NUNAVUT — Calgary-based Comaplex Minerals plans to advance the Meliadine West exploration program near Rankin Inlet to the feasibility stage as soon as possible. At least 20,000 metres of surface diamond drilling is planned for this year as well as geotechnical, geochemical and environmental studies, plus advanced engineering for both an open pit and underground mine.
Of particular interest is the Tiriganiaq deposit where 12 holes have already been drilled. Highlights of the results include 15.7 g/t Au over 3.6 metres in hole M09-787; 48.9 g/t Au over 4.0 metres and 119.0 g/t Au over 0.9 metres in hole M09-788; 13.7 g/t over 2.7 metres and 28.0 g/t over 3.5 metres in hole M09-781; and 21.1 g/t over 8.8 metres, 12.9 g/t over 6.3 metres and 27.5 g/t over 1.8 metres in hole M09-792. Additional assay results will be released as they are received.
Comaplex held an informal meeting with 19 different federal and territorial regulatory groups in early May, and the company is currently working on the compilation of a preliminary project description for them.
The Meliadine West property is owned 78% by Comaplex and 22% by Meliadine Resources (a private company owned 100% by Resource Capital Fund III L.P. of Denver), with Comaplex having an option to increase to 80%. As mentioned earlier, Agnico-Eagle has a 15.6% interest in Comaplex.
Details and photos are available at www.Comaplex.com.
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