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Agnico Eagle Mines Ltd.
Summary
| Project: | Amaruq | |
|---|---|---|
| Deposit: | Amaruq | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/27/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-10-2016: Agnico Eagle Mines Ltd. announces an Exploration/Drilling Update report for its Amaruq deposit at the Amaruq project. Drilling results incl. 3.2m @ 209.4g/t Au from 122.0m. Agnico Eagle has a 100% interest in the Amaruq project in Nunavut, nor | |
| Resources: | (Resource, Inf.): 19.364Mt @ 5.97g/t Au for 3.714Moz Au contained at Amaruq | |
| CP/QP: | [Overall Report]: Dominique Girard (Internal) | |
| ABSTRACT: | Agnico Eagle has a 100% interest in the Amaruq project in Nunavut, northern Canada. The large property consists of 116,717 hectares of Inuit-owned and federal Crown land, located approximately 50 kilometres northwest of the Meadowbank mine. The Company is actively exploring the Amaruq deposit with the goal of potentially developing the deposit as a satellite operation to Meadowbank. Inferred mineral resources in the Whale Tail and IVR deposits at the Amaruq project are estimated to be 3.71 million ounces of gold (19.4 million tonnes grading 5.97 g/t gold) as of June 30, 2016. The last update on the exploration work on the project was the Company news release dated September 15, 2016. Drilling at Amaruq during the third quarter totaled 190 holes (49,298 metres). The total 2016 drilling to the end of September was 514 holes (124,299 metres). Recent intercepts from the project are set out in the table below and the drill hole collars are located on the Amaruq project local geology map. The pierce points are shown on the Amaruq project composite longitudinal section. Drill collar coordinators are set out in the Appendix of this news release. All intercepts reported for the Amaruq project show capped grades over estimated true widths, based on a preliminary geological interpretation that is being updated as new information becomes available with further drilling. | |
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