Alamos Gold Inc(pre-merger) T.AGI

Alternate Symbol(s): AGI

Metals & Mining Gold

Alamos Gold Inc. is a Canada-based intermediate gold producer with diversified production from three operations in North America. This includes the Young-Davidson mine and Island Gold District in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. The Young-Davidson gold mine is located near the town of Matachewan, approximately 60 kilometers (km) west of Kirkland Lake in Northern Ontario, within the Abitibi Greenstone Belt. The Island Gold District is located just east of the town of Dubreuilville, 83 km northeast of Wawa in Northern Ontario. The Mulatos mine is located in the Sierra Madre Occidental Mountain range in the east-central portion of the State of Sonora, Mexico. The Lynn Lake project is located in northern Manitoba and consists of two primary sites, MacLellan and Gordon.

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Alamos Gold Inc(pre-merger)

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Post by Juniorspecmanon Apr 24, 2017 11:33am

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Post# 26157249

New Gold Discovery next to Young Davidson

Canada's Newest Gold Discovery

A New Gold Discovery in the Abitibi Greenstone Belt of Canada Aldershot

Aldershot Resources (ALZ.V) released results of a recently completed drill program on the Haultain discovery on the Gowganda gold project located 75 kilometres southwest of Kirkland Lake, Ont. Canada.

Highlights included 11.52 metres grading 1.63 grams per tonne (g/t) gold, including 6.21 g/t over 1.08 metres and 5.41 g/t over 1.03 metres.

"The recent drill program has indicated there is a gold system on the Gowganda gold project that merits additional exploration. The work from the previous program is telling us to go deeper and drill along strike along a NW shear corridor around the Annie's Ladder zone," stated Greg Collins, PGeo, chief operating officer of Transition Metals Corp., who is the supervising geologist overseeing the exploration on the property on behalf of Aldershot.

The grades that Aldershot drilled are very comparable to what Alamos is mining at the Young Davidson.

Aldershot Drill Highlights

Drilled (2017) 11.52 m of 1.63 g/t Gold incl. 1.08 m of 6.21 g/t Gold

Drilled (2011)
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

The Young Davidson Mine

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