Agnico completes 61 holes at Eagle West gold discovery

More than 31,000 ft. of surface drilling in 61 holes have been completed by Agnico-Eagle Mines (TSE) at its Eagle West zone showing in northwestern Quebec, the gold-silver producer reports. Original discovery of the showing, 2,600 ft. west of the company’s Eagle gold mine shaft at Joutel, Que., was in November of last year. Definition drilling on the zone was completed in February.

The company estimated a preliminary reserve of 405,000 tons grading 0.26 oz. gold per ton (cut to one ounce), or 0.29 oz. (uncut). The zone has a strike length of 500 ft. and a depth of 450 ft.

Exploration drilling has tested the Eagle West horizon over a strike length of 2,500 ft.; the company said a second zone, of lower grade, has been uncovered 1,000 ft. west of the Eagle West zone.

Agnico said exploration drilling continues to test the Eagle West horizon down dip of the known mineralization. To date, narrow, high-grade intercepts have been encountered in a wide area defined by eight holes beneath and down plunge to the east of the Eagle West zone; the company said no economic zones have been defined yet.

Two surface drills are at work on the zone. The company said at least one underground machine will be working until April.

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