Alamos Gold doubles its land base near Dubreuilville
Gold miner sees more high-grade possibilities east of its Island Gold Mine
Dec 20, 2020 1:00 PM By: Northern Ontario Business Staff
Alamos Gold has wrapped up an agreement to acquire its Dubreuilville neighbour, Trillium Mining, for $25 million.
Trillium s namesake gold project is comprised of 5,418 hectares located to the east of Alamos Island Gold Deposit. It hosts the former Edwards and Cline gold mines. Dubreuilville is 15 kilometres to the west.
In a Dec. 17 news release, Alamos said this acquisition more than doubles their land position in the area by 57 per cent. The company will have almost 15,000 hectares at its disposal in Michipicoten Greenstone Belt of this northeastern Ontario gold camp.
White Metal Resources Corp.: White Metal Samples 16.2 g/t Gold and Provides Update on Exploration Program, Tower Stock Gold Project, Ontario
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Michael Stares, President and CEO of White Metal, commented, We are very pleased with the grab sample assay results received to date. In addition to discovering new areas of elevated gold mineralization, this sampling program corroborates the presence of elevated gold concentrations on the Property and at many of the historical locations. I look forward to finishing the data compilation and moving the drill rig onto the Property early in the new year. Given the number of gold showings and different styles of gold and base metal mineralization on the Property, I am very excited about the Property potential to host an economic gold deposit or deposits.