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Agnico Eagle: Exploration Means Potential To Upgrade Reserves

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Agnico Eagle Mines Ltd. (NYSE, TSX: AEM) has provided an upbeat assessment on 2017 exploration activities. “We believe that there is good potential to expand and upgrade the mineral resources and mineral reserves at many of our key projects by year-end 2017,” says Sean Boyd, chief executive officer. Drilling at the Amaruq project in Nunavut traces gold beneath current Whale Tail and V Zone mineral resources , with the company reporting a strongly mineralized quartz vein that returned 8.6 grams per tonne gold over 38.7 meters at a depth of 273 meters. Meanwhile a new Tugak structure was identified 4.5 kilometers west of Whale Tail at Amaruq, with initial results including 2.5 g/t gold over 10 meters near the surface. Follow-up drilling is planned.  At the Barsele project in Sweden, a high-grade interval in the central zone intersected 5.4 g/t gold over 11.5 meters at 275 meters deep. In Mexico, La India drilling extended near-pit mineralization and other near-mine targets, Agnico Eagle says. Drilling at El Realito intersected 9.5 g/t gold and 36 g/t silver over 7.3 meters at 92 meters depth, while drilling at La Chipriona intersected 1.4 g/t gold and 67 g/t silver over 40.3 meters near the surface. At El Barqueno, drilling extends the strike length of Azteca-Zapateco zones by over 1,000 meters to west, with recent results in the far west including 6.3 g/t gold and 45 g/t silver over 5.7 meters at 201 meters depth.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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