GREY:YSSCF - Post by User
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STOCKRUSon Apr 21, 2017 12:02am
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Post# 26147026
RE:Best stock buy in Abitibi Goldbelt
RE:Best stock buy in Abitibi GoldbeltYes this unkown jr gold explorer has had some very good success with recent drilling and discovering mineable grades in an area with many mines in production.
Note : ALZ.V is very close to one of Canada's largests gold mine the "Young Davidson Mine" owned 100 % by Alamos Gold Inc ( AGI.T) a major trading at $10.00 / share on the TSX.
As one can see the grades that ALZ drilled are very comparable to what Alamso is mining at the Young Davidson.
Are we looking at the next Young Davidson at a early stage, don't know at this point but indicators look good. (2017) Drilled 11.52 m of 1.63 g/t Gold incl. 1.08 m of 6.21 g/t Gold (2011)
Drilled
- 2.4 g/t over 7.1 m
- 4.7 g/t over 3.1 m
- 82.5 g/t over 0.4 m
- 1.6 g/t over 11.7 m
Young-Davidson Mine
| Ownership | 100% |
| Location | Ontario, Canada |
| Status | Operating |
| Operation | Underground |
| Commodity | Gold |
| ANNUAL OPERATING DATA | | 2015A | 2016A | 2017E |
| Production | oz Au | 160,358 | 170,000 | 200,000 - 210,000 |
| Cost of Sales2 | US$/oz | $1,162 | $1,087 | $1,050 |
| Total Cash Costs1 | US$/oz | $683 | $657 | $625 |
| Mine-Site All-in Sustaining Costs1 | US$/oz | $986 | $897 | $775 |
| | TONNES
(000) | GRADE
(g/t Au) | CONTAINED
OUNCES |
| Proven & Probable Reserves | 43,220 | 2.65 | 3,687,000 |
| Measured & Indicated Resources3 | 12,531 | 3.09 | 1,246,000 |
| Inferred Resources | 3,555 | 2.75 | 314,000 |
2Cost of sales includes mining and processing costs, royalties and amortization.
3M&I resources exclusive of Reserves.
Please see 2016 year end Reserves and Resources statement for additional detail.
