Underground directional drilling on the Island West goal prolonged excessive grade mineralization 50 metres under the closest Inferred useful resource block and partially closed the 185-metre hole between two excessive grade inferred blocks. Gap 740-471-41 returned an uncut 31.58 g/t gold (38.74 g/t reduce) over 2.43 metres.
Alamos has budgeted C$25 million for the 2021 exploration program at Island Gold, up from C$13 million in 2020. The purpose is to proceed definition of latest near-mine assets throughout the 2-km lengthy Principal zone.
Steering for 2021 on the Island Gold mine is 130,000 to 145,000 oz. of gold at an all-in sustaining value of $750 to $800 per oz.
(This text first appeared within the Canadian Mining Journal)