Mining News: Northern Neighbors: Agnico returns to drill Aura’s Greyhound

Aura Silver Resources Inc. Aug. 14 reported that Agnico Eagle Mines Ltd. has begun a 1,000-meter drill program at Aura’s Greyhound property in Nunavut. This drilling program will focus on the previously identified gold and silver rich zones around Aura Lake as well as the gold and base metal, copper-rich area at the Dingo zone. Agnico completed a similar-scale program at the property last year. The Greyhound property is located 32 kilometers (20 miles) south of Agnico’s Meadowbank gold mine in Nunavut. In 2014, Agnico Eagle entered into an option agreement to earn an initial 51 percent interest in a portion of Greyhound by paying Aura C$250,000 and investing C$1.75 million in exploration by the end of May 2017, a stake that can be raised to 70 percent with additional expenditures. Agnico has budgeted C$500,000 for this year’s 10-hole program. Drilling should be completed by the end of August or early September.

- Shane Lasley