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Alamos Gold Extends High-Grade Mineralization Across Multiple Targets within Mulatos District Including PDA, Cerro Pelon, and New Discovery at Halcon
All amounts are in United States dollars, unless otherwise stated TORONTO, Jan. 21, 2026 (GLOBE...
About this update from Alamos Gold Inc.
[{"type":"text","content":"Alamos Gold Extends High-Grade Mineralization Across Multiple Targets within Mulatos District Including PDA, Cerro Pelon, and New Discovery at Halcon\nAll amounts are in United States dollars, unless otherwise stated TORONTO, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported new results from ongoing surface exploration drilling within the Mulatos District. Drilling continues to extend high-grade gold mineralization beyond Mineral Reserves at Puerto Del Aire (“PDA”), and Mineral Resources at Cerro Pelon. Additionally, drilling within a new area of focus at Halcon has intersected wide intervals of significant sulphide-hosted gold mineralization. Cerro Pelon, Halcon and other targets across the District including La Yaqui Grande, represent upside to the PDA project as potential sources of additional higher-grade sulphide ore. The PDA project will include the construction of a mill to process higher-grade sulphide ore from PDA, opening up new opportunities to define and incorporate additional sulphide ore from across the District. PDA remains on track for initial production mid-2027. “Over the past several years, our focus within the Mulatos District has shifted to targeting higher grade sulphide mineralization. Our long-term track record of exploration success has continued having defined more than a million ounces of Mineral Reserves at PDA, and an initial Mineral Resource at Cerro Pelon. Ongoing success over the past year is expected to drive further Resource growth at Cerro Pelon, and resulted in a new discovery at Halcon, highlighting both the significant upside opportunities to the PDA project, and tremendous exploration potential across the Mulatos District,” said John A. McCluskey, President and Chief Executive Officer. Cerro Pelon: step-out drilling below and north of the previously mined oxide deposit continues to intersect significant high-grade mineralization, extending and defining new structurally controlled feeder structures. This is expected to drive further growth in higher-grade Mineral Resources. Cerro Pelon is located nine kilometres (“km”) by road from the planned PDA mill and represents a potential source of additional high-grade mill feed. New highlights include1: 5.60 g/t Au ov...