Alamos: Extension Of High-Grade Mineralization At Island Gold Mine
Alamos Gold Inc. (TSX, NYSE: AGI) reports that underground exploration at the Island Gold Mine has resulted an extension of high-grade gold mineralization on three main areas of focus – the main, eastern and western extensions. The main extension includes one finding of 32.06 grams of gold per tonne over 4.1 meters; the eastern extension includes several findings of 35 or more g/t, including one of 71.27 g/t over 4.92 meters; and the western extension includes a finding of 31.54 g/t over 5.07 meters. Alamos reports that the exploration budget increased 20% to $18 million for 2018. Two additional surface rigs have been mobilized, bringing the total to six. “Island Gold continues to exceed expectations,” says John A. McCluskey, president and chief executive officer. “2017 exploration increased mineral reserves in both size and quality. Results this year are demonstrating the potential to enlarge the mineral resource across multiple extensions of the ore body.”
By Allen Sykora of Kitco News; email@example.com
Larry Radford Named Chief Operating Officer Of Hecla Mining
Thursday May 24, 2018 08:12
Larry Radford has been appointed chief operating officer for Hecla Mining Co. (NYSE: HL), officials report. He assumes his new duties immediately. He was previously senior vice president for operations. “Throughout his career, Larry has demonstrated a strong ability to optimize operations, and you can see this in the improved performance of Greens Creek and Casa Berardi since he joined Hecla,” says Phillips S. Baker, Jr., president and chief executive officer. “With the expected addition of the Klondex assets, Hecla is growing again and his talents will continue to be an important part of our strong team as it integrates and optimizes these new mines.” Radford joined Hecla in 2011 and has over 35 of experience in the mining industry.