Agnico Eagle Reports Drill Results from Amaruq and El Barqueno Projects

Agnico Eagle Mines Ltd. (TSX:AEM,NYSE:AEM) announced further drill results from this year’s Phase I exploration program at its Nunavut-based Amaruq gold project. The company also reported initial results from drilling at its El Barqueno project in Mexico.

Highlights are as follows:

• 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 grams per tonne (‘g/t’) gold (capped) over 5.0 metres at 130 metres depth (hole AMQ15-187), and 15.9 g/t gold (capped) over 14.6 metres at 126 metres depth (hole AMQ15-181)
• New gold structure confirmed north of Whale Tail deposit at Amaruq – New mineralized structure approximately 100 metres north of the Whale Tail deposit, including 6.1 g/t gold (capped) over 4.0 metres at 284 metres depth and 9.7 grams g/t gold (capped) over 3.8 metres at 306 metres depth (hole AMQ15-177).
• El Barqueno – Azteca and Angostura mineralization extended by drilling – Infill drilling at Azteca yielded 4.02 g/t gold, 4.01 g/t silver and 0.03% copper (uncapped) over 12.2 metres at 31 metres depth (hole BDD0119).  Angostura is being extended to the southwest and deeper, including the BRQ15-153 intercept of 1.93 g/t gold, 5.84 g/t silver and 0.04% copper (uncapped) over 5.9 metres at 217 metres below surface.
• El Barqueno – Peña de Oro prospect extended to southwest by drilling – Hole BRQ15-148 intersected 3.95 g/t gold, 15.65 g/t silver and 1.34% copper (uncapped) over 9.6 metres at 135 metres below surface, suggesting continuity of mineralization to the southwest.
• El Rayo project acquired next to El Barqueno property – The acquisition of Soltoro Ltd., effective June 9, 2015, adds a further 30,000 ha of property in Jalisco State to the Company’s holdings, including the El Rayo gold-silver project, immediately east of El Barqueno
• Resource updates expected at both Amaruq and El Barqueno later this year – Results from the first phase 2015 drill program at Amaruq are expected to be incorporated into an updated resource estimate near the end of this summer.  At El Barqueno, an initial resource estimate is expected to be completed near the end of 2015.

Sean Boyd, CEO of Agnico Eagle, commented:

Results from drilling programs at both our Amaruq project in Nunavut and our El Barqueno project in Mexico continue to exceed our expectations.  In the coming weeks we will be reviewing our programs at both projects with a view to increase our drilling activities. 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 mineralization which may increase the resource over time. Work at El Barqueno is extending the known mineralized zones and we look forward to the initial resource on the property later this year.

Click here to read the full Agnico Eagle Mines Ltd. (TSX:AEM,NYSE:AEM) press release.