TMAC drills 17.6 m of 22 g/t Au at Hope Bay
TMAC RESOURCES Inc. has released additional drilling results from the 2017 drilling campaigns at both Doris mine and Boston deposit on its 100-percent-owned Hope Bay project. The initial drilling results at Boston were reported on Aug. 10, 2017, and TMAC has since received all assay results from the remaining Boston and Doris drilling to date. The company is also providing an operational update.
Highlights — Boston:
• TMB0009 — Boston B2 — 22.0 grams per tonne gold over 17.6 metres including 80.4 g/t Au over 3.2 metres;
• TMB0015 — Boston B2 — 15.9 g/t Au over 18.4 metres including 29.4 g/t Au over 8.4 metres. Highlights — Doris BTD:
• TM50089 — Doris BTD — 18.8 g/t Au over 2.4 metres;
• TM50094 — Doris BTD — 12.7 g/t Au over 1.0 metre.
Dr. Catharine Farrow, chief executive officer, stated: “We are pleased with the very positive and encouraging results of TMAC’s initial exploration drilling campaign on the Boston deposit that was completed this summer. The campaign targeted wide, high-grade gold trends within the known Boston mineral resources and the results being reported today confirm the tremendous potential to mine these high-grade zones using bulk underground mining methods. The results also indicate the potential to significantly increase the gold Mineral Resources at Boston and will be used to establish the 2018 mineral resource estimates. This summer’s drill program also confirmed that Boston has tremendous exploration upside, along strike and at depth. Drilling at Doris BTD, which is designed to refine the structural controls of the zone to guide infill drilling, will resume in the fourth quarter. The infill drilling continues to intersect high-grade gold over mineable widths. In addition, the underground development in the BTD confirms the continuity and ore grade of the ore-bearing structures at depth below the diabase dike.”
She added: “The processing plant’s performance continues to improve with average daily throughputs for September at 90 per cent of design capacity. Optimization work is continuing in the gravity and flotation areas of the crushing, grinding, gravity and flotation side of the plant. Our systematic approach to troubleshooting performance issues is also being employed to improve performance on the concentrate treatment side of the plant.”
The processing plant can and has operated at or in excess of its design capacity of 1,000 tonnes per day (tpd) and average daily throughput for September is over 900 tpd as a result of much improved plant availabilities.
TMAC has safely and successfully completed its fourth annual sealift.
Boston exploration drilling
The B2 zone’s measured and indicated mineral resources extend from surface to the 350-metre level and are open at depth. Widely spaced historical drilling below the current mineral resources has intersected significant mineralization, including drill hole 11SBD414A, which intersected 28.5 g/t Au over 7.1 metres, 17.3 g/t Au over 4.8 metres and 46.6 g/t Au over 7.8 metres, and drill hole S03-293, which intersected 56.6 g/t Au over 8.7 metres at the 1,020-metre level. Recent significant results from the B2 zone include drill hole TMB0009, which intersected 22.0 g/t Au over 17.6 metres, including 80.4 g/t Au over 3.2 metres, and drill hole TMB0015, which intersected 15.9 g/t Au over 18.4 metres, including 29.4 g/t Au over 8.4 metres. The Boston camp has been closed for the balance of the 2017 season.
Doris BTD exploration drilling
Initial results from the 2017 Doris BTD drilling were released on Aug. 10, 2017. Highlights from the recently received assays include drill hole TM50089, which intersected 18.8 g/t Au over 2.4 metres. Drilling has been suspended during the 2017 sealift period due to camp space considerations. To date, approximately 13,140 metres of the 20,000 metres budgeted have been completed in a total of 53 diamond drill holes. The next phase of Doris BTD drilling will target infill and expansion drilling on the high-grade Doris BTD extension on the north side of the north fault and is scheduled to resume in the fourth quarter.
We seek Safe Harbor.
Karen Baxter condensed this news release (firstname.lastname@example.org).
Andrew Bell Adams, Leona Aglukkaq, Joao Paulo Simoes Carrelo, Franklin Lorie Davis, Edward Randall Engel, David R Faley, Catharine Elizabeth Goddard Farrow, John Wykgham Lydall, A Terrance MacGibbon
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