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Alamos Gold extends high-grade gold mineralization at Island Gold

Jan 27, 2021

“These latest results conclude another successful drilling campaign in 2020," said John A. McCluskey, President and Chief Executive Officer. "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.”

Alamos Gold Inc. has 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.

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.

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