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GOLD RESOURCES – Comaplex offers new numbers for deposits at Meliadine

NUNAVUT - COMAPLEX MINERALS of Calgary has increased its resource estimate for the Tiriganiaq deposit (Meliadine We...


NUNAVUT – COMAPLEX MINERALS of Calgary has increased its resource estimate for the Tiriganiaq deposit (Meliadine West) and made a new estimate for the discovery deposit (Meliadine East).

Separate estimates were made for the upper and lower portions of the Tiriganiaq deposit, which may contain 3.0 million oz of gold in all categories. Above the 9900-m level (170 metres below surface), using a 2.5 g/t Au cutoff, the indicated resource is 6.1 million tonnes grading 6.4 g/t Au. The inferred material totals 1.6 million tonnes at 4.1 g/t Au. Below the 9900-m level, using a 6.5 g/t Au cutoff, the indicated resource is 1.5 million tonnes at 10.9 g/t Au, and 3.3 million tonnes at 11.1 g/t Au in the inferred category. The western portion of the deposit is open at depth and down plunge.

Based on information from historic drill holes and channel samples, Comaplex has compiled the first NI43-101-compliant resource estimate for the Discovery deposit. From surface to 120 metres, using a 2.0 g/t Au cutoff, the indicated resource is 697,400 tonnes grading 6.9 g/t Au, and the inferred portion is 322,000 tonnes at 7.0 g/t Au. Below 120 metres, using a 5.0 g/t Au cutoff, the indicated resource total is 333,000 tonnes at 9.7 g/t Au and the inferred total is 300,600 tonnes at 7.9 g/t Au. Total contained gold in both categories is roughly 400,000 oz.

The Meliadine West property is owned 78% by Comaplex and 22% by MELIADINE RESOURCES, with Comaplex having an option to acquire an additional 2% from its partner. The Meliadine East property is a 50-50 joint venture between Comaplex and Meliadine Resources.

Maps and other details of the project are available at www.Comaplex.com.


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