NUNAVUT – Agnico Eagle Mines of Toronto continues to explore the rapidly growing Amaruq gold deposit 50 km northwest of its Meadowbank mine. Drilling through June 30, 2015, has allowed the company to expand resources at the Whale Tail deposit and other zones by 35%. It is now estimated to contain 2.0 million oz of gold in 9.7 million tonnes grading 6.47 g/t Au in the inferred category.
The company is having success after drilling success. An open ended, east plunging, high grade ore shoot at Whale Tail has yielded 6.7 g/t Au over 32.3 metres and 10.4 g/t over 21.9 metres. Gold mineralization – including 10.8 g/t over 6.9 metres and 9.3 g/t over 4.2 metres – have been encountered in the gap between Mammoth Lake and the Whale Tail deposit. Infill drilling continues to yield multiple intersections at both open pit and underground depths.
Agnico has initiated engineering and environmental baseline studies in preparation for the permitting process at Amaruq. The project is considered a potential satellite deposit to the Meadowbank mine. The company has applied to build an all weather road between the two sites.
Additional information is available at AgnicoEagle.com in the news release dated Aug. 19, 2015.