For thousands of other reports visit RSC's Mineral Intellingence Map
TMAC Resources Inc.
Summary
| Project: | Hope Bay | |
|---|---|---|
| Deposit: | Boston, Madrid | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/5/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-2-2020: TMAC Resources Inc. announces an Exploration/Drilling Update report for its Boston, Madrid deposit at the Hope Bay project. Drilling results incl. 1.06m @ 274.00g/t Au from 659.53m. TORONTO--(BUSINESS WIRE)--February 5, 2020--TMAC Resources Inc. | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David King (Internal) | |
| ABSTRACT: | TORONTO--(BUSINESS WIRE)--February 5, 2020--TMAC Resources Inc. (TSX: TMR) (“TMAC” or the “Company”) is pleased to provide an update on the fourth quarter 2019 exploration programs at Hope Bay, including high-grade drilling results at Boston and Madrid North Patch 7. Jason Neal, President and Chief Executive Officer of TMAC, stated, “We are pleased to report high-grade gold values from the 2019 Boston drilling program. Drilling has targeted the highgrade plunge of the B3 zone, beneath the current Indicated Resources and outside of the established Inferred Resources, and today’s results demonstrate the potential to add significantly to the high-grade Boston Mineral Resource base at depth.” Jason Neal continued, “The regional exploration programs have been ongoing through 2019 with additional assay results received in the fourth quarter. Regional programs in the fourth quarter included the Boston regional drilling on the Domani alteration trend, which extends approximately 6 kilometres south from the Boston Deposit, and the Too showing, 10 km south of Boston. Current and historical wide spaced drilling over an approximately 700 metre strike length at the Madrid North Patch 7 area has continued to return high-grade gold intercepts from near surface to the approximately 500 metre level. There are currently no Mineral Resources defined at Patch 7. Results from the 2019 drilling program have the potential to add significant Inferred Mineral Resources and further demonstrate the potential to increase the Hope Bay Mineral Resources, both beneath and along strike of the known mineralization.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report