Agnico Eagle says gold reserves at Cochrane-area pit are up 38 per cent
The prolific Detour Lake Mine, near the Quebec border, looks to have some longevity to last a long time.
This was Agnico’s first quarterly report since the “mergers of equals” with Kirkland Lake Gold was finalized last February. The company said it's been making significant gold hits along a geological structure called the Sunday Lake Deformation Zone, only a few kilometres west of its Main Pit and West Pit zones. One highlight included an intersection of 32.2 grams per tonne of gold over a 4.8-metre section of drill core at a depth of 955 metres.
In Kirkland Lake, Agnico said development of the new No. 4 Shaft will be finished by year’s end and brought into production.
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