Alamos Gold Intersects Additional High-Grade Mineralization Across the Island Gold Deposit and Adjacent to Multiple Nearby Past-Producing Mines | AGI Stock News

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Jun 24, 2025
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  • Alamos Gold (AGI, Financial) reports significant high-grade gold mineralization at Island Gold Mine.
  • Key intersections include 21.58 g/t Au over 5.07m and 86.36 g/t Au over 2.01m.
  • Exploration budget increased to $27 million for 2025, focusing on 41,500m of underground and 18,000m of surface drilling.

Alamos Gold (AGI) has announced promising exploration results from its Island Gold Mine, signaling continued growth and expansion opportunities for the company. The recent drilling program has uncovered high-grade gold mineralization across several zones, most notably with intersections such as 21.58 grams per tonne (g/t) gold (Au) over 5.07 meters in the Island West zone and an impressive 86.36 g/t Au over 2.01 meters in the Island East Footwall. An exceptional find in the NTH Zone reported a grade of 191.26 g/t Au over 2.10 meters.

The company is boosting its exploration spend, earmarking $27 million for 2025, up from $20 million in 2024. This investment will facilitate a comprehensive drilling program that includes 41,500 meters of underground drilling and 18,000 meters of surface exploration drilling. Additionally, 30,800 meters of underground delineation drilling will aim to convert existing mineral resources into reserves.

Alamos Gold is also anticipating the release of an Island Gold District Expansion Study by Q4 2025, which is expected to integrate these latest discoveries and assess the potential for further enhancements in production capacity. The company’s efficient exploration strategy is underscored by a low discovery cost of $13 per ounce, reinforcing the economic feasibility of the Island Gold mine expansion.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.