TORONTO, May 6, 2016 /CNW/ - AuRico Metals Inc. (TSX: AMI) ("AuRico" or the "Company") is pleased to announce it has filed on SEDAR (www.sedar.com) a National Instrument 43-101 ("NI 43-101") Technical Report for the Kemess Underground Project and Kemess East Resource Estimate located on the Company's 100%-owned property in British Columbia, Canada.
This update supports the disclosure made by the Company in its news releases dated March 23, 2016 entitled "AuRico Metals Announces Positive Feasibility Study Update for the Kemess Underground Gold-Copper Project" and "AuRico Metals Identifies High Grade Core to Kemess East Deposit".
The NI 43-101 technical report assumes a base case gold price of US$1,200 per ounce, whereas the March 23, 2016 press release assumed US$1,250 per gold ounce. There are no material differences in the NI 43-101 technical report from the results disclosed in the news releases.
About AuRico Metals
AuRico Metals is a mining royalty and development company whose producing gold royalty assets include a 1.5% NSR royalty on the Young-Davidson Gold Mine, a 0.25% NSR royalty on the Williams Mine at Hemlo, and a 0.5% NSR royalty on the Eagle River Mine – all located in Ontario, Canada. AuRico Metals also has a 2% NSR royalty on the Fosterville Mine and a 1% NSR royalty on the Stawell Mine, located in Victoria, Australia. Aside from its diversified royalty portfolio, AuRico owns (100%) the advanced-stage Kemess Gold-Copper Project in British Columbia, Canada. AuRico Metals' head office is located in Toronto, Ontario, Canada.
SOURCE AuRico Metals
For further information: Chris Richter, President and Chief Executive Officer, AuRico Metals Inc., 416-216-2780, [email protected]; John Fitzgerald, Chief Operating Officer, AuRico Metals Inc., 416-216-2780, [email protected]