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TMAC Resources Inc.
Summary
| Project: | Hope Bay | |
|---|---|---|
| Deposit: | Doris Mine, Madrid North | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 14-6-2018: TMAC Resources Inc. announces an Exploration/Drilling Update report for its Doris Mine, Madrid North deposit at the Hope Bay project. Drilling results incl. 1.5m @ 1255.00g/t Au from 74.3m. TORONTO, June 14, 2018 /Business Wire/ – TMAC Resource | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David King (Internal) | |
| ABSTRACT: | TORONTO, June 14, 2018 /Business Wire/ – TMAC Resources Inc. (TSX: TMR) (“TMAC” or the “Company”) is pleased to provide an update on exploration results from the 2018 drilling campaigns at both Doris Mine and the Madrid North Deposit, on its 100% owned Hope Bay Project. Jason Neal, Chief Executive Officer of TMAC, stated, “We are pleased with the very positive and encouraging results of TMAC’s exploration drilling in Doris North below the dyke (“Doris North BTD”) and at Madrid North. Drilling on the Doris North BTD zones has demonstrated that the high grade, Doris North Hinge structure continues to the north, below the diabase dyke, and has the potential to add significant high margin gold ounces to the Doris Mineral Resources inventory. The Madrid North surface drilling program is focused on the Naartok West zone, and has confirmed the continuity of the thick, high grade core of the mineralized zone near surface, which will assist in the detailed planning of the Madrid North advanced exploration and bulk sampling program scheduled to commence in 2019.” The Doris Trend is a north-south oriented structural trend developed within Archean-aged, mafic metavolcanicdominant, host rocks. The Doris gold mineralization occurs within a fold structure, at the contact between two geochemically distinct mafic metavolcanic units, a high-titanium metabasalt and a high-magnesium metabasalt in either quartz vein or within shear breccia. The drill results reported are from the most northern known extent of the Doris Trend, below the diabase dyke, within the Doris North BTD East Limb and Doris North BTD Extension zones (Figure 1). The Doris North BTD zones are the extension of the Doris North zone, below a late, locally relatively flat-lying diabase dyke that bisects the known gold mineralization at Doris into upper and lower elevations | |
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