{"id":974074,"date":"2026-06-22T06:58:15","date_gmt":"2026-06-22T10:58:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/alamos-gold-extends-high-grade-mineralization-across-multiple-targets-within-the-island-gold-district-which-represent-upside-as-potential-sources-of-additional-higher-grade-mill-feed\/"},"modified":"2026-06-22T06:58:15","modified_gmt":"2026-06-22T10:58:15","slug":"alamos-gold-extends-high-grade-mineralization-across-multiple-targets-within-the-island-gold-district-which-represent-upside-as-potential-sources-of-additional-higher-grade-mill-feed","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/alamos-gold-extends-high-grade-mineralization-across-multiple-targets-within-the-island-gold-district-which-represent-upside-as-potential-sources-of-additional-higher-grade-mill-feed\/","title":{"rendered":"Alamos Gold Extends High-Grade Mineralization Across Multiple Targets within the Island Gold District which Represent Upside as Potential Sources of Additional Higher-Grade Mill Feed"},"content":{"rendered":"
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All amounts are in United States dollars, unless otherwise stated<\/p>\n

TORONTO, June 22, 2026 (GLOBE NEWSWIRE) — Alamos Gold Inc.<\/strong> (TSX:AGI; NYSE:AGI<\/strong>) (\u201cAlamos\u201d or the \u201cCompany\u201d) today reported new results from underground and surface exploration drilling at the Island Gold Mine. Exploration drilling has defined high-grade mineralization across multiple areas which are being targeted as sources of additional higher-grade mill feed within the expanded Magino mill.<\/p>\n

This includes defining a new zone of high-grade mineralization 250 metres (\u201cm\u201d) west of underground Mineral Reserves and Mineral Resources (Island Gold West Extension), and continuing to extend mineralization within the Island West up-plunge area. Given its proximity to surface, Island West up-plunge can be mined utilizing the ramp, providing further upside potential in terms of combined underground mining rates. Additionally, the regional exploration program continues to intersect high-grade gold mineralization at the past-producing Cline-Pick, and Edwards mines, located seven kilometres (\u201ckm\u201d) from the Magino Mill (see Figure 1).<\/p>\n

“As outlined in the Expansion Study, the Island Gold District is expected to become one of the largest and lowest cost gold operations in Canada. Given our ongoing exploration success within the main Island Gold structure, and across multiple near mine targets, we expect there is further production growth to come. With multiple higher grade targets being defined within proximity to the Magino mill, and an expansion underway that will provide more than enough mill capacity, we see excellent potential to drive production higher by further increasing the proportion of higher-grade ore that will be processed within the expanded circuit,\u201d said John A. McCluskey, President and Chief Executive Officer.<\/p>\n

\n Island Gold West Extension Zone: high-grade mineralization has been intersected within a newly defined zone measuring approximately 200 by 300 m based on drilling to date. This new zone is located approximately 250 m to as much as 500 m along strike to the west of the existing Mineral Reserves and Resources of the Island Gold Deposit, and south of the Magino deposit. <\/strong>The zone remains open down-plunge and to the west, with drilling continuing to target extensions of the mineralization.\u00a0New highlights include1<\/sup>:<\/p>\n