DUBREUILVILLE, Ont. — Alamos Gold (TSX: AGI; NYSE: AGI) has extended gold mineralization along strike and down plunge from existing reserves and resources at its newly acquired and producing Island Gold underground mine, 83 km northeast of Wawa, Ont., and just outside the town of Dubreuilville.
The results come from Alamos’ 2018 exploration program, which is targeting three main areas at Island Gold: the deposit’s main, eastern and western extensions. In the main and western extensions, Alamos is testing east plunging shoots below existing reserves and resources; in the eastern extension it’s exploring plunging shoots along strike beyond existing reserves and resources. The company says results from infill drilling confirm continuity of mineralization.
Highlights from the program include 14.18 grams gold per tonne (32.06 uncut) over 4 metres from 1,529 metres downhole in the main extension; 42.14 grams gold (71.27 uncut) over 5 metres from 84 metres downhole in the eastern extension; and 31.54 grams gold over 5 metres from 1,363 metres downhole in the western extension.
Because of the positive results, Alamos has increased its 2018 exploration budget for Island Gold from $15 million to $18 million and added two more surface drill rigs – bringing its total to six. The added rigs will increase Alamos’ surface directional drilling from 33,000 metres to 45,000 metres.
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