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Agnico Eagle Announces Exploration Joint Venture in Colombia with Newmont Corporation
Agnico Eagle Announces Exploration Joint Venture in Colombia with Newmont Corporation ...
About this update from Agnico Eagle Mines Limited
[{"type":"text","content":"Agnico-Newmont-JV\n \n \n \n Agnico Eagle Announces Exploration Joint Venture in Colombia with Newmont Corporation\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n TORONTO, Sept. 29, 2020\n \n \n \n \n \n TORONTO\n \n ,\n \n Sept. 29, 2020\n \n /CNW/ -\n \n Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM)\n \n (\"Agnico Eagle\") announced today that it has formed an Exploration Joint Venture (the \"Joint Venture\") in\n \n Colombia\n \n with Newmont Corporation (NYSE: NEM, TSX: NGT) (\"Newmont\").  The 50-50 Joint Venture, which will be operated by Agnico Eagle, will explore the Anza project and seek other prospective gold targets of district-scale potential in\n \n Colombia\n \n .\n \n \n \"The Anza project is well located within the Mid-Cauca belt in\n \n Colombia\n \n which hosts several world class gold deposits.  Historical work on the project indicates the potential for various styles of mineralization, including porphyry, epithermal and VMS\", said\n \n Guy Gosselin\n \n , Agnico Eagle's Senior Vice-President, Exploration.  \"Agnico Eagle has been actively looking at\n \n Colombia\n \n for some time, and this low-cost entry is consistent with our exploration strategy and existing investment in Royal Road Minerals.  We look forward to working with our Joint Venture partner Newmont to advance the Anza project\", added Mr. Gosselin.\n \n \n The Anza project is a gold exploration project, comprising exploration contracts and applications totaling approximately 200 km\n \n 2\n \n located in the Mid-Cauca belt in\n \n Colombia\n \n .  The project is 50 km west of\n \n Medellin\n \n and 60 km south from Zijin Mining's Buritica operation.  More information on the Anza project and Newmont's previously announced Exploration Agreement with Orosur Mining Inc. (\"Orosur\") with respect to the Anza project can be found in Orosur's news release dated\n \n September 10, 2018\n \n .\n \n \n Agnico Eagle will sole fund the Joint Venture until expenditures equal Newmont's previous investment in the Anza project (approx...