Agnico Eagle Provides Fifth Operational Progress Update on Barsele Project

Agnico Eagle Mines (TSX:AEM) has provided a fifth operational progress update on the current exploration program with joint venture partner Barsele Minerals (TSXV:BME). Ownership in the project is 55 percent Agnico and 45 percent Barsele.
As quoted in the press release:

Phase-2 drilling commenced with one drill on April 29^th.  A second drill was placed in operation on June 7^th, with a third drill commissioned on August 29^th. Recently, drilling has been carried out on Titan geophysics targets adjacent to and northeast of the Avan Zone, and along the principal trend of gold mineralization within the Avan and Central zones. Drilling has also been carried out on the Kohobben VMS target, with results pending. As well, a BOT (base of till) drill was commissioned during the month of August, to test for gold mineralization indicators along a corridor adjacent to and southwest of the entire Skiråsen-Central-Avan mineralized corridor.
As of August 29^th, diamond drilling in 2016 totals 13,522 metres. A cumulative total of 21,907 metres has been drilled since the beginning of the joint venture in October, 2015.
Drill hole AVA16-005 was drilled to test the down dip extension of the gold mineralized zone at Avan. Assay results have returned several mineralized intercepts. Highlight results include 6.00 metres core length (estimated 4.50 metres true thickness) grading 16.20 g/t gold uncut (7.28 g/t gold cut), plus 26.00 metres core length (estimated 19.50 metres true thickness) grading 2.22 g/t gold. These intercepts occur between 145 and 250 meters vertically below surface. Hole AVA16-006 cut 34.00 metres core length (estimated 25.5 metres true thickness) grading 0.87 g/t gold at roughly 150 metres below surface. Hole AVA16-007 cut 33.4 metres core length (estimated 25.10 metres true thickness) grading 1.68 g/t gold, plus 8.00 metres core length (estimated 6.0 metres true thickness) grading 3.23 g/t gold. These intercepts occur between 420 and 545 metres below surface.
Results from holes AVA16-005 and AVA16-007 are considered to be highly significant as they are suggestive of improving ground preparation, and alteration and mineralization at depth at Avan. Both intercepts are located roughly 1,250 metres to the northwest of the core of the Central Zone.

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