Canadian Mining Journal

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GOLD: TMAC cuts more high and wide grades at Hope Bay



Longitudinal section of the Doris gold deposit. (Image: TMAC Resources)

NUNAVUT – Toronto-based TMAC Resources continues to drill high grades and good widths at its Hope Bay gold project. This year’s campaign focused on the Doris mine and the Madrid North deposit.

Drilling at Doris continues to upgrade confidence in and expand the BTD Extension zone, which is open to the north. Highlights there included 11.3 g/t gold over 16.2 metres including 26.2 g/t over 5.6 metres; 126.5 g/t gold over 0.7 metre and 38.2 g/t over  9.7 metres and 21.2 g/t over 0.8 metres; 16.4 g/t over 6.5 metres; and 24.2 g/t over 10.9 metres and 57.8 g/t over 1.5 metres.

At Madrid North drilling focused on the core of the Naartok West and Naartok East zones. The continuity of the mineralization has been confirmed near surface, and it might provide high grade ore early in the Madrid mine plan. At Naartok West, TMAC drilled 7.4 g/t gold over 65.7 metres including 14.4 g/t over 26.1 metres; 17.1 g/t over 1.5 metres and 12.6 g/t over 15.5 metres; and 6.6 g/t over 42.2 metres including 32.9 g/t over 5.0 metres. At Naartok East the highlights include 10.4 g/t gold over 9.6 metres; 4.9 g/t over 29.5 metres; 10.9 g/t over 10.5 metres; and 11.0 g/t over 12.5 metres.

TMAC announced on Nov. 12, 2018, it has received the project certificate for the Madrid and Boston project. Additionally, the Nunavut Water Board has concluded its hearings and plans to submit water licences to the Crown-Indigenous Relations and Northern Affairs Canada by mid-December. Federal approval is anticipated 45 days after the submission.

TMAC has more information about Hope Bay on its website at www.TMACresources.com.