NUNAVUT – The $31-million drill program begun by MIRAMAR MINING of Vancouver at its Hope Bay gold project looks to be paying off. Six core rigs are now focused on the Suluk deposit where assays have exceeded Miramars expectations. One of the latest near-surface drill holes intersected a 21.5-m length grading 5.3 g/t Au, including 5.8 m at 13.7 g/t Au. Another hole returned 33.3 m of 12.1-g/t Au core, including 13.7 m grading 15.8 g/t Au and 8.4 m grading 18.8 g/t Au.
Drilling also continues at the contiguous Rand deposit. Visible gold has been seen in four of the five holes completed near surface in that deposit. Assays are pending.
Miramar is re-evaluating two areas of the Boston deposit, using lower cutoff grades. At a cutoff of 1.0 g/t, the company estimates the inferred resource to be 3.7 million t at 2.1 g/t Au.
Detailed information about the Hope Bay project is available at www.MiramarMining.com. Note that the resource numbers are a year old, and that it might be worth checking back to view updated figures when the current drill program is completed.