Article content
Alamos Gold is reporting new results from its underground exploration program at Matachewan’s Young-Davidson mine.
Exploration Findings
According to a media release, the underground exploration drilling at Young-Davidson mine has revealed a new style of higher-grade gold mineralization in zones within the hanging wall of the deposit. These findings showcase the potential for increased production and extended reserves beyond the current levels.
CEO’s Perspective
John A. McCluskey, the President and CEO of Alamos Gold, expressed optimism about the discoveries, emphasizing the significance of the new zones in the hanging wall. He believes that this unique style of mineralization, coupled with the proximity to existing infrastructure, holds promise for substantial production growth.
Exploration Program Details
The company has allocated $12 million for exploration at Young-Davidson in 2024, aiming to expand mineralization within the syenite and test for gold in the hanging wall. Drilling efforts are particularly focused on extending mineral reserves and resources, showcasing a commitment to long-term sustainable operations.
Future Prospects
With ongoing underground drilling and a plan to assess historic surface drilling data, Alamos Gold is well-positioned to unlock further potential at Young-Davidson mine. The company’s strategy to explore the hanging wall for additional mineralization highlights a forward-looking approach to resource expansion.
Article content
Alamos Gold is reporting new results from its underground exploration program at Matachewan’s Young-Davidson mine.
Exploration Findings
According to a media release, the underground exploration drilling at Young-Davidson mine has revealed a new style of higher-grade gold mineralization in zones within the hanging wall of the deposit. These findings showcase the potential for increased production and extended reserves beyond the current levels.
CEO’s Perspective
John A. McCluskey, the President and CEO of Alamos Gold, expressed optimism about the discoveries, emphasizing the significance of the new zones in the hanging wall. He believes that this unique style of mineralization, coupled with the proximity to existing infrastructure, holds promise for substantial production growth.
Exploration Program Details
The company has allocated $12 million for exploration at Young-Davidson in 2024, aiming to expand mineralization within the syenite and test for gold in the hanging wall. Drilling efforts are particularly focused on extending mineral reserves and resources, showcasing a commitment to long-term sustainable operations.
Future Prospects
With ongoing underground drilling and a plan to assess historic surface drilling data, Alamos Gold is well-positioned to unlock further potential at Young-Davidson mine. The company’s strategy to explore the hanging wall for additional mineralization highlights a forward-looking approach to resource expansion.
