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AuRico Gold Announces Initial Resource of 5.5 Million Gold Equivalent Ounces at Kemess East
Reserves and Resources of 10.6 Million Gold Equivalent Ounces at Kemess Property T...
About this update from Auq Gold Mining Inc.
[{"type":"text","content":"\n\n\nReserves and Resources of 10.6 Million Gold Equivalent Ounces at Kemess\n Property\n\n\nTORONTO, Jan. 21, 2015 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (\"AuRico\" or the \"Company\") today announced an initial National\n Instrument 43-101 compliant indicated resource of 2.1 million gold\n equivalent ounces and an inferred resource of 3.4 million gold\n equivalent ounces at the Kemess East deposit, located one kilometre\n east of the previously delineated Kemess Underground deposit and 6.5\n kilometres north of the Kemess mill facility (see Figure 1). The Kemess\n Property is located in north-central British Columbia, Canada,\n approximately 430 kilometres northwest of Prince George.\n\n\nKemess East Resource Highlights \n\n\n\n\n\n\n\n\n\n\nIndicated Resources of 55.9 million tonnes at 0.52 g/t gold and 0.41%\n copper, or 1.17 g/t gold equivalent, representing 0.9 million ounces of\n gold and 504 million pounds of copper, or 2.1 million ounces gold\n equivalent.\n\n\nInferred Resources of 117.2 million tonnes at 0.38 g/t gold and 0.34%\n copper, or 0.91 g/t gold equivalent, representing 1.4 million ounces of\n gold and 871 million pounds of copper, or 3.4 million ounces gold\n equivalent.\n\n\nThere is considerable potential to increase and convert resources at\n Kemess East as a number of holes from the recent drilling program ended\n in mineralization and the deposit remains open.\n\n\nThe reported gold equivalent grade from Kemess East is 10% higher than\n the nearby Kemess Underground deposit.\n\n\nThe Kemess East deposit is located in close proximity to existing\n infrastructure on the Kemess land package, which includes a 50,000\n tonne per day mill facility, administration and camp facilities,\n permitted tailings storage and full access to grid power (see Figure\n 2).\n\n\nAn expanded 2015 drilling program of up to 30,000 metres will focus on\n additional delineation of the Kemess East mineralization as well as\n ongoing exploration drilling.\n\n\n\n\n\n\n\n\nKemess East Mineral Resource Estimates(1)  \n\n\n\n\nCategory\n\n\nTonnes \n(000's)\n\n\nAu \n(g/t)\n\n\nAg \n(g/t)\n\n\nCu \n(%)\n\n\nAu \n(000's) oz.\n\n\nAg \n(000's) oz.\n\n\nCu \n(000's) lbs.\n\n\nAu eq. \n(000's) oz.\n\n\n\n\nIndicated Resources\n\n\n55,864\n\n\n0.52\n\n\n2.00\n\n\n0.41\n\n\n939\n\n\n3,601\n\n\n503,663\n\n\n2,101\n\n\n\n\nI...