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TMAC Resources Inc.
Summary
| Project: | Hope Bay | |
|---|---|---|
| Deposit: | Doris Mine, Madrid North | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/8/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 8-4-2019: TMAC Resources Inc. announces an Exploration/Drilling Update report for its Doris Mine, Madrid North deposit at the Hope Bay project. Drilling results incl. 1.38m @ 682.88g/t Au from 48.29m. TORONTO--(BUSINESS WIRE)--April 7, 2019--TMAC Resource | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David King (Internal) | |
| ABSTRACT: | TORONTO--(BUSINESS WIRE)--April 7, 2019--TMAC Resources Inc. (TSX: TMR) (“TMAC” or the “Company”) is pleased to provide initial results of the ongoing 2019 exploration program. Diamond drilling and initial sill access development at Doris has continued to demonstrate continuity of high grade gold mineralization with visible gold within the BTD Extension zone. The BTD Extension zone remains open to the north and drilling through the remainder of 2019 will continue to upgrade confidence in and expand the zone, supporting our 2019 strategy for continued reserve and resource expansion within the Doris mine, as well as provide high grade feed to the processing plant in 2019. Jason Neal, President and Chief Executive Officer of TMAC, stated, “We are very excited by our results in the BTD Extension where drilling is extending the resource to the north while we are concurrently developing into the zone at the south. Where we are developing in the south, we are encountering visible gold and high grade mineralization. The drill holes to the north are expected to continue expanding the resource, which remains open. The consistency of visible gold identified in the drilling and high grade assay results is rarely seen in Archean gold deposits. Our BTD exploration is very relevant to our near-term mine plan as this material is expected to begin being processed in meaningful quantities in the second half of 2019.” Jason Neal continued, “The 2019 exploration programs have increased significantly over those completed in 2017 and 2018 as we begin to add value through exploration. In addition to the BTD Extension, drilling programs at Madrid North are focused on the near surface | |
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