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AuRico Metals Inc.
Summary
| Project: | Kemess | |
|---|---|---|
| Deposit: | Kemess East | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 11/8/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 8-11-2016: AuRico Metals Inc. announces an Exploration/Drilling Update report for its Kemess East deposit at the Kemess project. Drilling results incl. 628m @ 0.53g/t Au, 0.41% Cu, 2.07g/t Ag, 0.005% Mo from 853m. Toronto: November 8, 2016: AuRico Metals | |
| Resources: | (Reserve, Prob.): 107.381Mt @ 0.27% Cu, 0.54g/t Au, 1.99g/t Ag at Kemess Underground | |
| CP/QP: | [Overall Report]: Wade Barnes (Not Stated) | |
| ABSTRACT: | Toronto: November 8, 2016: AuRico Metals Inc. (TSX: AMI), (“AuRico” or the “Company”) is pleased to report the full assay results from the Company’s 2016 exploration program on the Kemess Property. Drilling this season focused exclusively on step out and in-fill drilling at Kemess East (thirteen drill holes, 18,544 metres) located approximately one kilometre east of the Kemess Underground deposit and 6.5 kilometres north of the Kemess mill facility and other infrastructure. This year’s exploration program had three key objectives: to test internal gaps from previous years’ drilling, to expand the limits of the currently known deposit and to more accurately determine the location of key faults. Commenting on today’s exploration results, Chris Richter, President and CEO of AuRico Metals, stated; “This summer’s Kemess East drilling successfully achieved our objectives, particularly with regards to intersecting significant higher grade intervals in and around our Kemess East deposit but falling outside of the existing resource. We look forward to incorporating these results into an updated Kemess East resource which we plan to release in the first quarter of 2017.” The current Kemess East resource estimate (see press release dated March 23, 2016 and Technical Report dated May 6, 2016) includes a high grade core estimated to contain Indicated Resources of 19.2 million tonnes grading 0.47% Cu and 0.72 g/t Au as well as Inferred Resources of 31.7 million tonnes grading 0.45% Cu and 0.63 g/t Au; as shown in Table 3). The high grade core of the Kemess East resource estimate is associated with strong potassic alteration and the overall resource is mostly hosted in moderate potassic alteration. Although each hole in the 2016 program had multiple objectives they can generally be subdivided as follows. Holes KH-16-07, KH-16-11, KH-16-12 and KH-16-13 tested the internal gaps in the geological and resource model and intersected intervals that are within the top fifteen holes ever drilled at Kemess East as measured by combined grade for intervals greater than 350 metres. | |
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