(Registrieren)

AuRico Metals Announces Extension of Higher Grade Mineralization at Kemess East

Geschrieben am 18-08-2015

Toronto (ots/PRNewswire) -

AuRico Metals Inc. , ("AuRico" or the "Company") is pleased to
announce the results of the first two holes drilled as part of the
2015 Exploration Program at the Kemess Project. The drill holes
targeted the Kemess East Deposit, which is located one kilometer east
of the previously delineated Kemess Underground deposit and 6.5
kilometres north of the Kemess Mill Facility.

Results of the Kemess East drilling include:


- Hole KH-15-01 intersected 305 metres of 0.625 g/t Au and 0.433% Cu  
- Hole KH-15-02 intersected 301 metres of 0.466 g/t Au and 0.394% Cu 


(The estimated true thickness of the mineralized intervals is 70%
of the reported intercept length.)

(Refer to Table 1 for complete drilling results, Table 2 for Drill
Collar Location and Figures 1-3 for Kemess Property Location Map,
Plan Map and Cross-Section.) 

Both holes have extended the higher grade core mineralization
beyond what was identified in the 2013 and 2014 drill programs. Hole
KH-15-01 extended mineralization 50m east of KH-13-08 and 80m east of
KH-13-09 and 140m west of KH-14-08. Hole KH-15-02 extended
mineralization 115m east of KH-14-03 and 110m south of KH-13-08. In
both cases this higher grade mineralization is at the same elevation
as that identified in the earlier drilling.

The Kemess East deposit remains open to the east towards the
Kemess East Offset Fault and to the south towards the post
mineralization Sovereign intrusion. "We're pleased with the early
results from this year's Kemess drill campaign which is not only
adding confidence to the inaugural Kemess East resource announced
earlier this year but is also expanding the area of known
mineralization. The results of the drilling are particularly
encouraging given the immediate proximity to the existing processing
facility and associated surface infrastructure that includes a 50,000
tonne per day mill, administration and camp facilities, permitted
tailings storage and full access to grid power," stated Chris
Richter, President and CEO of AuRico Metals.

Table 1: Drill Intercepts that Intersected the Kemess East
Mineralized Deposit [http://files.newswire.ca/975/08172015_1.pdf ]

2015 Exploration Program 

The Company's 2015 exploration and geotechnical drilling program
will continue to focus on the Kemess East delineation with four
diamond drills, and is expected to continue to the end of September.

Kemess Underground Permitting Update 

The Kemess Underground Project is currently undergoing a
Substituted Environmental Assessment led by the British Columbia
Environmental Assessment Office on behalf of both the province of
British Columbia and the Canadian Environmental Assessment Agency (on
behalf of the Federal Government of Canada). This review is currently
in the pre-Application stage (the second of three phases) of the
environmental assessment process and AuRico anticipates receiving the
Application Information Requirements ("AIR") in September 2015, a key
milestone in the environmental assessment process. The Environmental
Application ("EA") will then be finalized in accordance with the AIR.
Based on the current timeline it is expected that the EA will be
submitted in early 2016. Once submitted, the EA undergoes a 30 day
screening (in order to ascertain that the EA complies with certain
information requirements) and if the EA is compliant with the AIR
there is a 180 day review period during which time comments are
received, addressed and incorporated into the Final Assessment
Report. This is then delivered to both the provincial and federal
ministers for their respective decisions. These decisions must be
announced within 45 days.

Kemess Property Overview 

The Kemess Property (See Figure 1) is located in north-central
British Columbia, Canada, approximately 430 kilometres northwest of
Prince George. The Kemess Underground Project is located
approximately 5.5 kilometres north of the past producing Kemess South
open pit mine that operated from 1998 to 2011 and produced 3 million
ounces of gold and 749 million pounds of copper.

A Feasibility Study on the Kemess Underground Project was released
on March 25, 2013 and proposes an underground block caving operation
with average annual production of 105,000 ounces of gold and 44
million pounds of copper over a 12 year mine life.

Quality Control - Analyses and Sample Location 

Exploration activities at Kemess are being conducted by AuRico
personnel under the supervision of Wade Barnes Project Geologist and
a Qualified Person as defined by National Instrument 43-101. Wade
Barnes is PGeo registered with the Association of Professional
Engineers and Geoscientists of British Columbia ("APEGBC") and has
reviewed and approved this news release. 

Samples were prepared at an on-site sample preparation lab. The
prepared 250 g samples, crushed to 80% passing 10-mesh and
pulverized to 85% passing 150-mesh, were shipped in security sealed
pails to ALS Chemex Laboratory in North Vancouver for analysis.
Samples were analyzed for a suite of 33 elements, including iron,
molybdenum, and silver, using 4-acid digestion and ICP atomic
emission spectroscopy on a one gram sub-sample. Significantly
mineralized samples were additionally analyzed by an extra ore grade
analysis for copper and molybdenum by ICP atomic emission
spectroscopy, following a 4-acid digestion. Gold analyses were
completed by standard 30g fire assay with an AA finish. 

Quality control (QC) samples (blanks, duplicates, and certified
reference materials) were inserted into the sample stream at regular
intervals such that 2 in 25 (8%) samples were submitted for quality
control purposes. QC sample performance was monitored on a regular
basis, independently of the laboratories, and failures addressed in a
timely manner. All sample batches were also subjected to each
laboratory's internal quality control procedures, for an additional
40% QC sample volume. 

About AuRico Metals 

AuRico Metals is a mining royalty and development company whose
cornerstone assets include a 1.5% NSR on the Young-Davidson Gold
Mine, located in Ontario, Canada, a 2% NSR on the Fosterville Mine,
located in Victoria, Australia, and 100% ownership of the advanced
Kemess Project in British Columbia, Canada. AuRico Metals' goal is to
deliver sustained value creation for the company's many stakeholders.
AuRico Metals' head office is located in Toronto, Ontario, Canada.

Cautionary Statement 

This press release contains forward-looking statements and
forward-looking information as defined under Canadian and U.S.
securities laws. All statements, other than statements of historical
fact, are forward-looking statements. The words "expect", "believe",
"anticipate", "will", "intend", "estimate", "forecast", "budget" and
similar expressions identify forward-looking statements.
Forward-looking statements include information as to strategy, plans
or future financial or operating performance, such as the Company's
expansion plans, project timelines, production plans, projected cash
flows or capital expenditures, cost estimates, projected exploration
results, reserve and resource estimates and other statements that
express management's expectations or estimates of future performance.
Forward-looking statements are necessarily based upon a number of
factors and assumptions that, while considered reasonable by
management, are inherently subject to significant uncertainties and
contingencies. Known and unknown factors could cause actual results
to differ materially from those projected in the forward-looking
statements, including: uncertainty of production and cost estimates;
fluctuations in the price of gold and foreign exchange rates; the
uncertainty of replacing depleted reserves and the possible
recalculation or reduction of reserves and resources; the risk that
the Young-Davidson shaft will not perform as planned; the risk that
mining operations do not meet expectations; the risk that projects
will not be developed according to budgets or timelines, changes in
laws in Canada, Australia and other jurisdictions in which the
Company may carry on business; risks of obtaining necessary licenses,
permits or approvals for operations or projects such as Kemess;
disputes over title to properties; the speculative nature of mineral
exploration and development; compliance risks with respect to current
and future environmental regulations; disruptions affecting
operations; opportunities that may be pursued by the Company;
employee relations; availability and costs of mining inputs and
labor; the ability to secure capital to execute business plans;
volatility of the Company's share price; the effect of future
financings; litigation; risk of loss due to sabotage and civil
disturbances; the values of assets and liabilities based on projected
future cash flows; risks arising from derivative instruments or the
absence of hedging; adequacy of internal control over financial
reporting; changes in credit rating; and the impact of inflation.
Actual results and developments are likely to differ, and may differ
materially, from those expressed or implied by the forward-looking
statements contained herein. Such statements are based on a number of
assumptions which may prove to be incorrect, including assumptions
about: business and economic conditions; commodity prices and the
price of key inputs such as labour, fuel and electricity; credit
market conditions and conditions in financial markets generally;
revenue and cash flow estimates, production levels, development
schedules and the associated costs; ability to procure equipment and
supplies and ability to do so on a timely basis; the timing of the
receipt of permits and other approvals for projects and operations;
the ability to attract and retain skilled employees and contractors
for the operations; the accuracy of reserve and resource estimates;
the impact of changes in currency exchange rates on costs and
results; interest rates; taxation; and ongoing relations with
employees and business partners. The Company disclaims any intention
or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as required by applicable law.

Table 2: Drill Collar Locations
[http://files.newswire.ca/975/08172015_2.pdf ]

Figure 1 - Kemess Property
[http://files.newswire.ca/975/Figure_1_-_Kemess.pdf ]

Figure 2 - Kemess East Drill Hole Intercepts
[http://files.newswire.ca/975/Figure_2_-_Kemess.pdf ]

Figure 3 - Kemess East Section Looking West
[http://files.newswire.ca/975/Figure_3_-_Kemess.pdf ]

Contact: Chris Rockingham, Vice President, Development, AuRico
Metals Inc., +1-416-216-2780, chris.rockingham@auricometals.ca ;
Chris Richter, President and Chief Executive Officer, AuRico Metals
Inc., +1-416-216-2780, chris.richter@auricometals.ca

ots Originaltext: AuRico Metals Inc.
Im Internet recherchierbar: http://www.presseportal.de


Kontaktinformationen:

Leider liegen uns zu diesem Artikel keine separaten Kontaktinformationen gespeichert vor.
Am Ende der Pressemitteilung finden Sie meist die Kontaktdaten des Verfassers.

Neu! Bewerten Sie unsere Artikel in der rechten Navigationsleiste und finden
Sie außerdem den meist aufgerufenen Artikel in dieser Rubrik.

Sie suche nach weiteren Pressenachrichten?
Mehr zu diesem Thema finden Sie auf folgender Übersichtsseite. Desweiteren finden Sie dort auch Nachrichten aus anderen Genres.

http://www.bankkaufmann.com/topics.html

Weitere Informationen erhalten Sie per E-Mail unter der Adresse: info@bankkaufmann.com.

@-symbol Internet Media UG (haftungsbeschränkt)
Schulstr. 18
D-91245 Simmelsdorf

E-Mail: media(at)at-symbol.de

573622

weitere Artikel:
  • Cyara bringt die weltweite erste, automatisierte IVR-Analysesoftware heraus - Der cloudbasierte 'Cyara Crawler' revolutioniert IVR-Analyse und -dokumentation von Sprachportalen San Francisco (ots/PRNewswire) - Cyara (www.cyara.com [http://www.cyara.com/]) verkündete heute den Start von Cyara Crawler, der weltweit ersten automatisierten Software zur Analyse, Abbildung und Dokumentation von Sprachdialoganwendungen (Interactive Voice Response, IVR) und konzipiert Cyara-Testfälle. Cyara Crawler ersetzt Prozesse, die viel manuelle Arbeit erfordern, durch Automatisierung und senkt drastisch Zeit und Kosten, mehr...

  • BMO BikeMailorder nutzt Versandhandelssoftware BLISSTRIBUTE (FOTO) Berlin (ots) - Kundenspezifisch, effizient: Maßgeschneiderte Software-Lösung von exitB für automatisierte, skalierbare und flexible Versandhandels-Prozesse Der Fahrrad-Versandhändler BMO BikeMailorder GmbH & Co. KG hat seine E-Commerce-Systemlandschaft modernisiert und dabei auf die BLISSTRIBUTE Versandhandelssoftware von exitB, dem Spezialisten für Software-Lösungen im Versandhandels-Business mit Sitz in Berlin, gesetzt. Ziel war es, den Vertrieb von BMO durch eine integrierte Software-Lösung deutlich kundenorientierter mehr...

  • BILD und Starwatch Entertainment beteiligen sich an DEAG-Tochter Myticket Berlin (ots) - +++ Beteiligung im Rahmen einer Media-for-Equity Vereinbarung zu jeweils 20 Prozent +++ Maßnahme der gemeinsamen Initiative von Axel Springer und ProSiebenSat.1 zur Förderung digitaler Geschäftsmodelle +++ Medialeistungen beider Partner sollen weiteres Wachstum von Myticket forcieren +++ BILD und Starwatch Entertainment, das Musik- und Event-Unternehmen von ProSiebenSat.1, beteiligen sich im Rahmen einer Media-for-Equity-Vereinbarung zu jeweils 20 Prozent an der mytic myticket AG (Myticket). Dafür stellen die beiden mehr...

  • Gastronomen mit Sky erfolgreich: Tausende Wirte entscheiden sich für 24-Monats-Vertrag Unterföhring (ots) - - Erstmals 24-Monats-Vertrag mit Preisgarantie für die kommenden zwölf Monate möglich - Sky verlängert das Angebot bis Mitte September - Paul Sexton-Chadwick: "Wir wollen die Kunden, die sich für uns entscheiden, belohnen und eine langfristige Beziehung mit ihnen aufbauen, von der beide Seiten profitieren." Unterföhring, 18. August 2015 - Im Vorfeld der neuen Fußball-Bundesliga-Saison machte Sky Gastronomen in Deutschland ein attraktives Angebot: 24 Monate Sky, davon zwölf Monate mehr...

  • Bereit für das Training: Das deutsche Luftfahrt-Bundesamt lässt Flugausbildung mit dem B777 Simulator von Lufthansa zu - Der erste Pilot kann auf dem von Lockheed Martin gelieferten Simulator sein Training beginnen Sassenheim, Niederlande (ots/PRNewswire) - Lufthansapiloten können ab jetzt auf dem neuen B777-300ER Simulator trainieren, den Lockheed Martin Commercial Flight Training (LMCFT) im Rahmen eines Vertrages an Lufthansa Flight Training geliefert hat. Foto - http://photos.prnewswire.com/prnh/20150817/258813 [http://photos.prnewswire.com/prnh/20150817/258813] Der für Level D zertifizierte Full Flight Simulator wurde vom deutschen mehr...

Mehr zu dem Thema Aktuelle Wirtschaftsnews

Der meistgelesene Artikel zu dem Thema:

DBV löst Berechtigungsscheine von knapp 344 Mio. EUR ein

durchschnittliche Punktzahl: 0
Stimmen: 0

Bitte nehmen Sie sich einen Augenblick Zeit, diesen Artikel zu bewerten:

Exzellent
Sehr gut
gut
normal
schlecht