VANCOUVER – Agnico Eagle Mines’ (TSX: AEM; NYSE: AEM) Amaruq deposit in Nunavut is continuing to build up its reputation as one of Canada’s most exciting grassroots gold discoveries.
Located 50 km north of its operating Meadowbank gold mine in Nunavut’s Kivalliq region, the 100% owned Amaruq property sits within an underexplored and highly prospective greenstone belt known to host the large Meadowbank and Meliadine gold deposits.
Agnico had initially planned for a $1.5-million program in 2014 to expand the project’s newly discovered IVR and Whale Tail zones, but ballooned the budget to $9 million in the third quarter once it began to see substantial resource potential at Whale Tail.
By the time the program had wrapped up in mid-October, Agnico had drilled 144 infill and step-out drill holes totaling 31,600 metres into the two zones.
Read the complete article at NorthernMiner.com/news/agnico-at-amaruq