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Minera Alamos Announces Commencement of Phase 2 Drilling at Santana Gold Project
Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - August 15, 2019) - Minera ...
About this update from Minera Alamos Inc.
[{"type":"text","content":"Minera Alamos Announces Commencement of Phase 2 Drilling at Santana Gold ProjectToronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - August 15, 2019) - Minera Alamos Inc. (TSXV: MAI) (\"Minera\" or the \"Company\") is pleased to announce that following the successful permitting process for the development of the Santana gold project, it has commenced its Phase 2 drill program.The program, which is expected to continue through late this year, will have a dual focus; resource expansion drilling at the main Nicho deposit as well as follow-up drilling on several new discoveries made during Phase 1 work in late 2018. In addition, while the Company was advancing the project permitting its exploration teams made a number of new discoveries that also warrant drill testing and will be included in the upcoming drill plans. More information on these new targets will be made available in future news releases.\"Now that the federal project development permit approvals have been received we are excited to commence the drilling phase of our much anticipated 2019 Santana exploration program. The last year has allowed us to dramatically expand our geological understanding of the overall Santana project area and the new drill program should allow us to start to demonstrate its true potential,\" stated Darren Koningen, CEO of Minera Alamos. The new program was designed to demonstrate the potential of the project to host multiple \"Nicho-style\" mineralized systems that could be combined to supply feed material for an expanded regional production facility (see figure on following page).Drilling will follow-up on the step out holes at the main Nicho deposit where Phase 1 drilling returned holes that included: 80.4m of 1.05 g/t Au and 127m of 0.81 g/t Au (see news releases dated October 17, 2018 and November 1st, 2018).Additionally, the Divisadero discovery hole (95.7m of 1.47 g/t AuEq - see news release dated October 25th, 2018), remains the only hole drilled into a new system that has been traced at surface over an extent of 300-400m before it disappears under surface cover. This area as well as other newly defined Nicho-style pipes like Zata have now been well defined at surface but remained largely undrilled as of the end of the 2018 Phase 1 program. [Note - Gold Equivalent (AuEq) calculated using the following metal prices - $1250...