07:35 AM EST, 01/13/2025 (MT Newswires) -- Alamos Gold ( AGI ) on Monday reported new results from underground and surface drilling from its Island Gold Mine in Ontario.

Highlights include 67.68 g/t gold (16.07 g/t cut) over 3.61 m at Island West and 55.50 g/t gold (45.31 g/t cut) over 3.87 m at Island East.

The company said high-grade gold mineralization was also intersected within new and recently defined hanging wall and footwall zones across the main Island Gold Deposit.

"Our drilling program at Island Gold over the past year has been one of the most successful in the history of the asset in terms of the magnitude of high-grade intercepts across the lateral extent of the main deposit, and within the numerous newly defined hanging wall and footwall zones. We expect this to drive another year of growth in combined Mineral Reserves and Resources, marking the ninth consecutive year, with grades also increasing over that time frame," said John McCluskey, President and Chief Executive Officer of Alamos Gold ( AGI ).

The 2024 drilling program is expected to boost growth in mineral reserves and resources within the year-end update to be released in February, the company said.

Alamos was last seen down US$0.14, to US$19.37, in New York pre-market trading.