VANCOUVER, British Columbia, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Alio Gold Inc (TSX:ALO) (NYSE MKT:ALO) (“Alio Gold” or the “Company”), is pleased to provide the final drill results from the 2,000 metre drill program to twin previous drill holes within the pre-feasibility pit for metallurgical test work samples at its Ana Paula project in Guerrero, Mexico.
Highlights
- Final drill results received from the 2,000m drill program for metallurgical sampling, confirm high-grade mineralization and lithology in the Mineral Resource Estimate (‘MRE’) dated May 16, 2017 as per the NI 43-101 Preliminary Feasibility Study
- Drill hole 17-13 intersected 112.0m (from 8.0m to 120.0m) of 3.85 g/t gold
- Drill hole 17-14 intersected 33.1m (from 116.9m to 150.0m) of 7.07 g/t gold
- Drill hole 17-15 intersected 54.6m (from 11.6m to 66.2m) of 7.19 g/t gold
“These final results of the drill program are again a reminder of the high-grade nature of the breccia mineralization within the proposed open pit at Ana Paula and give us further confidence in our existing block model,” said Greg McCunn, Chief Executive Officer. “We are excited to be turning our attention to testing the extension of the breccia zone below the proposed pre-feasibility study pit with a 6 hole, 4,000 metre program that is expected to begin in early January. This surface drill program will be undertaken in parallel to the construction of the underground decline which is being driven into the mineralized area to allow further drill testing from underground.”
Twin hole drilling program for metallurgical samples
This program which is now completed, was intended to provide sufficient material within the proposed open pit for metallurgical testing. Drill results for hole APM-17-04 and APM-17-05 were previously announced on October 24th, 2017 and drill hole APM-17-06 through APM-17-10 were previously announced on December 4th, 2017.
| Hole NB | Material | Azimuth | Dip | Depth From |
Depth To | Au (gpt) | Interval length (m) |
Estimated True Width |
| APM-17-11 | HALO | 90 | -60 | 124.0 | 136.0 | 6.84 | 12.0 | N/A |
| including | 129.6 | 130.5 | 20.90 | 0.9 | ||||
| and including | 133.3 | 134.7 | 37.50 | 1.4 | ||||
| APM-17-11 | HALO | 153.2 | 180.0 | 2.67 | 26.8 | N/A | ||
| including | 155.1 | 156.4 | 20.80 | 1.3 | ||||
| APM-17-11 | HALO | 210.0 | 232.0 | 3.37 | 22.0 | N/A | ||
| APM-17-12 | HALO | 90 | -50 | 71.1 | 76.0 | 2.55 | 5.0 | N/A |
| HALO | 161.2 | 164.8 | 2.03 | 3.7 | N/A | |||
| APM-17-13 | HALO | 90 | -45 | 8.0 | 120.0 | 3.85 | 112.0 | N/A |
| Including | 31.5 | 33.0 | 39.10 | 1.5 | ||||
| and including | 93.5 | 95.3 | 52.70 | 1.8 | ||||
| APM-17-14 | HALO | 90 | -50 | 53.5 | 63.0 | 0.76 | 9.5 | N/A |
| HALO | 116.9 | 150.0 | 7.07 | 33.1 | ||||
| Including | 125.4 | 126.9 | 34.40 | 1.6 | ||||
| APM-17-15 | HALO | 90 | -75 | 11.6 | 66.2 | 7.19 | 54.6 | N/A |
| APM-17-16 | HALO | 90 | -50 | 22.0 | 34.0 | 1.09 | 12.0 | N/A |
| APM-17-17 | INTRS | 90 | -80 | 78.8 | 84.8 | 0.76 | 6.0 | 3.7 |
Note on true width calculation:
For the complex breccia and surrounding halo mineralization and in the monolithic breccia (MBX), the calculation of a true width is inappropriate since these units are not tabular. For the mineralization outside of these units (i.e. sediments (SED) and intrusive (INTRS)) the true width can be estimated since the mineralization is likely following the stratigraphy.
About Alio Gold
Alio Gold is a growth oriented gold mining company, focused on exploration, development and production in Mexico. Its principal assets include its 100%-owned and operating San Francisco Mine in Sonora, Mexico and its 100%-owned development stage Ana Paula Project in Guerrero, Mexico. Located within the highly prospective Guerrero Gold Belt on 56,000 hectares of underexplored land the Ana Paula Project is a high-grade, high margin project currently in the definitive feasibility stage. An underground decline to provide access for an exploration drill program has been initiated targeting the continuation of the high-grade gold mineralization below the proposed pit which has the potential to significantly enhance the robust economics of the project. The Company also has a portfolio of other exploration properties, all of which are located in Mexico.
Qualified Person
The scientific and technical content of this news release has been reviewed and approved by Pierre Desautels, P. Geo, a ‘Qualified Person’ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects who is an independent consultant to the company.
