Alamos Gold, Inc. (TSE:AGI) has released an update.
Alamos Gold Inc. has reported promising results from its underground exploration program at the Young-Davidson mine, revealing a new zone of higher-grade gold mineralization near existing infrastructure. The company’s increased $12 million exploration budget for 2024 aims to further investigate and extend mineralization, with high-grade intercepts already identified close to current reserves. These findings underscore the potential for significant production upside at the long-life Young-Davidson operation.
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