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Agnico Eagle Mines Ltd.
Summary
| Project: | Amaruq | |
|---|---|---|
| Deposit: | White Tail, IVR | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-3-2018: Agnico Eagle Mines Ltd. announces a Resource Estimation report for its White Tail, IVR deposit at the Amaruq project. Updated resources and Initial mineral reserve at Amaruq. The Meadowbank Complex located near Baker Lake, Nunavut Territory, Ca | |
| Resources: | (Reserve, Prob.): 20.063Mt @ 3.67g/t Au for 2.366Moz Au contained at Amaruq | |
| CP/QP: | [Resources]: Robert Badiu, David Paquin Bilodeau (Internal) | |
| ABSTRACT: | The Meadowbank Complex located near Baker Lake, Nunavut Territory, Canada, includes an open pit mining operation and mineral processing plant (the “Meadowbank mine”) and a nearby open pit satellite mine development (the “Amaruq satellite project”), both of which are 100% owned by Agnico Eagle Mines Limited (“Agnico Eagle” or the “Company”) as a result of its acquisition of Cumberland Resources L td. in 2007 (thus acquiring the mineral rights at the Meadowbank mine), and its agreement with Nunavut Tunngavik Inc. (NTI) in 2013 (thus acquiring the mineral rights at Amaruq). The Meadowbank mine has been in commercial operation since March 1, 2010. Agnico Eagle is a publicly owned company based in Toronto, Ontario, Canada, whose shares are listed on the Toronto Stock Exchange and the New York Stock Exchange, and is a "Producing Issuer" according to the rules and definitions provided by the Canadian Securities Administrators’ in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). In a news release dated February 14, 2018, Agnico Eagle reported a new mineral resource and mineral reserve estimate for the Meadowbank Complex, dated December 31, 2017, including initial mineral reserves at the Amaruq project. While ore at the Meadowbank mine is expected to be depleted during 2019, the discovery of substantial mineral resources at the nearby Amaruq deposits led Agnico Eagle to conduct a prefeasibility study in 2017 into the Amaruq project (Petrucci et al., 2018) including a new mine plan extending the mine life of the Meadowbank Complex to 2025. This technical report summarizes the scientific and technical information that supports the new mine plan and the new mineral resources and reserves for the Meadowbank Complex as of December 31, 2017. It has been prepared by Agnico Eagle’s staff and Qualified Persons (as such term is defined in NI 43-101) based at the Meadowbank mine, as well as Technical Services staff, based at the Company's centre of support and development at Preissac, Quebec. | |
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