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TORONTO , Nov. 2, 2021 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") is pleased to provide an update on exploration activities at several projects and select mine sites. The Company's exploration focus remains on pipeline projects, near-mine opportunities and mineral reserve and mineral resource growth. Key exploration highlights during the third quarter of 2021 include:
- LaRonde Complex – Exploration is focused on developing three new exploration drifts and drilling extensions of LaRonde Zone 5 ("LZ5"), Zone 6, Zone 20N and mineralized zones beneath the past producing Bousquet mine. Drilling the extension of the recently discovered 20N Zinc South Zone at depth near the East mine has resulted in the deepest intercept to date in the zone, which returned 9.3 grams per tonne ("g/t") gold, 114 g/t silver, 0.9% copper and 2.6% zinc over 4.6 metres at 3,464 metres depth. Drilling also shows potential for the westward extension of LZ5 mineralization, including 1.9 g/t gold over 20.0 metres at 527 metres depth
- Odyssey Underground Project at Canadian Malartic – Infill drilling continues to return wide, high-grade intersections in the core of the East Gouldie deposit, with recent results of 6.8 g/t gold over 41.4 metres at 1,069 metres depth, including 10.2 g/t gold over 21.7 metres at 1,064 metres depth. The eastern extension of the deposit continues to be tested, with the easternmost hole drilled to date returning 6.3 g/t gold over 4.8 metres at 1,989 metres depth on the adjacent Rand Malartic property 1.5 kilometres east of the current mineral resource, further demonstrating the excellent potential to significantly grow the size of the East Gouldie deposit
- Kirkland Lake Project – Conversion and expansion drilling at the Upper Beaver deposit continues to intersect significant high-grade mineralization, further expanding the Footwall and Porphyry zones at depth. Recent results include a highlight intercept grading 8.7 g/t gold and 0.81% copper over 18.2 metres at 1,435 metres depth in the East Porphyry Zone
- Meliadine – Conversion and exploration drilling at the Meliadine mine is confirming and expanding high grade gold mineralization. Shallow high-grade intercepts include 10.6 g/t gold over 3.1 metres at 158 metres depth in the Normeg deposit and 7.0 g/t gold over 8.8 metres at 218 metres depth in the Wesmeg deposit
- Meadowbank – Exploration at Amaruq has focused on the area between the Whale Tail and IVR underground mineral resources, with highlights such as 26.6 g/t gold over 2.6 metres at 247 metres depth, demonstrating the potential for conversion to mineral resources near the planned underground mine infrastructure. Drilling in the western extension of the Mammoth Zone intersected 4.4 g/t gold over 36.4 metres at 264 metres depth and the zone remains open at depth beneath Mammoth Lake
- Hope Bay – More than 71,000 metres of drilling have been completed year to date with seven drill rigs now operating on the Doris and Madrid deposits. Recent results at Doris confirm the potential to expand the BTD Extension Zone and the West Valley Zone along plunge, and highlights include 32.0 g/t gold over 3.2 metres at 319 metres depth, and 19.1 g/t gold over 8.0 metres at 302 metres depth, respectively. At Madrid , exploration drilling has identified a new zone in Naartok West with results including 10.3 g/t gold over 5.9 metres at 247 metres depth and 6.6 g/t gold over 8.3 metres at 283 metres depth
- Kittila – In a new target below the shaft currently under construction, exploration drilling returned 12.8 g/t gold over 3.1 metres at 1,209 metres depth in the Main Zone and 3.3 g/t gold over 3.5 metres at 1,390 metres depth in the Sisar Zone. These first two holes drilled into the target demonstrate that the Main and Sisar zones extend into this area in proximity to planned underground mining infrastructure
- Santa Gertrudis – Exploration drilling of the Amelia deposit is extending the deposit at depth; oxide mineralization at the Santa Teresa deposit continues to grow along strike; and new high-grade mineralization has been discovered at the Centauro target, with highlights of 5.8 g/t gold and 9 g/t silver over 15.0 metres at 252 metres depth, which includes 14.9 g/t gold and 14 g/t silver over 3.9 metres at 255 metres depth and a second intercept returning 15.1 g/t gold and 13 g/t silver over 5.8 metres at 279 metres depth
"Strong drill results continue to demonstrate significant exploration upside at several of our mines and key pipeline projects. The 2021 exploration program is the most ambitious in Agnico Eagle's 64-year history, as we investigate the full potential of existing operations and key projects in the Company's pipeline," said Sean Boyd , Agnico Eagle's Chief Executive Officer. "We are continuing to see positive results from this initiative, with significant extension of the East Gouldie deposit, high-grade mineralization at Upper Beaver that we expect to have a meaningful impact on the project update in 2022, and results confirming the potential to expand the Doris deposit and make a new discovery near the Madrid deposit at Hope Bay. In addition, we continue to generate significant exploration results at key producing assets including LaRonde, Kittila and Meliadine," added Mr. Boyd.