Mining Minutes
Alamos Reports New Mineralization At Island Gold Mine
Alamos Gold Inc. (TSX, NYSE: AGI) reports that its drilling program has discovered an extension of high-grade mineralization at the Island Gold Mine. In the “main extension,” the new findings include 118.58 grams of gold per tonne over 6.66 meters, 21.50 g/t over 7.80 meters, and 31.70 g/t over 3.81 meters. In the “western extension,” discoveries include 78.26 g/t over 2.29 meters and 19.69 g/t over 2.79 meters. Findings in the “eastern extension” include 46.13 g/t over 2.83 meters and 13.72 g/t over 7.60 meters. “Island Gold continues to impress. In less than a year since we acquired the mine, we’ve seen a 17% increase in mineral-reserve grades and significant growth in mineral reserves and resources across all categories,” says John A. McCluskey, president and chief executive officer. “Ongoing exploration success across all three extensions of the ore body, including the best surface directional hole drilled to date, demonstrate strong potential for this to continue.”
By Allen Sykora of Kitco News; asykora@kitco.com
Robert J. Chausse Named CFO Of New Gold
Monday November 05, 2018 09:08
Robert J. Chausse has been named executive vice president and chief financial officer of New Gold Inc. (TSX, NYSE American: NGD), the company reports. He has more than 25 years of international finance experience, exclusively in the mining sector, the company says. The company also announces the departure of Paula Myson from this position. Chausse’s most recent position was as CFO of Richmont Mines Inc. until the sale of the company to Alamos Gold Inc. in November 2017.
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