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TMAC Resources Inc.
Summary
| Project: | Hope Bay | |
|---|---|---|
| Deposit: | Doris BTD, Madrid North | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-7-2019: TMAC Resources Inc. announces an Exploration/Drilling Update report for its Doris BTD, Madrid North deposit at the Hope Bay project. Drilling results incl. 3.39m @ 330.70g/t Au from 66.75m. TORONTO--(BUSINESS WIRE)--July 15, 2019--TMAC Resource | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David King (Internal) | |
| ABSTRACT: | TORONTO--(BUSINESS WIRE)--July 15, 2019--TMAC Resources Inc. (TSX: TMR) (“TMAC” or the “Company”) is pleased to provide second quarter exploration results, which include underground drilling targeted at growing the high-grade Doris North BTD Extension as well as surface results from the winter programs at Doris and Madrid North. Also included are limited initial results from the 2019 summer program. For the third quarter, underground drilling at Doris North BTD Extension continues, regional exploration programs ramp up, and the Boston Camp has been opened with drilling to commence soon. Jason Neal, President and Chief Executive Officer of TMAC, stated, “Underground diamond drilling on the Doris North BTD Extension zone continued to expand the high-grade mineralization to the north, in this quarter stepping out a further 60 metres from previous results in the first quarter. Also, drilling from surface at Doris intersected consistent mineralization, with visible gold noted, a further 325 metres to the north of the established resources, and at a shallower depth than the Doris North BTD Extension. At this point we do not have information to determine if this a continuation of Doris North BTD Extension, fault offset block, or a new mineralized zone. Expanding the BTD Extension zone adds high-grade mineralization that will be mined in the near future; however, encountering similar mineralization on a significant step out drill hole increases our confidence in the long-term sustainability of Doris operations.” | |
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