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Alamos Gold Extends High-Grade Gold Mineralization Laterally and at Depth at Island Gold, Including within Sub-Parallel Zones in Proximity to Existing Infrastructure

Alamos Gold Inc.
Alamos Gold Inc.

Figure 1: Island Gold Mine – C/E1E/E1EN Longitudinal, New Underground and Surface Exploration Drilling Results

Figure 1: Island Gold Mine – C/E1E/E1EN Longitudinal,  New Underground and Surface Exploration Drilling Results
Figure 1: Island Gold Mine – C/E1E/E1EN Longitudinal, New Underground and Surface Exploration Drilling Results

Figure 2: Island Gold West (C-Zone) Longitudinal – Surface and Underground Exploration Drilling Results

Figure 2: Island Gold West (C-Zone) Longitudinal – Surface and Underground Exploration Drilling Results
Figure 2: Island Gold West (C-Zone) Longitudinal – Surface and Underground Exploration Drilling Results

Figure 3: Island Gold East (E1E-Zone) Longitudinal – Underground Exploration Drilling Results

Figure 3: Island Gold East (E1E-Zone) Longitudinal – Underground Exploration Drilling Results
Figure 3: Island Gold East (E1E-Zone) Longitudinal – Underground Exploration Drilling Results

Figure 4: Island Gold Mine B-Zone Longitudinal – Underground Exploration Drilling Results

Figure 4: Island Gold Mine B-Zone Longitudinal – Underground Exploration Drilling Results
Figure 4: Island Gold Mine B-Zone Longitudinal – Underground Exploration Drilling Results

Figure 5: Island Gold Mine G-Zone Longitudinal – Underground Exploration Drilling Results

Figure 5: Island Gold Mine G-Zone Longitudinal – Underground Exploration Drilling Results
Figure 5: Island Gold Mine G-Zone Longitudinal – Underground Exploration Drilling Results

Figure 6: Island Gold Mine G1-Zone Longitudinal – Underground Exploration Drilling Results

Figure 6: Island Gold Mine G1-Zone Longitudinal – Underground Exploration Drilling Results
Figure 6: Island Gold Mine G1-Zone Longitudinal – Underground Exploration Drilling Results

TORONTO, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported new results from surface and underground exploration drilling at the Island Gold mine, further extending high-grade gold mineralization in Island West, Island East, and at depth. All reported drill widths are true width of the mineralized zones, unless otherwise stated.

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  • Island West: high-grade mineralization extended 225 metres (“m”) west of existing Mineral Reserves and Resources (MH33-01). New highlights include:

    C-Zone:

    • 97.21 g/t Au (58.55 g/t cut) over 5.05 m (MH33-01);

    • 22.40 g/t Au (22.40 g/t cut) over 2.18 m (790-450-06);

    • 12.07 g/t Au (12.07 g/t cut) over 2.79 m (790-460-10); and

    • 13.91 g/t Au (13.91 g/t cut) over 2.18 m (790-465-12).

  • Island West Hanging Wall Zones: high-grade gold mineralization intersected within newly defined sub-parallel zones in the hanging wall (B, G, and G1 zones). These sub-parallel zones are within proximity of existing underground infrastructure and represent a significant opportunity to add near mine Mineral Reserves and Resources. New highlights include:

    B-Zone:

    • 525.28 g/t Au (80.26 g/t cut) over 2.33 m (770-467-12);

    • 72.03 g/t Au (44.05 g/t cut) over 3.15 m (770-468-02);

    • 73.16 g/t Au (47.35 g/t cut) over 2.65 m (770-467-10);

    • 34.41 g/t Au (22.77 g/t cut) over 5.07 m (770-467-11);

    • 91.14 g/t Au (35.59 g/t cut) over 2.61 m (770-468-01A);

    • 37.75 g/t Au (36.54 g/t cut) over 2.53 m (770-467-14);

    • 226.16 g/t Au (32.33 g/t cut) over 2.58 m (770-467-13); and

    • 51.17 g/t Au (37.18 g/t cut) over 2.11 m (770-468-03).


    G-Zone:

    • 22.81 g/t Au (22.81 g/t cut) over 2.14 m (770-467-08);

    • 14.01 g/t Au (13.65 g/t cut) over 2.34 m (770-471-02); and

    • 10.20 g/t Au (10.20 g/t cut) over 2.59 m (770-474-26).


    G-Zone:

    • 38.50 g/t Au (19.68 g/t cut) over 2.00 m (770-474-19); and

    • 37.15 g/t Au (15.97 g/t cut) over 2.33 m (770-467-14).

  • Island East Lower: high-grade gold mineralization further extended down-plunge from the large high-grade Inferred Mineral Resource block in the lower part of Island East which contained 2.0 million ounces grading 15.48 g/t Au (3.96 million tonnes (“mt”)) as of December 31, 2021. New highlights include:

    • 110.17 g/t Au (52.08 g/t cut) over 7.79 m (MH27-08);

    • 22.17 g/t Au (22.17 g/t cut) over 8.01 m (MH27-07); and

    • 10.45 g/t Au (10.45 g/t cut) over 7.28 m (MH27-06).

  • Island East Middle: underground exploration drilling extended high-grade gold mineralization within the E1E-Zone to the east of Mineral Reserves and Resources and in the area between Island Main and East (above the 840-level). Both areas are within proximity to existing underground infrastructure. New highlights include:

    • 49.51 g/t Au (49.51 g/t cut) over 2.27 m (840-608-34);

    • 27.22 g/t Au (27.22 g/t cut) over 2.16 m (620-580-09);

    • 14.82 g/t Au (14.82 g/t cut) over 3.68m (840-632-11);

    • 24.41 g/t Au (24.41 g/t cut) over 2.13 m (840-608-32); and

    • 25.27 g/t Au (21.18 g/t cut) over 2.36 m (620-624-09).

  • Island Main: high-grade gold mineralization extended 160 m below Inferred Mineral Resources (MH30-02), representing one of the deepest intersections to date at Island Gold at a vertical depth of 1,666 m. This highlights the significant opportunity for further high-grade Mineral Reserve and Resource additions with the deposit open laterally and at depth across the currently defined 2 km strike. New highlights include:

    • 23.21 g/t Au (23.21 g/t cut) over 2.50 m (MH30-02).

Note: Drillhole composite intervals reported as “cut” may include higher grade samples which have been cut to: C-zone (225 g/t Au), B-zone (90 g/t Au), D1 and G1-zones (45 g/t Au), and G-zone (70 g/t Au), E1E-zone (185 g/t Au).

“These high-grade results across multiple areas of the Island Gold deposit highlight the significant exploration upside, not only laterally and at depth, but within newly defined sub-parallel structures. Much of our focus the last several years has been adding high-grade Mineral Resources at depth in advance of the Phase 3+ Expansion study. Having nearly tripled the Mineral Reserve and Resource base to over five million ounces of gold and with work on the expansion ramping up, our exploration focus is shifting to more cost-effective underground drilling where we can leverage existing infrastructure,” said John A. McCluskey, President and Chief Executive Officer.

“We see excellent potential to continue adding high-grade Mineral Reserves and Resources laterally and at depth, but also within these previously undefined areas adjacent to our existing infrastructure which have the potential to be incorporated into near-term mine planning. These represent potential high-grade ounces close to our existing production horizons which will be low cost to develop, further increasing ounces per vertical metre and the value of the operation,” Mr. McCluskey added.

New highlight intercepts can be found in Tables 1 and 2, and in Figures 1 to 6 at the end of this news release.

2022 Exploration Drilling Program – Island Gold Mine

Total exploration spending through the first nine months was $17.9 million, in line with the annual budgeted amount of $22 million for surface and underground exploration at Island Gold in 2022. Exploration remains focused on defining additional near mine Mineral Resources across the Island Gold Deposit (Island Main, West, and East), as well as advancing and evaluating several regional targets.

A total of 28,174 m of surface directional drilling, 17,984 m of underground exploration drilling, and 9,707 m of regional surface exploration drilling has been completed as of November 25, 2022.

Island West

Surface Directional Drilling

Surface directional drilling extended high-grade mineralization 225 m west of existing Mineral Reserves and Resources (MH33-01) in Island West and highlights the opportunity to expand mineralization up-plunge and along strike, in proximity to existing underground infrastructure. Surface drilling is ongoing in this area, and underground exploration drifts will be extended west from the 490 and 790 levels to continue testing this area from underground.

New highlights include (Figure 1, Table 1):

C-Zone:

  • 97.21 g/t Au (58.55 g/t cut) over 5.05 m (MH33-01).

Underground Exploration Drilling

Underground drilling from the 770 and 790-level exploration drifts continues to extend high-grade gold mineralization along strike to the west of Mineral Reserves and Resources in the middle portion of Island West (between vertical depths of 700 m and 1,100 m).

New highlights include (Figure 1, Table 2):

C-Zone:

  • 22.40 g/t Au (22.40 g/t cut) over 2.18 m (790-450-06);

  • 12.07 g/t Au (12.07 g/t cut) over 2.79 m (790-460-10);

  • 13.91 g/t Au (13.91 g/t cut) over 2.18 m (790-465-12);

  • 12.83 g/t Au (12.83 g/t cut) over 2.27 m (790-460-07); and

  • 11.29 g/t Au (11.29 g/t cut) over 2.02 m (790-465-13B).

Island West Hanging Wall Zones

In addition to testing the C-Zone structure from the 770- and 790-levels, drill holes were extended into the hanging wall to follow up on previous drilling that intersected high-grade gold mineralization in sub-parallel structures. These structures were previously classified as “unknown zones” and contained limited Mineral Resources due to the lack of drilling. Additional drilling has been successful in establishing continuity and extending high-grade gold mineralization within multiple structures referred to as the B, G, and G1 Zones. These zones are located 20 m, 75 m and 110 m south of the main C-Zone, respectively. This highlights the potential to add high-grade Mineral Reserves and Resources in proximity of existing production horizons and infrastructure which could be incorporated into the mine plan and mined within the next several years. These potential high-grade Mineral Reserves and Resource additions would be low cost to develop, further increasing the value of the operation and strong economics of the expansion.

New highlights include (Figures 4, 5, and 6, Table 2):

B-Zone:

  • 525.28 g/t Au (80.26 g/t cut) over 2.33 m (770-467-12);

  • 72.03 g/t Au (44.05 g/t cut) over 3.15 m (770-468-02);

  • 73.16 g/t Au (47.35 g/t cut) over 2.65 m (770-467-10);

  • 34.41 g/t Au (22.77 g/t cut) over 5.07 m (770-467-11);

  • 91.14 g/t Au (35.59 g/t cut) over 2.61 m (770-468-01A);

  • 37.75 g/t Au (36.54 g/t cut) over 2.53m (770-467-14);

  • 226.16 g/t Au (32.33 g/t cut) over 2.58 m (770-467-13);

  • 51.17 g/t Au (37.18 g/t cut) over 2.11 m (770-468-03);

  • 31.79 g/t Au (26.36 g/t cut) over 2.07 m (790-450-02); and

  • 38.96 g/t Au (20.83 g/t cut) over 2.32 m (770-468-07).

G-Zone:

  • 22.81 g/t Au (22.81 g/t cut) over 2.14 m (770-467-08);

  • 14.01 g/t Au (13.65 g/t cut) over 2.34 m (770-471-02); and

  • 10.20 g/t Au (10.20 g/t cut) over 2.59 m (770-474-26).

G1-Zone:

  • 38.50 g/t Au (19.68 g/t cut) over 2.00 m (770-474-19); and

  • 37.15 g/t Au (15.97 g/t cut) over 2.33 m (770-467-14).

Within the B-Zone, the distribution of drill hole intersections over a 30 to 40 m extent is the result of a series of drill holes that were completed at different azimuths and dips from a footwall drill bay, located approximately 30 m north of the B-Zone. These holes were designed to test targets in the hanging wall G and G1 zones, and also confirmed the continuity of high-grade gold mineralization locally within the B-zone.

Island Main and East

Surface Directional Drilling

Surface directional drilling continues to extend high-grade gold mineralization in the E1E-Zone beyond Mineral Resource blocks in the lower portions of Island Main and East areas.

New highlights from the drilling program include (Figure 1, Table 1):

  • 110.17 g/t Au (52.08 g/t cut) over 7.79 m (MH27-08);

  • 22.17 g/t Au (22.17 g/t cut) over 8.01 m (MH27-07);

  • 10.45 g/t Au (10.45 g/t cut) over 7.28 m (MH27-06); and

  • 23.21 g/t Au (23.21 g/t cut) over 2.50 m (MH30-02).

Drill hole MH30-02 (23.21 g/t Au (23.21 g/t cut) over 2.50 m) was planned as a significant step-out at depth below Inferred Mineral Resources in Island Main area. This hole intersected high-grade mineralization 160 m vertically below Inferred Mineral Resources and is one of the deepest intersections to date at Island Gold. This further highlights the opportunity for the expansion of high-grade Mineral Reserves and Resources at depth, where Island Gold remains open at depth across the 2 km strike of the deposit.

Drill holes MH27-06 (10.45 g/t Au (10.45 g/t cut) over 7.28 m), MH27-07 (22.17 g/t Au (22.17 g/t cut) over 8.01 m), and MH27-08 (110.17 g/t Au (52.08 g/t cut) over 7.79 m) intersected wide, high-grade mineralization beyond the nearest Inferred Mineral Resource block in Island East. These drill holes continue to extend gold mineralization down-plunge from the large Inferred Mineral Resource block which has grown rapidly over the last several years to contain 2.0 million ounces grading 15.48 g/t Au (3.96 mt) as of December 31, 2021. Drilling is in progress in this area and is expected to extend Inferred Mineral Resources to the east.

Drillhole MH27-06 was extended into the footwall of the E1E-Zone and two mineralized zones were encountered, 29.81 g/t Au (29.81 g/t cut) over 6.40 m, and 20.67 g/t Au (20.67 g/t cut) over 13.50 m. These zones start 125 m and 137 m, respectively, down-hole from the E1E-Zone, both with apparent moderate to low-angle relative to the core axis, suggesting an oblique orientation relative to the drill hole azimuth (see “Other Zones”). As a result, true width and geometry are unknown at this time and core length is reported. Drill hole MH27-07 was drilled as a step-out to follow up on these zones; however, did not encounter the same zone. Additional interpretation is ongoing to determine the geometry of the zones, and optimal orientation for follow up drilling.

Both MH27-06 and MH27-07 also intersected a mineralized zone in the hanging wall, 25 m up-hole from the E1E-Zone, returning 25.71 g/t Au (25.71 g/t cut) over 5.0 m, and 10.35 g/t Au (10.35 g/t cut) over 4.65 m, respectively. True width is unknown at this time and core length is reported.

Underground Exploration Drilling

Underground drilling from the 620- and 840-level exploration drifts continues to extend high-grade gold mineralization along strike to the east of Mineral Reserves and Resources in the middle portion of Island East (between vertical depths of 500 m and 1,000 m). Drillhole 840-632-11 was drilled from the eastern extent of the 840-level exploration drift and intersected 14.82 g/t Au (14.82 g/t cut) over 3.68 m, 120 m to the east of the nearest Mineral Resource.

New highlights in the E1E-Zone include (Figure 1, Table 2):

  • 49.51 g/t Au (49.51 g/t cut) over 2.27 m (840-608-34);

  • 27.22 g/t Au (27.22 g/t cut) over 2.16 m (620-580-09);

  • 14.82 g/t Au (14.82 g/t cut) over 3.68m (840-632-11);

  • 24.41 g/t Au (24.41 g/t cut) over 2.13 m (840-608-32);

  • 25.27 g/t Au (21.18 g/t cut) over 2.36 m (620-624-09);

  • 11.50 g/t Au (11.50 g/t cut) over 2.73 m (620-633-08);

  • 12.17 g/t Au (12.17 g/t cut) over 2.39 m (840-584-35); and

  • 10.48 g/t Au (10.48 g/t cut) over 2.25 m (620-562-10).

Other Zones

The Island Gold Deposit consists of a number of sub-parallel mineralized structures, with the majority of Mineral Reserves and Resources defined in the C/E1E structure which constitute the main production horizons at the Island Gold Mine. As underground development advances, these sub-parallel hanging wall and footwall structures can be targeted with step-out drilling from underground drill platforms. As demonstrated with the above noted newly defined B, G, and G1 Zones, through additional drilling these zones have the potential to be converted into new Mineral Reserves and Resources adjacent to existing underground infrastructure.

High-grade gold mineralization has been previously intersected from surface and underground drilling throughout the hanging wall and footwall across the 2 km strike extent of the Island Gold Deposit. These intersections are high-priority exploration targets outside of the main C/E1E Zone, which currently hosts the majority (94%) of the known Mineral Reserves and Resources at the Island Gold Mine.

Step-out underground exploration drilling targeting these zones can be completed once underground development has been established. This drilling allows for the confirmation of the geometry and potential continuity of mineralization with the objective of defining new Mineral Resources. These hanging wall and footwall exploration opportunities provide potential further upside to define additional Mineral Reserves and Resources outside of the main C/E1E-Zone in proximity to underground development, which would enhance the ounce per vertical metre profile, and provide multiple mining horizons from the same lateral development levels.

The following are highlights of new hanging wall and footwall intersections from underground and surface exploration drilling where the geometry and continuity is not yet established (“Unknown Zone”) (reported composite intervals are core lengths) (Tables 1 and 2):

  • 116.04 g/t Au (116.04 g/t cut) over 2.80 m (840-632-07);

  • 20.67 g/t Au (20.67 g/t cut) over 13.50 m (MH27-06);

  • 29.81 g/t Au (29.81 g/t cut) over 6.40 m (MH27-06);

  • 10.35 g/t Au (10.35 g/t cut) over 4.65 m (MH27-06);

  • 58.54 g/t Au (58.54 g/t cut) over 2.60 m (840-572-37);

  • 53.22 g/t Au (53.22 g/t cut) over 2.50 m (360-594-01);

  • 49.57 g/t Au (49.57 g/t cut) over 2.10 m (840-632-05);

  • 41.28 g/t Au (41.28 g/t cut) over 2.10 m (840-632-10);

  • 31.02 g/t Au (31.02 g/t cut) over 2.20 m (840-632-08);

  • 11.75 g/t Au (11.75 g/t cut) over 2.20 m (620-633-01);

  • 11.33 g/t Au (11.33 g/t cut) over 3.05 m (340-608-07);

  • 12.13 g/t Au (12.13 g/t cut) over 2.75 m (770-467-14); and

  • 14.86 g/t Au (14.86 g/t cut) over 2.20 m (360-594-04).

Qualified Persons

Scott R.G. Parsons, P.Geo., FAusIMM, Alamos Gold’s Vice President, Exploration, has reviewed and approved the scientific and technical information contained in this news release. Scott R.G. Parsons is a “Qualified Person” as defined by Canadian Securities Administrators’ National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

Exploration programs at the Island Gold Mine are directed by Raynald Vincent, P.Eng., M.G.P., Exploration Superintendent at the Island Gold Mine. Raynald Vincent is a “Qualified Person” as defined by Canadian Securities Administrators’ National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

Quality Assurance and Quality Control

Alamos Gold maintains an internal Quality Assurance / Quality Control (QA/QC) program at the Island Gold Mine to ensure sampling and analysis of all exploration work is conducted in accordance with best practices.

Access to the Island Gold Mine is controlled by security personnel. Drill core is logged and sampled at the core logging facility within the mine site under the supervision of a Qualified Geologist. A geologist marks the individual samples for analysis, and sample intervals, sample numbers, standards and blanks are entered into the database. The core is cut in half using an electric core saw equipped with a diamond tipped blade. One half of the core is placed into a plastic sample bag and sealed with zip ties in preparation for shipment. The other half of the core is returned to the core box and retained for future reference. The samples are placed in large heavy-duty nylon reinforced Fabrene bags, which are identified and sealed before being placed on pallets. The core samples are picked up at the mine site and delivered to AGAT laboratory in Thunder Bay, Ontario.

Gold is analyzed by a 50 grams fire assay with an Atomic Absorption (AA) finish. Samples greater than 10.0 g/t Au are re-analyzed using gravimetric finish methods. AGAT is a certified laboratory and has internal quality control (“QC”) programs that include insertion of reagent blanks, reference materials, and pulp duplicates.

The Corporation inserts QC samples (blanks and reference materials) at regular intervals to monitor laboratory performance. Cross check assays are completed on a regular basis in a secondary accredited laboratory. The QA/QC procedures are more completely described in the Technical Report filed on SEDAR August 29, 2022.

About Alamos

Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 1,900 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Scott K. Parsons

 

Vice President, Investor Relations

 

(416) 368-9932 x 5439

 

All amounts are in United States dollars, unless otherwise stated.

The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.

Cautionary Note

This news release includes certain statements that constitute forward-looking information within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements"). All statements in this news release other than statements of historical fact, which address events, results, outcomes or developments that Alamos expects to occur are forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as “continue”, "expect", "plan", "estimate", “target”, “budget”, “prospective” or “potential” or variations of such words and phrases and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved or the negative connotation of such terms.

Such statements in this news release include, without limitation, statements with respect to planned exploration programs and focuses, potential drilling results and related expectations, costs and expenditures, project economics, gold price assumptions, potential mineralization, projected ore grades, opportunities to add near mine and further high-grade Mineral Reserves and Resources, potential additions to the mine plan, extension of Inferred Mineral Resources, expected increases in the value of operations, and other information that is based on forecasts and projections of future operational, geological or financial results, estimates of amounts not yet determinable and assumptions of management.

Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of Mineral Resource. A Mineral Resource that is classified as "inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "Indicated Mineral Resource" or "Inferred Mineral Resource" will ever be upgraded to a higher category of Mineral Resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into Proven and Probable Mineral Reserves.

Alamos cautions that forward-looking statements are necessarily based upon several factors and assumptions that, while considered reasonable by management at the time of making such statements, are inherently subject to significant business, economic, technical, legal, political and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, and undue reliance should not be placed on such statements and information.

These factors and assumptions include, but are not limited to: the actual results of current exploration activities, conclusions of economic and geological evaluations, changes in project parameters as plans continue to be refined, operations may be exposed to widespread pandemic; the impact of the COVID-19 pandemic on the broader market; state and federal orders or mandates (including with respect to mining operations generally or auxiliary businesses or services required for the Company’s operations) in Canada, Mexico and other jurisdictions in which the Company does or may conduct business; the duration of regulatory responses to the COVID-19 pandemic; changes in national and local government legislation, controls or regulations; failure to comply with environmental and health and safety laws and regulations; labour and contractor availability (and being able to secure the same on favourable terms); ability to sell or deliver gold doré bars; disruptions in the maintenance or provision of required infrastructure and information technology systems; fluctuations in the price of gold or certain other commodities such as, diesel fuel, natural gas, and electricity; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges and changes to production estimates (which assume accuracy of projected ore grade, mining rates, recovery timing and recovery rate estimates and may be impacted by unscheduled maintenance); changes in foreign exchange rates (particularly the Canadian dollar, U.S. dollar, and Mexican peso); the impact of inflation; employee and community relations; litigation and administrative proceedings; disruptions affecting operations; availability of and increased costs associated with mining inputs and labour; delays in the development or updating of mine plans; inherent risks and hazards associated with mining and mineral processing including environmental hazards, industrial accidents, unusual or unexpected formations, pressures and cave-ins; the risk that the Company’s mines may not perform as planned; uncertainty with the Company's ability to secure additional capital to execute its business plans; the speculative nature of mineral exploration and development, risks in obtaining and maintaining necessary licenses, permits and authorizations, contests over title to properties; expropriation or nationalization of property; political or economic developments in Canada or Mexico and other jurisdictions in which the Company may carry on business in the future; increased costs and risks related to the potential impact of climate change; the costs and timing of construction and development of new deposits; risk of loss due to sabotage, protests and other civil disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; and business opportunities that may be pursued by the Company.

For a more detailed discussion of such risks and other factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this news release, see the Company’s latest 40-F/Annual Information Form and Management’s Discussion and Analysis, each under the heading “Risk Factors”, available on the SEDAR website at www.sedar.com or on EDGAR at www.sec.gov. The foregoing should be reviewed in conjunction with the information and risk factors and assumptions found in this news release.

The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether written or oral, or whether as a result of new information, future events or otherwise, except as required by applicable law.

Note to U.S. Investors – Mineral Reserve and Resource Estimates

Unless otherwise indicated, all Mineral Resource and Mineral Reserve estimates included in this news release have been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the “CIM Standards”). NI 43-101 is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Mining disclosure in the United States was previously required to comply with SEC Industry Guide 7 (“SEC Industry Guide 7”) under the United States Securities Exchange Act of 1934, as amended. The U.S. Securities and Exchange Commission (the “SEC”) has adopted final rules, to replace SEC Industry Guide 7 with new mining disclosure rules under sub-part 1300 of Regulation S-K of the U.S. Securities Act (“Regulation S-K 1300”) which became mandatory for U.S. reporting companies beginning with the first fiscal year commencing on or after January 1, 2021. Under Regulation S-K 1300, the SEC now recognizes estimates of “Measured Mineral Resources”, “Indicated Mineral Resources” and “Inferred Mineral Resources”. In addition, the SEC has amended its definitions of “Proven Mineral Reserves” and “Probable Mineral Reserves” to be substantially similar to international standards.

Investors are cautioned that while the above terms are “substantially similar” to CIM Definitions, there are differences in the definitions under Regulation S-K 1300 and the CIM Standards. Accordingly, there is no assurance any mineral reserves or mineral resources that the Company may report as “proven mineral reserves”, “probable mineral reserves”, “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under NI 43-101 would be the same had the Company prepared the mineral reserve or mineral resource estimates under the standards adopted under Regulation S-K 1300. U.S. investors are also cautioned that while the SEC recognizes “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under Regulation S-K 1300, investors should not assume that any part or all of the mineralization in these categories will ever be converted into a higher category of mineral resources or into mineral reserves. Mineralization described using these terms has a greater degree of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves. Accordingly, investors are cautioned not to assume that any measured mineral resources, indicated mineral resources, or inferred mineral resources that the Company reports are or will be economically or legally mineable.


Table 1: Island Gold – Previously Unreleased Select Composite Intervals from Surface Exploration Drilling

Composite intervals greater than 3 g/t Au weighted average, capping values:
Island Main and East @ 185 g/t Au, Island West @ 225 g/t Au.

Hole ID

Zone

Target Area

From (m)

To (m)

Core Length (m)

True Width (m)

Au Uncut (g/t)

Au Cut (g/t)

Vertical Depth (m)

MH27-06

E1E

Island East

1615.34

1624.50

9.16

7.28

10.45

10.45

1538

MH27-07

E1E

Island East

1615.85

1626.15

10.30

8.01

22.17

22.17

1540

MH27-08

E1E

Island East

1586.00

1595.30

9.30

 7.79

110.17

52.08

1502

MH30-02

E1E

Island Main

1811.50

1814.75

3.25

2.50

23.21

23.21

1666

MH33-01

C

Island West

785.90

795.10

9.20

5.05

97.21

58.55

733

MH27-06

Unknown

Island East

1589.00

1594.00

5.00

 

25.71

25.71

1511

MH27-06

Unknown

Island East

1751.20

1757.60

6.40

 

29.81

29.81

1666

MH27-06

Unknown

Island East

1769.90

1783.40

13.50

 

20.67

20.67

1687

MH27-07

Unknown

Island East

1585.20

1589.85

4.65

 

10.35

10.35

1508


Table 2: Island Gold – Previously Unreleased Select Composite Intervals from Underground Exploration Drilling

Composite intervals greater than 3 g/t Au weighted average, capping values:
Island West (C-zone) @ 225 g/t Au; Island Main and East (E1E Zone) @ 185 g/t Au. B Zone @ 90 g/t Au; D1 and G1 Zones @ 45 g/t Au; G Zone @ 70 g/t Au.

Hole ID

Zone

Target Area

From (m)

To (m)

Core Length (m)

True Width (m)

Au Uncut (g/t)

Au Cut (g/t)

Vertical Depth (m)

770-467-08

B

Island West

12.15

14.80

2.65

2.53

9.48

9.48

790

770-467-10

B

Island West

16.90

20.55

3.65

2.65

73.16

47.35

780

770-467-11

B

Island West

33.90

40.40

6.50

5.07

34.41

22.77

781

770-467-12

B

Island West

12.10

15.15

3.05

2.33

525.28

80.26

783

770-467-13

B

Island West

16.20

19.45

3.25

2.58

226.16

32.33

777

770-467-14

B

Island West

17.70

20.30

2.60

2.53

37.75

36.54

776

770-468-01A

B

Island West

13.00

15.90

2.90

2.61

91.14

35.59

787

770-468-02

B

Island West

16.20

19.95

3.75

3.15

72.03

44.05

782

770-468-03

B

Island West

14.00

16.20

2.20

2.11

51.17

37.18

790

770-468-04A

B

Island West

13.75

16.80

3.05

3.02

7.37

7.37

793

770-468-05

B

Island West

14.00

17.00

3.00

2.56

3.13

3.13

785

770-468-07

B

Island West

15.00

17.60

2.60

2.32

38.96

20.83

792

770-471-02

B

Island West

48.00

50.30

2.30

2.27

6.21

6.21

805

770-474-16

B

Island West

8.70

10.90

2.20

2.02

4.22

4.22

790

770-474-19

B

Island West

7.50

10.20

2.70

2.45

6.35

6.35

795

790-450-01

B

Island West

182.90

185.40

2.50

2.10

5.50

5.50

846

790-450-02

B

Island West

159.65

161.75

2.10

2.07

31.79

26.36

798

790-459-01

B

Island West

337.00

340.90

3.90

2.03

8.65

8.65

1077

790-459-02

B

Island West

287.00

292.00

5.00

2.12

3.75

3.75

1019

790-459-03

B

Island West

213.95

216.45

2.50

2.40

9.29

9.29

898

790-460-07

B

Island West

197.30

202.80

5.50

3.20

8.83

8.83

703

740-471-44A

C

Island West

870.00

875.00

5.00

2.53

3.15

3.15

1478

790-450-01

C

Island West

148.45

150.80

2.35

2.03

3.19

3.19

842

790-450-03

C

Island West

163.10

166.90

3.80

2.28

5.18

5.18

889

790-450-06

C

Island West

193.80

197.60

3.80

2.18

22.40

22.40

940

790-459-01

C

Island West

299.50

304.20

4.70

2.49

3.75

3.75

1049

790-460-05

C

Island West

110.75

113.85

3.10

2.99

3.35

3.35

809

790-460-05A

C

Island West

110.00

113.60

3.60

3.50

5.75

5.75

809

790-460-06

C

Island West

99.10

103.00

3.90

3.69

8.37

8.37

786

790-460-07

C

Island West

112.00

114.70

2.70

2.27

12.83

12.83

756

790-460-10

C

Island West

104.70

107.90

3.20

2.79

12.07

12.07

766

790-465-12

C

Island West

107.00

112.00

5.00

2.18

13.91

13.91

898

790-465-13B

C

Island West

89.30

92.30

3.00

2.02

11.29

11.29

876

840-530-05

C

Island West

705.00

710.60

5.60

2.14

5.89

5.89

1464

790-450-05

D1

Island West

93.50

96.30

2.80

2.46

15.25

10.92

863

790-450-06

D1

Island West

101.30

104.50

3.20

2.61

4.06

4.06

887

340-608-07

E1E

Island East

88.10

90.80

2.70

2.14

3.71

3.71

260

620-562-03

E1E

Island East

128.40

131.30

2.90

2.66

4.66

4.66

517

620-562-04

E1E

Island East

135.40

139.00

3.60

3.14

5.04

5.04

497

620-562-10

E1E

Island East

250.25

253.45

3.20

2.25

10.48

10.48

740

620-580-09

E1E

Island East

85.20

87.60

2.40

2.16

27.22

27.22

545

620-624-09

E1E

Island East

100.70

103.40

2.70

2.36

25.27

21.18

570

620-624-10

E1E

Island East

93.00

95.40

2.40

2.22

5.31

5.31

542

620-624-13

E1E

Island East

209.85

214.70

4.85

2.28

3.82

3.82

702

620-633-05

E1E

Island East

91.40

94.80

3.40

2.76

4.32

4.32

509

620-633-08

E1E

Island East

85.80

88.60

2.80

2.73

11.50

11.50

565

840-584-35

E1E

Island East

168.95

171.35

2.40

2.39

12.17

12.17

782

840-584-36

E1E

Island East

166.10

168.80

2.70

2.69

4.01

4.01

808

840-590-27

E1E

Island East

161.70

164.50

2.80

2.08

6.07

6.07

906

840-608-32

E1E

Island East

135.25

137.60

2.35

2.13

24.41

24.41

803

840-608-34

E1E

Island East

146.00

148.70

2.70

2.27

49.51

49.51

811

840-632-02

E1E

Island East

141.00

143.50

2.50

2.40

3.10

3.10

829

840-632-05

E1E

Island East

135.00

137.15

2.15

2.08

6.31

6.31

840

840-632-11

E1E

Island East

157.25

161.50

4.25

3.68

14.82

14.82

754

920-630-06

E1E

Island East

94.10

97.40

3.30

2.14

5.81

5.81

945

770-467-08

G

Island West

71.70

74.00

2.30

2.14

22.81

22.81

796

770-468-02

G

Island West

74.00

76.20

2.20

2.11

4.00

4.00

766

770-471-01A

G

Island West

90.00

92.65

2.65

2.14

5.86

5.86

837

770-471-02

G

Island West

72.80

75.60

2.80

2.34

14.01

13.65

813

770-474-26

G

Island West

80.35

83.00

2.65

2.59

10.20

10.20

744

770-467-13

G1

Island West

149.20

151.80

2.60

2.02

50.55

5.78

704

770-467-14

G1

Island West

153.00

155.70

2.70

2.33

37.15

15.97

697

770-474-17

G1

Island West

107.30

110.80

3.50

3.44

7.00

7.00

782

770-474-18

G1

Island West

104.50

106.70

2.20

2.14

4.06

4.06

767

770-474-19

G1

Island West

124.40

127.00

2.60

2.00

38.50

19.68

859

770-474-20

G1

Island West

104.00

107.00

3.00

2.96

7.24

7.24

765

770-474-22

G1

Island West

115.05

117.65

2.60

2.31

9.32

9.32

827

770-474-23

G1

Island West

108.05

110.45

2.40

2.13

5.13

5.13

831

340-608-07

Unknown

 

80.50

83.55

3.05

 

11.33

11.33

265

360-594-01

Unknown

 

147.70

149.90

2.20

 

3.10

3.10

349

360-594-01

Unknown

 

203.20

206.40

3.20

 

5.19

5.19

353

360-594-01

Unknown

 

52.70

55.20

2.50

 

53.22

53.22

344

360-594-03

Unknown

 

211.90

214.10

2.20

 

5.35

5.35

278

360-594-04

Unknown

 

50.20

52.40

2.20

 

14.86

14.86

344

620-633-01

Unknown

 

56.60

58.80

2.20

 

11.75

11.75

576

740-471-46

Unknown

 

101.00

104.60

3.60

 

4.11

4.11

830

740-471-46

Unknown

 

336.70

340.55

3.85

 

6.96

6.96

984

740-471-47

Unknown

 

376.80

379.70

2.90

 

9.97

9.97

994

770-467-10

Unknown

 

23.65

26.80

3.15

 

6.33

6.33

778

770-467-13

Unknown

 

27.25

30.05

2.80

 

4.05

4.05

771

770-467-14

Unknown

 

27.80

30.55

2.75

 

12.13

12.13

770

790-450-01

Unknown

 

142.70

145.10

2.40

 

3.08

3.08

841

790-450-01

Unknown

 

33.70

36.75

3.05

 

7.01

7.01

829

790-450-01

Unknown

 

54.40

56.65

2.25

 

7.60

7.60

831

790-450-03

Unknown

 

57.10

59.90

2.80

 

3.68

3.68

848

790-450-03

Unknown

 

31.10

34.95

3.85

 

4.54

4.54

838

790-450-04

Unknown

 

301.70

304.40

2.70

 

3.26

3.26

687

790-450-05

Unknown

 

28.30

30.70

2.40

 

9.10

7.91

838

840-572-37

Unknown

 

159.00

161.60

2.60

 

58.54

58.54

972

840-572-38

Unknown

 

206.20

208.55

2.35

 

3.80

3.80

1006

840-632-04

Unknown

 

106.65

109.00

2.35

 

3.03

3.03

796

840-632-05

Unknown

 

131.10

133.20

2.10

 

49.57

49.57

840

840-632-07

Unknown

 

146.10

148.90

2.80

 

116.04

116.04

913

840-632-08

Unknown

 

103.30

105.70

2.40

 

5.60

5.60

776

840-632-08

Unknown

 

109.10

111.30

2.20

 

31.02

31.02

773

840-632-10

Unknown

 

101.60

103.70

2.10

 

41.28

41.28

857


Table 3: Surface exploration drill holes; azimuth, dip, drilled length, and collar location at surface (UTM NAD83)

Hole ID

Azimuth (°)

Dip
(°)

Drilled Length (m)

UTM Easting (m)

UTM Northing (m)

UTM Elevation (m)

Comments

MH25-12

335

-80

861

692320

5351076

393

Cut from MH25-11 at 1006 m

MH26-06

339

-79

1098

692210

5351208

394

Cut from MH26-05 at 671 m

MH26-07

339

-79

995

692210

5351208

394

Cut from MH26-06 at 843 m

MH26-08

339

-79

615

692210

5351208

394

Cut from MH26-07 at 1202 m

MH27-03

338

-76

614

692344

5351146

392

Cut from MH27-02 at 1113 m

MH27-04

338

-76

937

692344

5351146

392

Cut from MH27-03 at 823 m

MH27-06

338

-76

1413

692344

5351146

392

Cut from MH27-01 at 563 m

MH27-07

338

-76

593

692344

5351146

392

Cut from MH27-06 at 1399 m

MH27-08

338

-76

1395

692344

5351146

392

Cut from MH27-01 at 605 m

MH28-02

253

-84

763

692701

5351670

391

Cut from MH28-01B at 1152 m

MH28-03

253

-84

1216

692701

5351670

391

Cut from MH28-01B at 763 m

MH28-04

253

-84

954

692701

5351670

391

Cut from MH28-03 at 1043 m

MH28-05

253

-84

974

692701

5351670

391

Cut from MH28-01A at 1060 m

MH29-01

308

-79

1757

691319

5350979

395

 

MH29-02

308

-79

1314

691319

5350979

395

Cut from MH29-01 at 518 m

MH30-01

325

-77

1985

692051

5350830

394

 

MH30-02

325

-77

671

692051

5350830

394

Cut from MH30-01 at 1255 m

MH31-01

338

-80

1779

691003

5350847

395

 

MH31-02

338

-80

628

691003

5350847

395

Cut from MH31-01 at 1225 m

MH31-03

338

-80

840

691003

5350847

395

Cut from MH31-01 at 1049 m

MH33-01

318

-72

981

690225

5351183

382

 

21IGX009

344

-59

1013

692312

5351992

401

 

21IGX010

316

-65

1452

692595

5351636

396

 

21IGX011

331

-51

754

691961

5351901

394

 

21IGX012

331

-62

755

691961

5351901

394

 

21IGX013

312

-57

1304

692593

5351639

390

 

21IGX013W1

312

-57

550

692593

5351639

390

Cut from 21IGX013 at 751 m

21IGX014

331

-45

720

691961

5351901

394

 

Note: UTM mine surface elevation 393 m


Table 4: Underground exploration drill holes; azimuth, dip, drilled length, and collar location at surface (UTM NAD83).

Hole ID

Azimuth (°)

Dip (°)

Drilled Length (m)

UTM Easting (m)

UTM Northing (m)

UTM Elevation (m)

340-608-04

148

-18

135

691517

5352227

62

340-608-05

148

-31

189

691517

5352227

62

340-608-06

148

-38

237

691517

5352227

61

340-608-07

158

51

126

691517

5352227

65

340-614-01

146

-36

231

691571

5352255

63

340-614-02

159

-25

168

691570

5352255

63

340-614-03A

147

-10

228

691570

5352254

64

340-614-04

156

49

126

691570

5352255

66

360-594-01

330

1

351

691390

5352160

50

360-594-03

330

19

228

691391

5352160

50

360-594-04

349

1

219

691392

5352161

49

620-562-03

145

45

162

691130

5351956

-217

620-562-04

145

55

168

691130

5351956

-217

620-562-05

158

34

159

691130

5351955

-220

620-562-06

158

12

165

691130

5351955

-220

620-562-07

181

44

168

691130

5351955

-220

620-562-09

168

-27

270

691130

5351955

-220

620-562-10

162

-31

285

691130

5351955

-220

620-562-11

159

-22

240

691130

5351955

-220

620-562-12

151

-28

261

691130

5351955

-220

620-580-08

128

74

159

691311

5351989

-212

620-580-09

134

44

120

691313

5351988

-213

620-623-14

154

-33

271

691707

5352177

-208

620-624-02A

134

30

129

691714

5352180

-206

620-624-03

139

56

132

691713

5352179

-206

620-624-04

144

-35

282

691713

5352180

-209

620-624-05

146

-23

195

691713

5352180

-208

620-624-08

201

46

135

691711

5352179

-205

620-624-09

186

15

129

691711

5352179

-207

620-624-10

184

37

126

691713

5352179

-208

620-624-11

169

-13

186

691712

5352179

-208

620-624-12

162

-22

201

691712

5352179

-209

620-624-13

149

-31

243

691712

5352179

-208

620-624-14

141

-32

270

691712

5352180

-209

620-624-15

144

-25

261

691712

5352180

-209

620-624-16

176

21

114

691711

5352179

-207

620-624-17

169

-19

186

691712

5352179

-208

620-633-01

130

21

129

691794

5352217

-205

620-633-02

136

-31

276

691794

5352217

-207

620-633-03

138

-8

162

691794

5352217

-206

620-633-05

148

70

159

691793

5352217

-203

620-633-06A

150

-19

186

691793

5352217

-206

620-633-07

154

-27

225

691793

5352217

-206

620-633-08

166

22

126

691793

5352216

-205

740-471-40A

133

-66

845

690297

5351608

-369

740-471-44A

106

-63

933

690297

5351608

-369

740-471-46

333

-40

834

690293

5351610

-369

740-471-47

304

-35

930

690288

5351608

-369

770-467-08

145

-6

87

690303

5351482

-395

770-467-09

136

10

84

690303

5351483

-395

770-467-10

148

22

87

690303

5351483

-394

770-467-11

158

11

57

690302

5351483

-395

770-467-12

173

19

90

690302

5351482

-394

770-467-13

170

31

159

690302

5351482

-393

770-467-14

178

35

168

690302

5351482

-394

770-468-01A

177

6

96

690310

5351486

-395

770-468-02

165

17

90

690310

5351486

-395

770-468-03

165

-6

93

690310

5351486

-396

770-468-04A

160

-15

96

690310

5351486

-396

770-468-05

149

11

84

690311

5351486

-395

770-468-06

141

-1

87

690311

5351486

-395

770-468-07

145

-12

96

690311

5351486

-396

770-471-01A

160

-30

138

690348

5351496

-397

770-471-02

175

-17

125

690348

5351496

-397

770-474-16

140

-1

138

690370

5351502

-396

770-474-17

149

4

144

690370

5351502

-396

770-474-18

158

11

162

690370

5351501

-396

770-474-19

159

-33

168

690369

5351501

-397

770-474-20

166

13

168

690369

5351501

-396

770-474-21

166

-12

153

690369

5351501

-397

770-474-22

171

-18

150

690369

5351501

-397

770-474-23

175

-22

156

690369

5351501

-397

770-474-24

150

-3

165

690370

5351502

-396

770-474-25

139

31

126

690370

5351502

-395

770-474-26

156

32

126

690370

5351502

-395

770-474-28

145

12

123

690370

5351502

-396

790-450-01

188

-5

195

690104

5351528

-433

790-450-02

183

9

195

690105

5351528

-432

790-450-03

188

-21

200

690104

5351528

-433

790-450-04

163

24

321

690105

5351528

-431

790-450-05

157

-23

204

690106

5351529

-433

790-450-06

153

-36

258

690106

5351529

-433

790-459-01

149

-47

402

690167

5351590

-434

790-459-02

159

-41

324

690167

5351590

-434

790-459-03

164

-21

282

690167

5351590

-434

790-460-02

147

-17

192

690192

5351553

-434

790-460-03

156

-10

159

690192

5351553

-434

790-460-04

161

-21

234

690192

5351553

-434

790-460-05

170

9

189

690192

5351552

-433

790-460-05A

170

9

189

690191

5351552

-434

790-460-06

173

24

237

690192

5351552

-432

790-460-07

173

38

225

690191

5351552

-431

790-460-08

175

48

186

690193

5351553

-431

790-460-09

164

41

201

690194

5351554

-432

790-460-10

164

34

186

690194

5351553

-432

790-460-11

168

17

180

690193

5351553

-433

790-460-12

164

25

120

690194

5351554

-433

790-465-12

152

-44

399

690256

5351538

-429

790-465-13B

159

-36

147

690256

5351538

-429

840-530-04A

178

-64

852

690848

5351794

-469

840-530-05

178

-64

249

690848

5351794

-469

840-572-37

162

-47

396

691247

5351951

-460

840-572-38

154

-46

396

691247

5351951

-460

840-584-31

146

24

207

691378

5351957

-454

840-584-34

151

34

198

691378

5351957

-454

840-584-35

152

22

201

691378

5351957

-455

840-584-36

155

13

186

691378

5351957

-455

840-584-37

159

34

198

691377

5351957

-454

840-590-24

153

-26

183

691442

5351958

-455

840-590-27

137

-21

207

691442

5351958

-455

840-602-30

176

-11

177

691560

5351985

-453

840-608-30

169

-11

171

691617

5352008

-452

840-608-32

147

16

150

691618

5352008

-451

840-608-34

141

12

162

691618

5352008

-451

840-608-38

151

-5

174

691618

5352008

-452

840-632-01

122

-15

174

691836

5352115

-447

840-632-02

122

3

168

691833

5352113

-447

840-632-03

120

22

171

691836

5352116

-446

840-632-04

137

20

156

691836

5352115

-446

840-632-05

140

-3

156

691836

5352115

-446

840-632-06C

133

55

177

691833

5352113

-447

840-632-07

146

-29

201

691835

5352115

-448

840-632-08

146

34

153

691836

5352115

-445

840-632-09

159

51

165

691835

5352115

-444

840-632-10

172

-10

186

691834

5352114

-447

840-632-11

107

30

192

691836

5352117

-445

840-632-12A

109

14

237

691833

5352113

-447

840-632-13

109

-12

201

691836

5352116

-447

920-630-05

190

7

90

691853

5352006

-534

920-630-06

192

-13

111

691854

5352006

-534

920-630-07

186

-28

123

691854

5352006

-534

920-630-09

174

16

99

691855

5352006

-532

920-630-10

168

-22

102

691855

5352007

-534

920-630-11

147

19

87

691856

5352007

-532

920-630-12

172

-7

81

691855

5352006

-533

920-630-13

177

34

102

691855

5352006

-531

920-630-14

196

32

123

691854

5352006

-531

920-630-15

206

17

120

691853

5352005

-532

Note: UTM mine surface elevation 393 m


Figure 1: Island Gold Mine – C/E1E/E1EN Longitudinal, New Underground and Surface Exploration Drilling Results


Figure 2: Island Gold West (C-Zone) Longitudinal – Surface and Underground Exploration Drilling Results


Figure 3: Island Gold East (E1E-Zone) Longitudinal – Underground Exploration Drilling Results


Figure 4: Island Gold Mine B-Zone Longitudinal – Underground Exploration Drilling Results


Figure 5: Island Gold Mine G-Zone Longitudinal – Underground Exploration Drilling Results

        


Figure 6: Island Gold Mine G1-Zone Longitudinal – Underground Exploration Drilling Results


Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/7148aeb8-c0b0-4873-a09f-46fbc0be497e

https://www.globenewswire.com/NewsRoom/AttachmentNg/ed1bc839-df01-42a1-80da-886c18913d16

https://www.globenewswire.com/NewsRoom/AttachmentNg/d7b79e25-db59-4cd5-9ad8-8e8f01de132f

https://www.globenewswire.com/NewsRoom/AttachmentNg/ef0046dd-02e0-4170-9539-40e4e0b0e609

https://www.globenewswire.com/NewsRoom/AttachmentNg/43aefbdc-dcb4-4ca7-9160-8b14cff121c2

https://www.globenewswire.com/NewsRoom/AttachmentNg/3833a095-738d-47ba-9ec1-3ab71f8b9191