Canadian Mining Journal

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GOLD: Agnico updates Mexican exploration success

MEXICO – Toronto-based Agnico Eagle Mines is enjoying continued exploration success at three of its Mexican gold properties.



MEXICO – Toronto-based Agnico Eagle Mines is enjoying continued exploration success at three of its Mexican gold properties.

The prospects at El Barqueno in Jalisco state continue to expand. The Azteca-Zapoteca prospect has been extended to 300 metres deep, with hole BRQ15-174 assaying 8.04 g/t Au over 5.0 metres at 227 metres below the surface. Drilling at the Angostura zone yielded 15.49 g/t over 3.0 metres at 87 metres below the surface. Additionally, the Pena de Oro strike length has grown to over 800 metres, with a recent high grade assay of 10.82 g/t Au over 4.9 metres at 32 metres below the surface.

Agnico has begun conceptual studies and preliminary metallurgical testing at El Barqueno. It may have the potential to become an open pit and heap leach gold producer.

Infill drilling at the Creston Mascota pit has encountered high grades at the bottom of the pit. The work added approximately 179,000 oz of gold to reserves. The pit is part of the Pinos Altos operation in Chihuahua state.

At the La India mine in Sonora, an improved geological model, mine reconciliation and metallurgical tests on sulphide mineralization suggest that both oxide and sulphide reserves/resources can be increased by the end of 2015.

More information about Agnico’s Mexican mines and exploration projects are available at AgnicoEagle.com