MINING NEWS: NORTHERN NEIGHBORS: Agnico continues exploration for gold at Aura’s Greyhound

Aura Silver Resources Inc. April 12 said Agnico Eagle Mines Ltd. is planning a third season of exploration on Aura’s Greyhound property located some 35 kilometers (22 miles) south of Agnico’s Meadowbank gold mine in Nunavut. A ground magnetic resonance survey of the property is currently underway. This detailed survey will cover roughly an area of about 8,000 meters by 3,000 meters that includes a broad area to the east of the all-weather Meadowbank road (running through the claims) which has not been explored extensively in the past but has known mineralized showings and boulders. Mapping and prospecting within the area of the survey will determine the extent and range of surface mineralization as well as outline structural features. A drill program is scheduled to begin in August with the priority target to be located in close proximity to drill hole GHD15-17, which intersected greater than 25 meters of a stockwork zone of quartz-carbonate veining hosted within mafic volcanics in which the bottom 1.5 meters of core returned 6.41 grams per metric ton gold at 137.8 meters vertical depth. The first priority is to deepen hole GHD15-17 in order to determine the extent and depth of this high grade gold mineralization. Two additional holes are also proposed adjacent to either side of GHD15-17. Other holes on a 5,000-meter trajectory to the Dingo zone are also being considered. - SHANE LASLEY