Alamos Gold Inc.: Bonanza Grade Intercepts Encountered in Escondida Hanging Wall Zone, Mulatos Deposit, Mexico.TORONTO -- Alamos The name Álamos can refer to the following:
TSX Transfer from Stack Pointer to Index TSX True Space Extension :AGI (Artificial General Intelligence) A machine intelligence that resembles that of a human being. Considered impossible by many, most artificial intelligence (AI) research, projects and products deal with specific applications such as industrial robots, playing chess, ) announces that six surface reverse circulation holes recently drilled in the Escondida Hanging Wall Zone have encountered very high grade to bonanza grade gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. . Vertical hole 05EI034 intersected 28.97 meters of 70.96 g/t Au, including 9.14m of 198.9 g/t Au. The Escondida Zone is located 500 meters northeast of the Estrella Pit, which is currently being mined. Preliminary uncapped results from the zone are summarized below:
ESCONDIDA HANGING WALL ZONE COMPOSITE INTERVALS
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DRILL HOLE TOTAL
(Azimuth/ DEPTH FROM TO INT. GOLD
Inclination) (m) (m) (m) (m) (g/t)
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05EI024 76.22 45.73 56.40 10.67 12.29
(0/-90) 60.98 62.50 1.52 5.35
68.60 76.22 7.62 0.85
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05EI031 79.27 59.45 73.17 13.72 14.98
(0/-90) Includes:
62.5 64.02 1.52 105.0
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05EI032 76.22 56.40 68.60 12.20 36.92
(0/-90) 71.65 76.22 4.57 0.73
Includes:
57.93 59.45 1.52 227.0
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05EI033 67.07 47.26 67.07 19.81 11.86
(0/-90)
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05EI034 79.27 50.30 79.27 28.97 70.96
(0/-90) includes:
54.88 64.02 9.14 198.90
70.12 77.74 7.62 24.71
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05EI036 79.27 57.93 76.22 18.29 3.89
(155/-70)
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The high-grade zone is a previously unrecognized style of mineralization consisting of coarse-grained native gold in the highest gold concentrations encountered to date in the greater Mulatos deposit area. Coarse visible gold to 2mm grain size was panned from drill cuttings Drill cuttings typically refer to any solids removed from a wellbore while drilling. The term specifically refers to shale cuttings generated when drilling petroleum wells, and is usually removed by circulating the drilling fluid over shale shakers. and frequently seen in coarse reject material, and reflects an entirely different mode of occurrence from the Estrella portion of the deposit. The high-grade zone is stratiform stratiform /strat·i·form/ (-form) having a layered structure. stratiform occurring in layers. and occurs hanging wall to the lower grade portion of the Escondida deposit. Assay results from drill holes to date combined with three isolated higher-grade holes previously drilled delineate an area approximately 115m long by 50m wide that is open to the northeast and southeast. Drill intercepts are believed to be true thickness of the hanging wall zone. Assays results are pending from seven additional holes containing visible gold. This discovery appears to confirm the Escondida deposit being the faulted extension of the historic high-grade deposit at Mina Vieja, which was responsible for the majority of previous gold production at Mulatos. Reverse circulation drilling was chosen as the preferred drilling method, as core holes previously drilled to define the Escondida deposit had poor recovery in the upper part of the deposit where the high-grade mineralization occurs. All holes were drilled dry with a center-return bit and had excellent sample recovery. The samples are believed to be of high quality and more reliable than the previously drilled core samples, due to the drilling conditions. A total of 20 holes (1380 meters) have been drilled to date. Additional step-out drill sites have been prepared and will be drilled in the immediate future. Drill hole 05EI033 ended in 69.6-g/t mineralization and will be deepened. The intercepts are also identifying mineralization where no previous resource blocks and/or low-grade resource blocks occur in the existing block model and are expected to significantly increase resource ounces. Bulk sampling in the underground exploration drift confirms higher-grade mineralization in the area with 20.9 g/t and 22.0 g/t Au assay from 30-ton rounds. The exploration drift is generally located nine to thirteen meters below the base of the high-grade zone. The Escondida exploration program is being carried out under the direction of Ken Balleweg, BSc. Geological Engineering Geological engineering is the engineering science of applying engineering principles to the study of geological materials as part of the engineering design of facilities including roads, tunnels, and mines especially as related to minerals and mineral products. , M.S. Geology, Alamos' Vice President of Exploration and the Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators Canadian Securities Administrators(CSA) is a forum for the 13 securities regulators of Canada's provinces and territories to coordinate and harmonize regulation of the Canadian capital markets. . Mr. Balleweg also previously supervised the Escondida initial and step-out drilling programs for Placer Dome Placer Dome was a large mining company specializing in gold and other precious metals, with corporate headquarters in Vancouver, British Columbia, Canada. Barrick has acquired 100% of the Placer Dome shares on January 20, 2006, and has integrated the company into its own. Exploration. Strict sampling and QA/QC QA/QC Quality Assurance/Quality Control protocol are followed, including the insertion of standards and blanks on a regular basis. Sample intervals are 1.5 meters, with two splits taken and bagged on site. One split is sent to ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex Inc. in Hermosillo, Mexico for sample preparation and then to Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography for analysis. The second split is saved in secure facilities at the on-site exploration camp. Analytical method is fire assay with atomic adsorption adsorption, adhesion of the molecules of liquids, gases, and dissolved substances to the surfaces of solids, as opposed to absorption, in which the molecules actually enter the absorbing medium (see adhesion and cohesion). finish and gravimetric finish for individual samples with a gold concentration greater than 3.0 g/t. Drill hole samples since recognition of coarse visible gold are being analyzed by 1000-gram screen fire assays to fully test coarse gold distribution. A 0.5g/t cut-off grade was used for calculation of composite intervals, with only a single 1.5m interval of sub-0.5 g/t material allowed within a composite interval. Holes commonly ended in low-grade mineralization, as the objective was to solely test the high-grade upper zone. Underground infill drilling is in progress with two rigs in the Escondida zone, with 1837 meters completed in 19 holes to date. A third underground core drill is expected to arrive in January 2006. Additional underground core holes will be drilled into the high-grade zone to further define limits and grade. A map of drill hole locations can be accessed at the following website: www.alamosgold.com Alamos common shares are traded on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "AGI" and convertible debentures under the symbol AGI.DB". Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995: Statement in this release that are forward-looking, including statements relating to the future recovery of the Mulatos Project, are subject to various risks and uncertainties concerning the specific factors identified about in Alamos's periodic filings with the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. and the U. S. Securities Exchange Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not intend to update this information and disclaims any legal liability to the contrary. The TSX has not reviewed and does not accept responsibility for th e adequacy or accuracy of this release. Alamos Gold Inc. (TSX:AGI) |
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