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Agnico Eagle Mines Ltd.
Summary
| Project: | Amaruq | |
|---|---|---|
| Deposit: | Amaruq | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/27/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-7-2016: Agnico Eagle Mines Ltd. announces an Exploration/Drilling Update report for its Amaruq deposit at the Amaruq project. Drilling results incl. 3.1m @ 268.8g/t Au from 168.0m (uncapped, estimated true width). Agnico Eagle has a 100% interest in th | |
| Resources: | (Resource, Inf.): 16.9Mt @ 6.05g/t Au for 3.3Moz Au contained at Amaruq | |
| CP/QP: | [Overall Report]: Alain Blackburn, Guy Gosselin (Internal) | |
| ABSTRACT: | 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 most recent drill results from the Amaruq project were reported in the Company news release dated April 28, 2016. The inferred mineral resource estimate as of December 31, 2015 is 3.3 million ounces gold (16.9 million tonnes grading 6.05 g/t gold). The goals of the first phase of the 2016 exploration program were to infill and expand the known mineral resource areas and to test other favourable targets with a focus on identifying a second source of open pit ore. Drilling began at the end of January and continued through May based mainly on lake ice; the drilling since June has been land-based supported by helicopters. Exploration and infill drilling to the end of June has totalled 77,517 metres (338 holes), using up to nine rigs, completing the initial 75,000-metre 2016 drill program. Almost half of this drilling was in the IVR deposit (36,545 metres, 152 holes), with 30% at Whale Tail (24,820 metres, 103 holes) and the rest at Mammoth (16,153 metres, 83 holes). In addition, there was 2,186 metres (nine holes) related to engineering studies (rock mechanics / geotechnical drilling and metallurgical testing) in this period. Selected recent drill results are set out in the table below; drill hole collar coordinates are set out in a table in the Appendix of this news release. Drill hole collars are also shown on the Amaruq Project Local Geology Map. 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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