TORONTO – AGNICO-EAGLE MINES is encouraged by the results of this year’s exploration programs that revealed new gold zones in Finland, Mexico and Canada.
The company noted these highlights:
– Infill drill holes at the Kittila project, Finland, encounter some of the thickest and richest drill intersections to date, including 20.4 m grading 6.1 g/t Au.
– Discovery of two new gold-bearing zones north of the Kittila project site, including an intersection of 9.3 m grading 8.1 g/t Au.
– Joint venture at Oijarvi (350 km south of the Kittila project) extends gold mineralization at depth, including 7.1 m grading 8.4 g/t Au and 70.2 g/t Ag.
– Strong infill drilling results at the main Santo Nino zone at the Pinos Altos project, Mexico, including 39.0 m grading 6.3 g/t Au and 105.0 g/t Ag.
– Encouraging early results at the Carola zone, northwest of the Santo Nino zone, including a 45-m-long trench sample grading 3.5 g/t Au.
– Discovery of the favourable Santo Nino gold structure 2 km west of the current deposit outline suggests the potential for further discoveries in this direction.
– High grade gold extension zone discovered to the west of Lapa, in northwestern Quebec, including an intersection of 9.7 m grading 14.0 g/t Au.
– Discovery of gold-bearing massive sulphide mineralization at depth, below the Bousquet No.2 shaft, adjacent to the LaRonde mine, only 11 km from the Lapa project.
Agnico-Eagle expects that its gold reserves will reach 14 million to 15 million oz in 2008. With the new discoveries, that number could be even larger. The company has four new mines under development and another project in the feasibility stage. Learn about all of them at www.Agnico-Eagle.com.