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Enter Symbol
or Name
USA
CA



Alamos Gold Inc
Symbol AGI
Shares Issued 116,978,006
Close 2011-06-15 C$ 15.05
Market Cap C$ 1,760,518,990
Recent Sedar+ Documents

Alamos Gold drills 185.7 m of 1.60 g/t Au at Camyurt

2011-06-16 07:26 ET - News Release

Mr. John McCluskey reports

ALAMOS GOLD REPORTS 1.60 G/T OF GOLD OVER 186 METRES AT CAMYURT

Alamos Gold Inc. has released recent drill results from its continuing Camyurt exploration project in Turkey. The company believes that Camyurt has demonstrated the potential to develop into a stand-alone project.

The Camyurt project is located approximately three kilometres southeast of the company's development-stage Agi Dagi project. To date in 2011, the company has completed approximately 3,400 metres of a planned 10,000-metre drill program at Camyurt.

Notable assay results from recent drilling include:

11-CYD-12A:  131.1 metres at 0.91 gram of gold per tonne (g/t Au)

11-CYD-14:  185.7 metres at 1.60 g/t Au

11-CYD-15:  36.4 metres at 1.50 g/t Au

11-CYD-15A:  37.4 metres at 1.42 g/t Au

11-CYD-17:  176.5 metres at 1.38 g/t Au

11-CYD-19:  46.6 metres at 1.08 g/t Au

11-CYD-20:  89.6 metres at 2.34 g/t Au

The drill results highlighted above, along with the previously released results, demonstrate that the Camyurt mineralized zone is continuous for at least 700 metres along strike and is mineralized to a vertical depth of at least 200 metres. The mineralized zone remains open at depth, and the company has identified another 600 metres of potential southwest strike extension that is presently being drill tested. Assays for holes 21 through 24, intended to test a portion of this strike extension, are expected to be received within a month.

Recent drill holes, some of which twin historic holes, show systematic improvement in grade compared with their historic counterparts, principally a result of improved core recovery. Alamos's average core recovery at Camyurt is 84 per cent, while the average core recovery by previous operators was 64 per cent. Reported thicknesses significantly exceed historic holes, with downhole thickness of up to 180 metres. All the reported intervals represent oxidized mineralization, except for a few minor intervals of sulphide near the end of the deeper holes.

The company currently has two core drill rigs operating at the site. An initial resource estimate at Camyurt is planned to be included as part of the company's year-end 2011 global resource and reserve statement in the first quarter of 2012.

Turkey exploration general update

To date in 2011, the company has completed more than 11,700 metres of drilling in Turkey. The 30,000-metre program is primarily focused on infill and extension drilling of known zones of mineralization at Agi Dagi, Kirazli and Camyurt. The company plans to provide an updated mineral resource estimate for the Agi Dagi and Kirazli deposits during the third quarter of 2011.

QA/QC programs

Agi Dagi and Kirazli exploration programs are conducted under the supervision of Dominique Fournier, BSc, geology, PhD, geology, registered professional geologist, and Alamos's Turkey exploration manager. Mr. Fournier is a qualified person as defined by National Instrument 43-101 of the Canadian securities administrators.

Strict sampling and QA/QC (quality assurance/quality control) protocols are followed, including the insertion of standards, blanks and duplicates on a regular basis. Sample intervals are usually one metre to 1.5 metres. Agi Dagi samples are sent to Acme Analytical Laboratories in Ankara, Turkey, for sample preparation and then to Vancouver, B.C., Canada, or Santiago, Chile, for analysis. Analytical method is fire assay with atomic adsorption finish and gravimetric finish for individual samples with a gold concentration greater than three g/t Au. Composites presented in the assay results tables include intervals at greater than 0.2 g/t Au over a three-metre minimum width; no assays are cut unless indicated.

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