TMAC drills 17.6 m of 22 g/t Au at Hope Bay

Stockwatch Daily - - MINES & METALS - Dr. Catharine Far­row re­ports

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.”

Op­er­a­tions

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 (karenb@stock­watch.com).

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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