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Agnico Eagle Mines Ltd.
Summary
| Project: | Pinos Altos | |
|---|---|---|
| Deposit: | Madrono | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 7/27/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-7-2016: Agnico Eagle Mines Ltd. announces an Exploration/Drilling Update report for its Madrono deposit at the Pinos Altos project. Drilling results incl. 6.2m @ 4.1g/t Au, 64.5g/t Ag from 60.3m. A recent agreement allows access to the 51-hectare Madro | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alain Blackburn, Guy Gosselin (Internal) | |
| ABSTRACT: | A recent agreement allows access to the 51-hectare Madrono property for exploration and mining. Madrono is within the Pinos Altos property area, approximately 0.5 kilometres east of the Creston Mascota pit, and includes at least three gold-silver veins: Madrono, Santa Martha and El Salto. Previous mining in this area included small-scale bonanza production from underground mine development on three levels in the 1930s. Mapping, surface sampling, drilling and exploration planning for Madrono are underway. The first phase of exploration, with a $1.25-million budget, began at the end of May and will include 5,500 metres of diamond drilling to determine the extent of mineralized structures found by surface exploration. Three rigs are currently working at Madrono; 12 holes (2,978 metres) were completed to the end of June. Permits have recently been obtained for this phase of exploration drilling. The initial drilling was limited to the prior permitted locations, but drilling will now move to the higher priority targets that have become accessible through the permits obtained in June. Gold and silver grades of recent intercepts from the Madrono prospect are set out in the table below; drill hole collar coordinates are set out in a table in the Appendix of this news release. The drill hole collar locations are shown on the Madrono Prospect Local Geology Map. All intercepts reported for the Madrono prospect show uncapped gold and silver grades over estimated true widths, based on a preliminary geological interpretation that will be updated as new information becomes available with further drilling. | |
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