Minera Alamos Intersects 127m of 0.81 g/t Gold Ending in Mineralization from Phase 1 Drilling at Santana Project, Sonora, Mexico
Figure 1 - Drill Hole Location Map
Minera Alamos Inc. [TSXV:MAI] is pleased to report additional results from its Phase 1 drill program at the Santana gold project, Sonora, Mexico.
Phase 1 Exploration Highlights:
- Latest Hole S18-123 – 127 m of 0.81 g/t Au – Along with S18-123/124, holes S18-116/117/118/119 (previously reported) delineated broad zones of near surface mineralized extensions of the Nicho Main deposit trending southwest of previous historical drilling. Other highlights included 93.5 m of 0.63 g/t Au (S18-116) and 80.4 m of 1.05 g/t Au (S18-117).
- Holes S18-123/124 which tested the SW limits of the Nicho Main zone both ended within the mineralized horizon (approximately 150m down hole at 45-degree dip) and indicate potential for deep mineralization extensions that were not considered in previous exploration programs.
- New Discovery Hole S18-121 – 96 m of 1.47 g/t AuEq – First hole drilled into a new zone of gold/silver/copper mineralization (Divisadero Zone) located approximately 200m north of the previously known limits at the Nicho Main/Norte Zones. Subsequent surface mapping has confirmed that the new area appears to be open for expansion in all directions.
- Discovery of New Nicho-Style Gold Structure (Zata Zone) – Over a surface area of approximately 400m x 400m, sixty-six (66) rock samples were assayed with 50% exhibiting grades suitable for heap leaching (>0.10 g/t Au).
“The Phase 1 program at the Santana gold project has been an overwhelming success” state Darren Koningen, CEO of Minera Alamos. “With the first significant exploration activity on the project since 2011 we have been able to demonstrate that the Nicho Main zone remains open for further expansion. In addition, our ongoing efforts to better understand the geological controls on gold mineralization that occur throughout the property have already been validated by the discovery of the new Divisadero and Zata zones. It is becoming increasingly evident that the mineralizing events that occurred in the Nicho area are present at shallow depths elsewhere on our extensive property holdings. Once we complete the final compilation of the current data we look forward to the initiation of a Phase 2 drilling program.”
Table 1 -Nicho Zone Drilling Results Summary Table
1. Grades/widths of mineralized intervals represent complete “from” “to” drill depths as shown.
2. All holes (with the exception of S18-122 which was drilled vertically) were drilled at 45-70 degree inclinations designed to be roughly perpendicular to the understood dip of mineralized structures based on the current understanding of the geological structures. The true widths of the mineralized zones in these areas are currently unknown.
3. Grade/width of composite intervals is a total of all mineralized intervals that have gold grades equal to or in excess of “typical” open-pit mining heap leach cut-off grades of 0.15 g/t gold.
4. Hole ended in mineralization
5. Hole S18-122 was redrilled vertically in the same location as S18-120 which was abandoned.
Table 2 – Divisadero Porphyry Discovery Hole
1. Grades/widths of mineralized intervals represent complete “from” “to” drill depths as shown.
2. The hole was drilled at a 70-degree inclination. The true width of the mineralized zone in this new area is currently unknown.
3. Gold Equivalent calculated using the following metal prices – $1250/oz gold, $16/oz silver and $2.85/lb copper.
Figure 1 – Drill Hole Location Map
All diamond drill samples were collected by Minera Alamos personnel including the Company’s exploration geologists. Drill core samples were cut in half and divided into 1-2 m intervals. One half of the sample was bagged for analysis and the remaining half was logged by Minera Alamos personnel and stored for future reference. Blanks, duplicates, and standards were randomly inserted with the samples sent for analysis as part of the normal QA/QC procedures.
All samples were prepared and analyzed for gold using fire assaying with AA/gravimetric finish. All samples were sent for sample preparation at the ALS-Chemex facility in Hermosillo, Mexico.
Figure 2 – Santana Overview Map
Mr. Darren Koningen, P. Eng., Minera Alamos’ CEO, is the Qualified Person responsible for the technical content of this press release under National Instrument 43-101. Mr. Koningen has supervised the preparation of, and has approved the scientific and technical disclosures in this news release.
For further information please contact:
Minera Alamos Inc.
Doug Ramshaw, President
Tel: 604-600-4423
Email: dramshaw@mineraalamos.com
Website: www.mineraalamos.com
About Minera Alamos
Minera Alamos is an advanced-stage exploration and development company with a growing portfolio of high-quality Mexican assets, including the La Fortuna open-pit gold project in Durango with positive PEA completed, the Santana open-pit heap-leach development project in Sonora with test mining and processing completed and the Guadalupe de Los Reyes open-pit gold-silver project in Sinaloa with mine planning in progress. The Company is awaiting the pending approval of permit applications related to the commercial production of gold at both the Santana and Fortuna projects.
The Company’s strategy is to develop low capex assets while expanding the project resources and pursue complementary strategic acquisitions.