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A New Gold Discovery in the Abitibi Greenstone Belt of Canada Aldershot

Aldershot Resources  (ALZ.V) released results of a recently completed drill program on the Haultain discovery on the Gowganda gold project located 75 kilometres southwest of Kirkland Lake, Ont. Canada.

Highlights included 11.52 metres grading 1.63 grams per tonne (g/t) gold, including 6.21 g/t over 1.08 metres and 5.41 g/t over 1.03 metres. 

"The recent drill program has indicated there is a gold system on the Gowganda gold project that merits additional exploration. The work from the previous program is telling us to go deeper and drill along strike along a NW shear corridor around the Annie's Ladder zone," stated Greg Collins, PGeo, chief operating officer of Transition Metals Corp., who is the supervising geologist overseeing the exploration on the property on behalf of Aldershot.

Special Note:  This discovery is a short distance from one of Canada's largest gold producing mines the "Young Davidson Mine" which is 100 % owned operated by Alamos Gold Inc ( AGI.T) a major gold producer trading at $10.00 / share on the TSX.

The grades that Aldershot drilled are very comparable to what Alamos is mining at the Young Davidson.

Aldershot Drill Highlights

Drilled (2017) 11.52 m of 
1.63 g/t Gold incl. 1.08 m of 6.21 g/t Gold 

Drilled (2011) 

2.4 g/tover 7.1 m

4.7 g/tover 3.1 m

82.5 g/t over 0.4 m

1.6 g/t over 11.7 m

The Young Davidson Mine owned & operated by Alamos Gold

Production oz Au 160,358 170,000 200,000 - 210,000
Cost of Sales2 US$/oz  $1,162   $1,087 $1,050 
Total Cash Costs1 US$/oz $683 $657 $625
Mine-Site All-in Sustaining Costs1 US$/oz $986 $897 $775
(g/t Au)
Proven & Probable Reserves 43,220 2.65 3,687,000
Measured & Indicated Resources3 12,531 3.09 1,246,000
Inferred Resources 3,555 2.75 314,000

Young Davidson Mine

Aldershot Resources

Project Video

Aldershot Resources