AuRico Reports 2012 Reserve & Resource Update and Kemess Feasibility Study Results

About this update from Alamos Gold Inc.

[{"type":"text","content":"\n\n\n\n\n\nTORONTO, March 25, 2013 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (\"AuRico\" or the \"Company\") today reported its updated Reserves and\n Resources, as at December 31, 2012.\n\n\nMineral Reserves and Resources (as at December 31, 2012)\n\n\n\n\n\n\n(Detailed Mineral Reserve and Resource tables can be found at the end of\n this press release)\n\n\nHighlights\n\n\nAs at December 31, 2012, the Company is reporting:\n\n\n\nProven and Probable Mineral Gold Reserves of 6.8 million gold ounces, a\n 1.69 million ounce increase over 2011, primarily driven through reserve\n additions reported from the Kemess Underground Project.\n\n\n\n\nReserves were essentially unchanged at the Young-Davidson mine with\n grades increasing by 1.6%.\n\n\n\n\nReserves decreased by 6% at the El Chanate mine, however reserve grades\n increased by 3.1%.\n\n\n\nGold Reserves by asset are summarized in the table below:\n\n\n\n\n\n\n\nProven and Probable Mineral Reserves1\n\n\n\n\n \n\n\nGold ounces (000's)1\n\n\ng/t\n\n\n\n\nDecember 31\n\n\n2012\n\n\n2011\n\n\nChange \n(%)\n\n\n2012\n\n\n2011\n\n\nChange \n(%)\n\n\n\n\nYoung-Davidson\n\n\n3,804\n\n\n3,831\n\n\n(0.7%)\n\n\n2.60\n\n\n2.56\n\n\n1.6%\n\n\n\n\nEl Chanate\n\n\n1,204\n\n\n1,284\n\n\n(6.2%)\n\n\n0.67\n\n\n0.65\n\n\n3.1%\n\n\n\n\nKemess Underground\n\n\n1,805\n\n\n-\n\n\n100%\n\n\n0.56\n\n\n-\n\n\n100%\n\n\n\n\nTotal\n\n\n6,813\n\n\n5,115\n\n\n33%\n\n\n1.05\n\n\n1.47\n\n\n(29%)\n\n\n\n\n1. Detailed mineral reserve and mineral resource tables follow at the end\n of this press release.\n\n\n\n\nIn addition to gold reserves, the Company has also reported copper\n reserves of:\n\n\n\n619 million pounds at the Kemess Underground Project at a reserve grade\n of 0.28%, using a copper price of $3.00 per pound.\n\n\n\n\"The Company's efforts have been focused on improving the quality of our\n asset base and this focus extended to improving the quality of our\n reserve base as well. We have adopted a conservative approach by\n holding cutoff grades constant, which has resulted in higher grade and\n higher margin reserve ounces,\" stated Scott Perry, President and Chief\n Executive Officer. He continued, \"The Company will continue to adopt\n this conservative view going forward and will balance exploration\n efforts with mine life to ensure we optimize value for those additional\n ...

More updates from Alamos Gold Inc.