Location:Sonora State, Mexico
Property: approx. 54,000 ha
Measured and indicated gold reserve*: 1.2 million ounces gold (48.2 million tonnes at 0.7 g/t)
Inferred Gold resource*: 0.7 million ounces gold (32.1 million tonnes at 0.7 g/t)
Stage: Advanced exploration, feasibility-level studies initiated
Secondary metals: minor silver component
Type of potential mining: open pit heap-leach
Date acquired: Agnico-Eagle acquired the property by way of a take-over of Grayd Resource Corporation in November 2011
Percent ownership: 100%
Current work: Resource exploration and resource conversion drilling activities, geological mapping, and feasibility-level studies.
*Source:
May 4, 2010 Grayd Resource Corporation news release, using a 0.4-g/t gold cut-off