Alamos Gold Intersects High Grade Zone at Mulatos Deposit.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 2, 2003 Alamos The name Álamos can refer to the following:
The drilling program was designed to test gold distribution within structural zones recently identified from surface and underground alteration and structural mapping. The structural zones had not been previously identified, nor been the focus of any previous drilling programs. All previous drill holes in the deposit were drilled from the surface and oriented oblique to the structural trend. The underground drilling program allows for a drill direction perpendicular to the trend and dip of the zones so that an accurate idea of width and grade can be ascertained. The first four holes encountered significant intercepts of 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. higher than the average grade of the deposit (1.38 g/t gold based on 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. Inc.'s 1999 Feasibility Study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. Update). Drill hole composite intervals are presented in the following table:
NOPAL UNDERGROUND CORE HOLES
COMPOSITE RESULTS
----------------------------------------------------------------------
DRILL
HOLE
(Azimuth/ LITHOLOGY/
Inclin- TOTAL INTERVAL GOLD ALTERATION/
ation) DEPTH FROM TO (m) g/t OXIDATION
----------------------------------------------------------------------
NP03-02 237.33 0 31.93 31.93 1.47 0-139m Rhyodacite
porphyry, strong vuggy
(050/0) 56.25 230.68 174.43 1.995 silica alteration,
moderately to strongly
oxidized.
139-237.3m Rhyodacite
porphyry, strongly
argillized, unoxidized;
Includes: 86.65 107.93 21.28 3.1 silicified 162.1-173.2,
167.42 187.0 19.58 5.15 202.3-212.5
----------------------------------------------------------------------
NP03-03 102.05 0 102.5 102.5 3.01 Rhyodacite porphyry,
strong vuggy silica,
(240/+20) strong pervasive
oxidation.
----------------------------------------------------------------------
NP03-04 99.75 0 92.75 92.75 3.58 0-71.8 Rhyodacite
porphyry, vuggy silica
(240/0) alteration, moderate-
strong oxidation. 71.8-
99.75 moderate to
strong silicic
Includes: 41.04 51.68 10.64 16.27 alteration and
(uncut) oxidation.
----------------------------------------------------------------------
NP03-08 107.05 0 12.18 12.18 2.47 0-65 Rhyodacite
porphyry, strong vuggy
(050/+20) 16.74 91.69 74.95 1.78 silica alteration and
pervasive oxidation.
94.01 107.5 13.49 1.3 65-71.7 strong vuggy
silica alteration,
fracture-controlled
oxidation. 71.7-107.5
strong advanced argillic
alteration, unoxidized.
----------------------------------------------------------------------
Drill holes NP03-02 and NP03-04 were drilled in opposite directions from the same site and reflect a 124 meter width across the main Cerro Estrella structural zone and a 174 meter width across the Cerro Estrella North zone at the Nopal nopal (nō·pälˑ), n Latin name: Opuntia streptacantha Lemaire, Opuntia ficus indica; adit level, with a 24m low-grade zone separating the two zones. Intercept widths are believed to be roughly reflective of true zone widths at the Nopal level elevation. Hole NP03-08 was designed to test for structural zones subsidiary to the main target zone, but only encountered mineralization slightly above average grade. Oxidation was greater than predicted, however. A 0.5g/t cut-off cut-off Anesthesiology The point at which elongation of the carbon chain of the 1-alkanol family of anesthetics results in a precipitous drop in the anesthetic potential of these agents–eg, at > 12 carbons in length, there is little anesthetic activity, grade was used for calculation of composite intervals. A map of drill hole locations can be accessed at the following website: http://www.alamosgold.com/i/maps/agi-dec022003-map.gif. Drilling results to date appear to confirm the concept of higher-grade gold concentrations within broad structural zones. They also demonstrate pervasive oxidation and vuggy silica alteration exists to a greater extent than is indicated by the Placer Dome model likely because the structural zones were not only conduits for primary mineralization but also secondary oxidation. A potentially significant increase in oxide mineralization may result from the underground drilling results, due to better definition of oxidation distribution. The original extent of gold mineralization as indicated in the Placer model is also confirmed by the first four holes. The Mulatos underground drilling 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. , MSc. Geology. Mr. Balleweg is Alamos' Exploration Manager and the Qualified Person as that term is defined in 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. . Strict sampling and QA/QC QA/QC Quality Assurance/Quality Control protocol are followed, including use of the same sampling procedures and standards used in previous Placer Dome drilling programs. Sample intervals are 1.5 m, except to accommodate geologic contacts. The NQ2 core is cut on site, and half sent to BSI BSI - British Standards Institute Inspectorate Laboratories in Reno, Nevada for analysis. 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 gravimetric /grav·i·met·ric/ (grav?i-me´trik) pertaining to measurement by weight; performed by weight, as a gravimetric method of drug assay. grav·i·met·ric adj. 1. finish for individual samples with a gold concentration greater than 3.0 g/t. ON BEHALF OF THE BOARD John A. McCluskey, President and Chief Executive Officer 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future recovery of the Mulatos Project, are subject to various risks and uncertainties concerning the specific factors identified about in the Company'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 Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion