- Write by:
-
Saturday, May 11, 2019 - 10:39:57 AM
-
841 Visit
-
Print
Mining News Pro - Alamos Gold of Toronto is drilling more high grade intersections at the producing Island Gold mine 85 km northeast of Wawa. The company is focusing its attention on the Eastern, Main and Western extensions with both surface and underground drilling.
According to Mining News Pro - Hole MH18-03 was drilled in the 500-metre gap between inferred resources of the Eastern and Main extensions. It assayed 46.11 g/t gold (26.81 g/t cut) over 4.7 metres. Previous drilling at the Main extension returned cut assays of 24.53 g/t gold over 5.1 metres, 34.01 g/t over 5.15 metres, and 15.13 g/t over 5.0 metres.
Alamos has designed the 2019 drill program at Island Gold to expand the down-plunge and later extension of the deposit with the objective of adding new, near mine resources. A total of 29,832 metres in 99 holes have been completed so far this year.
The Island Gold mine is expected to produce between 135,000 and 145,000 oz. of gold this year at an all-in sustaining cost per ounce of $730 to $770. The mill was recently expanded to 1,100 t/d and expected to reach 1,200 t/d by the end of this year.
Short Link:
https://www.miningnews.ir/En/News/372964
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that ...
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Representatives from the Peñas Negras Indigenous community, in northwestern Argentina, clashed with heavily armed police ...
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the ...
No comments have been posted yet ...