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
in Island Main, East and West. All reported drill widths are true
width of the mineralized zones, unless otherwise stated.
- Island
East: high-grade gold mineralization extended 110 metres (“m”)
down-plunge from the nearest Inferred Mineral Resource block, and
up to 70 m below, and west of previously reported drillhole MH25-04
(28.97 g/t Au (26.89 g/t cut) over 21.76 m), the best surface
directional hole drilled to date. New highlights include:
- 54.18
g/t Au (31.94 g/t cut) over 6.54 m (MH25-05);
- 123.74 g/t
Au (15.75 g/t cut) over 5.06 m (MH25-06); and
- 21.88 g/t
Au (21.88 g/t cut) over 2.52 m (620-623-07).
- Island
Main: high-grade gold mineralization intersected up to 200 m east
of existing Mineral Reserves in Island Main and between Mineral
Reserve and Resource blocks in middle to upper areas of Island East
(between depth of 850 and 1,100 m). New highlights
include:
- 18.64 g/t
Au (18.64 g/t cut) over 5.89 m (840-578-11); and
- 97.76 g/t
Au (36.40 g/t cut) over 2.00 m (840-578-13).
- Island
West: underground directional drilling extended high-grade
mineralization up to 45 m beyond the nearest Inferred Mineral
Resources. New highlights include:
- 72.45
g/t Au (72.45 g/t cut) over 2.04 m (740-471-36).
Note: Drillhole composite intervals reported as
“cut” may include higher grade samples which have been cut to 160
g/t Au for the Island East Area, and 225 g/t for Island Main and
West.
“These latest results conclude another
successful drilling campaign in 2020. Despite not completing as
much drilling as planned due to COVID-19, the 2020 program included
some of the best exploration results drilled to date at Island
Gold. We expect these results to drive further growth in high-grade
Mineral Resources at Island Gold with our 2020 year end update,
improving already attractive economics with the Phase III shaft
expansion, while also clearly demonstrating the significant ongoing
growth potential of the deposit,” said John A. McCluskey, President
and Chief Executive Officer.
2020 Exploration Drilling Program –
Island Gold Mine
Exploration activities at Island Gold were
focused on continuing to define new near mine Mineral Resources,
building on the success of the 2019 drilling program and the
additional high-grade mineralization that was defined throughout
2020.
A total of 21,415 m of surface directional
drilling, 8,352 m of underground directional drilling, and 15,170 m
of standard underground exploration drilling was completed in 2020.
This was down from 2019 and lower than the total budget of 76,000 m
largely due to the COVID-19 related downtime of the Island Gold
Mine during the second quarter of 2020. Exploration activities
ramped up during the second half of 2020 and included the best
surface exploration hole drilled to date at Island Gold.
New highlight intercepts can be found in Tables
1 and 2 and in Figures 1, 2, and 3 at the end of this news
release.
2021 Exploration Drilling Program –
Island Gold Mine
A total of $25 million is budgeted in 2021 for
surface and underground exploration at Island Gold, up from the
initial 2020 budget of $21 million. The focus remains on continuing
to define new near mine Mineral Resources across the two-kilometre
long Island Gold Main Zone, as well as advancing and evaluating
several regional targets. The 2021 exploration budget includes
27,500 m of surface directional drilling, 24,000 m of underground
directional drilling, 28,000 m of underground exploration drilling,
and 900 m of underground exploration development to extend drill
platforms on the 620, 790, and 840-levels.
A significantly larger regional exploration
program including 25,000 m of drilling is also planned in 2021. The
focus will be on evaluating and advancing exploration targets
outside the main Island Gold Mine area on the recently expanded
Island Gold property which now covers 14,929-hectares. This was
increased by 57% with the acquisition of Trillium Mining in
December 2020 adding significant exploration potential in proximity
to the existing high-grade Mineral Resource in Island East and
regionally.
Island East
Surface and underground directional drilling
continues to extend gold mineralization beyond Mineral Resource
blocks in the upper through lower portions of Island East with
drill hole spacing ranging from 50 m to 100 m (Figures 1 and
2).
New highlights from the drilling program include
(E1E-Zone) (Table 1):
- 54.18 g/t
Au (31.94 g/t cut) over 6.54 m (MH25-05);
- 123.74 g/t
Au (15.75 g/t cut) over 5.06 m (MH25-06);
- 15.26 g/t
Au (12.69 g/t cut) over 2.83 m (MH26-01);
- 10.92 g/t
Au (10.92 g/t cut) over 3.67 m (620-623-04);
- 14.41 g/t
Au (11.08 g/t cut) over 3.61 m (620-MH3-01); and
- 21.88 g/t
Au (21.88 g/t cut) over 2.52 m (620-623-07).
Drillhole MH25-05 (54.18 g/t Au (31.94
g/t cut) over 6.54 m) intersected high-grade
mineralization up to 70 m below and west of previously reported
drillholes MH25-03 and MH25-04. As reported on September 17, 2020,
these holes intersected wide, high-grade gold mineralization 40 m
and 100 m, respectively, down-plunge from the existing high-grade
Inferred Mineral Resource block which contained 719,800 ounces,
grading 18.74 g/t Au (1.2 million tonnes) as of December 31, 2019.
Using the cut weighted gold grade for metal factor calculation,
drillhole MH25-04 (28.97 g/t Au (26.89 g/t cut) over 21.76
m) is the best surface directional hole drilled to date at
Island Gold in terms of gold content for a drill hole
intersect.
Drillhole 620-623-07
(21.88 g/t Au (21.88 g/t cut) over 2.52 m)
intersected mineralization 80 m above and to the east of the
nearest Inferred Mineral Resource block in the middle portion of
Island East. Drillhole 620-623-04 (10.92 g/t Au (10.92 g/t cut)
over 3.67 m) intersected mineralization within a 200 m gap between
the Inferred Mineral Resource blocks in the upper and middle
portions of Island East.
Drillhole 620-MH3-01 (14.41 g/t Au
(11.08 g/t cut) over 3.61 m) also extended high-grade
mineralization down-plunge from this same Inferred Mineral Resource
block. Combined with previously reported drillholes
620-MH2-01 (29.05 g/t Au (26.67 g/t cut) over 4.86
m) and MH21-04 (44.30 g/t Au (44.30 g/t cut) over
2.25 m), these results continue to infill the 120 m gap
between high-grade Inferred Mineral Resources in the middle and
lower areas of Island East. They also continue to confirm the
vertical continuity of the E1E Zone over 1.2 km, between a depth of
300 m and 1,500 m in the eastern part of the deposit.
Island Main
Underground exploration drilling conducted from
the recently established 840-level exploration drift was successful
in expanding high-grade gold mineralization within a 300 m gap east
of the Mineral Reserves of Island Main, and Inferred Mineral
Resources blocks in Island East between depths of 850 m and 1,100 m
(Figure 3). The 840-level exploration drift continues to advance to
the east, providing improved access for further underground
exploration drilling in the middle to upper areas of Island East.
The drift will also allow for subsequent delineation drilling
focused on converting Mineral Resources to Mineral Reserves.
New highlights from the underground drilling
program include (E1E-Zone) (Table 2):
- 18.64
g/t Au (18.64 g/t cut) over 5.89 m (840-578-11);
- 97.76
g/t Au (36.40 g/t cut) over 2.00 m (840-578-13);
- 16.90
g/t Au (16.90 g/t cut) over 3.31 m (840-578-12);
- 8.78 g/t
Au (8.78 g/t cut) over 5.46 m (840-572-10); and
- 5.33 g/t
Au (5.33 g/t cut) over 7.01 m (840-578-04).
Island West
Underground directional drilling in the Island
West area extended high-grade gold mineralization up to 45 m
outside of the Inferred Mineral Resources (Figure 1).
New highlights from the underground directional
drilling program include (E1E-Zone) (Table 1):
- 72.45
g/t Au (72.45 g/t cut) over 2.04 m (740-471-36); and
- 10.88
g/t Au (10.88 g/t cut) over 2.0 m (740-471-37).
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 and surface
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) (Tables 1 and
2):
- 41.23
g/t Au (41.23 g/t cut) over 10.19 m (MH22-05); and
- 16.92
g/t Au (16.92 g/t cut) over 5.10 m (620-623-01).
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
Alamos Gold maintains an internal 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 Lab Expert in Rouyn-Noranda, Québec.
Gold is analyzed by a one assay-ton fire assay
(29.16 grams) with an Atomic Absorption (AA) finish. Samples
greater than 6.8 g/t are re-analyzed using gravimetric finish
methods. LabExpert 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
31, 2020.
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. ParsonsVice 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”, “focus”, "estimate", 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. In particular, this news
release contains forward-looking statements including, without
limitation, with respect to the 2020 surface exploration drilling
program at the Island Gold mine, the estimation of Mineral
Resources, exploration results, potential mineralization, changes
in Mineral Resources and Mineral Reserves, Island Gold’s Phase III
expansion 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.
Forward-looking statements are necessarily based
upon a number of 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.
Such factors and assumptions underlying the
forward-looking statements in this news release include: 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 widespread
pandemic; the impact of the COVID-19 pandemic on the broader
market; provincial and federal orders or mandates (including with
respect to mining operations generally or auxiliary businesses or
services required for our operations) in Canada, Mexico, the United
States and Turkey; the duration of regulatory responses to the
COVID-19 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); 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, Mexican peso
and Turkish Lira); 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; 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, Mexico, the United States,
Turkey 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 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.
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. The United States Securities and Exchange
Commission (the “SEC”) permits mining companies, in their filings
with the SEC, to disclose only those mineral deposits that a
company can economically and legally extract or produce. Alamos may
use certain terms, such as “Measured Mineral Resources”, “Indicated
Mineral Resources”, “Inferred Mineral Resources” and “Probable
Mineral Reserves” which differ materially from the definitions in
SEC Industry Guide 7 under the United States Securities Exchange
Act of 1934, as amended. 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. 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 “Mineral Reserves” by SEC
standards as in place tonnage and grade without reference to unit
measures.
The SEC has adopted final rules, effective
February 25, 2019, 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 (the “SEC Modernization Rules”).
The SEC Modernization Rules replace the historical property
disclosure requirements included in SEC Industry Guide 7. As a
result of the adoption of the SEC Modernization Rules, 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. The SEC Modernization Rules will become
mandatory for U.S. reporting companies beginning with the first
fiscal year commencing on or after January 1, 2021.
Table 1: Island Gold – Previously
Unreleased Select Composite Intervals from Surface and Underground
Directional Exploration Drilling
Composite intervals greater than 3 g/t Au
weighted average, capping values: Island Main and
West @ 225 g/t Au; Island East @ 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) |
740-471-36 |
C |
Island West |
458.60 |
461.40 |
2.80 |
2.04 |
72.45 |
72.45 |
1067 |
740-471-37 |
C |
Island West |
387.30 |
390.60 |
3.30 |
2.00 |
10.88 |
10.88 |
1018 |
620-623-01 |
E1E |
Island East |
651.10 |
654.60 |
3.50 |
2.23 |
3.58 |
3.58 |
1109 |
620-623-02 |
E1E |
Island East |
451.00 |
457.00 |
6.00 |
2.09 |
6.76 |
6.76 |
938 |
620-623-04 |
E1E |
Island East |
429.10 |
434.00 |
4.90 |
3.67 |
10.92 |
10.92 |
897 |
620-623-07 |
E1E |
Island East |
410.60 |
414.20 |
3.60 |
2.52 |
21.88 |
21.88 |
880 |
620-MH3-01 |
E1E |
Island East |
668.90 |
678.50 |
9.60 |
3.61 |
14.41 |
11.08 |
1135 |
MH24-01 |
E1E |
Island Main |
1578.00 |
1581.30 |
3.30 |
2.70 |
5.98 |
5.98 |
1474 |
MH24-02 |
E1E |
Island Main |
1597.80 |
1601.30 |
3.50 |
2.67 |
5.97 |
5.97 |
1490 |
MH25-05 |
E1E |
Island Main |
1626.00 |
1634.50 |
8.50 |
6.54 |
54.18 |
31.94 |
1488 |
MH25-06 |
E1E |
Island Main |
1592.50 |
1598.30 |
5.80 |
5.06 |
123.74 |
15.75 |
1431 |
MH26-01 |
E1E |
Island Main |
1542.30 |
1547.00 |
4.70 |
2.83 |
15.26 |
12.69 |
1465 |
740-471-36 |
G |
Island West |
470.15 |
475.00 |
4.85 |
3.31 |
5.76 |
5.76 |
1074 |
620-623-01 |
Unknown |
Island East |
678.80 |
683.90 |
5.10 |
-- |
16.92 |
16.92 |
1123 |
620-MH3-01 |
Unknown |
Island East |
712.05 |
721.95 |
9.90 |
-- |
4.62 |
4.62 |
1160 |
MH22-05 |
Unknown |
Island Main |
1283.56 |
1293.75 |
10.19 |
-- |
41.23 |
41.23 |
1161 |
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) |
840-572-09 |
E1E |
Island East |
225.30 |
231.50 |
6.20 |
4.90 |
3.73 |
3.73 |
936 |
840-572-10 |
E1E |
Island East |
201.50 |
209.30 |
7.80 |
5.46 |
8.78 |
8.78 |
898 |
840-578-04 |
E1E |
Island East |
192.70 |
202.50 |
9.80 |
7.01 |
5.33 |
5.33 |
908 |
840-578-06 |
E1E |
Island East |
290.00 |
297.50 |
7.50 |
3.57 |
4.15 |
4.15 |
1030 |
840-578-07 |
E1E |
Island East |
291.00 |
297.10 |
6.10 |
3.51 |
6.07 |
6.07 |
1031 |
840-578-08 |
E1E |
Island East |
249.40 |
253.50 |
4.10 |
2.58 |
10.41 |
10.41 |
987 |
840-578-09 |
E1E |
Island East |
236.70 |
241.10 |
4.40 |
3.33 |
4.81 |
4.81 |
965 |
840-578-10 |
E1E |
Island East |
266.80 |
272.40 |
5.60 |
2.40 |
9.35 |
9.35 |
1005 |
840-578-11 |
E1E |
Island East |
181.30 |
188.05 |
6.75 |
5.89 |
18.64 |
18.64 |
881 |
840-578-12 |
E1E |
Island East |
212.00 |
217.00 |
5.00 |
3.31 |
16.90 |
16.90 |
926 |
840-578-13 |
E1E |
Island East |
303.75 |
309.00 |
5.25 |
2.00 |
97.76 |
36.40 |
1044 |
840-572-07 |
Unknown |
Island East |
257.90 |
262.35 |
4.45 |
-- |
5.83 |
5.83 |
994 |
Table 3: Surface and underground
directional 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 |
620-623-01 |
154 |
-70 |
761 |
691707 |
5352177 |
-209 |
|
620-623-02 |
176 |
-50 |
552 |
691707 |
5352177 |
-209 |
|
620-623-03 |
163 |
-52 |
609 |
691707 |
5352177 |
-209 |
|
620-623-04 |
192 |
-48 |
513 |
691707 |
5352177 |
-209 |
|
620-623-05 |
177 |
-48 |
558 |
691707 |
5352177 |
-209 |
|
620-623-06 |
167 |
-43 |
459 |
691707 |
5352177 |
-209 |
|
620-623-07 |
145 |
-56 |
543 |
691707 |
5352177 |
-209 |
|
620-MH3-01 |
153 |
-70 |
795 |
691707 |
5352177 |
-209 |
|
740-471-36 |
85 |
-51 |
597 |
690297 |
5351608 |
-369 |
|
740-471-37 |
83 |
-52 |
528 |
690297 |
5351608 |
-369 |
|
MH22-06 |
342 |
-75 |
1088 |
691000 |
5350855 |
393 |
Cut from MH22-01 at 633 m |
MH24-01 |
338 |
-77 |
1665 |
692027 |
5351126 |
395 |
|
MH24-02 |
338 |
-77 |
1160 |
692027 |
5351126 |
395 |
Cut from MH24-01 at 607 m |
MH25-05 |
335 |
-80 |
703 |
692314 |
5351074 |
398 |
Cut from MH25-04 at 1026 m |
MH25-06 |
335 |
-80 |
1001 |
692314 |
5351074 |
398 |
Cut from MH25-01 at 678 m |
MH26-01 |
339 |
-79 |
1715 |
692210 |
5351208 |
394 |
|
Note: UTM mine surface elevation 382 m
Table 4: UG 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) |
840-572-06 |
151 |
-43 |
381 |
691247 |
5351951 |
-460 |
840-572-07 |
148 |
-36 |
332 |
691247 |
5351951 |
-460 |
840-572-08 |
151 |
-32 |
351 |
691247 |
5351952 |
-459 |
840-572-09 |
149 |
-25 |
300 |
691247 |
5351951 |
-459 |
840-572-10 |
146 |
-17 |
297 |
691247 |
5351951 |
-459 |
840-578-04 |
150 |
-21 |
300 |
691308 |
5351963 |
-458 |
840-578-06 |
163 |
-41 |
345 |
691309 |
5351963 |
-457 |
840-578-07 |
154 |
-41 |
417 |
691308 |
5351963 |
-458 |
840-578-08 |
154 |
-36 |
354 |
691308 |
5351963 |
-458 |
840-578-09 |
146 |
-31 |
333 |
691308 |
5351963 |
-458 |
840-578-10 |
146 |
-37 |
360 |
691308 |
5351962 |
-458 |
840-578-11 |
146 |
-13 |
276 |
691308 |
5351963 |
-457 |
840-578-12 |
146 |
-24 |
303 |
691308 |
5351963 |
-458 |
840-578-13 |
146 |
-41 |
411 |
691308 |
5351962 |
-458 |
Note: UTM mine surface elevation 382 m
Figure 1: Island Gold Mine
Longitudinalhttps://www.globenewswire.com/NewsRoom/AttachmentNg/e6b27d9a-62c2-4ed1-b191-db740e020d08
Figure 2: Island Gold Mine Main and East
Areas – Surface and Underground Directional Drilling
Resultshttps://www.globenewswire.com/NewsRoom/AttachmentNg/aebe37e2-ab24-4a59-bf03-c4fc2969b5c0
Figure 3: Island Gold Mine Main and East
Areas – Underground Exploration Drilling
Resultshttps://www.globenewswire.com/NewsRoom/AttachmentNg/f0852f83-c186-475c-8db6-377953e18700
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