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.
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 (“m”) west and 75 m
below the nearest previously reported intersection (MH18-04) 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 eight 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 g/t Au (24.95 g/t cut) over 8.36 m (MH19-01);
and
- 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 (MH17-06) 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.
- 16.61 g/t Au (14.48 g/t cut) over 7.27 m
(MH17-07).
- 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);
and
- 27.82 g/t Au (20.71 g/t cut) over 7.60 m
(840-554-07).
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.
“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,”
said John A. McCluskey, President and Chief Executive Officer.
2019 Drilling Program – Island Gold
Mine
The focus of the 2019 exploration drilling
program is to continue to expand 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 ongoing exploration program at Island Gold
has been successful in extending high grade gold mineralization
across each of the Main, Western, and Eastern Extensions. This has
translated into significant growth in Mineral Reserves and
Resources since the November 2017 acquisition of Island Gold.
A total of 28,123 m of surface directional and
18,676 m of underground exploration drilling has been completed as
of August 31, 2019. New highlight intercepts can be found in
Figures 1, 2, and 3 and Tables 1 and 2 at the end of this news
release.
The 2019 exploration program at Island Gold
includes 48,000 m of surface directional exploration drilling,
30,000 m of underground exploration drilling, and 917 m of
exploration drift development.
Surface Exploration
Drilling
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 that was discovered in May 2019. This area is located
down-plunge from known Inferred Resource blocks, between the 850 m
and 1,150 m vertical depths, and previously reported high-grade
intersections approximately 350 m further to the east (Figure 2).
New highlights from the surface drilling program include (E1E-Zone)
(Table 1):
- 34.28 g/t 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);
and
- 6.31 g/t Au (6.31 g/t cut) over 8.10 m
(MH18-07).
All nine holes drilled to date in
this area have intersected the E1E Zone with eight of the holes
presenting ore grade gold mineralization (see Figure 4).
This includes new drill holes MH19-01, which intersected
34.28 g/t Au (24.95 g/t cut) over 8.36 m, and
MH19-02 which intersected 12.30 g/t Au (12.30 g/t cut) over
6.67 m. These new intersections are located 75 m below and
85 m west of previously reported drill hole MH18-04 which
intersected 31.66 g/t Au (31.66 g/t cut) over 2.95 m (see Press
Release dated June 10, 2019).
These new drill hole intersections are
approximately 225 m down-plunge from Inferred Mineral Resources in
the Eastern Extension, and 240 m vertically above Inferred Mineral
Resources defined in the eastern down-plunge extent of the Main
Extension. Testing the continuity of high-grade mineralization
between the Eastern and Main Extensions will be an ongoing focus
for the balance of 2019. Three 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 will be
extended above this area by the end of 2019 providing underground
access to infill drill this area in 2020 while continuing to target
further high-grade mineralization.
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):
- 16.61 g/t Au (14.48 g/t cut) over 7.27 m
(MH17-07);
- 5.98 g/t Au (5.98 g/t cut) over 5.24 m
(MH14-7);
- 3.21 g/t Au (3.21 g/t cut) over 4.83 m (MH13-8);
and
- 2.36 g/t Au (2.36 g/t cut) over 9.41 m
(MH18-06).
New drillhole MH17-07 (16.61 g/t Au
(14.48 g/t cut) over 7.27 m) extended high-grade gold
mineralization 50 m east from the nearest previously reported drill
hole intersection from MH17-06 (24.08 g/t Au (14.21 g/t cut) over
6.27 m). Gold mineralization continues to be expanded to the east,
over one kilometre from existing mine workings. This east plunging
high-grade ore shoot remains open laterally, up- and
down-plunge.
Two surface directional 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 over the past few months 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 1400 m.
Underground Exploration
Drilling
Underground exploration drilling is being
conducted from the 340, 620 and 840 level exploration drifts.
Drilling from the 340-level exploration drift is testing an area to
the east of the Mineral Reserve and Mineral Resource blocks of the
Eastern Extension, between 300 m and 500 m vertical depths.
Drilling from the 620-level exploration drift tested an area
between the Main Mine and the Eastern Extension Mineral Reserve and
Mineral Resource blocks, between 450 m and 750 m vertical depths.
Drilling from the 840-level exploration drift is testing the area
between 840 m and 1000 m vertical depths to the east of the
existing Mineral Reserves, and above the Inferred Resource of the
Main Extension.
New highlights from the underground exploration
drilling program in the E1E Zone include (Figure 3, Table 2):
- 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);
- 8.47 g/t Au (8.47 g/t cut) over 3.95 m
(840-548-19);
- 9.58 g/t Au (9.58 g/t cut) over 4.30 m
(620-568-47);
- 13.48 g/t Au (13.48 g/t cut) over 2.09 m
(340-602-06);
- 11.12 g/t Au (11.12 g/t cut) over 2.19 m
(340-602-14);
- 11.78 g/t Au (11.78 g/t cut) over 2.38 m (340-602-16);
and
- 5.24 g/t Au (5.24 g/t cut) over 6.21 m
(340-602-17).
New drillholes 840-554-14 (63.94 g/t Au
(22.24 g/t cut) over 12.33 m) and 840-554-07
(27.82 g/t Au (20.71 g/t cut) over 7.60 m)
extended high-grade mineralization 150 m east of existing Mineral
Reserves, above Inferred Mineral Resources in the Main Extension.
Two underground rigs remain active in the area focused on
further defining this area with the objective of adding near mine
Mineral Resources.
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 constitutes 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):
- 98.60 g/t Au (77.13 g/t cut) over 3.25 m
(340-602-14);
- 29.81 g/t Au (29.81 g/t cut) over 5.75 m
(740-465-56);
- 48.85 g/t Au (42.90 g/t cut) over 3.00 m
(340-602-06);
- 12.89 g/t Au (12.89 g/t cut) over 5.95 m (340-602-06);
and
- 13.92 g/t Au (13.92 g/t cut) over 4.10 m
(340-602-12).
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 four operating mines in North America.
This includes the Young-Davidson and Island Gold mines in northern
Ontario, Canada and the Mulatos and El Chanate mines 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: Main
Island and Extension 1 areas @ 225 g/t Au; Extension 2 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) |
MH13-8 |
E1E |
Eastern Ext |
1551.40 |
1556.70 |
5.30 |
4.83 |
3.21 |
3.21 |
1237 |
MH14-7 |
E1E |
Main Ext |
1548.90 |
1555.70 |
6.80 |
5.24 |
5.98 |
5.98 |
1481 |
MH17-07 |
E1E |
Main Ext |
1500.30 |
1507.80 |
7.50 |
7.27 |
16.61 |
14.48 |
1252 |
MH18-07 |
E1E |
Eastern Ext |
1130.60 |
1140.40 |
9.80 |
8.10 |
6.31 |
6.31 |
1010 |
MH19-01 |
E1E |
Eastern Ext |
1179.90 |
1191.00 |
11.10 |
8.36 |
34.28 |
24.95 |
1084 |
MH19-02 |
E1E |
Eastern Ext |
1161.00 |
1168.60 |
7.60 |
6.67 |
12.30 |
12.30 |
1056 |
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 2: Island Gold – Previously
Unreleased Select Composite Intervals from Underground Exploration
Drilling
Composite intervals greater than 3 g/t Au
weighted average, capping values: Main
Island and Extension 1 areas @ 225 g/t Au; Extension 2 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) |
340-602-06 |
E1E |
Eastern Ext |
160.00 |
164.10 |
4.10 |
2.09 |
13.48 |
13.48 |
405 |
340-602-07 |
E1E |
Eastern Ext |
125.35 |
128.40 |
3.05 |
2.19 |
7.59 |
7.59 |
365 |
340-602-14 |
E1E |
Eastern Ext |
175.50 |
180.50 |
5.00 |
2.19 |
11.12 |
11.12 |
415 |
340-602-15 |
E1E |
Eastern Ext |
132.50 |
136.30 |
3.80 |
2.27 |
3.87 |
3.87 |
366 |
340-602-16 |
E1E |
Eastern Ext |
101.70 |
104.80 |
3.10 |
2.38 |
11.78 |
11.78 |
326 |
340-602-17 |
E1E |
Eastern Ext |
91.35 |
98.40 |
7.05 |
6.21 |
5.24 |
5.24 |
285 |
620-543-73 |
E1E |
Eastern Ext |
216.85 |
219.80 |
2.95 |
2.05 |
8.02 |
8.02 |
716 |
620-550-45 |
E1E |
Eastern Ext |
249.70 |
253.30 |
3.60 |
2.22 |
5.43 |
5.43 |
718 |
620-568-28 |
E1E |
Eastern Ext |
163.80 |
166.50 |
2.70 |
2.14 |
3.08 |
3.08 |
632 |
620-568-32 |
E1E |
Eastern Ext |
178.20 |
180.60 |
2.40 |
2.04 |
4.48 |
4.48 |
656 |
620-568-33 |
E1E |
Eastern Ext |
224.30 |
228.95 |
4.65 |
3.02 |
5.23 |
5.23 |
717 |
620-568-39 |
E1E |
Eastern Ext |
203.00 |
207.60 |
4.60 |
3.21 |
3.17 |
3.17 |
690 |
620-568-42 |
E1E |
Eastern Ext |
144.00 |
146.90 |
2.90 |
2.22 |
3.00 |
3.00 |
461 |
620-568-43 |
E1E |
Eastern Ext |
102.60 |
105.70 |
3.10 |
2.87 |
4.50 |
4.50 |
583 |
620-568-44 |
E1E |
Eastern Ext |
102.60 |
105.60 |
3.00 |
2.83 |
4.37 |
4.37 |
564 |
620-568-45A |
E1E |
Eastern Ext |
110.50 |
114.40 |
3.90 |
3.43 |
4.81 |
4.81 |
515 |
620-568-46 |
E1E |
Eastern Ext |
119.90 |
122.90 |
3.00 |
2.49 |
4.06 |
4.06 |
494 |
620-568-47 |
E1E |
Eastern Ext |
108.70 |
113.70 |
5.00 |
4.30 |
9.58 |
9.58 |
530 |
840-548-19 |
E1E |
Main Ext |
200.30 |
206.00 |
5.70 |
3.95 |
8.47 |
8.47 |
927 |
840-548-22 |
E1E |
Main Ext |
174.00 |
177.20 |
3.20 |
2.80 |
5.48 |
5.48 |
890 |
840-548-29 |
E1E |
Main Ext |
156.30 |
158.80 |
2.50 |
2.18 |
3.87 |
3.87 |
826 |
840-554-07 |
E1E |
Main Ext |
282.30 |
295.50 |
13.20 |
7.60 |
27.82 |
20.71 |
1049 |
840-554-14 |
E1E |
Main Ext |
273.10 |
290.40 |
17.30 |
12.33 |
63.94 |
22.24 |
1038 |
840-560-01 |
E1E |
Main Ext |
216.00 |
220.20 |
4.20 |
2.69 |
8.46 |
8.46 |
940 |
340-602-06 |
Unknown |
Eastern Ext |
13.00 |
18.95 |
5.95 |
|
12.89 |
12.89 |
330 |
340-602-06 |
Unknown |
Eastern Ext |
42.00 |
45.00 |
3.00 |
|
48.85 |
42.90 |
345 |
340-602-07 |
Unknown |
Eastern Ext |
71.58 |
74.35 |
2.77 |
|
4.08 |
4.08 |
347 |
340-602-08 |
Unknown |
Eastern Ext |
60.00 |
62.70 |
2.70 |
|
6.53 |
6.53 |
325 |
340-602-12 |
Unknown |
Eastern Ext |
66.40 |
70.50 |
4.10 |
|
13.92 |
13.92 |
335 |
340-602-14 |
Unknown |
Eastern Ext |
48.00 |
51.25 |
3.25 |
|
98.60 |
77.13 |
348 |
740-465-56 |
Unknown |
Western Ext |
154.65 |
160.40 |
5.75 |
|
29.81 |
29.81 |
712 |
840-548-22 |
Unknown |
Main Ext |
105.85 |
108.50 |
2.65 |
|
7.02 |
7.02 |
873 |
840-554-08 |
Unknown |
Main Ext |
20.70 |
23.17 |
2.47 |
|
5.29 |
5.29 |
841 |
840-554-09 |
Unknown |
Main Ext |
60.00 |
63.00 |
3.00 |
|
3.83 |
3.83 |
855 |
840-554-12 |
Unknown |
Main Ext |
156.00 |
162.50 |
6.50 |
|
3.21 |
3.21 |
937 |
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 |
MH13-7 |
337 |
-72 |
811 |
692074 |
5351046 |
389 |
Cut from MH13 at 859m |
MH13-8 |
337 |
-72 |
630 |
692074 |
5351046 |
389 |
Cut from MH13-7 at 1028m |
MH14-7 |
338 |
-85 |
572 |
691522 |
5351123 |
394 |
Cut from MH14-6 at 1133m |
MH16-07 |
337 |
-73 |
907 |
691002 |
5350845 |
387 |
Cut from MH16-06 at 721m |
MH17-07 |
334 |
-73 |
585 |
692320 |
5351076 |
395 |
Cut from MH17-06 at 1076m |
MH17-08 |
334 |
-73 |
184 |
692320 |
5351076 |
395 |
Abandoned |
MH18-06 |
339 |
-75 |
738 |
691886 |
5351456 |
395 |
Cut from MH18-05 at 586m |
MH18-07 |
339 |
-75 |
834 |
691886 |
5351456 |
395 |
Cut from MH18-05 at 566m |
MH19-01 |
336 |
-79 |
1342 |
691646 |
5351376 |
399 |
|
MH19-02 |
336 |
-79 |
644 |
691646 |
5351376 |
399 |
Cut from MH19-01 at 735m |
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) |
340-594-10 |
140 |
25 |
90 |
691394 |
5352153 |
75 |
340-594-11 |
112 |
37 |
108 |
691395 |
5352154 |
76 |
340-602-06 |
158 |
-34 |
222 |
691454 |
5352213 |
61 |
340-602-07 |
158 |
-22 |
159 |
691454 |
5352213 |
61 |
340-602-08 |
158 |
-5 |
123 |
691454 |
5352213 |
62 |
340-602-09 |
158 |
23 |
105 |
691454 |
5352213 |
63 |
340-602-10 |
150 |
-37 |
246 |
691454 |
5352213 |
61 |
340-602-11 |
150 |
-29 |
177 |
691454 |
5352213 |
61 |
340-602-12 |
148 |
-14 |
135 |
691454 |
5352213 |
61 |
340-602-13 |
146 |
10 |
111 |
691454 |
5352213 |
62 |
340-602-14 |
141 |
-33 |
243 |
691454 |
5352213 |
60 |
340-602-15 |
139 |
-21 |
153 |
691455 |
5352213 |
61 |
340-602-16 |
136 |
-4 |
126 |
691454 |
5352213 |
62 |
340-602-17 |
131 |
22 |
120 |
691455 |
5352213 |
63 |
620-543-73 |
153 |
-30 |
240 |
690967 |
5351872 |
-226 |
620-543-76 |
147 |
-18 |
224 |
690967 |
5351872 |
-226 |
620-550-38 |
148 |
-7 |
204 |
691020 |
5351907 |
-225 |
620-550-45 |
137 |
-27 |
291 |
691020 |
5351907 |
-225 |
620-568-25 |
176 |
61 |
159 |
691194 |
5351960 |
-217 |
620-568-26 |
172 |
46 |
132 |
691194 |
5351960 |
-217 |
620-568-27 |
170 |
-4 |
180 |
691194 |
5351960 |
-217 |
620-568-28 |
170 |
-12 |
192 |
691192 |
5351959 |
-219 |
620-568-29 |
168 |
-28 |
240 |
691194 |
5351960 |
-217 |
620-568-30 |
166 |
-1 |
171 |
691194 |
5351960 |
-217 |
620-568-31 |
163 |
-16 |
198 |
691193 |
5351959 |
-219 |
620-568-32 |
163 |
-21 |
219 |
691193 |
5351959 |
-219 |
620-568-33 |
163 |
-32 |
264 |
691193 |
5351959 |
-219 |
620-568-36 |
157 |
-23 |
225 |
691193 |
5351959 |
-219 |
620-568-37 |
157 |
-29 |
240 |
691193 |
5351959 |
-219 |
620-568-38 |
153 |
-35 |
294 |
691193 |
5351959 |
-219 |
620-568-39 |
150 |
-27 |
240 |
691193 |
5351959 |
-219 |
620-568-40 |
145 |
69 |
159 |
691192 |
5351961 |
-215 |
620-568-41 |
169 |
-19 |
222 |
691193 |
5351959 |
-219 |
620-568-42 |
194 |
70 |
192 |
691192 |
5351961 |
-215 |
620-568-43 |
157 |
9 |
126 |
691193 |
5351959 |
-218 |
620-568-44 |
146 |
19 |
123 |
691193 |
5351959 |
-217 |
620-568-45A |
141 |
50 |
129 |
691194 |
5351960 |
-217 |
620-568-46 |
141 |
60 |
141 |
691193 |
5351961 |
-215 |
620-568-47 |
131 |
37 |
129 |
691194 |
5351960 |
-216 |
740-465-56 |
158 |
16 |
267 |
690236 |
5351584 |
-374 |
840-548-19 |
151 |
-23 |
240 |
691029 |
5351853 |
-464 |
840-548-21 |
149 |
21 |
210 |
691029 |
5351853 |
-464 |
840-548-22 |
166 |
-15 |
189 |
691028 |
5351852 |
-464 |
840-548-29 |
148 |
7 |
196 |
691029 |
5351853 |
-464 |
840-554-07 |
156 |
-44 |
333 |
691083 |
5351880 |
-464 |
840-554-08 |
152 |
9 |
198 |
691082 |
5351879 |
-463 |
840-554-09 |
150 |
-11 |
219 |
691082 |
5351879 |
-462 |
840-554-10 |
150 |
-22 |
243 |
691082 |
5351879 |
-463 |
840-554-11 |
150 |
-30 |
270 |
691082 |
5351879 |
-463 |
840-554-12 |
148 |
-35 |
288 |
691082 |
5351879 |
-463 |
840-554-13 |
148 |
-40 |
315 |
691082 |
5351879 |
-464 |
840-554-14 |
148 |
-44 |
354 |
691082 |
5351879 |
-464 |
840-560-01 |
159 |
-27 |
249 |
691139 |
5351903 |
-462 |
Note: UTM mine surface elevation 382 m
Photo accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3eb720c6-ba60-4311-a790-d69ac79c807c
https://www.globenewswire.com/NewsRoom/AttachmentNg/9bca3697-aaad-4f4f-8960-3f25d6385536
https://www.globenewswire.com/NewsRoom/AttachmentNg/3285eb34-873d-494b-a976-bb1e3f1ecfe5
https://www.globenewswire.com/NewsRoom/AttachmentNg/c5aa6357-7e75-4536-ac92-0115d78ec88b
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