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Alamos Gold to Expand High-Grade Mineralization at Island Gold

Mining News - Published on Wed, 18 Sep 2019

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Alamos Gold Inc reported new results from surface and underground exploration drilling at the Island Gold Mine, further extending high-grade gold mineralization. All reported drill widths are true width of the mineralized zones, unless otherwise stated. Extending Mineralization in New Area of Focus: high-grade mineralization extended 85 metres west and 75 m below the nearest previously reported intersection in the new area of focus between the Eastern and Main Extensions. All nine holes drilled to date in this previously untested area have intersected the E1E Zone including 8 intersecting ore grade gold mineralization over a lateral extent of 300 m. This area is located within a 500 m gap between Inferred Mineral Resource blocks, and is only 1,000 m from surface and relatively close to existing infrastructure.

New highlights include:
34.28 gram per tonne Au (24.95 g/t cut) over 8.36 m (MH19-01);
12.30 g/t Au (12.30 g/t cut) over 6.67 m (MH19-02).

Main Extension Down-Plunge: high-grade mineralization extended 50 m east from the nearest previously reported intersection and 90 m from existing Mineral Resources. 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.

Main Extension Near Mine: high-grade mineralization intersected east of Mineral Reserves, and above Inferred Resources from the 840-level exploration drift.

New highlights include:
63.94 g/t Au (22.24 g/t cut) over 12.33 m (840-554-14);
27.82 g/t Au (20.71 g/t cut) over 7.60 m (840-554-07).

Mr John A McCluskey, President and Chief Executive Officer, said that “Ongoing exploration success at Island Gold continues to support further growth of the deposit and operation. We have extended high-grade mineralization between the Main and Eastern Extensions and see excellent potential to add high-grade Mineral Resources in this new area. This area is close to existing underground infrastructure including the 840 level exploration drift which will allow us to further define its potential from underground and bring it into the mine plan relatively quickly.”

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Posted By : Rabi Wangkhem on Wed, 18 Sep 2019
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