No one understands it...haha. I really would love to take a class or two on mining just so i could understand these press releases but who knows where to find one? This may help.
Alamos Gold Reports Successful Extension of High-Grade Mineralization at Island Gold Mine in Northern Ontario
BY MT Newswires
— 7:39 AM ET 05/24/2018
07:39 AM EDT, 05/24/2018 (MT Newswires) -- Alamos Gold ( AGI) shares rose marginally in Thursday's pre-market trade after it reported new results from the ongoing surface and underground exploration drilling programs at the Island Gold Mine in northern Ontario, Canada, saying that the 2018 exploration program have been successful in extending high-grade gold mineralization.
The Canadian-based intermediate gold producer said that the program extended high-grade gold mineralization along-strike and down-plunge from existing mineral reserves and resources across three main areas of focus: the main extension; the eastern extension; and the western extension. All reported lengths are true width of the mineralized zones.
In addition, the company said that, reflecting the exploration success to start the year, the 2018 exploration budget for Island Gold has been increased to $18 million, up from the initial budget of $15 million. This includes the addition of two surface drill rigs, bringing the total number of surface drills to six.
With the expanded exploration budget, 45,000 meters of surface directional exploration drilling is now planned for 2018, up from 33,000 meters. The 2018 program also includes 30,000 meters for underground exploration drilling, 35,000 meters for underground delineation drilling, and 15,000 meters for regional exploration drilling.
