Gold exploration in Canada continues to return many high-grade intersections, as high as 51.31 g/t Au uncut. That intersection was reported by Toronto’s WESDOME GOLD MINES from the Martin zone at its Kiena complex near Val d’Or, Quebec. The tremendous assay came from a 1.5-m section in hole No.4048, and even when cut the gold content was 23.20 g/t. See also www.Wesdome.com.
COMAPLEX MINERALS of Calgary has wrapped up this summer’s drill program on its 78%-owned Meliadine West gold property near Rankin Inlet, Nunavut. The work was focused on testing the 1000 and 1100 lodes in the Tiriganiaq deposit. The best hole, M06-633, retuned 41.5 g/t Au over 2.5 m from the 1000 lode. Additional results are available at www.Compalex.com.
CUMBERLAND RESOURCES of Vancouver, announced on Oct. 25 that it is selling its 22% interest in the Meliadine West project and its 50% interest in the Meliadine East project to RESOURCE CAPITAL FUNDS, a private equity fund based in Denver and Perth, Australia. The deal is worth Cdn$23 million.
Vancouver-based CANARC RESOURCE CORP. reports assays as high as 44.7 g/t Au over 0.9 m from its New Polaris property in northwestern British Columbia. The company highlighted results such as 40.4 g/t over 1.9 m and broader widths such as 14.0 m at 10.9 g/t Au. Details of the significant results may be viewed at www.Canarc.net.