Alamos Gold Inc. (
TSX:AGI;
NYSE:AGI) (“Alamos” or the “Company”) today reported new
results from underground exploration drilling at the Island Gold
mine, further extending high-grade gold mineralization across the
Island Gold Deposit. This included multiple significant high-grade
intercepts within several recently defined hanging wall and
footwall structures in proximity to existing underground
infrastructure. All reported drill widths are true width of the
mineralized zones, unless otherwise stated.
- Island
West: high-grade mineralization extended outside of Mineral
Reserves and Resources within the main C-Zone. The C and E1E-Zones
are the main structures which host the majority of currently
defined Mineral Reserves and Resources at Island Gold. New
highlights include:
- 146.33
g/t Au (37.19 g/t cut) over 2.20 m (580-473-22); and
- 38.92
g/t Au (38.92 g/t cut) over 2.10 m (790-479-16).
- Island
West Hanging Wall Zones: high-grade gold mineralization intersected
within sub-parallel zones in the hanging wall, and within a newly
defined perpendicular structure, the “NS1” Zone. Multiple
sub-parallel and perpendicular hanging wall zones have been defined
over the past year in proximity of existing underground
infrastructure and represent a significant opportunity to add near
mine Mineral Reserves and Resources. New highlights
include:
NS1 Zone
- 89.31
g/t Au (7.73 g/t cut) over 2.40 m (770-466-03);
- 25.57
g/t Au (5.68 g/t cut) over 2.50 m (770-466-07);
- 42.27
g/t Au (7.43 g/t cut) over 2.30 m (580-473-26);
- 16.06
g/t Au (6.95 g/t cut) over 2.80 m (770-466-02); and
- 14.50
g/t Au (10.08 g/t cut) over 3.10 m (580-473-25).
G1
Zone
- 60.03
g/t Au (25.70 g/t cut) over 2.50 m (790-479-13); and
- 11.13
g/t Au (6.82 g/t cut) over 2.20 m (850-471-01B).
- Island
West Footwall Zones: high-grade gold mineralization intersected
within newly defined sub-parallel structure the “DN” zone.
New highlight includes:
- 22.34
g/t Au (22.34 g/t cut) over 2.90 m (790-479-04).
- Island
East: high-grade mineralization extended outside of Mineral
Reserves and Resources in the main E1E-Zone. New
highlights include:
- 104.48
g/t Au (50.76 g/t cut) over 3.10 m (840-608-49);
- 40.54
g/t Au (33.33 g/t cut) over 2.50 m (840-608-43); and
- 11.93
g/t Au (11.93 g/t cut) over 4.20 m (840-632-17).
- Island
East Footwall Zones: high-grade gold mineralization intersected
within sub-parallel zones in the footwall (NTH2, NTH3) in proximity
to existing underground infrastructure. New highlights
include:
NTH2 Zone
- 44.48
g/t Au (9.71 g/t cut) over 3.10 m (620-629-03); and
- 17.91
g/t Au (5.34 g/t cut) over 2.10 m (620-629-01).
NTH3 Zone
- 12.34
g/t Au (7.65 g/t cut) over 3.30 m (840-554-44);
- 16.86
g/t Au (11.40 g/t cut) over 2.30 m (840-554-60);
- 13.21
g/t Au (13.21 g/t cut) over 2.70 m (840-554-04); and
- 11.02
g/t Au (7.29 g/t cut) over 2.30 m (840-566-08).
Note: Drillhole composite intervals reported as
“cut” may include higher grade samples which have been cut to:
C-zone @ 225 g/t Au; E1E Zone @ 185 g/t Au. B Zone @ 90 g/t Au; D1
and G1 Zones @ 45 g/t Au; G Zone @ 70 g/t Au; E1D @ 80g/t Au; DN,
NS1, NTH1, NTH2, NTH3 @ 35 g/t Au .
“Our continued exploration success within
recently defined sub-parallel structures demonstrate the
significant opportunities to add high-grade ounces near our
existing mining horizons. This includes the newly defined NS1-Zone
in the hanging wall which we are currently developing and mining
beyond existing Mineral Reserves and Resources and outside of our
2023 mine plan. We are also continuing to extend high-grade
mineralization across the main Island Gold zone to the East and
West as part of our successful transition from surface exploration
drilling to more cost-effective underground drilling where we
leverage our existing development,” said John A. McCluskey,
President and Chief Executive Officer.
“We expect this ongoing success in both the main
zone and subparallel structures to drive further growth in
high-grade near-mine Mineral Reserves and Resources. Given their
proximity to our existing underground infrastructure, these ounces
will be low-cost to develop and produce, highlighting the
significant ongoing upside to Phase 3+ Expansion study outlined in
2022,” Mr. McCluskey added.
New highlight intercepts can be found in Table
1, and in Figures 1 to 3 at the end of this news release.
2023 Exploration Drilling Program –
Island Gold Mine
A total of $14 million is budgeted for
exploration at Island Gold in 2023. For the past several years, the
exploration focus has been on adding high-grade Mineral Resources
at depth in advance of the Phase 3+ Expansion study, primarily
through surface directional drilling. This exploration strategy has
been successful in tripling the Mineral Reserve and Resource base
since 2017. With a 17-year mine life, and with work on the
expansion ramping up, the focus has shifted to a more
cost-effective expanded underground exploration drilling program
that will leverage existing underground infrastructure. This
drilling is much lower cost on a per metre basis, is less
technically challenging, and requires significantly fewer metres
per exploration target.
The underground exploration drilling program has
been expanded from 27,500 metres (“m”) in 2022 to 45,000 m in 2023.
The program is focused on defining new Mineral Reserves and
Resources in proximity to existing production horizons and
infrastructure including along strike, and in the hanging-wall and
footwall. These potential high-grade Mineral Reserve and Resource
additions would be low cost to develop and could be incorporated
into the mine plan and mined within the next several years, further
increasing the value of the operation. To support the underground
exploration drilling program, 444 m of underground exploration
drift development is planned to extend drill platforms on the 490,
790, 945, and 980-levels. In addition to the exploration budget,
36,000 m of underground delineation drilling has been planned and
included in sustaining capital for Island Gold. A total
of 20,027 m of underground exploration drilling, and 6,426 m of
delineation drilling has been completed as of June 1, 2023.
A regional exploration program including a total
of 7,500 m of drilling is also underway. The focus will be on
evaluating and advancing exploration targets outside the Island
Gold Deposit on the newly expanded 55,300-hectare Island Gold
property.
Island West
Underground Exploration Drilling
Underground drilling from the 580-level and the
790-level exploration drifts continue to extend high-grade gold
mineralization along strike to the west of Mineral Reserves and
Resources in the middle portion of Island West (between vertical
depths of 700 m and 1,100 m).
New highlights include (Figure 1, Table 1):
C-Zone:
- 146.33
g/t Au (37.19 g/t cut) over 2.20 m (580-473-22); and
- 38.92
g/t Au (38.92 g/t cut) over 2.10 m (790-479-16).
Island West Hanging Wall Zones
In addition to testing the C-Zone, underground
exploration drilling continued to target and expand on previous
drilling that intersected high-grade gold mineralization in
sub-parallel structures in the hanging wall from the 580, 770, 790,
and 850-levels. Additional drilling has been successful in
establishing continuity and extending high-grade gold
mineralization within multiple structures referred to as the B, G,
and G1 Zones (Table 1). These zones are located 20 m, 75 m, and 110
m south of the main C-Zone, respectively.
NS1 Hanging Wall Zone
In addition to the sub-parallel structures, a
north-striking structure, NS1, with a high-angle orientation
relative to the C-Zone was identified this year. Drill testing, and
subsequent exploration sills along this structure have demonstrated
continuity, both along strike, and down-dip. In addition, other
north-striking high-angle structures have been identified across
the deposit, which will be evaluated further as underground
exploration drilling advances.
Three exploration sills have been completed
along the NS1 structure from the 750, 770, 810-levels. A fourth
sill is near completion from the 790-level. The objective of these
exploration sills is to demonstrate the continuity of the
structure, and high-grade gold mineralization, both along strike,
and from level-to-level down dip. Thus far, the sills have
demonstrated excellent continuity, over a 60 m strike extent to the
south, and over 60 m vertically. A highlight from the NS1 zone sill
development was 3,130 tonnes of material mined from the 770-level
NS1 sill that graded 15.20 g/t Au. This sill development material
and the NS1 zone is beyond currently defined Mineral Reserves and
Resources and outside of the 2023 mine plan.
This further highlights the potential to add
high-grade Mineral Reserves and Resources in proximity of existing
production horizons and infrastructure which could be incorporated
into the mine plan and mined within the next several years. These
potential high-grade Mineral Reserves and Resource additions would
be low cost to develop, further increasing the value of the
operation and strong economics of the expansion.
New highlights from the Island West Hanging Wall
zones include (Figure 2, Table 1):
NS1 Zone
- 89.31
g/t Au (7.73 cut) over 2.40 m (770-466-03);
- 25.57
g/t Au (5.68 g/t cut) over 2.50 m (770-466-07);
- 42.27
g/t Au (7.43 g/t cut) over 2.30 m (580-473-26);
- 16.06
g/t Au (6.95 g/t cut) over 2.80 m (770-466-02); and
- 14.50
g/t Au (10.08 g/t cut) over 3.10 m (580-473-25).
G1
Zone
- 60.03
g/t Au (25.70 g/t cut) over 2.50 m (790-479-13); and
- 11.13
g/t Au (6.82 g/t cut) over 2.20 m (850-471-01B).
Island West Footwall Zone
In addition to testing the C-Zone and the
hanging wall zones in Island West, underground exploration drilling
also targeted and expanded on previous drilling that intersected
high-grade gold mineralization within a sub-parallel structure in
the footwall from the 790-level. This additional drilling has been
successful in establishing continuity and extending high-grade gold
mineralization within the DN structure. (Figure 2, Table 1). This
zone is located 100 m north of the main C-Zone.
New highlight from the Island West Footwall zone
includes:
DN Zone
- 22.34
g/t Au (22.34 g/t cut) over 2.90 m (790-479-04).
Island East
Underground Exploration Drilling
Underground drilling from the 620 and 840-level exploration
drifts continues to extend high-grade gold mineralization along
strike to the east of Mineral Reserves and Resources in the middle
portion of Island East (between vertical depths of 500 m and 1,000
m).
New highlights in the E1E-Zone include (Figure 1, Table 1):
- 104.48
g/t Au (50.76 g/t cut) over 3.10 m (840-608-49);
- 40.54
g/t Au (33.33 g/t cut) over 2.50 m (840-608-43); and
- 11.93
g/t Au (11.93 g/t cut) over 4.20 m (840-632-17).
Island East Footwall Zones
In addition to testing the E1E-Zone, underground
exploration drilling continued to target and expand on previous
drilling that intersected high-grade gold mineralization in
sub-parallel structures in the footwall from the 620 and
840-levels. This additional drilling has been successful in
establishing continuity and extending high-grade gold
mineralization within multiple structures referred to as the NTH,
NTH2, and NTH3 zones (Figure 3, Table 1). These zones are located
40 m, 90 m, and 75 m north of the main E1E-Zone, respectively.
New highlights from the Island East Footwall zones include
(Figure 3, Table 1):
NTH2 Zone
- 44.48
g/t Au (9.71 g/t cut) over 3.10 m (620-629-03); and
- 17.91
g/t Au (5.34 g/t cut) over 2.10 m (620-629-01).
NTH3 Zone
- 12.34
g/t Au (7.65 g/t cut) over 3.30 m (840-554-44);
- 16.86
g/t Au (11.40 g/t cut) over 2.30 m (840-554-60);
- 13.21
g/t Au (13.21 g/t cut) over 2.70 m (840-554-04); and
- 11.02
g/t Au (7.29 g/t cut) over 2.30 m (840-566-08).
In addition to the hanging and footwall zones in
Island West, these footwall zones in Island East further highlight
the potential to add high-grade Mineral Reserves and Resources in
proximity of existing production horizons and infrastructure which
could be incorporated into the mine plan and mined within the next
several years. These potential high-grade Mineral Reserves and
Resource additions would be low cost to develop, further increasing
the value of the operation.
Other Zones
The majority of Island Gold’s Mineral Reserves
and Resources and main production horizons are hosted in the C/E1E
structure. The Island Gold Deposit also consists of several
sub-parallel and high-angle mineralized structures outside of the
main C/E1E-Zone. As underground development advances, these
sub-parallel hanging wall and footwall structures can be targeted
with step-out drilling from underground drill platforms. As
demonstrated with the newly defined NTH2, NTH3, and perpendicular
NS1 Zone, as well as the B, G, and G1 Zones that were defined in
2022, these zones have the potential to be converted into new
Mineral Reserves and Resources adjacent to existing underground
infrastructure through additional drilling.
Step-out underground exploration drilling
targeting these zones can be completed once underground development
has been established. This drilling allows for the confirmation of
the geometry and potential continuity of mineralization with the
objective of defining new Mineral Resources. These hanging wall and
footwall exploration opportunities provide potential further upside
to define additional Mineral Reserves and Resources outside of the
main C/E1E-Zone in proximity to underground development, which
would enhance the ounce per vertical metre profile, and provide
multiple mining horizons from the same lateral development
levels.
The following are highlights of new hanging wall
and footwall intersections from underground exploration drilling
where the geometry and continuity is not yet established (“Unknown
Zone”) (reported composite intervals are uncut and core length)
(Table 1):
Footwall Intersections:
- 137.20
g/t Au over 4.70 m (945-624-03);
- 18.39
g/t Au over 4.20 m (945-624-06);
- 25.85
g/t Au over 2.80 m (790-479-11);
- 6.31 g/t
Au over 9.80 m (790-479-10); and
- 11.81
g/t Au over 2.70 m (790-479-02).
Hanging Wall Intersections:
- 55.29
g/t Au over 3.70 m (790-479-16);
- 54.79
g/t Au over 2.70 m (850-471-04);
- 47.61
g/t Au over 2.60 m (850-471-02);
- 18.57
g/t Au over 5.90 m (850-471-17);
- 17.48
g/t Au over 3.20 m (790-479-14); and
- 21.04
g/t Au over 2.60 m (850-471-03).
Qualified Persons
Scott R.G. Parsons, P.Geo., FAusIMM, Alamos
Gold’s Vice President, Exploration, has reviewed and approved the
scientific and technical information contained in this news
release. Scott R.G. Parsons is a “Qualified Person” as defined by
Canadian Securities Administrators’ National Instrument 43-101 -
Standards of Disclosure for Mineral Projects.
Exploration programs at the Island Gold Mine are
directed and supervised by Tyler Poulin, P.Geo., Chief Geologist at
the Island Gold Mine. Tyler Poulin is a “Qualified Person” as
defined by Canadian Securities Administrators’ National Instrument
43-101 - Standards of Disclosure for Mineral Projects.
Quality Assurance and Quality
Control
Alamos Gold maintains an internal Quality
Assurance / Quality Control (QA/QC) program at the Island Gold
Mine to ensure sampling and analysis of all exploration work is
conducted in accordance with best practices.
Access to the Island Gold Mine is controlled by
security personnel. Drill core is logged and sampled at the core
logging facility within the mine site under the supervision of a
Qualified Geologist. A geologist marks the individual samples for
analysis, and sample intervals, sample numbers, standards and
blanks are entered into the database. The core is cut in half using
an electric core saw equipped with a diamond tipped blade. One half
of the core is placed into a plastic sample bag and sealed with zip
ties in preparation for shipment. The other half of the core is
returned to the core box and retained for future reference. The
samples are placed in large heavy-duty nylon reinforced Fabrene
bags, which are identified and sealed before being placed on
pallets. The core samples are picked up at the mine site and
delivered to AGAT laboratory in Thunder Bay, Ontario.
Gold is analyzed by a 50 grams fire assay with
an Atomic Absorption (AA) finish. Samples greater than 10.0 g/t Au
are re-analyzed using gravimetric finish methods. AGAT is a
certified laboratory and has internal quality control (“QC”)
programs that include insertion of reagent blanks, reference
materials, and pulp duplicates.
The Corporation inserts QC samples (blanks and
reference materials) at regular intervals to monitor laboratory
performance. Cross check assays are completed on a regular basis in
a secondary accredited laboratory. The QA/QC procedures are more
completely described in the Technical Report filed on SEDAR August
29, 2022.
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 strong portfolio of
growth projects, including the Phase 3+ Expansion at Island Gold,
and the Lynn Lake project in Manitoba, Canada. Alamos employs more
than 1,900 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 |
|
Senior 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 "expect", "plan", "estimate", “target”,
“budget”, “prospective” “potential”, “opportunity” 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.
Such statements in this news release include,
without limitation, statements with respect to planned exploration
programs, focuses, strategies, drilling targets and work, potential
for further exploration of certain areas, potential drilling
results and related expectations, costs and expenditures, including
with respect to the cost of development and production, project
economics, gold price assumptions, potential mineralization,
projected ore grades, opportunities to add near mine and further
high-grade Mineral Reserves and Resources, expectations regarding
the mine plan, sustaining capital and value of operations and other
statements and 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 that forward-looking statements
are necessarily based upon several factors and assumptions that,
while considered reasonable by management at the time of making
such statements, are inherently subject to significant business,
economic, technical, legal, political and competitive uncertainties
and contingencies. Known and unknown factors could cause actual
results to differ materially from those projected in the
forward-looking statements, and undue reliance should not be placed
on such statements and information.
These factors and assumptions include, but are
not limited to: the actual results of current exploration
activities, conclusions of economic and geological evaluations,
changes in project parameters as plans continue to be refined,
operations may be exposed to illness, disease, epidemic or pandemic
; any ongoing or future impact of COVID-19 on the broader market;
state and federal orders or mandates (including with respect to
mining operations generally or auxiliary businesses or services
required for the Company’s operations) in Canada, Mexico and other
jurisdictions in which the Company does or may conduct business;
the duration of regulatory responses to any illness, disease,
epidemic or pandemic; changes in national and local government
legislation, controls or regulations; failure to comply with
environmental and health and safety laws and regulations; labour
and contractor availability (and being able to secure the same on
favourable terms); ability to sell or deliver gold doré bars;
disruptions in the maintenance or provision of required
infrastructure and information technology systems; fluctuations in
the price of gold or certain other commodities such as, diesel
fuel, natural gas, and electricity; operating or technical
difficulties in connection with mining or development activities,
including geotechnical challenges and changes to production
estimates (which assume accuracy of projected ore grade, mining
rates, recovery timing and recovery rate estimates and may be
impacted by unscheduled maintenance); changes in foreign exchange
rates (particularly the Canadian dollar, U.S. dollar, and Mexican
peso); the impact of inflation; employee and community relations;
litigation and administrative proceedings; disruptions affecting
operations; availability of and increased costs associated with
mining inputs and labour; delays in the development or updating of
mine plans; inherent risks and hazards associated with mining and
mineral processing including environmental hazards, industrial
accidents, unusual or unexpected formations, pressures and
cave-ins; the risk that the Company’s mines may not perform as
planned; uncertainty with the Company's ability to secure
additional capital to execute its business plans; the speculative
nature of mineral exploration and development, risks in obtaining
and maintaining necessary licenses, permits and authorizations,
contests over title to properties; expropriation or nationalization
of property; political or economic developments in Canada or Mexico
and other jurisdictions in which the Company may carry on business
in the future; increased costs and risks related to the potential
impact of climate change; the costs and timing of construction and
development of new deposits; risk of loss due to sabotage, protests
and other civil disturbances; the impact of global liquidity and
credit availability and the values of assets and liabilities based
on projected future cash flows; and business opportunities that may
be pursued by the Company.
For a more detailed discussion of such risks and
other factors that may affect the Company's ability to achieve the
expectations set forth in the forward-looking statements contained
in this news release, see the Company’s latest 40-F/Annual
Information Form and Management’s Discussion and Analysis, 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 and risk factors and
assumptions found in this news release.
The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether written or oral, or whether as a result of new information,
future events or otherwise, except as required by applicable
law.
Note to U.S. Investors – Mineral Reserve
and Resource Estimates
Unless otherwise indicated, all Mineral Resource
and Mineral Reserve estimates included in this news release have
been prepared in accordance with 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. Mining disclosure in the
United States was previously required to comply with SEC Industry
Guide 7 (“SEC Industry Guide 7”) under the United States Securities
Exchange Act of 1934, as amended. The U.S. Securities and Exchange
Commission (the “SEC”) has adopted final rules, to replace SEC
Industry Guide 7 with new mining disclosure rules under sub-part
1300 of Regulation S-K of the U.S. Securities Act (“Regulation S-K
1300”) which became mandatory for U.S. reporting companies
beginning with the first fiscal year commencing on or after January
1, 2021. Under Regulation S-K 1300, the SEC now recognizes
estimates of “Measured Mineral Resources”, “Indicated Mineral
Resources” and “Inferred Mineral Resources”. In addition, the SEC
has amended its definitions of “Proven Mineral Reserves” and
“Probable Mineral Reserves” to be substantially similar to
international standards.
Investors are cautioned that while the above
terms are “substantially similar” to CIM Definitions, there are
differences in the definitions under Regulation S-K 1300 and the
CIM Standards. Accordingly, there is no assurance any mineral
reserves or mineral resources that the Company may report as
“proven mineral reserves”, “probable mineral reserves”, “measured
mineral resources”, “indicated mineral resources” and “inferred
mineral resources” under NI 43-101 would be the same had the
Company prepared the mineral reserve or mineral resource estimates
under the standards adopted under Regulation S-K 1300. U.S.
investors are also cautioned that while the SEC recognizes
“measured mineral resources”, “indicated mineral resources” and
“inferred mineral resources” under Regulation S-K 1300, investors
should not assume that any part or all of the mineralization in
these categories will ever be converted into a higher category of
mineral resources or into mineral reserves. Mineralization
described using these terms has a greater degree of uncertainty as
to its existence and feasibility than mineralization that has been
characterized as reserves. Accordingly, investors are cautioned not
to assume that any measured mineral resources, indicated mineral
resources, or inferred mineral resources that the Company reports
are or will be economically or legally mineable.
Table 1: Island Gold – Previously
Unreleased Select Composite Intervals from Underground Exploration
Drilling
Composite intervals greater than 3 g/t Au
weighted average, capping values:
C-zone @ 225 g/t Au; E1E Zone @ 185 g/t
Au; B Zone @ 90 g/t Au; D1 and G1 Zones @ 45 g/t Au; G Zone @ 70
g/t Au; E1D @ 80g/t Au; DN, NS1, NTH1, NTH2, NTH3 @ 35 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) |
850-471-17 |
B |
Island West Hanging Wall |
3.0 |
9.6 |
6.6 |
4.3 |
5.35 |
5.35 |
856 |
580-473-22 |
C |
Island West |
58.4 |
60.6 |
2.2 |
2.2 |
146.33 |
37.19 |
517 |
790-479-16 |
C |
Island West |
170.9 |
173.0 |
2.1 |
2.1 |
38.92 |
38.92 |
811 |
580-473-23 |
C |
Island West |
54.0 |
56.2 |
2.2 |
2.2 |
8.60 |
8.60 |
573 |
790-479-11 |
C |
Island West |
169.9 |
172.2 |
2.3 |
2.0 |
7.77 |
7.77 |
721 |
790-479-12 |
C |
Island West |
97.9 |
100.0 |
2.2 |
2.1 |
7.51 |
7.51 |
816 |
790-479-01 |
C |
Island West |
127.7 |
130.6 |
2.9 |
2.8 |
5.88 |
5.88 |
852 |
580-473-25 |
C |
Island West |
89.0 |
92.0 |
3.0 |
2.8 |
4.16 |
4.16 |
619 |
580-473-16A |
C |
Island West |
52.3 |
54.5 |
2.2 |
2.1 |
3.95 |
3.95 |
580 |
580-473-19 |
C |
Island West |
56.5 |
59.0 |
2.5 |
2.5 |
3.48 |
3.48 |
556 |
790-479-10 |
C |
Island West |
157.8 |
161.2 |
3.4 |
2.2 |
3.19 |
3.19 |
693 |
790-479-04 |
DN |
Island West Footwall |
12.9 |
16.0 |
3.1 |
2.9 |
22.34 |
22.34 |
816 |
790-479-02 |
DN |
Island West Footwall |
12.6 |
15.8 |
3.2 |
2.7 |
8.35 |
8.35 |
819 |
790-479-11 |
DN |
Island West Footwall |
24.0 |
26.7 |
2.7 |
2.3 |
6.45 |
6.45 |
799 |
790-479-01 |
DN |
Island West Footwall |
12.0 |
15.2 |
3.2 |
2.8 |
5.89 |
5.89 |
816 |
790-479-06 |
DN |
Island West Footwall |
14.5 |
18.9 |
4.4 |
2.6 |
4.98 |
4.98 |
822 |
790-479-09 |
DN |
Island West Footwall |
20.0 |
22.8 |
2.8 |
2.2 |
3.02 |
3.02 |
811 |
945-624-13 |
E1D |
Island East Footwall |
175.4 |
179.3 |
4.0 |
2.2 |
4.01 |
4.01 |
1088 |
840-608-49 |
E1E |
Island East |
150.7 |
154.5 |
3.8 |
3.1 |
104.48 |
50.76 |
818 |
840-608-43 |
E1E |
Island East |
159.5 |
162.0 |
2.5 |
2.5 |
40.54 |
33.33 |
772 |
840-632-17 |
E1E |
Island East |
136.7 |
141.1 |
4.4 |
4.2 |
11.93 |
11.93 |
814 |
620-617-02 |
E1E |
Island East Footwall |
203.4 |
207.5 |
4.0 |
2.1 |
8.34 |
8.34 |
678 |
620-617-08 |
E1E |
Island East |
106.3 |
108.8 |
2.5 |
2.3 |
5.23 |
5.23 |
545 |
840-608-46 |
E1E |
Island East |
156.0 |
158.7 |
2.7 |
2.5 |
4.30 |
4.30 |
704 |
840-608-47 |
E1E |
Island East |
156.0 |
158.6 |
2.6 |
2.3 |
3.45 |
3.45 |
696 |
620-617-05 |
E1E |
Island East |
144.1 |
146.5 |
2.4 |
2.1 |
3.24 |
3.24 |
622 |
620-617-07 |
E1E |
Island East |
98.0 |
100.5 |
2.5 |
2.1 |
3.10 |
3.10 |
511 |
850-471-13 |
G |
Island West Hanging Wall |
111.8 |
118.7 |
6.9 |
2.7 |
6.40 |
6.40 |
930 |
790-479-13 |
G1 |
Island West Hanging Wall |
270.0 |
273.0 |
3.0 |
2.5 |
60.03 |
25.70 |
888 |
850-471-01B |
G1 |
Island West Hanging Wall |
126.2 |
129.0 |
2.8 |
2.2 |
11.13 |
6.82 |
786 |
850-471-05 |
G1 |
Island West Hanging Wall |
104.0 |
107.0 |
3.0 |
3.0 |
5.12 |
5.12 |
861 |
770-475-03 |
G1 |
Island West Hanging Wall |
156.3 |
158.6 |
2.3 |
2.2 |
4.50 |
4.50 |
729 |
580-473-29 |
G1 |
Island West Hanging Wall |
169.9 |
174.4 |
4.5 |
2.9 |
3.07 |
3.07 |
674 |
770-466-03 |
NS1 |
Island West Hanging Wall |
17.4 |
21.5 |
4.1 |
2.4 |
89.31 |
7.73 |
765 |
580-473-26 |
NS1 |
Island West Hanging Wall |
157.0 |
159.7 |
2.7 |
2.3 |
42.27 |
7.43 |
643 |
770-466-07 |
NS1 |
Island West Hanging Wall |
52.3 |
60.2 |
7.9 |
2.5 |
25.57 |
5.68 |
809 |
770-466-02 |
NS1 |
Island West Hanging Wall |
6.2 |
10.2 |
4.0 |
2.8 |
16.06 |
6.95 |
769 |
580-473-25 |
NS1 |
Island West Hanging Wall |
161.0 |
165.1 |
4.1 |
3.1 |
14.50 |
10.08 |
631 |
770-466-04 |
NS1 |
Island West Hanging Wall |
22.4 |
25.7 |
3.3 |
2.1 |
6.99 |
6.99 |
786 |
770-475-03 |
NS1 |
Island West Hanging Wall |
110.9 |
113.0 |
2.1 |
2.0 |
5.71 |
5.71 |
746 |
770-466-01 |
NS1 |
Island West Hanging Wall |
23.9 |
43.5 |
19.6 |
2.7 |
5.46 |
5.46 |
745 |
770-466-02 |
NS1 |
Island West Hanging Wall |
15.0 |
18.5 |
3.5 |
2.1 |
5.21 |
5.21 |
763 |
850-471-15 |
NS1 |
Island West Hanging Wall |
18.7 |
21.0 |
2.3 |
2.0 |
5.13 |
5.13 |
866 |
580-473-29 |
NS1 |
Island West Hanging Wall |
257.0 |
262.5 |
5.5 |
3.1 |
3.93 |
3.93 |
714 |
770-466-06 |
NS1 |
Island West Hanging Wall |
31.5 |
36.5 |
5.0 |
2.0 |
3.84 |
3.84 |
787 |
620-617-03 |
NTH |
Island East Footwall |
143.3 |
145.7 |
2.4 |
2.2 |
4.17 |
4.17 |
649 |
620-629-03 |
NTH2 |
Island East Footwall |
78.9 |
82.3 |
3.4 |
3.1 |
44.48 |
9.71 |
639 |
620-629-01 |
NTH2 |
Island East Footwall |
89.8 |
92.4 |
2.6 |
2.1 |
17.91 |
5.34 |
662 |
840-554-60 |
NTH3 |
Island East Footwall |
62.0 |
65.6 |
3.6 |
2.3 |
16.86 |
11.40 |
846 |
840-554-04 |
NTH3 |
Island East Footwall |
37.3 |
40.9 |
3.6 |
2.7 |
13.21 |
13.21 |
868 |
840-554-44 |
NTH3 |
Island East Footwall |
70.8 |
75.3 |
4.5 |
3.3 |
12.34 |
7.65 |
833 |
840-566-08 |
NTH3 |
Island East Footwall |
131.7 |
134.7 |
3.0 |
2.3 |
11.02 |
7.29 |
938 |
840-560-06 |
NTH3 |
Island East Footwall |
114.0 |
116.9 |
2.8 |
2.0 |
9.29 |
9.29 |
864 |
840-554-06 |
NTH3 |
Island East Footwall |
38.3 |
41.3 |
3.0 |
2.5 |
7.87 |
7.73 |
871 |
840-554-23 |
NTH3 |
Island East Footwall |
67.8 |
71.0 |
3.2 |
2.1 |
6.77 |
6.04 |
840 |
840-554-01 |
NTH3 |
Island East Footwall |
59.0 |
66.9 |
7.9 |
5.0 |
5.82 |
5.82 |
851 |
840-554-09 |
NTH3 |
Island East Footwall |
60.0 |
63.0 |
3.0 |
2.3 |
3.83 |
3.83 |
855 |
840-554-54 |
NTH3 |
Island East Footwall |
48.0 |
51.0 |
3.1 |
2.2 |
3.15 |
3.15 |
851 |
945-624-03 |
Unknown |
Island East Footwall |
170.2 |
174.9 |
4.7 |
|
137.20 |
|
1091 |
790-479-16 |
Unknown |
Island West Hanging Wall |
223.6 |
227.3 |
3.7 |
|
55.29 |
|
807 |
850-471-04 |
Unknown |
Island West Hanging Wall |
80.9 |
83.5 |
2.7 |
|
54.79 |
|
837 |
850-471-02 |
Unknown |
Island West Hanging Wall |
80.2 |
82.8 |
2.6 |
|
47.61 |
|
852 |
790-479-11 |
Unknown |
Island West Footwall |
83.5 |
86.3 |
2.8 |
|
25.85 |
|
768 |
750-463-11 |
Unknown |
Island West Hanging Wall |
0.0 |
0.9 |
0.9 |
|
22.81 |
|
752 |
850-471-03 |
Unknown |
Island West Hanging Wall |
59.4 |
62.1 |
2.6 |
|
21.04 |
|
862 |
850-471-17 |
Unknown |
Island West Hanging Wall |
33.0 |
38.9 |
5.9 |
|
18.57 |
|
876 |
945-624-06 |
Unknown |
Island East Footwall |
131.9 |
136.1 |
4.2 |
|
18.39 |
|
1052 |
790-479-14 |
Unknown |
Island West Hanging Wall |
188.0 |
191.2 |
3.2 |
|
17.48 |
|
828 |
790-479-02 |
Unknown |
Island West Footwall |
35.2 |
37.9 |
2.7 |
|
11.81 |
|
829 |
580-473-26 |
Unknown |
Island West Hanging Wall |
264.2 |
267.3 |
3.1 |
|
11.70 |
|
676 |
850-471-01B |
Unknown |
Island West Hanging Wall |
147.5 |
149.9 |
2.3 |
|
8.73 |
|
775 |
790-479-10 |
Unknown |
Island West Footwall |
61.8 |
71.6 |
9.8 |
|
6.31 |
|
763 |
945-624-10 |
Unknown |
Island East Footwall |
151.3 |
153.7 |
2.4 |
|
4.94 |
|
1005 |
620-629-02 |
Unknown |
Island East Footwall |
106.9 |
109.5 |
2.7 |
|
3.55 |
|
693 |
850-471-13 |
Unknown |
Island West Hanging Wall |
62.3 |
69.8 |
7.6 |
|
3.10 |
|
896 |
Table 2: 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) |
580-473-16A |
165.09 |
15 |
123 |
690332 |
5351562 |
-201 |
580-473-19 |
161 |
41 |
128 |
690330 |
5351562 |
-201 |
580-473-22 |
189.19 |
37 |
154 |
690330 |
5351562 |
-201 |
580-473-23 |
187 |
22 |
141 |
690327 |
5351562 |
-201 |
580-473-25 |
209.63 |
-15 |
249 |
690326 |
5351562 |
-202 |
580-473-26 |
223.21 |
-17 |
273 |
690326 |
5351563 |
-202 |
580-473-29 |
177 |
-26 |
276 |
690328 |
5351562 |
-202 |
620-617-02 |
166.04 |
-25 |
243 |
691649 |
5352152 |
-210 |
620-617-03 |
178.91 |
-22 |
234 |
691649 |
5352150 |
-210 |
620-617-05 |
155.35 |
-13 |
159 |
691650 |
5352149 |
-210 |
620-617-07 |
170 |
52 |
120 |
691648 |
5352152 |
-207 |
620-617-08 |
188.08 |
25 |
126 |
691647 |
5352151 |
-208 |
620-629-01 |
140 |
-53 |
138 |
691762 |
5352199 |
-211 |
620-629-02 |
153 |
-73 |
120 |
691759 |
5352203 |
-209 |
620-629-03 |
164 |
-38 |
123 |
691759 |
5352201 |
-208 |
750-463-11 |
167.2249 |
21 |
21 |
690265 |
5351477 |
-371 |
770-466-01 |
144.15 |
60 |
60 |
690311 |
5351440 |
-391 |
770-466-02 |
99 |
42 |
36 |
690313 |
5351443 |
-391 |
770-466-03 |
121 |
30 |
45 |
690316 |
5351440 |
-390 |
770-466-04 |
83.25 |
-21 |
42 |
690313 |
5351443 |
-396 |
770-466-06 |
109 |
-18 |
60 |
690313 |
5351442 |
-396 |
770-466-07 |
105 |
-34 |
72 |
690319 |
5351441 |
-401 |
770-475-03 |
209 |
21 |
174 |
690394 |
5351489 |
-395 |
790-479-01 |
172 |
-17 |
210 |
690083 |
5351504 |
-430 |
790-479-02 |
158.57 |
-27 |
165 |
690084 |
5351501 |
-432 |
790-479-04 |
154 |
-15 |
474 |
690083 |
5351504 |
-430 |
790-479-06 |
189 |
-35 |
240 |
690083 |
5351504 |
-430 |
790-479-09 |
188.63 |
4 |
192 |
690083 |
5351504 |
-430 |
790-479-10 |
174.08 |
46 |
206.5 |
690083 |
5351504 |
-429 |
790-479-11 |
200.03 |
32 |
357 |
690083 |
5351504 |
-430 |
790-479-12 |
144.02 |
4 |
402 |
690084 |
5351504 |
-431 |
790-479-13 |
130.8 |
-13 |
402 |
690084 |
5351504 |
-433 |
790-479-14 |
203.85 |
-4 |
402 |
690078 |
5351504 |
-432 |
790-479-16 |
220 |
5 |
303 |
690080 |
5351505 |
-432 |
840-554-01 |
159 |
-6 |
216 |
691084 |
5351875 |
-463 |
840-554-04 |
159 |
-35 |
288 |
691084 |
5351875 |
-467 |
840-554-06 |
156 |
-39 |
300 |
691084 |
5351874 |
-468 |
840-554-09 |
150 |
-11 |
219 |
691086 |
5351873 |
-463 |
840-554-23 |
166 |
3 |
180 |
691083 |
5351874 |
-462 |
840-554-44 |
160 |
8 |
189 |
691083 |
5351875 |
-461 |
840-554-54 |
170 |
-7 |
183 |
691082 |
5351873 |
-463 |
840-554-60 |
164 |
-1 |
186 |
691083 |
5351875 |
-462 |
840-560-06 |
149 |
-10 |
210 |
691139 |
5351901 |
-461 |
840-566-08 |
157 |
-45 |
396 |
691194 |
5351924 |
-466 |
840-608-43 |
118 |
26 |
162 |
691621 |
5352010 |
-451 |
840-608-46 |
138 |
54 |
171 |
691620 |
5352010 |
-449 |
840-608-47 |
137 |
60 |
177 |
691620 |
5352010 |
-449 |
840-608-49 |
139 |
5 |
180 |
691624 |
5352003 |
-449 |
840-632-17 |
131 |
11 |
210 |
691833 |
5352113 |
-447 |
850-471-01B |
116.72 |
28 |
165 |
690357 |
5351474 |
-467 |
850-471-02 |
118.22 |
-1 |
153 |
690358 |
5351473 |
-468 |
850-471-03 |
117 |
-10 |
156 |
690359 |
5351472 |
-469 |
850-471-04 |
129.12 |
10 |
147 |
690358 |
5351472 |
-468 |
850-471-05 |
128.55 |
-5 |
150 |
690358 |
5351472 |
-469 |
850-471-13 |
118.87 |
-42 |
213 |
690357 |
5351473 |
-470 |
850-471-15 |
143 |
-45 |
210 |
690358 |
5351471 |
-470 |
850-471-17 |
129.88 |
-42 |
213 |
690357 |
5351473 |
-470 |
945-624-03 |
275.12 |
-78 |
249 |
691855 |
5351852 |
-545 |
945-624-06 |
314.44 |
-76 |
201 |
691855 |
5351852 |
-541 |
945-624-10 |
43 |
-31 |
207 |
691858 |
5351858 |
-540 |
945-624-13 |
57.8 |
-67 |
237 |
691858 |
5351856 |
-542 |
Note: UTM mine surface elevation 393 m
Figure 1: Island Gold Mine –
C/E1E/E1EN/E1D Longitudinal, New C and E1E-Zone Underground
Exploration Drilling Results
Figure 2: Island Gold West – Highlights
from NS1 Hanging Wall Zone
Figure 3: Island Gold East – Highlights
from NTH3 Footwall Wall Zone
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6057bbcc-fffb-4fb0-98cd-98b639474c27
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/365da9c9-ea09-4bf9-9db2-f220a1287ebd
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/dd4c0203-d4dd-409f-9c6e-78e214bbc718
Alamos Gold (TSX:AGI)
Historical Stock Chart
From Sep 2024 to Oct 2024
Alamos Gold (TSX:AGI)
Historical Stock Chart
From Oct 2023 to Oct 2024