AuRico Metals Announces Positive Preliminary Economic Assessment for Kemess East Gold – Copper Project

AuRico Metals Inc. (TSX: AMI) (“AuRico” or the “Company”) is pleased to announce the results of a Preliminary Economic Assessment (“PEA”) prepared in accordance with National Instrument 43-101 for the Kemess East (“KE”) project in British Columbia, Canada.  KE is part of AuRico’s wholly owned Kemess property and is located approximately one kilometre east of the Company’s Kemess Underground (“KUG”) project and 6.5 kilometres north of the existing Kemess South (“KS”) processing plant and infrastructure.
As quoted in the press release:

Chris Richter, President and CEO, stated, “The release of a PEA on Kemess East represents another important step forward in highlighting to the market the value of the large resource base on our Kemess property.  Following the release of a feasibility study for Kemess Underground last year, the Kemess East PEA results demonstrate the potential for a second large, long-life gold-copper mine with attractive economics at Kemess.  Both KUG and KE benefit from approximately C$1 billion in replacement cost infrastructure in place.  Importantly, we think the opportunity to combine the Kemess Underground project with the Kemess East project could unlock a number of synergies and optimization opportunities and we look forward to an integrated feasibility study in 2018. The integrated study will also reflect drilling planned for this summer at Kemess East, where the deposit remains open to the north, south, and west.”

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