Alamos Gold Inc (AGI)

[amarksp]

We should get news release pretty soon detailing the exploration program...

From May 1 press release:
"An exploration plan is being designed to systematically test the entire land package over a number of years. While the various exploration targets that are already defined will be prioritized in coming months, the natural starting point for exploration work this year is in the Mulatos Deposit area. Potential exists to define additional resources both within and external to the existing reserve base. This can potentially benefit the feasibility program underway. The exploration work that will be undertaken this year will be detailed in a future news release."

Since there are only 5 months remaining this year, this news release should be out soon..., maybe announced with 2Q03 financials?

Also, we will get news on hopefully an improved recovery rate:
"Alamos Gold intends to complete a small test heap-leach program in late 2003." At this time, the company is proposing to develop three, 2,000-tonne pads containing oxide, sulphide and mixed ore. The program is to evaluate several aspects in an attempt to improve recoveries, including finer crushing of the ore and agglomeration."

And of course, we still have that hopefully favorable Ejido Mulatos court decision resolved this month...