Agnico Eagle Mines has reported additional results from the 2015 Phase 1 exploration program at the Amaruq gold project in Nunavut, northern Canada. The company last reported results from this project in its news release dated April 30, 2015. Drilling at Amaruq has filled in the gap under Whale Lake with significant gold grades and good widths – Drilling at Whale Tail under Whale Lake continued to intersect high-grade gold over significant widths, including 19.8 g/t Au (capped) over 5.0 m at 130 m depth (hole AMQ15-187), and 15.9 g/t Au (capped) over 14.6 m at 126 m depth (hole AMQ15-181)
A newly-found gold structure has been confirmed north of Whale Tail deposit at Amaruq – new mineralised structure approximately 100 m north of the Whale Tail deposit, including 6.1 g/t Au (capped) over 4.0 m at 284 m depth and 9.7 g/t Au (capped) over 3.8 m at 306 m depth (hole AMQ15-177).
Sean Boyd, Chief Executive Officer: “At Amaruq, the drilling shows good potential to infill and expand the current resource at Whale Tail, and we continue to encounter new zones of mineralisation which may increase the resource over time.”
Agnico Eagle has a 100% interest in the Amaruq project. The large property consists of 114,761 ha of Inuit-owned and Federal crown land, some 50 km northwest of the Meadowbank mine – Nunavut’s only gold mine. In February 2015, the company announced an initial Inferred Mineral Resource containing 1.5 Moz of gold (6.6 Mt at 7.07 g/t Au) at the project.
More than 102 holes (27,750 m) of the first phase 2015 Amaruq drill program were completed as of May 31, 2015, when seven drill rigs were in operation on the project, with another three expected to be added by the end of June. Most of this drilling has been to fill the former gap in the Whale Tail deposit (under Whale Lake), which is now successfully completed to a depth of 200 m. There has also been initial reconnaissance drilling at Mammoth Lake and the area between the R zone and Whale Tail.
The most recent results continue to yield high-grade gold intercepts over substantial estimated true widths in the Whale Tail deposit. To date the Whale Tail deposit has been defined over at least 1.2 km of strike length and extends from surface to more than 370 m depth. It remains open at depth and to the southwest.