Alamos Gold Inc. Reports Record Third Quarter Production Results, Provides Operations and Exploration Updates, and Notice of Q3-2009 Financial Results and Conference Call
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TORONTO, ONTARIO--(Marketwire - Oct. 8, 2009) - Alamos Gold Inc. (TSX: AGI) ("Alamos" or the "Company") is pleased to report that in the third quarter ending September 30, 2009, it produced a third quarter record of 42,500 ounces of gold at an expected total cash cost below $335 per ounce, which includes a 5% royalty.
Key operational metrics and production statistics for the third quarter of 2009 compared to the third quarter of 2008, and on a year-to-date basis to September 30, 2009 are presented in tables 1 and 2 at the end of this press release.
The Company is also providing a brief update on mine operations and exploration activities, and is announcing that it expects to release its third quarter 2009 financial results on Thursday, November 5, 2009 before the market opens. Senior management will host a conference call at 11:00AM EST (8:00AM PST) that day.
All amounts are in United States dollars unless stated otherwise.
Operations Update
Gold production at the Company's Mulatos Mine continues to exceed budgeted levels, with 130,500 ounces of gold produced to the end of the third quarter at an expected total cash cost of less than $335 (including a 5% royalty). Production during the third quarter has historically been challenging for the Company due to heavy seasonal rainfall. However, the Company has implemented a number of procedures to mitigate the adverse effects of heavy rainfall, and believes that these initiatives have been effective.
Mining operations continue to benefit from positive grade reconciliation relative to the block model. The Company also continues to encounter substantially less waste in the pit than predicted by the block model, as evidenced by a low waste-to-ore ratio of 0.65 during the quarter (1.04 on a year-to-date basis as at September 30, 2009). Gold recoveries have also increased on a year-over-year basis, resulting from a variety of operating initiatives, including a finer and more consistent product size being stacked on the heap, drum agglomeration, inter-lift liners, and use of the stacker-conveyor system.
The Company's next initiative for improving gold recoveries and increasing production is the closing of the crushing circuit, which will result in all ore being stacked on the leach pad passing a 3/8-inch screen. Laboratory studies indicate that finer crushing may result in a four to seven percentage-point increase in recovery. The closing of the crushing circuit is over 45% complete and is scheduled to be completed by the end of November 2009.
During the quarter, the Company retained a contractor to remove the waste overlying the Escondida high-grade zone, Main Escondida zone, and Puerto del Aire ("PdA") zones of the Mulatos Pit. The contractor's camp has been constructed and the majority of the contractor's earth moving equipment has been delivered to site. Development activities have commenced. The Company continues to expect production from the Escondida high-grade mill to commence in the fourth quarter of 2011.
The Company has also retained external consultants to prepare a scoping study evaluating the expected capital costs and benefits associated with increasing crusher throughput up to 33% from the current level of approximately 750 tonnes per hour to 1,000 tonnes per hour. A substantial amount of progress has been made and a significant increase in crusher throughput should result in a higher rate of gold production and correspondingly lower costs per ounce than would otherwise be possible at existing throughput levels. The Company expects to be able to share the findings of the scoping study before the end of 2009.
Mulatos Exploration Update
The Company's 2009 exploration program continues at a record pace with 16,700 metres ("m") of drilling in 71 holes completed during the quarter. Total drilling completed to the end of the third quarter was 55,165 m in 279 holes. Drilling during the quarter focused on definition drilling at Gap and expanding the areas of known mineralization at the Puerto del Aire ("PdA") Extension. The location of near-pit exploration projects are identified in Figure 1.
To view Figure 1: Mulatos Pit Area, please visit the following link: http://media3.marketwire.com/docs/mula.jpg
An ongoing definition and infill drilling program at Gap has demonstrated the continuity of gold-bearing silicified units, which should result in the majority of the inferred resources at Gap being converted to the measured and indicated categories. Mineralized intervals typically grade in the 1 to 2 grams of gold per tonne ("g/t Au") range and drilling continues to identify higher grade material that may be suitable for milling. Relevant assay results and drill hole collar data are presented in tables 3 and 4, respectively.
All assays from the first quarter 2009 PdA infill program have been received. Drill intercepts at PdA typically contain 1 to 2 g/t Au over thicknesses of 50 m to 100 m. Drilling continues to encounter intervals of high-grade mineralization which confirms the robustness of the zone.
Drilling at the PdA Extension continues to reveal the presence of a very large system of intense silica alteration concealed by post-mineral volcanic cover that has characteristics similar to both the high-grade Escondida and PdA zones. The results from widely spaced drill holes suggest that the zone remains open in all directions and appears to have a minimum drill-indicated strike length of 750 m, a width of at least 200 m, and ranges in thickness from 25 to 125 m. In the areas where drilling has been completed, mineralization typically begins about 175 to 200 m below surface and generally grades in the 1 to 3 g/t Au range, with localized zones of high-grade material. Relevant assay results and drill hole collar data from the PdA and PdA Extension are presented in tables 5 and 6, respectively.
At Cerro Pelon, Alamos has received the all remaining assay results from the 25 m-centre definition drilling that was completed during the second quarter. Drilling has delineated a continuous oxidized zone of gold-bearing vuggy silica that is approximately 250 m long, 30 to 80 m in width, and 70 to 150 m thick at an average grade between 2 and 3 g/t Au.
Detailed geological modelling was completed in late September and three-dimensional modelling in preparation for a resource estimate will begin shortly. Modelling indicates that certain areas of the oxide mineralization may remain open for expansion. The initial resource estimate for Cerro Pelon is expected to be completed during the fourth quarter and the majority of resources are anticipated to be classified in the measured and indicated categories. Assay results and drill hole collar data received during the third quarter are presented in tables 7 and 8, respectively.
The Company currently has three reverse circulation ("RC") rigs completing a definition and in-fill drilling program on 25-m spacings at Gap. Exploration activities in the fourth quarter will focus on completing the Gap drilling in order to meet the deadline for the Company's 2009 Reserve and Resource Statement. Once drilling is completed at Gap, the RC rigs are planned to return to the PdA Extension before moving onto the San Carlos, El Halcon, El Carricito, or East Estrella projects in late 2009 or early 2010.
Notice of Q3 2009 Financial Results and Conference Call
Alamos expects to release its third quarter 2009 financial results on Thursday, November 5, 2009 before the open of the TSX.
The Company's senior management will host a conference call on Thursday, November 5, 2009 at 11:00AM EST (8:00AM PST) to discuss the financial results and to provide an update of the Company's operating, exploration, and development activities.
The conference call may be accessed via webcast or telephone as follows:
Via webcast:
A live audio webcast of the meeting will be available on the Company's website at www.alamosgold.com.
Via telephone:
For those preferring to listen to the conference call via telephone, please dial (416) 340-8410 or toll-free at 1 (866) 225-2055 if you are calling from outside the Greater Toronto Area. To ensure your participation, please call at least five minutes prior to the scheduled start of the call.
Instant replay archive:
Please dial (416) 695-5800 or the toll-free access number 1 (800) 408-3053, pass code 1464468, followed by the # key.
The conference call should be available for replay from Thursday, November 5, 2009 at 1:00PM EST to Thursday, November 19, 2009 at 11:59 PM EST.
The webcast will be archived for 180 days on the Company's website.
QA/QC Programs
Mulatos exploration programs are conducted under the supervision of Herve Thiboutot, P.Eng., Vice President Exploration of the Company, and by Ken Balleweg, B.Sc. Geological Engineering, M.Sc. Geology, Registered Professional Geologist, Mexico Exploration Manager. Both are Qualified Persons as defined by National Instrument 43-101 of the Canadian Securities Administrators. Strict sampling and QA/QC protocol are followed, including the insertion of standards, blanks, and duplicates on a regular basis. Sample intervals are usually 1.5 m. Samples are sent to ALS Chemex Inc. in Hermosillo, Mexico for sample preparation and then to Vancouver, British Columbia for analysis. Analytical method is fire assay with atomic adsorption finish and gravimetric finish for individual samples with a gold concentration greater than 5.0 g/t Au. Composites presented in the assay results tables include intervals at greater than 0.5 g/t Au over a 3-m minimum width, no assay are cut unless indicated.
About Alamos
Alamos is a Canadian-based gold producer with operations, exploration, and development activities in Mexico. The Company employs over 400 people in Mexico and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighbouring communities. Alamos has over $150 million United States dollars on hand, is debt free, and unhedged to the price of gold. Alamos' common shares are traded on the Toronto Stock Exchange under the symbol "AGI".
Cautionary Non-GAAP Statements
The Company believes that investors use certain indicators to assess gold mining companies. They are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared with GAAP. "Total cash costs" as used in this analysis is a non-GAAP term typically used by gold mining companies to assess the level of gross margin available to the Company per ounce of gold by subtracting these costs from the unit price realized during the period. This non-GAAP term is also used to assess the ability of a mining company to generate cash flow from operations. There may be some variation in the method of computation of "total cash costs" as determined by the Company compared with other mining companies. In this context, "total cash costs" reflects the per ounce cash operating costs allocated from in-process and dore inventory associated with ounces of gold sold in the period, plus applicable royalties. "Total cash costs" may vary from one period to another due to operating efficiencies, waste-to-ore ratios, grade of ore processed, gold recovery rates and gold prices during the period.
Cautionary Note
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including without limitation statements regarding forecast gold production, gold grades, recoveries, waste-to-ore ratios, total cash costs, potential mineralization and reserves, exploration results, and future plans and objectives of Alamos, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable reserves, and other information that is based on forecasts of future operational 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 which 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 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 reserves.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Alamos' expectations include, among others, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of gold and silver, as well as those factors discussed in the section entitled "Risk Factors" in Alamos' Annual Information Form. Although Alamos has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
To view Figure 1: Mulatos Pit Area, please visit the following link: http://media3.marketwire.com/docs/mula.jpg
Table 1: Production Summary & Statistics (1,2)
----------------------------------------------------------------------------
Q3 Q3 Change YTD
2009 2008 (%) 2009
----------------------------------------------------------------------------
Ounces of Gold Produced (3) 42,500 39,900 7% 130,500
Ore Mined (tonnes, 000s) 1,155 1,168 (1%) 2,073 Waste Mined (tonnes, 000s) 751 1,399 (46%) 2,613
----------------------------------------------------------------------------
Total Material (tonnes, 000s) 2,107 2,567 (26%) 4,686 Waste-to-Ore Ratio (x) 0.65 1.20 (46%) 1.04 Ore Crushed (tonnes, 000s) 1,119 1,133 (1%) 3,239 Grade (g/t Au) 1.68 1.98 (15%) 1.77
----------------------------------------------------------------------------
Contained Ounces Stacked 60,439 72,123 (16%) 185,455 Ratio of Gold Production to Contained Ounces Stacked (%) 70% 55% 27% 70%
(1) All amounts for Q3-2009 and 2009 YTD are preliminary and based on
initial end of period estimates. Final
adjustments may be required.
(2) Certain numbers may not compute due to the effects of rounding and
truncation.
(3) Before final refinery settlements, which may result in increases or
decreases to reported gold production.
Table 2: Summary of Gold Sales and Costs (1)
----------------------------------------------------------------------------
Q3 Q3 Change YTD
2009 2008 (%) 2009
----------------------------------------------------------------------------
Gold Sales (ounces) 43,201 41,293 5% 128,679
Realized Gold Price Per Ounce $956 $901 6% $923 ---------------------------------------------------------------------------- Revenues (000s)
$41,283 $37,207 11% $118,781 Total Cash Cost per Ounce Sold less than less than (2) $335 $405 (17%) $335 Average London PM Fix $960 $872 10% $931
(1) Certain numbers may not compute due to the effects of rounding and
truncation.
(2) Total cash costs for Q3-2009 and YTD 2009 are preliminary estimates.
Final adjustments may be required.
Table 3: Gap and Escondida - Select Composite Intervals Include intervals at greater than 0.5 g/t Au over a 3m minimum width, no assay cut (unless indicated)
----------------------------------------------------------------------------
Drill Hole Total
(Azimuth/ Drilling Depth From To Interval Grade
Inclination) Method (m) (m) (m) (m) (g/t Au) ----------------------------------------------------------------------------
170.69 177.30 6.61 0.70
09EE056 182.88 189.35 6.47 1.28
325 degrees/ Core 266.85 198.12 211.84 13.72 1.21
-65 degrees 216.41 236.22 19.81 0.74
239.27 259.08 19.81 0.89
---------------------------------------------------------------------------- 09EE060 166.90 181.36 14.46 4.90
325 degrees/ Core 255.35 Inc. 175.26 178.31 3.05 16.90 -50 degrees
217.40 241.90 24.50 0.61 ---------------------------------------------------------------------------- 09EE066 164.20 169.16 4.96 0.87
0 degrees/ Core 199.00 173.74 176.78 3.05 0.70 -90 degrees
179.83 193.55 13.72 1.45
----------------------------------------------------------------------------
09EE067
0 degrees/ Core 135.64 143.00 7.36 0.71 -90 degrees 198.25 156.67 170.69 14.02 0.62
----------------------------------------------------------------------------
09EE069
0 degrees/ Core 201.30 131.75 149.10 17.35 1.50 -90 degrees
195.07 201.30 6.23 0.59 ---------------------------------------------------------------------------- 09EE071 121.70 126.49 4.79 3.66
0 degrees/ Core 201.10 144.78 173.74 28.96 0.72 -90 degrees
185.93 195.07 9.14 2.07 ----------------------------------------------------------------------------
144.78 160.20 15.42 1.14
172.21 196.60 24.38 1.27
201.17 207.45 6.28 0.88
09EE073 210.31 220.98 10.67 0.88
325 degrees/ Core 304.45 230.85 249.94 19.09 0.94
-70 degrees 252.98 257.56 4.57 1.03
260.60 263.65 3.05 1.12
266.70 278.89 12.19 1.25
----------------------------------------------------------------------------
09EE074
0 degrees/ 204.22 217.20 12.99 14.34
-90 degrees Core 253.15 Inc. 208.79 213.36 4.57 39.30 ----------------------------------------------------------------------------
151.76 161.59 9.83 1.28
164.40 175.30 10.90 1.10
09EE076 179.88 193.60 13.72 1.11
0 degrees/ Core 247.05 196.65 204.27 7.62 0.60
-90 degrees 207.16 209.53 2.37 1.35
216.46 222.45 5.99 1.26
----------------------------------------------------------------------------
09EE077
0 degrees/ -90 degrees Core 240.60 No Intervals ----------------------------------------------------------------------------
141.25 144.78 3.53 0.83
09EE079 156.97 188.98 32.00 0.72
145 degrees/ Core 237.15 201.17 210.31 9.14 0.73
-80 degrees 214.88 220.98 6.10 0.86
228.20 236.22 8.02 0.82
----------------------------------------------------------------------------
09EE082
0 degrees/ 139.15 147.83 8.68 0.83
-90 degrees Core 240.40 197.50 201.17 3.67 0.98 ----------------------------------------------------------------------------
160.02 169.16 9.14 5.23
09EE085 Inc. 162.80 166.12 3.32 11.91
325 degrees/ Core 220.00 171.40 179.83 8.43 0.78 -80 degrees
187.45 202.69 15.24 2.22 ---------------------------------------------------------------------------- 09EE091 184.45 205.79 21.34 0.80 0 degrees/ 213.41 227.60 14.19 0.85 -90 degrees Core 250.00 234.76 239.33 4.57 1.51 ---------------------------------------------------------------------------- 09EE098 325 degrees/ -80 degrees Core 216.55 159.60 201.17 41.57 1.50 ---------------------------------------------------------------------------- 09EE102 155.10 158.54 3.44 1.30
325 degrees/ Core 185.80 163.11 166.16 3.05 0.64 -70 degrees
171.95 178.35 6.40 1.18
----------------------------------------------------------------------------
09EE107
325 degrees/ -60 degrees Core 176.90 140.21 143.26 3.05 0.73 ----------------------------------------------------------------------------
89.00 92.42 3.42 1.26
118.87 125.60 6.73 1.40
09EE111 132.59 143.26 10.67 0.76
325 degrees/ Core 191.40 146.30 153.92 7.62 1.12
-70 degrees 156.97 161.54 4.57 0.65
166.12 170.69 4.57 0.64
---------------------------------------------------------------------------- 09EE144 210.37 213.41 3.04 1.26
325 degrees/ RC 306.40 221.04 224.09 3.05 0.97 -80 degrees
297.26 304.88 7.62 4.97
----------------------------------------------------------------------------
09EE146
325 degrees/ 217.99 224.09 6.10 1.34 -75 degrees RC 304.88 233.23 236.28 3.05 0.76 ---------------------------------------------------------------------------- 09EE147 325 degrees/ -80 degrees RC 309.45 259.15 260.67 1.52 23.00 ---------------------------------------------------------------------------- 09EE148 0 degrees/ 158.54 167.68 9.14 6.78 -90 degrees RC 243.90 189.02 199.70 10.68 0.75 ---------------------------------------------------------------------------- 09EE151 325 degrees/ -80 degrees RC 228.66 167.68 181.40 13.72 1.09 ---------------------------------------------------------------------------- 09EE152 169.21 179.88 10.67 0.90 325 degrees/ 185.98 199.70 13.72 0.16 -70 degrees RC 243.90 205.79 216.46 10.67 1.08 ---------------------------------------------------------------------------- 09EE153 325 degrees/ -65 degrees RC 228.66 199.70 204.27 4.57 0.71 ---------------------------------------------------------------------------- 09EE154 134.15 137.20 3.05 0.58
0 degrees/ RC 182.93 140.24 150.91 10.67 1.21 -90 degrees
157.01 161.59 4.58 1.20 ---------------------------------------------------------------------------- 09EE155 161.59 166.16 4.57 1.20
0 degrees/ RC 243.90 181.40 204.27 22.87 0.82 -90 degrees
207.32 219.51 12.19 0.84
----------------------------------------------------------------------------
09EE156
325 degrees/ -60 degrees RC 213.41 157.01 163.11 6.10 0.91 ----------------------------------------------------------------------------
114.33 118.90 4.57 0.74
09EE157 146.34 152.44 6.10 0.70
325 degrees/ RC 198.17 155.49 178.35 22.86 1.03 -70 degrees
187.50 190.55 3.05 0.85 ---------------------------------------------------------------------------- 09EE158 62.50 67.07 4.57 0.79
0 degrees/ RC 121.95 79.27 94.51 15.24 0.96 -90 degrees
103.66 106.71 3.05 0.65
----------------------------------------------------------------------------
39.63 42.68 3.05 0.96
09EE159 48.78 68.60 19.82 0.76
325 degrees/ RC 137.20 71.65 80.79 9.14 0.84 -80 degrees
92.99 96.04 3.05 1.22 ---------------------------------------------------------------------------- 09EE160 3.05 7.62 4.57 0.51
145 degrees/ RC 137.20 35.06 38.11 3.05 0.92 -75 degrees
88.41 105.18 16.77 1.02 ----------------------------------------------------------------------------
57.93 62.50 4.57 1.22
09EE161 92.99 99.09 6.10 0.96
145 degrees/ RC 182.93 114.33 150.91 36.58 2.45
-60 degrees Inc.126.52 129.57 3.05 10.62
164.63 170.73 6.10 0.76
----------------------------------------------------------------------------
09EE162
325 degrees/ 35.06 41.16 6.10 0.81
-60 degrees RC 121.95 77.74 80.79 3.05 2.32 ----------------------------------------------------------------------------
38.11 47.26 9.15 7.85
09EE163 123.48 126.52 3.04 1.02
325 degrees/ RC 172.26 141.77 150.91 9.14 1.28
-70 degrees 157.01 164.63 7.62 0.88
167.68 172.26 4.58 1.81
----------------------------------------------------------------------------
09EE164
0 degrees/ -90 degrees RC 137.20 117.38 121.95 4.57 0.82 ----------------------------------------------------------------------------
24.38 83.84 59.46 1.40
09EE165 94.51 109.76 15.25 0.57
325 degrees/ RC 182.93 128.05 135.67 7.62 0.71 -80 degrees
153.96 157.01 3.05 0.52 ----------------------------------------------------------------------------
Table 4: Gap and Escondida -- Drill Hole Collar Data ---------------------------------------------------- Drill Total Depth Easting Northing
Hole (m) (m) (m)
----------------------------------------------------
09EE056 266.85 721,618 3,172,112 ---------------------------------------------------- 09EE060 258.40 721,618 3,172,112 ---------------------------------------------------- 09EE066 199.00 721,617 3,172,249 ---------------------------------------------------- 09EE067 198.25 721,483 3,172,282 ---------------------------------------------------- 09EE069 201.30 721,582 3,172,075 ---------------------------------------------------- 09EE071 201.10 721,575 3,172,215 ---------------------------------------------------- 09EE073 304.45 721,581 3,172,076 ---------------------------------------------------- 09EE074 253.15 721,442 3,172,241 ---------------------------------------------------- 09EE076 247.05 721,480 3,172,176 ---------------------------------------------------- 09EE077 240.60 721,428 3,172,183 ---------------------------------------------------- 09EE079 237.15 721,478 3,172,178 ---------------------------------------------------- 09EE082 240.40 721,557 3,172,070 ---------------------------------------------------- 09EE085 220.00 721,622 3,172,188 ---------------------------------------------------- 09EE091 250.00 721,470 3,172,111 ---------------------------------------------------- 09EE098 216.55 721,686 3,172,245 ---------------------------------------------------- 09EE102 185.80 721,685 3,172,245 ---------------------------------------------------- 09EE107 176.90 721,571 3,172,214 ---------------------------------------------------- 09EE111 191.40 721,800 3,172,304 ---------------------------------------------------- 09EE144 306.40 721,460 3,172,012 ---------------------------------------------------- 09EE146 304.88 721,460 3,172,012 ---------------------------------------------------- 09EE147 309.45 721,388 3,171,977 ---------------------------------------------------- 09EE148 243.90 721,706 3,172,218 ---------------------------------------------------- 09EE151 228.66 721,731 3,172,251 ---------------------------------------------------- 09EE152 243.90 721,703 3,172,172 ---------------------------------------------------- 09EE153 228.66 721,730 3,172,251 ---------------------------------------------------- 09EE154 182.93 721,619 3,172,304 ---------------------------------------------------- 09EE155 243.90 721,469 3,172,113 ---------------------------------------------------- 09EE156 213.41 721,748 3,172,271 ---------------------------------------------------- 09EE157 192.07 721,797 3,172,305 ---------------------------------------------------- 09EE158 121.95 721,794 3,172,434 ---------------------------------------------------- 09EE159 137.20 721,862 3,172,431 ---------------------------------------------------- 09EE160 137.20 721,794 3,172,433 ---------------------------------------------------- 09EE161 182.93 721,794 3,172,432 ---------------------------------------------------- 09EE162 121.95 721,862 3,172,432 ---------------------------------------------------- 09EE163 172.26 721,774 3,172,362 ---------------------------------------------------- 09EE164 137.20 721,909 3,172,306 ---------------------------------------------------- 09EE165 182.93 721,884 3,172,390 ----------------------------------------------------
Table 5: PdA and PdA Extension - Select Composite Intervals Include intervals at greater than 0.5 g/t Au over a 3m minimum width, no assay cut (unless indicated)
----------------------------------------------------------------------------
Drill Hole Total
(Azimuth/ Drilling Depth From To Interval Grade
Inclination) Method (m) (m) (m) (m) (g/t Au) ----------------------------------------------------------------------------
163.11 176.83 13.72 12.42
08PA078 Core Inc. 169.21 173.78 4.57 33.62
330 degrees/ (PdA Ext) 311.10 179.80 201.22 21.42 2.61 -80 degrees
207.32 233.23 25.91 1.17
----------------------------------------------------------------------------
08PA082
330 degrees/ Core -63 degrees (PdA Ext) 271.45 223.69 230.18 6.49 3.34 ---------------------------------------------------------------------------- 08PA083 0 degrees/ Core 196.65 201.22 4.57 1.19
-90 degrees (PdA Ext) 265.35 240.49 248.25 7.76 1.57 ---------------------------------------------------------------------------- 08PA084
247.71 276.32 28.61 3.50 330 degrees/ Core 298.65 Inc. 259.15 265.24 6.09 5.81 -60 degrees (PdA Ext) Inc. 271.34 274.39 3.05 6.26 ---------------------------------------------------------------------------- 08PA087 330 degrees/ Core -70 degrees (PdA Ext) 271.55 217.99 221.04 3.05 0.78 ----------------------------------------------------------------------------
179.83 188.98 9.14 4.26
Inc. 182.88 185.93 3.05 8.03
08PA088 Core 192.02 203.52 11.50 1.51
330 degrees/ (PdA Ext) 326.20 207.26 210.31 3.05 0.62
-50 degrees 214.88 291.08 76.20 1.62
Inc. 272.80 278.89 6.10 3.97
297.18 303.28 6.10 1.08
----------------------------------------------------------------------------
109.35 114.30 4.95 0.67
08PA089 Core 126.49 178.31 51.82 1.58
330 degrees/ (PdA Ext) 264.15 181.36 192.02 10.67 0.93
-60 degrees 195.07 201.17 6.10 1.53
242.32 245.36 3.05 1.23
----------------------------------------------------------------------------
08PA091
180 degrees/ Core -50 degrees (PdA Ext) 264.05 No Intervals ---------------------------------------------------------------------------- 08PA102 0 degrees/ Core -90 degrees (PdA Ext) 286.70 No Intervals ---------------------------------------------------------------------------- 09PA120 330 degrees/ Core 243.90 251.52 7.62 5.29 -80 degrees (PdA Ext) 316.85 Inc. 248.48 251.52 3.05 10.52 ---------------------------------------------------------------------------- 09PA126 330 degrees/ Core -60 degrees (PdA Ext) 322.80 No Intervals ----------------------------------------------------------------------------
71.65 80.79 9.14 1.21
96.04 100.61 4.57 1.13
09PA128 Core 103.66 106.71 3.05 1.26
330 degrees/ (PdA Ext) 204.25 121.95 141.77 19.82 1.65
-80 degrees 144.69 161.13 16.44 2.14
162.44 169.21 6.77 2.21
172.26 181.40 9.14 1.11
----------------------------------------------------------------------------
09PA130
150 degrees/ Core -80 degrees (PdA Ext) 257.80 230.18 233.23 3.05 1.62 ---------------------------------------------------------------------------- 09PA132 0 degrees/ Core -90 degrees (PdA) 324.55 No intervals ---------------------------------------------------------------------------- 09PA137 213.36 217.93 4.57 1.05 330 degrees/ Core 220.60 228.00 7.40 0.78
-50 degrees (PdA) 283.40 251.46 259.08 7.62 0.56
262.50 271.27 8.77 3.60
----------------------------------------------------------------------------
09PA142
330 degrees/ Core -55 degrees (PdA) 231.00 211.20 216.41 5.21 2.31 ----------------------------------------------------------------------------
213.36 217.93 4.57 5.01
09PA151 236.22 242.32 6.10 1.95
0 degrees/ RC 257.56 266.70 9.14 0.74
+90 degrees (PdA) 304.80 277.37 281.94 4.57 0.65
284.99 300.23 15.24 0.69
----------------------------------------------------------------------------
09PA152
0 degrees/ RC -90 degrees (PdA) 323.09 320.04 323.09 3.05 0.73 ----------------------------------------------------------------------------
236.22 239.27 3.05 0.87
246.89 262.13 15.24 0.58
266.70 269.75 3.05 0.62
09PA153 RC 274.32 291.08 16.76 1.31
0 degrees/ (PdA) 358.14 294.13 310.90 16.76 0.76
-90 degrees 330.71 333.76 3.05 0.80
339.85 347.47 7.62 0.70
353.57 358.14 4.57 0.63
----------------------------------------------------------------------------
09PA154
330 degrees/ RC -70 degrees (PdA) 233.17 220.98 224.03 3.05 0.97 ---------------------------------------------------------------------------- 09PA155 0 degrees/ RC -90 degrees (PdA) 364.24 349.00 353.57 4.57 0.73 ---------------------------------------------------------------------------- 09PA156A 217.93 240.79 22.86 1.13 0 degrees/ RC 249.94 281.94 32.00 1.12
-90 degrees (PdA) 304.80 297.18 300.23 3.05 0.59 ----------------------------------------------------------------------------
245.36 251.46 6.10 0.66
09PA157 260.60 268.22 7.62 1.86
0 degrees/ RC 271.27 306.32 35.05 1.77
-90 degrees (PdA) 320.00 Inc. 271.27 274.32 3.05 6.76
----------------------------------------------------------------------------
09PA158
0 degrees/ RC
-90 degrees (PdA) 277.37 No Intervals
----------------------------------------------------------------------------
09PA159
330 degrees/ RC 265.18 294.13 28.96 2.80
-80 degrees (PdA) 321.56 Inc. 274.32 278.89 4.57 6.60
----------------------------------------------------------------------------
09PA160
0 degrees/ RC
-90 degrees (PdA) 303.28 No Intervals
----------------------------------------------------------------------------
09PA161 272.80 275.84 3.05 0.67
0 degrees/ RC 303.28 306.32 3.05 0.80
-90 degrees (PdA) 373.38 323.09 338.33 15.24 0.91 ----------------------------------------------------------------------------
252.98 275.84 22.86 3.32
09PA162 Inc. 260.60 269.75 9.14 5.01
330 degrees/ RC 281.94 286.51 4.57 0.80
-70 degrees (PdA) 355.09 291.08 295.66 4.57 2.21
298.70 344.42 45.72 1.85
----------------------------------------------------------------------------
173.74 178.31 4.57 1.02
09PA163 198.12 262.13 64.01 1.39
0 degrees/ RC 330.71 266.70 297.18 30.48 0.95
-90 degrees (PdA) 306.32 312.42 6.10 0.88
315.47 320.04 4.57 0.51
----------------------------------------------------------------------------
09PA164
330 degrees/ RC 310.90 327.66 16.76 1.82
-80 degrees (PdA) 376.43 358.14 362.71 4.57 0.68 ---------------------------------------------------------------------------- 09PA165
268.22 283.46 15.24 1.57
0 degrees/ RC 324.61 300.23 310.90 10.67 0.97 -90 degrees (PdA)
316.99 324.61 7.62 0.75
----------------------------------------------------------------------------
309.37 312.42 3.05 0.95
09PA166 315.47 318.52 3.05 0.60
330 degrees/ RC 361.19 388.62 27.43 1.31
-70 degrees (PdA) 394.72 391.67 394.72 3.05 2.10
----------------------------------------------------------------------------
09PA167
150 degrees/ RC
-75 degrees (PdA) 396.24 344.42 349.00 4.57 0.50
----------------------------------------------------------------------------
09PA168
330 degrees/ RC 355.21 298.80 304.90 6.10 0.92
-80 degrees (PdA) 309.47 339.96 30.49 0.93
----------------------------------------------------------------------------
09PA169 288.04 298.70 10.67 3.02
330 degrees/ RC 367.28 Inc. 288.04 291.08 3.05 8.94 -60 degrees (PdA)
303.28 307.85 4.57 0.57 ----------------------------------------------------------------------------
285.08 288.13 3.05 0.74
09PA170 297.28 303.38 6.10 0.54
0 degrees/ RC 329.29 309.47 312.52 3.05 0.54
-90 degrees (PdA) 320.15 326.24 6.10 8.33
Inc. 320.15 324.72 4.57 10.48
---------------------------------------------------------------------------- 09PA171 265.26 271.36 6.10 0.83
0 degrees/ RC 365.88 275.93 278.98 3.05 1.10 -90 degrees (PdA)
306.42 309.47 3.05 1.04
----------------------------------------------------------------------------
09PA173
0 degrees/ RC 298.80 205.81 208.86 3.05 0.83 -90 degrees (PdA)
239.35 245.44 6.10 0.53
----------------------------------------------------------------------------
09PA174
150 degrees/ RC 339.96 271.36 288.13 16.77 2.49 -75 degrees (PdA)
Inc. 272.89 275.93 3.05 8.82
----------------------------------------------------------------------------
09PA175
330 degrees/ RC
-82 degrees (PdA) 376.55 341.49 350.64 9.15 0.84
----------------------------------------------------------------------------
09PA176
330 degrees/ RC
-75 degrees (PdA) 361.31 323.19 327.77 4.57 0.72
----------------------------------------------------------------------------
312.52 324.72 12.20 2.59
09PA177 RC 358.26 Inc. 314.05 317.10 3.05 6.26
330 degrees/ (PdA) 329.29 343.01 13.72 1.41
-65 degrees 346.06 356.73 10.67 0.64
----------------------------------------------------------------------------
09PA178
150 degrees/ RC -80 degrees (PdA) 341.46 272.87 277.44 4.57 0.84 ---------------------------------------------------------------------------- 09PA179 150 degrees/ RC -70 degrees (PdA) 317.07 No Intervals ---------------------------------------------------------------------------- 09PA180 0 degrees/ RC 298.78 312.50 13.72 2.48
-90 degrees (PdA) 342.99 315.55 318.60 3.05 1.51 ----------------------------------------------------------------------------
Table 6: PdA and PdA Extension -- Drill Hole Collar Data ---------------------------------------------------- Drill Total Depth Easting Northing
Hole (m) (m) (m)
----------------------------------------------------
08PA078 311.10 721,405 3,171,582 ---------------------------------------------------- 08PA082 271.45 721,460 3,171,587 ---------------------------------------------------- 08PA083 265.35 721,532 3,171,579 ---------------------------------------------------- 08PA084 298.65 721,532 3,171,580 ---------------------------------------------------- 08PA087 271.55 721,422 3,171,460 ---------------------------------------------------- 08PA088 326.20 721,422 3,171,460 ---------------------------------------------------- 08PA089 264.15 721,174 3,171,442 ---------------------------------------------------- 08PA091 264.15 721,176 3,171,440 ---------------------------------------------------- 08PA102 286.70 721,430 3,171,729 ---------------------------------------------------- 09PA120 313.80 721,522 3,171,669 ---------------------------------------------------- 09PA126 322.80 721,522 3,171,670 ---------------------------------------------------- 09PA128 204.25 721,094 3,171,390 ---------------------------------------------------- 09PA130 257.80 721,394 3,171,700 ---------------------------------------------------- 09PA132 324.55 721,517 3,171,794 ---------------------------------------------------- 09PA137 280.35 721,432 3,171,583 ---------------------------------------------------- 09PA142 231.00 721,845 3,171,699 ---------------------------------------------------- 09PA151 304.80 721,718 3,171,739 ---------------------------------------------------- 09PA152 323.09 721,965 3,171,936 ---------------------------------------------------- 09PA153 358.14 721,769 3,171,793 ---------------------------------------------------- 09PA154 233.17 721,842 3,171,699 ---------------------------------------------------- 09PA155 364.24 722,058 3,171,944 ---------------------------------------------------- 09PA156 304.88 721,696 3,171,849 ---------------------------------------------------- 09PA156A 68.58 721,696 3,171,849 ---------------------------------------------------- 09PA157 320.04 721,913 3,171,799 ---------------------------------------------------- 09PA158 352.04 722,102 3,171,977 ---------------------------------------------------- 09PA159 321.65 721,911 3,171,797 ---------------------------------------------------- 09PA160 303.28 721,652 3,171,876 ---------------------------------------------------- 09PA161 373.38 722,045 3,171,845 ---------------------------------------------------- 09PA162 355.09 721,911 3,171,798 ---------------------------------------------------- 09PA163 330.71 721,662 3,171,793 ---------------------------------------------------- 09PA164 376.43 721,987 3,171,848 ---------------------------------------------------- 09PA165 324.61 721,816 3,171,842 ---------------------------------------------------- 09PA166 394.72 721,987 3,171,848 ---------------------------------------------------- 09PA167 396.24 722,102 3,171,977 ---------------------------------------------------- 09PA168 355.21 721,817 3,171,842 ---------------------------------------------------- 09PA169 367.40 721,910 3,171,796 ---------------------------------------------------- 09PA170 329.29 722,207 3,171,954 ---------------------------------------------------- 09PA171 365.76 722,127 3,171,829 ---------------------------------------------------- 09PA173 298.70 722,338 3,172,050 ---------------------------------------------------- 09PA174 339.94 722,055 3,172,091 ---------------------------------------------------- 09PA175 376.52 722,045 3,171,846 ---------------------------------------------------- 09PA176 361.28 722,207 3,171,956 ---------------------------------------------------- 09PA177 358.23 721,956 3,171,793 ---------------------------------------------------- 09PA178 341.46 721,804 3,172,005 ---------------------------------------------------- 09PA179 317.07 722,291 3,172,003 ---------------------------------------------------- 09PA180 342.99 722,263 3,171,899 ----------------------------------------------------
Table 7: Cerro Pelon - Select Composite Intervals Include intervals at greater than 0.5 g/t Au over a 3m minimum width, no assay cut (unless indicated) ---------------------------------------------------------------------------- Drill Hole Total
(Azimuth/ Drilling Depth From To Interval Grade
Inclination) Method (m) (m) (m) (m) (g/t Au) ----------------------------------------------------------------------------
18.90 23.50 4.60 0.69
09CP114 28.05 75.25 47.20 1.42
307 degrees/ Core 105.50 83.80 86.95 3.15 0.96 +25 degrees
98.20 104.30 6.10 0.96
----------------------------------------------------------------------------
09CP124
225 degrees/ 0.00 18.95 18.95 1.26
-25 degrees Core 60.85 22.05 31.40 9.35 1.47 ----------------------------------------------------------------------------
0.00 4.15 4.15 0.60
09CP126 63.65 77.35 13.70 2.39
230 degrees/ Core 112.40 81.85 95.65 13.80 0.95 -25 degrees
98.70 105.65 6.95 1.01
----------------------------------------------------------------------------
09CP127
230 degrees/ -50 degrees Core 69.80 No Intervals ---------------------------------------------------------------------------- 09CP128 230 degrees/ -25 degrees Core 124.75 77.10 97.23 20.13 2.06 ---------------------------------------------------------------------------- 09CP130 330 degrees/ -25 degrees Core 61.00 0.00 51.15 51.15 1.62 ---------------------------------------------------------------------------- 09CP131 0.00 21.65 21.65 4.11
330 degrees/ Core 76.25 23.80 69.85 46.05 3.60 -55 degrees
Inc. 55.80 61.90 6.10 9.00 ---------------------------------------------------------------------------- 09CP132 0.00 59.00 59.00 1.88
0 degrees/ Core 67.45 Inc.2.60 7.85 5.25 6.10 -90 degrees
62.05 67.45 5.40 1.10 ---------------------------------------------------------------------------- 09CP133 2.75 53.05 50.30 3.57
330 degrees/ Core 62.50 Inc. 2.75 16.45 13.70 6.66 -25 degrees
Inc. 35.05 39.60 4.55 5.64
----------------------------------------------------------------------------
09CP134
300 degrees/ 3.95 61.90 57.95 2.00
-55 degrees Core 61.90 Inc. 20.95 25.30 4.35 5.51 ----------------------------------------------------------------------------
Table 8: Cerro Pelon-- Drill Hole Collar Data ---------------------------------------------------- Drill Total Depth Easting Northing Hole
(m) (m) (m)
----------------------------------------------------
09CP114 105.50 718,157 3,166,004 ---------------------------------------------------- 09CP124 60.85 718,147 3,166,068 ---------------------------------------------------- 09CP126 112.40 718,217 3,165,999 ---------------------------------------------------- 09CP127 69.80 718,217 3,165,999 ---------------------------------------------------- 09CP128 124.75 718,217 3,165,999 ---------------------------------------------------- 09CP130 61.00 718,181 3,166,086 ---------------------------------------------------- 09CP131 76.25 718,182 3,166,085 ---------------------------------------------------- 09CP132 67.45 718,183 3,166,084 ---------------------------------------------------- 09CP133 62.50 718,187 3,166,073 ---------------------------------------------------- 09CP134 61.90 718,189 3,166,072 ----------------------------------------------------
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Alamos Gold Inc.
John A. McCluskey
President and Chief Executive Officer
(416) 368-9932
Alamos Gold Inc.
Jeremy Link
Manager, Investor Relations
(416) 368-9932
Source: Alamos Gold Inc.
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