Agnico Eagle may expand Nunavut exploration after striking ‘promising’ gold vein – Mining.com

June 15, 2015

Canadian Agnico Eagle Mines (TSX:AEM)(NYSE:AEM) may expand summer exploration at its Amaruq project in Nunavut as the miner found a vein of gold near an existing deposit called Whale Tale.

While the findings are still being analyzed, the Toronto-based miner said last week that the new vein, located about 50 kilometres northwest of its Meadowbank mine and 300 metres underground, looks quite “promising.”

The company added that while Agnico will provide a detailed report of the resources at the site by the end of the summer, it is already considering expanding its summer exploration program.

“We will be reviewing our programs at both projects with a view to increase our drilling activities”, said CEO Sean Boyd in a news release. “Studies are ongoing to evaluate the potential to develop the Amaruq deposit as a satellite operation to Meadowbank,” he added.

Read More: http://www.mining.com/agnico-eagle-may-expand-nunavut-exploration-as-it-strikes-promising-gold-vein/