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Aura Silver Announces April 2017 Drill Program On Its’ Greyhound Project, Nu

by pmnationtalk on March 20, 201717 Views

March 20, 2017

Aura Silver Resources Inc. (TSX-V: 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.

In addition to ongoing exploration, the core Greyhound project claims are in the process of being converted to a mining lease.

About Aura Silver

Aura Silver is a TSX Venture listed company engaged in the acquisition, exploration and development of precious metal prospects in Canada (100% owned Greyhound project under option to Agnico Eagle) and in Oaxaca, Mexico (100% owned Taviche project). Aura Silver has 128,116,558 common shares outstanding.

Mr. Paul Pitman, B.Sc., P.Geo. is a qualified person as defined by NI 43-101 and has reviewed and approved the technical contents of this press release regarding the Greyhound project.

For further information regarding this press release contact: Robert Boaz, President and CEO at (905) 403-8010 or by e-mail at boaz@aurasilver.com. Aura Silver’s website is located at www.aurasilver.com.

NT4

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