In the United States, we are evaluating and searching across continental United States and in Alaska for quality exploration and mine development opportunities. Our 2017 exploration budget of $5.5 million is principally focused on outside exploration opportunities largely in the western United States and Alaska.
PQX, Summit and West Pequop: Three properties - PQX, Summit (both 100% owned by Agnico Eagle) and West Pequop (a 51% Agnico-49% Newmont joint venture, operated by Agnico Eagle) - are adjacent to Newmont’s Long Canyon mine development in northeast Nevada. There is potential for gold in high-grade feeder structures in an extension of the Long Canyon deposit. West Pequop has historic gold resources, with the potential for growth. We plan to spend $470,000 in 2017 at PQX, Summit and West Pequop on land-holding fees and environmental compliance for the properties.
Delta: In 2017 we plan to evaluate select areas on our 100%-owned Delta project in Alaska to identify targets for drilling in 2018 and complete an updated resource estimate on the previously drilled VMS lenses.