61.00 |
2.40 |
2.18 |
16.11 |
16.11 |
546 |
450-467-64 |
D1 |
Western Ext |
209.15 |
211.93 |
2.78 |
1.79 |
5.45 |
5.45 |
569 |
|
|
|
|
|
|
|
|
|
|
840-548-04 |
Unknown |
Main Ext |
94.50 |
97.50 |
3.00 |
|
6.76 |
6.76 |
891 |
840-548-14 |
Unknown |
Main Ext |
100.44 |
102.94 |
2.50 |
|
17.56 |
17.56 |
890 |
450-467-87 |
Unknown |
Western Ext |
202.00 |
204.42 |
2.42 |
|
10.02 |
10.02 |
508 |
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) |
UTM Easting |
UTM Northing |
UTM Elevation (m) |
Comments |
AR-415-01 |
5 |
-69 |
1100 |
689995 |
5350898 |
386 |
|
AR-415-02 |
337 |
-66 |
1046 |
689995 |
5350898 |
386 |
|
AR-415-03 |
319 |
-70 |
1142 |
689994 |
5350897 |
385 |
|
AR-415-04 |
356 |
-60 |
1127 |
689995 |
5350898 |
386 |
|
MH12-4 |
337 |
-70 |
888 |
691310 |
5350975 |
394 |
Cut from MH12-3 at 968m |
MH12-5 |
337 |
-70 |
579 |
691310 |
5350975 |
394 |
Cut from MH12-4 at 1070m |
MH12-6 |
337 |
-70 |
837 |
691522 |
5351123 |
394 |
Cut from MH12-5 at 1025m |
MH13-3 |
337 |
-72 |
688 |
692074 |
5351046 |
389 |
Cut from MH13-1 at 1051m |
MH13-4 |
337 |
-72 |
685 |
692074 |
5351046 |
389 |
Cut from MH13-1 at 979m |
MH13-5 |
336 |
-72 |
688 |
692074 |
5351046 |
389 |
Cut from MH13-4 at 961m |
MH14-3 |
338 |
-85 |
932 |
691522 |
5351123 |
394 |
Cut from MH14-1 at 852m |
MH14-4 |
228 |
-85 |
808 |
691522 |
5351123 |
394 |
Cut from MH14-3 at 880m |
MH14-6 |
3 |
-68 |
1422 |
691522 |
5351123 |
394 |
Cut from MH14 at 209m |
MH16-01 |
337 |
-73 |
1584 |
691002 |
5350845 |
387 |
|
MH16-02 |
337 |
-73 |
656 |
691002 |
5350845 |
387 |
Cut from MH16-01 at 936m |
MH16-03 |
337 |
-73 |
579 |
691002 |
5350845 |
387 |
Cut from MH16-02 at 980m |
MH16-04 |
337 |
-73 |
827 |
691002 |
5350845 |
387 |
Cut from MH16-03 at 828m |
MH16-05 |
337 |
-73 |
1087 |
691002 |
5350845 |
387 |
Cut from MH16-01 at 517m |
MH17-03 |
334 |
-73 |
924 |
692320 |
5351076 |
395 |
Cut from MH17-02 at 884m |
MH17-04 |
334 |
-73 |
767 |
692320 |
5351076 |
395 |
Cut from MH17-03 at 959m |
MH17-05 |
334 |
-73 |
966 |
692320 |
5351076 |
395 |
Cut from MH17-01 at 839m |
MH18-01 |
339 |
-75 |
1259 |
691886 |
5351456 |
400 |
|
MH18-02 |
339 |
-75 |
741 |
691886 |
5351456 |
400 |
Cut from MH18-01 at 666m |
MH18-03 |
339 |
-75 |
732 |
691886 |
5351456 |
400 |
Cut from MH18-02 at 539m |
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 (°) |
Drilled Length (m) |
UTM Easting |
UTM Northing |
UTM Elevation (m) |
450-467-59 |
148 |
-27 |
255 |
690222 |
5351667 |
-70 |
450-467-64 |
144 |
-36 |
306 |
690224 |
5351667 |
-70 |
450-467-84 |
200 |
-21 |
249 |
690221 |
5351667 |
-70 |
450-467-85 |
200 |
-16 |
241 |
690221 |
5351667 |
-70 |
450-467-86 |
198 |
-11 |
222 |
690222 |
5351667 |
-70 |
450-467-87 |
195 |
-18 |
228 |
690222 |
5351667 |
-70 |
450-467-88 |
192 |
-21 |
263 |
690222 |
5351667 |
-70 |
450-467-90 |
194 |
-2 |
207 |
690222 |
5351667 |
-69 |
580-473-04 |
210 |
11 |
90 |
690327 |
5351562 |
-202 |
580-473-07 |
206 |
38 |
87 |
690327 |
5351562 |
-200 |
580-473-13 |
188 |
37 |
72 |
690328 |
5351562 |
-200 |
620-543-72 |
158 |
11 |
156 |
690967 |
5351872 |
-226 |
635-521-05 |
144 |
8 |
90 |
690801 |
5351699 |
-267 |
635-521-06 |
143 |
28 |
90 |
690801 |
5351699 |
-266 |
635-521-07 |
137 |
45 |
96 |
690801 |
5351699 |
-265 |
840-542-51 |
171 |
-34 |
246 |
690972 |
5351831 |
-466 |
840-542-59 |
166 |
-47 |
318 |
690972 |
5351831 |
-466 |
840-542-60 |
152 |
-47 |
330 |
690972 |
5351831 |
-466 |
840-542-61 |
173 |
-49 |
369 |
690972 |
5351831 |
-466 |
840-542-62 |
149 |
-50 |
375 |
690972 |
5351831 |
-466 |
840-542-63 |
172 |
-48 |
360 |
690972 |
5351831 |
-466 |
840-548-01 |
162 |
-39 |
282 |
691029 |
5351853 |
-464 |
840-548-02 |
162 |
-36 |
270 |
691029 |
5351853 |
-464 |
840-548-03 |
162 |
-34 |
252 |
691029 |
5351853 |
-464 |
840-548-04 |
164 |
-28 |
240 |
691029 |
5351853 |
-464 |
840-548-05 |
162 |
-24 |
225 |
691029 |
5351853 |
-464 |
840-548-06 |
162 |
-18 |
210 |
691029 |
5351853 |
-464 |
840-548-09 |
160 |
-47 |
345 |
691029 |
5351853 |
-464 |
840-548-10 |
160 |
-9 |
189 |
691029 |
5351853 |
-464 |
840-548-11 |
157 |
-43 |
312 |
691029 |
5351853 |
-464 |
840-548-13 |
157 |
-32 |
234 |
691029 |
5351853 |
-464 |
840-548-14 |
156 |
-27 |
234 |
691029 |
5351853 |
-464 |
840-548-15 |
157 |
7 |
180 |
691029 |
5351853 |
-464 |
840-548-16 |
151 |
-38 |
282 |
691029 |
5351853 |
-464 |
840-548-17 |
151 |
-34 |
270 |
691029 |
5351853 |
-464 |
840-548-18 |
151 |
-30 |
252 |
691029 |
5351853 |
-464 |
840-548-20 |
149 |
-2 |
192 |
691029 |
5351853 |
-464 |
840-548-21 |
149 |
21 |
210 |
691029 |
5351853 |
-464 |
Note: UTM mine surface elevation 382 m
Figures accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/0100417f-f958-43c1-ae49-ab26eb0043e3
http://www.globenewswire.com/NewsRoom/AttachmentNg/5fe9df96-1b1e-4bad-81f6-c8405556b7db
http://www.globenewswire.com/NewsRoom/AttachmentNg/5253321e-383d-4374-b7be-e25f06936ee6
http://www.globenewswire.com/NewsRoom/AttachmentNg/007caf35-943a-446d-99fa-df915d31ddcb
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