30 July 2014
TORONTO, July 30, 2014 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) ("Agnico Eagle" or the "Company") is pleased to provide an update on its 2014 exploration activities. Highlights include:
Expansion of IVR discovery in Nunavut - Exploration drilling has expanded the scope of the mineralization at the IVR property, located 50 kilometres northwest of the Meadowbank mine. A total of 48 drill holes (7,423 metres) have been completed since the program began in 2013. The best intercepts to date include 26.1 grams per tonne ("g/t") gold (capped) over 4.8 metres, and 27.6 g/t gold (capped) over 3.0 metres estimated true width. A second phase of drilling (anticipated 20,000 metres) has recently commenced.
Recent drilling at Meliadine expected to further expand the resource base - In the first half of 2014, 118 exploration and conversion drill holes totaling 30,900 metres were completed. The exploration ramp has been extended by 527 metres. Recent results are expected to expand gold resources at the Pump, Wesmeg/Normeg and Wolf deposits. Meliadine has the Company's largest and fastest-growing high-grade complement of reserves plus resources. An updated technical study is expected in late 2014 or early 2015.