Mar 21 2017
Aura Silver Resources Inc. (TSX VENTURE:AUU) ("Aura Silver" or the "Company") is pleased to report that drilling will resume on our Greyhound property located in Nunavut Canada. In April, Agnico Eagle Mines Limited ("Agnico Eagle") will begin a program to follow up on 2015 results where mineralization of 6.41 g/t gold (check assay resulted in 7.4 g/t gold) was intersected over 1.5 metres at the bottom of a drill hole at a vertical depth of approximately 137 metres (see November 24, 2015 press release). In accordance with the terms of the existing option agreement, Agnico Eagle will cover all costs of this drilling and associated work. This gold intercept lies within a quartz stock-work zone of 15 metres of core length. The upcoming program is anticipated to comprise approximately 1,500 metres of drilling within 8-10 drill holes.
"The potential for success of future work following up on the discovery of high-grade gold (multiple one ounce per ton samples) and silver boulders (some in excess of 5,000 grams per tonne) is exciting" says President and CEO Robert Boaz. This will be the third drill program on the project conducted by Agnico Eagle. All permits required to initiate drilling are in place.
To view the image, Sulphide enriched one ounce/ton gold surface sample, please visit this link: http://media3.marketwire.com/docs/1089280_Gold_surface_sample.jpg
In addition to ongoing exploration, the core Greyhound project claims are in the process of being converted to a mining lease.
Source: http://www.aurasilver.com/