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, further extending high-grade gold mineralization
beyond existing Mineral Resources in all three areas of focus. All
reported drill widths are true width of the mineralized zones,
unless otherwise stated.
- Main Extension Down-Plunge:
high-grade mineralization extended 80 metres (“m”) east of existing
Mineral Resources (MH17-12) and 50 m below the nearest previously
reported intersection (MH17-07). 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:
- 121.32 g/t Au (96.47 g/t cut) over 3.81 m
(MH20-01);
- 108.17 g/t Au (94.56 g/t cut) over 2.57 m (MH17-11);
and
- 36.45 g/t Au (13.23 g/t cut) over 8.04 m
(MH17-12).
- Eastern Extension:
high-grade mineralization intersected 170 m east of the nearest
Indicated Mineral Resource (620-610-07). This area is located
225 m above the high-grade intersections in the new area of
focus. New highlights include:
- 32.19 g/t Au (25.48 g/t cut) over 4.68 m (620-610-01);
and
- 20.18 g/t Au (20.18 g/t cut) over 3.24 m
(620-610-07).
- Gap between Main and
Eastern Extensions: extended high-grade mineralization 50 m to the
west in the new area of focus to now cover a lateral extent of 350
m, and confirmed the continuity of high-grade mineralization at a
drill density that will support the declaration of an initial
Inferred Mineral Resource. All 17 holes drilled to date in
this area have intersected the E1E Zone including 12 intersecting
ore grade gold mineralization. This has confirmed the E1E Zone
extends vertically over 1.2 kilometres (“km”), between
a depth of 300 m and 1,500 m in the eastern part of the deposit.
New highlights include:
- 21.28 g/t Au (21.28 g/t cut) over 9.01 m (MH18-09);
and
- 28.50 g/t Au (23.13 g/t cut) over 4.38 m
(MH18-10).
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.
“We had another exceptional year at Island Gold
operationally, financially and through the drill bit. The operation
produced 150,400 ounces of gold in 2019, achieving a new record for
the fifth consecutive year, and set a new record for free cash
flow. With the ongoing exploration success, we expect further
growth in Island Gold’s Mineral Reserves and Resources with our
year-end update. This growth will be incorporated into the Phase
III expansion study which we plan to complete during the second
quarter of 2020. We expect this study will showcase a larger,
extremely profitable, long-life operation,” said John A. McCluskey,
President and Chief Executive Officer.
2019 Exploration Drilling Program –
Island Gold Mine
The 2019 exploration drilling program was
focused on further expanding 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 program has been successful in extending
high-grade gold mineralization across all three areas of focus, the
Main, Western, and Eastern Extensions. This is expected to drive
further growth in Mineral Reserves and Resources in the 2019
year-end update to be completed in February 2020. This is a
continuation of the significant growth in Mineral Reserves and
Resources already realized since the November 2017 acquisition of
Island Gold.
A total of 47,608 m of surface directional and
24,462 m of underground exploration drilling was completed in 2019.
New highlight intercepts since August 31, 2019 can be found in
Figures 1, 2, 3, and 4; and Tables 1 and 2 at the end of this news
release.
2020 Exploration Drilling Program –
Island Gold Mine
A total of $21 million has been budgeted in 2020
for surface and underground exploration at Island Gold, an increase
from the 2019 budget of $19 million. The focus remains on
continuing to define new near mine Mineral Resources. The 2020
budget includes 46,000 m of surface directional drilling, 30,000 m
of underground exploration drilling, and 900 m of underground
exploration development to extend drill platforms on the 340, 620,
790, and 840 levels.
A regional exploration program which includes
10,000 m of drilling is also planned in 2020, focused on evaluating
and advancing exploration targets outside the main Island Gold Mine
area on the 9,750-hectare Island Gold Property.
Main Extension
Surface directional drilling continues to extend
gold mineralization with drill hole spacing ranging from 50 to 100
m (Figure 2).
New highlights from the surface drilling program
include (E1E-Zone) (Table 1):
- 121.32 g/t Au (96.47 g/t cut) over 3.81 m
(MH20-01);
- 108.17 g/t Au (94.56 g/t cut) over 2.57 m
(MH17-11);
- 36.45 g/t Au (13.23 g/t cut) over 8.04 m
(MH17-12);
- 9.96 g/t Au (9.96 g/t cut) over 7.79 m
(MH21-02);
- 12.56 g/t Au (10.16 g/t cut) over 6.85 m
(MH14-8);
- 10.69 g/t Au (10.69 g/t cut) over 6.08 m
(MH20-02);
- 8.27 g/t Au (8.27 g/t cut) over 7.16 m (MH21-03);
and
- 9.95 g/t Au (9.95 g/t cut) over 3.60 m
(MH20-03).
Gold mineralization continues to be expanded
above, below and east as far as 200 m from existing Inferred
Mineral Resources, and over one kilometre from existing mine
workings. This includes new drillholes MH17-12 (36.45 g/t
Au (13.23 g/t cut) over 8.04 m) and MH17-11
(108.17 g/t Au (94.56 g/t cut) over 2.57 m) which
extended high-grade gold mineralization 80 m east of existing
Mineral Resources and 50 m below the previously reported drill hole
MH17-07 (16.61 g/t Au (14.48 g/t cut) over 7.27 m).
Drillhole MH20-02 (10.69 g/t Au (10.69
g/t cut) over 6.08 m) extended high-grade mineralization
145 m above and east of the nearest Inferred Mineral
Resources. Drillhole MH21-03 (8.27 g/t Au (8.27 g/t
cut) over 7.16 m) also expanded high-grade mineralization
120 m above existing Mineral Resources. Importantly, this also
closed the gap to within 145 m of the nearest intercept in the new
area of focus (new drillhole MH18-09
(21.28 g/t Au (21.28 g/t cut) over 9.01
m)). This east plunging high-grade ore
shoot remains open laterally, and up- and down-plunge.
Underground exploration drilling is being
conducted from the 620 and 840 level exploration drifts in the Main
Extension area to test the continuity of known Mineral Resource and
Reserve blocks.
New highlights from the underground exploration
drilling program in the E1E Zone include (Figure 3, Table 2):
- 8.98 g/t Au (8.98 g/t cut) over 7.65 m
(840-560-04);
- 8.64 g/t Au (8.64 g/t cut) over 6.38 m
(840-560-09);
- 9.48 g/t Au (9.48 g/t cut) over 4.36 m (840-554-04);
and
- 11.66 g/t Au (11.66 g/t cut) over 2.76 m
(840-560-11).
Three surface and two underground diamond drill
rigs remain active in the Main Extension target area, focused on
further extending high-grade mineralization and defining additional
Mineral Resources.
Drilling completed in 2019 in the eastern
part of the Island Gold mine (Main Extension area, new area of
focus and Eastern Extension area) has confirmed the continuity of
the E1E gold zone at depth. This zone now extends from 300 m to a
vertical depth of more than 1,500 m.
Eastern Extension
Underground exploration drilling is being
conducted from the 340 and 620 level exploration drifts.
Drilling from the two levels is testing an area to the east of the
Mineral Reserve and Mineral Resource blocks in the Eastern
Extension, between 300 m and 1,100 m vertical depths, and above
Inferred Mineral Resources in the Main Extension.
New highlights from the underground exploration
drilling program in the E1E Zone include (Figure 3, Table 2):
- 32.19 g/t Au (25.48 g/t cut) over 4.68 m
(620-610-01);
- 20.18 g/t Au (20.18 g/t cut) over 3.24 m
(620-610-07);
- 11.90 g/t Au (11.90 g/t cut) over 4.03 m
(620-604-17);
- 10.26 g/t (10.26 g/t cut) over 3.28 m (620-610-06);
and
- 75.79 g/t Au (12.06 g/t cut) over 2.62 m
(620-604-16).
New drillholes 620-610-01
(32.19 g/t Au (25.48 g/t cut) over 4.68 m) and
620-610-07 (20.18 g/t Au (20.18 g/t cut)
over 3.24 m) intersected high-grade mineralization 100 m
and 170 m, respectively, east of existing Indicated and Inferred
Mineral Resources in the Eastern Extension. Two underground rigs
remain active in the area focused on defining new near mine Mineral
Resources.
New Area of Focus between the Eastern
and Main Extensions
Surface directional drilling remains focused on
testing the new area of high-grade gold mineralization within the
E1E Zone discovered in May 2019. This area is located between 850 m
and 1,150 m vertical depths, 180 m down-plunge from known Inferred
Mineral Resource blocks in the Eastern Extension, and 200 m
vertically above Inferred Mineral Resources in the eastern
down-plunge extent of the Main Extension (Figure 2). New highlights
from the surface drilling program include (E1E-Zone) (Table 1):
- 21.28 g/t Au (21.28 g/t cut) over 9.01 m
(MH18-09);
- 28.50 g/t Au (23.13 g/t cut) over 4.38 m (MH18-10);
and
- 9.32 g/t Au (9.32 g/t cut) over 3.81 m
(MH19-04).
All 17 holes drilled to date in this
area have intersected the E1E Zone with 12 of the holes presenting
ore grade gold mineralization (see Figure 4).
New drill holes MH18-10 (28.50 g/t Au
(23.13 g/t cut) over 4.38 m) and MH18-09 (21.28
g/t Au (21.28 g/t cut) over 9.01 m) have confirmed the
continuity of high-grade mineralization at a drill density which
will support the declaration of an initial Inferred Mineral
Resource in this new area with the year-end update. Additionally,
drill hole MH19-04 ( 9.32 g/t Au (9.32 g/t cut) over 3.81
m) extended high-grade mineralization 50 m to the west to
now cover a lateral extent of 350 m.
Testing the extent and continuity of high-grade
mineralization between the Eastern and Main Extensions will be an
ongoing focus of the exploration drilling program in 2020. Two
surface directional diamond drill rigs are active in this area and
will continue with 75 to 100 m spaced step-out drilling. The 840
level exploration drift has been extended above the western extent
of this area. This will provide underground access for infill
drilling in 2020 and exploration drilling for extending high-grade
mineralization.
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 Zone
which constitute the main production horizons at the Island Gold
mine. Highlights of new intersections from underground
exploration drilling of parallel zones and zones in which the
lateral continuity is not yet established (“Unknown Zone”) include
(reported composite intervals are core lengths) (Table 2):
- 22.26 g/t Au (18.98 g/t cut) over 7.58 m
(840-554-03);
- 14.27 g/t Au (14.27 g/t cut) over 9.50 m
(840-560-08);
- 16.66 g/t Au (16.66 g/t cut) over 3.50 m
(340-602-24);
- 4.99 g/t Au (4.99 g/t cut) over 10.80 m
(620-610-04);
- 5.75 g/t Au (5.75 g/t cut) over 8.00 m
(840-554-01);
- 3.83 g/t Au (3.83 g/t cut) over 11.94 m
(840-560-06);
- 10.42 g/t Au (10.42 g/t cut) over 4.30 m (840-560-02);
and
- 4.16 g/t Au (4.16 g/t cut) over 7.63 m
(340-602-37).
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 surface exploration drilling
program 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.
About Alamos
Alamos is a Canadian-based intermediate gold
producer with diversified production from three operating mines in
North America. This includes the Young-Davidson and Island Gold
mines in northern Ontario, Canada and the Mulatos mine 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 “continue”, "expect", “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 statements with respect to
planned exploration programs, the estimation of Mineral Resources,
exploration results, potential mineralization, changes in Mineral
Resources and 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 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: Western
and Main Extension areas @ 225 g/t Au; Eastern Extension 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) |
MH16-08 |
C |
Western Ext |
1395.00 |
1400.00 |
5.00 |
4.82 |
5.37 |
5.37 |
1160 |
MH16-09 |
C |
Western Ext |
1471.90 |
1475.47 |
3.57 |
3.06 |
5.01 |
5.01 |
1307 |
MH22-01 |
C |
Main Ext |
1452.80 |
1455.75 |
2.95 |
2.52 |
7.08 |
7.08 |
1276 |
MH14-8 |
D |
Main Ext |
1613.70 |
1616.60 |
2.90 |
2.39 |
8.98 |
8.98 |
1527 |
MH17-12 |
D1 |
Main Ext |
1532.00 |
1535.00 |
3.00 |
2.77 |
7.38 |
7.38 |
1313 |
MH21-02 |
D1 |
Main Ext |
1387.10 |
1390.40 |
3.30 |
2.89 |
15.54 |
14.27 |
1254 |
MH14-8 |
E1E |
Main Ext |
1547.40 |
1555.30 |
7.90 |
6.85 |
12.56 |
10.16 |
1468 |
MH17-08A |
E1E |
Main Ext |
1510.00 |
1512.40 |
2.40 |
2.39 |
4.45 |
4.45 |
1172 |
MH17-11 |
E1E |
Main Ext |
1542.90 |
1545.60 |
2.70 |
2.57 |
108.17 |
94.56 |
1290 |
MH17-12 |
E1E |
Main Ext |
1514.80 |
1523.50 |
8.70 |
8.04 |
36.45 |
13.23 |
1301 |
MH18-08 |
E1E |
Eastern Ext |
1163.00 |
1168.30 |
5.30 |
3.40 |
3.40 |
3.40 |
1076 |
MH18-09 |
E1E |
Eastern Ext |
1130.00 |
1142.00 |
12.00 |
9.01 |
21.28 |
21.28 |
1043 |
MH18-10 |
E1E |
Eastern Ext |
1172.10 |
1177.80 |
5.70 |
4.38 |
28.50 |
23.13 |
1070 |
MH19-04 |
E1E |
Eastern Ext |
1172.45 |
1176.75 |
4.30 |
3.81 |
9.32 |
9.32 |
1070 |
MH19-071 |
E1E |
Eastern Ext |
1155.90 |
1161.40 |
5.50 |
3.65 |
4.75 |
4.75 |
1034 |
MH20-01 |
E1E |
Main Ext |
1262.30 |
1266.90 |
4.60 |
3.81 |
121.32 |
96.47 |
1210 |
MH20-02 |
E1E |
Main Ext |
1194.50 |
1202.00 |
7.50 |
6.08 |
10.69 |
10.69 |
1135 |
MH20-03 |
E1E |
Main Ext |
1241.80 |
1246.70 |
4.90 |
3.60 |
9.95 |
9.95 |
1189 |
MH21-02 |
E1E |
Main Ext |
1368.70 |
1377.60 |
8.90 |
7.79 |
9.96 |
9.96 |
1240 |
MH21-031 |
E1E |
Main Ext |
1334.20 |
1342.40 |
8.20 |
7.16 |
8.27 |
8.27 |
1186 |
MH21-031 |
Unknown |
Main Ext |
1319.80 |
1327.20 |
7.40 |
6.46 |
7.04 |
7.04 |
1173 |
1 Results not included in the year end 2019
Mineral Resource calculation
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: Western
and Main Extension areas @ 225 g/t Au; Eastern Extension 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) |
340-602-27 |
E1E |
Eastern Ext |
128.00 |
131.20 |
3.20 |
2.44 |
6.06 |
6.06 |
364 |
620-604-16 |
E1E |
Eastern Ext |
303.00 |
313.10 |
10.10 |
2.62 |
75.79 |
12.06 |
794 |
620-604-17 |
E1E |
Eastern Ext |
266.10 |
276.80 |
10.70 |
4.03 |
11.90 |
11.90 |
764 |
620-610-01 |
E1E |
Eastern Ext |
272.65 |
282.80 |
10.15 |
4.68 |
32.19 |
25.48 |
765 |
620-610-05 |
E1E |
Eastern Ext |
251.40 |
260.80 |
9.40 |
4.61 |
5.86 |
5.86 |
742 |
620-610-06 |
E1E |
Eastern Ext |
213.05 |
219.80 |
6.75 |
3.28 |
10.26 |
10.26 |
702 |
620-610-07 |
E1E |
Eastern Ext |
146.40 |
151.60 |
5.20 |
3.24 |
20.18 |
20.18 |
642 |
840-542-67 |
E1E |
Main Ext |
263.80 |
269.60 |
5.80 |
3.34 |
4.71 |
4.71 |
1036 |
840-554-01 |
E1E |
Main Ext |
155.80 |
159.40 |
3.60 |
3.06 |
3.89 |
3.89 |
861 |
840-554-03 |
E1E |
Main Ext |
218.10 |
221.30 |
3.20 |
2.34 |
5.19 |
5.19 |
944 |
840-554-04 |
E1E |
Main Ext |
241.00 |
246.50 |
5.50 |
4.36 |
9.48 |
9.48 |
988 |
840-554-05 |
E1E |
Main Ext |
326.60 |
333.10 |
6.50 |
3.35 |
6.99 |
6.99 |
1090 |
840-554-06 |
E1E |
Main Ext |
250.50 |
255.75 |
5.25 |
4.03 |
5.10 |
5.10 |
1003 |
840-560-04 |
E1E |
Main Ext |
292.40 |
309.55 |
17.15 |
7.65 |
8.98 |
8.98 |
1052 |
840-560-05 |
E1E |
Main Ext |
249.00 |
252.20 |
3.20 |
2.48 |
3.37 |
3.37 |
983 |
840-560-09 |
E1E |
Main Ext |
298.70 |
313.50 |
14.80 |
6.38 |
8.64 |
8.64 |
1047 |
840-560-11 |
E1E |
Main Ext |
245.30 |
249.00 |
3.70 |
2.76 |
11.66 |
11.66 |
975 |
340-602-24 |
Unknown |
Eastern Ext |
63.50 |
67.00 |
3.50 |
|
16.66 |
16.66 |
336 |
340-602-26 |
Unknown |
Eastern Ext |
62.65 |
66.60 |
3.95 |
|
3.41 |
3.41 |
325 |
340-602-37 |
Unknown |
Eastern Ext |
109.85 |
117.48 |
7.63 |
|
4.16 |
4.16 |
394 |
620-610-04 |
Unknown |
Eastern Ext |
228.50 |
239.30 |
10.80 |
|
4.99 |
4.99 |
753 |
840-554-01 |
Unknown |
Main Ext |
59.00 |
67.00 |
8.00 |
|
5.75 |
5.75 |
852 |
840-554-03 |
Unknown |
Main Ext |
141.92 |
149.50 |
7.58 |
|
22.26 |
18.98 |
910 |
840-560-02 |
Unknown |
Main Ext |
90.00 |
94.30 |
4.30 |
|
10.42 |
10.42 |
871 |
840-560-06 |
Unknown |
Main Ext |
112.46 |
124.40 |
11.94 |
|
3.83 |
3.83 |
864 |
840-560-08 |
Unknown |
Main Ext |
95.50 |
105.00 |
9.50 |
|
14.27 |
14.27 |
887 |
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: Surface exploration drill holes;
azimuth, dip, drilled length, and collar location at surface (UTM
NAD83).
Hole ID |
Azimuth (°) |
Dip (°) |
Drilled Length (m) |
UTM Easting (m) |
UTM Northing (m) |
UTM Elevation (m) |
Comments |
MH14-8 |
338 |
-85 |
1040 |
691522 |
5351123 |
394 |
Cut from MH14-6 at 606m |
MH16-08 |
337 |
-73 |
806 |
691003 |
5350848 |
390 |
Cut from MH16-06 at 747m |
MH16-09 |
337 |
-73 |
787 |
691003 |
5350848 |
390 |
Cut from MH16-08 at 834m |
MH17-08A |
334 |
-73 |
1163 |
692320 |
5351076 |
395 |
Cut from MH17-01 at 753m |
MH17-09 |
334 |
-73 |
71 |
692320 |
5351076 |
395 |
Abandoned |
MH17-10 |
334 |
-73 |
560 |
692320 |
5351076 |
395 |
Cut from MH17-08A at 1054m |
MH17-11 |
334 |
-73 |
797 |
692320 |
5351076 |
395 |
Cut from MH17-08A at 864m |
MH17-12 |
334 |
-73 |
851 |
692320 |
5351076 |
395 |
Cut from MH17-11 at 925m |
MH18-08 |
339 |
-75 |
579 |
691892 |
5351446 |
395 |
Cut from MH18-07 at 713m |
MH18-09 |
339 |
-75 |
685 |
691892 |
5351446 |
395 |
Cut from MH18-07 at 586m |
MH18-10 |
339 |
-75 |
834 |
691892 |
5351446 |
395 |
Cut from MH18-05 at 493m |
MH18-11 |
339 |
-75 |
790 |
691892 |
5351446 |
395 |
Cut from MH18-07 at 586 m |
MH19-03 |
336 |
-79 |
626 |
691646 |
5351376 |
399 |
Cut from MH19-02 at 760m |
MH19-04 |
336 |
-79 |
1027 |
691646 |
5351376 |
399 |
Cut from MH19-01 at 421m |
MH19-05 |
336 |
-79 |
631 |
691646 |
5351376 |
399 |
Cut from MH19-04 at 757m |
MH19-06 |
336 |
-79 |
860 |
691646 |
5351376 |
399 |
Cut from MH19-04 at 444m |
MH19-07 |
336 |
-79 |
599 |
691646 |
5351376 |
399 |
Cut from MH19-06 at 657 m |
MH20-01 |
337 |
-77 |
1355 |
692063 |
5351541 |
394 |
|
MH20-02 |
337 |
-77 |
1024 |
692063 |
5351541 |
394 |
Cut from MH20-01 at 422m |
MH20-03 |
337 |
-77 |
509 |
692063 |
5351541 |
394 |
Cut from MH20-02 at 876m |
MH21-01 |
321 |
-61 |
1496 |
692072 |
5351272 |
395 |
|
MH21-02 |
321 |
-61 |
563 |
692072 |
5351272 |
395 |
Cut from MH21-01 at 938m |
MH21-03 |
321 |
-61 |
897 |
692072 |
5351272 |
395 |
Cut from MH21-01 at 555 m |
MH22-01 |
342 |
-75 |
1617 |
691000 |
5350855 |
393 |
|
Note: UTM mine surface elevation 382 m
Table 4: Underground exploration drill
holes; azimuth, dip, drilled length, and collar location at surface
(UTM NAD83).
Hole ID |
Azimuth (°) |
Dip (°) |
Drilled Length (m) |
UTM Easting (m) |
UTM Northing (m) |
UTM Elevation (m) |
340-602-24 |
160 |
-15 |
132 |
691455 |
5352213 |
61 |
340-602-25 |
159 |
-30 |
168 |
691455 |
5352213 |
61 |
340-602-26 |
147 |
-5 |
123 |
691456 |
5352213 |
61 |
340-602-27 |
148 |
-22 |
156 |
691455 |
5352213 |
61 |
340-602-37 |
144 |
-41 |
291 |
691455 |
5352213 |
61 |
620-550-46 |
133 |
-11 |
249 |
691021 |
5351907 |
-224 |
620-550-47 |
145 |
-24 |
261 |
691021 |
5351907 |
-224 |
620-604-14 |
170 |
-23 |
225 |
691530 |
5352086 |
-212 |
620-604-16 |
166 |
-41 |
342 |
691530 |
5352086 |
-213 |
620-604-17 |
166 |
-38 |
312 |
691530 |
5352086 |
-213 |
620-610-01 |
162 |
-39 |
312 |
691586 |
5352112 |
-211 |
620-610-04 |
146 |
-43 |
360 |
691586 |
5352112 |
-211 |
620-610-05 |
146 |
-38 |
321 |
691585 |
5352112 |
-211 |
620-610-06 |
146 |
-32 |
270 |
691586 |
5352112 |
-211 |
620-610-07 |
146 |
-21 |
204 |
691586 |
5352112 |
-211 |
620-610-08 |
143 |
-8 |
150 |
691586 |
5352112 |
-210 |
620-610-09 |
141 |
-26 |
243 |
691586 |
5352112 |
-211 |
620-610-10 |
139 |
16 |
117 |
691586 |
5352112 |
-209 |
620-610-11A |
131 |
48 |
117 |
691587 |
5352112 |
-207 |
620-610-12 |
120 |
67 |
144 |
691585 |
5352113 |
-207 |
840-542-67 |
163 |
-45 |
294 |
690972 |
5351831 |
-466 |
840-554-01 |
159 |
-6 |
216 |
691083 |
5351880 |
-464 |
840-554-02A |
159 |
-17 |
234 |
691082 |
5351879 |
-463 |
840-554-03 |
159 |
-27 |
258 |
691082 |
5351879 |
-463 |
840-554-04 |
159 |
-35 |
288 |
691082 |
5351879 |
-463 |
840-554-05 |
159 |
-48 |
378 |
691082 |
5351880 |
-464 |
840-554-06 |
156 |
-39 |
300 |
691082 |
5351879 |
-464 |
840-560-02 |
159 |
-18 |
222 |
691137 |
5351902 |
-461 |
840-560-03 |
159 |
-5 |
210 |
691137 |
5351902 |
-461 |
840-560-04 |
155 |
-44 |
351 |
691138 |
5351902 |
-462 |
840-560-05 |
155 |
-34 |
270 |
691138 |
5351902 |
-462 |
840-560-06 |
149 |
-10 |
210 |
691138 |
5351902 |
-461 |
840-560-07 |
149 |
3 |
210 |
691138 |
5351902 |
-461 |
840-560-08 |
147 |
-26 |
252 |
691137 |
5351902 |
-461 |
840-560-09 |
145 |
-42 |
333 |
691138 |
5351903 |
-462 |
840-560-10 |
143 |
-45 |
390 |
691138 |
5351903 |
-462 |
840-560-11 |
143 |
-33 |
276 |
691138 |
5351903 |
-462 |
Note: UTM mine surface elevation 382 m
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d8d15e7b-3d9b-4643-9e20-d45ab7711afe
https://www.globenewswire.com/NewsRoom/AttachmentNg/f6a206a5-8f08-489a-8508-6b0374ec61bb
https://www.globenewswire.com/NewsRoom/AttachmentNg/eb6e7e66-714b-43c6-b69b-683bfc7baf7f
https://www.globenewswire.com/NewsRoom/AttachmentNg/a5f77ebe-bf58-4e5c-9a38-552da9a71ee4
Alamos Gold (NYSE:AGI)
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