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AuRico Metals Inc.
Summary
| Project: | Kemess | |
|---|---|---|
| Deposit: | Kemess East | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 1/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-1-2017: AuRico Metals Inc. announces a Resource Estimation report for its Kemess East deposit at the Kemess project. Updated mineral resource estimate for Kemess East deposit. Toronto: January 13, 2017: AuRico Metals Inc. (TSX: AMI) (“AuRico” or the “C | |
| Resources: | (Resource, Ind.): 113.1Mt @ 0.38% Cu, 0.46g/t Au, 1.94g/t Ag at Kemess East | |
| CP/QP: | [Resources]: Marek Nowak (SRK Consulting (Canada) Inc.) | |
| ABSTRACT: | Toronto: January 13, 2017: AuRico Metals Inc. (TSX: AMI) (“AuRico” or the “Company”) is pleased to announce an updated National Instrument (NI) 43-101 compliant resource estimate for the Company’s 100%- owned Kemess East deposit. The overall Kemess East deposit is estimated to contain Indicated Resources of 113.1 million tonnes grading 0.38% Cu and 0.46 g/t Au and Inferred Resources of 63.8 million tonnes grading 0.34% Cu and 0.31 g/t Au. The updated resource includes a high grade core estimated to contain Indicated Resources of 67.2 million tonnes grading 0.43% Cu and 0.60 g/t Au as well as Inferred Resources of 15.2 million tonnes grading 0.41% Cu and 0.51 g/t Au; as shown in Table 1. When compared with the previous Kemess East resource (March 23, 2016 press release) Indicated tonnes in the high grade core have increased by 250% reflecting success both in expanding and upgrading the resource. The high grade core at Kemess East is associated with a strong potassic alteration zone which remains open to the north and to the south as does the overall deposit. Commenting on today’s announcement, Chris Richter, President and CEO of AuRico Metals stated, “This is a very exciting outcome to the 2016 exploration program. The updated resource is a substantial improvement compared to the 2016 resource in terms of overall tonnes, the ratio of Indicated to Inferred Resources and the number of contained ounces of gold and pounds of copper.” | |
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