NUNAVUT – COMAPLEX MINERALS of Calgary has updated resources at its Meliadine West gold property. Specifically, the resources at the Tiriganiaq deposit have been recalculated, assuming it would be a high-grade, narrow-vein underground development. This represents a significant change from historical estimates assessed the property for its open pit potential.
The new resource figures for the Tiriganiaq deposit are 2.47 million tonnes indicated and 417,000 tonnes inferred at grades of 10.8 g/t and 12.7 g/t Au, respectively, in the Main zone. The West zone has an additional inferred resource of 725,000 tonnes grading 13.4 g/t Au. Comaplex says the deposit also has near-surface mineralization that did not meet the underground cut-off grade criteria but might support a small open pit in addition to the underground development. A future resource estimate based on a block model would allow crossover studies that would investigate the most appropriate combination of open pit and underground mining.
Comaplex has a 78% interest in the Meliadine West property with an option to increase to 80%. Cumberland Resources holds a 22% interest. Comaplex hopes to proceed with development as quickly as possible. Its website is at www.Comaplex.com.