Alamos Gold Extends High-Grade Gold Mineralization Beyond Mineral Reserves and Resources at Puerto Del Aire Deposit within Mulatos District

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[{"type":"text","content":" TORONTO, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported new results from ongoing surface exploration drilling at Puerto Del Aire, extending high-grade gold mineralization outside of Mineral Reserves and Resources. Puerto Del Aire is a higher-grade underground deposit, adjacent to the main Mulatos pit, and is comprised of five zones including PDA1, PDA2, Gap, Victor and Estrella. All reported composite widths are estimated true width of the mineralized zones. Puerto Del Aire: high-grade gold mineralization extended beyond existing Mineral Reserves and Resources across multiple mineralized zones including within a 200 metre (“m”) gap between PDA1 and PDA2. This includes multiple intercepts well above the current Mineral Reserve grade. New highlights include: PDA1:   32.24 g/t Au (20.78 g/t cut) over 5.30 m (21MUL051); 26.28 g/t Au (20.44 g/t cut) over 4.60 m (21MUL019); 18.01 g/t Au (15.27 g/t cut) over 6.15 m (21MUL014); 3.63 g/t Au over 26.05 m (21MUL016); 10.86 g/t Au over 8.35 m (21MUL021); and 6.78 g/t Au over 10.50 m (21MUL015). PDA2:   13.89 g/t Au (9.26 g/t cut) over 10.35 m (22MUL039); 8.75 g/t Au over 15.15 m (22MUL053); 7.62 g/t Au over 14.65 m (22MUL58); 32.60 g/t Au over 2.35 m (22MUL052); and 13.22 g/t Au over 4.50 m (22MUL046). Victor-Gap: 31.97 g/t Au (11.80 g/t cut) over 12.90 m (21MUL011). Note: Drillhole composite gold grades reported as “cut” may include higher grade samples which have been cut to 40 g/t Au. “These exploration results highlight the significant potential to add higher-grade Mineral Reserves and Resources at Puerto Del Aire. They are also a further demonstration of the potential within the Mulatos District and our long-term track record of exploration success. Mulatos began producing in 2005 with a mine life of approximately seven years. Seventeen years later, the mine has produced 2.5 million ounces of gold and still had a six year Mineral Reserve life as of the end of 2021. We expect Puerto Del Aire will extend that life further with excellent potential to be another low-cost, high-return project as with La Yaqui Grande and the past producing Cerro Pelon and La Yaqui Phase I operations” said John A. McCluskey, President and Chief Executive Officer. New highlight intercepts can be found in Table 1, and in Fig...

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