{"id":1160406,"date":"2020-01-16T16:36:00","date_gmt":"2020-01-16T22:36:00","guid":{"rendered":"https:\/\/www.mining.com\/?p=1011468"},"modified":"2020-01-16T16:36:00","modified_gmt":"2020-01-16T22:36:00","slug":"alamos-steps-out-at-island-gold","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1160406","title":{"rendered":"Alamos steps out at Island Gold"},"content":{"rendered":"<p>The latest exploration release from Alamos Gold\u2019s Island Gold mine suggests presence of high-grade mineralization up to 200 metres outside of the current resource limits. The company reported intercepts from three gold-bearing zones below and to the east of existing mine workings.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>Drill highlights include:<\/p>\n<ul>\n<li>3.81 metres of 121.32 g\/t gold and 2.57 metres of 108.17 g\/t gold from down-plunge of the main extension of the Island Gold mineralization. These intercepts are up to 80 metres east of current resources and represent a 50-metre step out of the latest mineralized traces;<\/li>\n<li>9.01 metres of 21.28 g\/t gold and 4.38 metres of 28.5 g\/t gold from a new mineralized area between the main and eastern extensions of the Island Gold orebody which has been traced over 350 metres of strike and for 300 vertical metres; and<\/li>\n<li>4.68 metres of 32.19 g\/t gold and 3.24 metres of 20.18 g\/t gold from the eastern extension of the deposit which is located above this new zone. These intersections are 170 metres to the east of latest resources.<\/li>\n<\/ul>\n<p>Based on the continuity of mineralization and the density of drill intercepts, Alamos expects to estimate an inferred resource for the new zone. The year-end resource and reserve update for the asset is expected in February.<\/p>\n<p>\u201cWe had another exceptional year at Island Gold, operationally, financially and through the drill bit,\u201d said John McCluskey, the company\u2019s president and CEO, in a release. \u201cWe expect further growth in Island Gold\u2019s mineral reserves and resources with our year-end update. This growth will be incorporated into the phase III expansion study which we plan to complete during the second quarter of 2020.\u201d<\/p>\n<p>Last year, the underground mine produced 150,400 oz. of gold, a new record for the asset. In September 2018, Alamos completed the first mill expansion, to 1,100 t\/d, and received a permit for a second build-out, to 1,200 t\/d, in May of 2019. The study evaluating a third expansion is expected in the first half of this year.<\/p>\n<p>The total exploration budget for Island Gold this year stands at C$21 million, for both surface and underground exploration. The company plans to continue testing the continuity of the new mineralized zone between the main and eastern extensions of the Island Gold orebody.<\/p>\n<p>Current proven and probable reserves for Island Gold currently total 3 million tonnes grading 10.28 g\/t gold for a total of 1 million oz.<\/p>\n<p><em>(This article first appeared in the <\/em><a href=\"http:\/\/www.canadianminingjournal.com\/\"  rel=\"noreferrer noopener\"><em>Canadian Mining Journal<\/em><\/a><em>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest exploration release suggests presence of high-grade mineralization up to 200 metres outside of the current resource limits.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1160406"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1160406"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1160406\/revisions"}],"predecessor-version":[{"id":1160407,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1160406\/revisions\/1160407"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1160406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1160406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1160406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}