Project UpdateJun 22, 2026, 03:16 PM
Alamos Gold Extends High-Grade Gold Mineralization at Island Gold District
AI Summary
Alamos Gold Inc. reported new high-grade gold mineralization results from exploration drilling at its Island Gold District. Discoveries include a new zone 250m west of existing reserves, extended mineralization in the Island West up-plunge area, and high-grade intersections in NS1 and NS4 zones. Regional drilling also confirmed high-grade gold at the past-producing Cline-Pick and Edwards mines. The company plans a $43 million exploration program in 2026 to further define these new sources of higher-grade mill feed for the expanded Magino mill, aiming for increased production.
Key Highlights
- Island Gold West Extension drill highlights: 12.05 g/t Au over 5.20 m.
- Island West up-plunge drill highlights: 14.51 g/t Au over 5.21 m.
- Island Gold NS4 Zone drill highlights: 132.90 g/t Au over 2.21 m.
- Cline-Pick Mine drill highlights: 67.93 g/t Au over 3.05 m.
- Edwards Mine drill highlights: 5.06 g/t Au over 13.60 m.
- 2026 exploration budget: $43 million, up from $24 million in 2025.
- Planned 2026 drilling: 50,000 m underground, 48,000 m surface, 16,000 m regional.
Price Impact
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