http://www.aliogold.com/investors/news-releases/index.php?content_id=372
October 24, 2017, Vancouver, BC – Alio Gold Inc (TSX, NYSE MKT: ALO) (“Alio Gold” or the “Company”), is pleased provide new results from its exploration drill program at its 100% owned Ana Paula project in Guerrero, Mexico. The 2,000 metre drill program to twin 11 holes within the proposed pit is being carried out to confirm previous drilling and to obtain samples for metallurgical testing.
2017 Drill Highlights
- First two holes confirm the presence of high-grade mineralization and the lithology of the previous drilling that were incorporated in the current Mineral Resource Estimate (‘MRE’) dated May 16, 2017 as per the NI 43-101 Preliminary Feasibility Study1
- Drill hole 17-04 intersected 99.4m (from 51.9m to 151.3m2) of 10.8 g/t gold
- Drill hole 17-05 intersected 74.0m (from 96.0m to 170.0m) of 6.2 g/t gold
“The results of our first two metallurgical sample drill holes are a reminder of the high-grade nature of the breccia system within our proposed open pit at Ana Paula,” said Greg McCunn, Chief Executive Officer. “These holes are similar in grade and lithology to the previously drilled holes and compare favorably to the block model. These results further validate our decision to proceed with constructing an underground decline to test the known extension of the high-grade breccia system outside the current MRE, below the proposed pit.”