AuRico Metals Provides Update on Royalties - Seite 2
including the highest result ever returned from the Fosterville Mine,
with the return of the following drill intercepts:
- 1,429 g/t Au over 15.15m, including 21,490 g/t Au over 0.6m
- 356 g/t Au over 7.2m, including 1,339 g/t Au over 1.85m
- 83.9 g/t Au over 3.5m, including 234 g/t Au over 0.65m
Also, the high grade Eagle fault system has been extended down
plunge with a recent drill intercept returning:
- 15.97 g/t Au over 11.35m, including 195 g/t Au over 0.45m
Kirkland is expected to provide an update on Mineral Reserves and
Resources in Q1 2017.
At Stawell, 2016 gold production totaled 32,204 ounces. The
operation commenced transitioning to care and maintenance on December
13, 2016 with the mine to be maintained in a state of operational
readiness to possibly recommence operations pending exploration
success.
For more information, visit the Kirkland website at
http://www.klgold.com and see the press releases dated January 17,
2017 and January 9, 2017.
Hemlo (0.25% NSR Royalty on Williams Mine, and 0.5% NSR on David
Bell Property)
Barrick Gold is expected to announce fourth quarter results on
February 15, 2017. Barrick Gold's 2016 production guidance for Hemlo
is 215,000 to 230,000 ounces at all-in sustaining cash costs of
$830-$880 per ounce.
Barrick Gold has previously announced plans to spend approximately
$8.0 million in exploration at Hemlo in 2016.
For more information, visit Barrick Gold's website at
http://www.barrick.com
Eagle River (0.5% NSR Royalty)
On January 17, 2017 Wesdome Gold Mines ("Wesdome") provided 2016
production results of 40,252 ounces of gold from the Eagle River
Underground Mine. For 2017, gold production at the Eagle River
Underground Mine is expected to increase by approximately 12% - 22%
to between 45,000 and 49,000 ounces at grades of 8.8 - 9.2 g/t gold.
Exploration spending for 2017 is expected to be approximately
C$3.0 million resulting in a total of 40,000 meters drilled.
For more information, visit Wesdome's website at
http://www.wesdome.com and see the press release dated January 17,
2017.
GJ Property (0.98% NSR Royalty)
On November 10, 2016 AuRico completed an acquisition from NGEx
Resources Inc. of a 0.98% NSR royalty and 0.49% NSR royalty on Skeena
Resources Limited's ("Skeena") GJ Block property and GJ Northern
Block property respectively.
On December 12, 2016 Skeena reported the commencement of a NI
43-101 Preliminary Economic Assessment ("PEA") on the Spectrum-GJ
Project which is expected to be released in Q2 2017 and which will
include an updated NI 43-101 mineral resource estimate that
Kirkland is expected to provide an update on Mineral Reserves and
Resources in Q1 2017.
At Stawell, 2016 gold production totaled 32,204 ounces. The
operation commenced transitioning to care and maintenance on December
13, 2016 with the mine to be maintained in a state of operational
readiness to possibly recommence operations pending exploration
success.
For more information, visit the Kirkland website at
http://www.klgold.com and see the press releases dated January 17,
2017 and January 9, 2017.
Hemlo (0.25% NSR Royalty on Williams Mine, and 0.5% NSR on David
Bell Property)
Barrick Gold is expected to announce fourth quarter results on
February 15, 2017. Barrick Gold's 2016 production guidance for Hemlo
is 215,000 to 230,000 ounces at all-in sustaining cash costs of
$830-$880 per ounce.
Barrick Gold has previously announced plans to spend approximately
$8.0 million in exploration at Hemlo in 2016.
For more information, visit Barrick Gold's website at
http://www.barrick.com
Eagle River (0.5% NSR Royalty)
On January 17, 2017 Wesdome Gold Mines ("Wesdome") provided 2016
production results of 40,252 ounces of gold from the Eagle River
Underground Mine. For 2017, gold production at the Eagle River
Underground Mine is expected to increase by approximately 12% - 22%
to between 45,000 and 49,000 ounces at grades of 8.8 - 9.2 g/t gold.
Exploration spending for 2017 is expected to be approximately
C$3.0 million resulting in a total of 40,000 meters drilled.
For more information, visit Wesdome's website at
http://www.wesdome.com and see the press release dated January 17,
2017.
GJ Property (0.98% NSR Royalty)
On November 10, 2016 AuRico completed an acquisition from NGEx
Resources Inc. of a 0.98% NSR royalty and 0.49% NSR royalty on Skeena
Resources Limited's ("Skeena") GJ Block property and GJ Northern
Block property respectively.
On December 12, 2016 Skeena reported the commencement of a NI
43-101 Preliminary Economic Assessment ("PEA") on the Spectrum-GJ
Project which is expected to be released in Q2 2017 and which will
include an updated NI 43-101 mineral resource estimate that
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