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Agnico Eagle Mines Ltd.
Summary
| Project: | Amaruq | |
|---|---|---|
| Deposit: | Amaruq | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-9-2016: Agnico Eagle Mines Ltd. announces a Resource Estimation report for its Amaruq deposit at the Amaruq project. Updated mineral resource plus new drill results incl. 3.7m @ 183.4g/t Au from 142.5m. Toronto (September 15, 2016) – Agnico Eagle Mines | |
| Resources: | (Resource, Inf.): 19.364Mt @ 5.97g/t Au for 3.714Moz Au contained at Amaruq | |
| CP/QP: | [Resources]: Daniel Doucet, David Paquin (Internal) | |
| ABSTRACT: | Toronto (September 15, 2016) – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) (“Agnico Eagle” or the “Company”) is pleased to provide an update on exploration drilling results at its Amaruq gold project in Nunavut, northern Canada. This deposit continues to grow and remains a focus for the Company given its potential and its proximity to Agnico Eagle’s Meadowbank mine and mill. This update includes an expanded mineral resource estimate for the project based on drilling through June 30, 2016. “The 2016 exploration program at Amaruq has resulted in an increase in gold resources and the delineation of a potential second source of open pit ore at the V Zone. In just a short period of time, we have seen Amaruq advance from a grassroots discovery to a significant development project with 3.7 million ounces of gold resources", said Sean Boyd, Agnico Eagle’s Vice-Chairman and Chief Executive Officer. “We anticipate an updated mineral resource estimate in February 2017, and Amaruq is expected to provide a new source of ore for the Meadowbank mill starting in 2019”, added Mr. Boyd. Agnico Eagle has a 100% interest in the Amaruq project. The large property consists of 116,717 hectares, located approximately 50 kilometres northwest of the Meadowbank mine. The I, V and R mineralized zones were discovered in 2013 shortly after the Company acquired the Amaruq property and the Whale Tail deposit was discovered in 2014, to the south of the R zone. | |
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