For thousands of other reports visit RSC's Mineral Intellingence Map
TMAC Resources Inc.
Summary
| Project: | Hope Bay | |
|---|---|---|
| Deposit: | Madrid North | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/3/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 3-11-2016: TMAC Resources Inc. announces an Exploration/Drilling Update report for its Madrid North deposit at the Hope Bay project. Drilling results incl. 12.0m @ 10.49g/t Au from 162m. TORONTO, November 3, 2016 /Business Wire/ – TMAC Resources Inc. (TSX | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David King (Internal) | |
| ABSTRACT: | TORONTO, November 3, 2016 /Business Wire/ – TMAC Resources Inc. (TSX: TMR) (“TMAC” or the “Company”) is pleased to provide drilling results from the Madrid North Naartok gold zone (“Naartok”), situated in TMAC’s Hope Bay Property, Nunavut, Canada. Naartok is approximately eight km south of the Company’s Doris processing plant which is in the final stages of construction and expected to begin producing gold early in 2017 and achieve commercial production in the first quarter of 2017. Dr. Catharine Farrow, Chief Executive Officer stated, “We are very pleased with this year’s drill results at Hope Bay. Earlier this year, we reported drill results that extended the known gold mineralization at the Doris deposit and also reported numerous very high-grade gold intersections in the Doris BTD zone below the known Doris gold reserves. The drill results at Naartok, which is within trucking distance of the Doris processing plant, are also very encouraging and demonstrate the significant upside potential of the Madrid gold trend not currently captured in our Mineral Resource base. These results have enabled us to make step-changes in our understanding of host breccia internal morphology, alteration and structure, all of which interact as high-grade ore controls. These results also demonstrate the excellent prospectivity of the entire Hope Bay Belt and provides further encouragement for us to continue to advance the other known Hope Bay deposits towards development. The Naartok drill program successfully defined a wide zone of lower grade breccia-hosted gold mineralization that hosts high-grade gold domains, similar to the existing Naartok Mineral Reserves. This new Naartok gold target trends to the north and is oriented orthogonally to the Naartok West Mineral Resource (see Figure 1). | |
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