TMAC Resources provides operations update and reports 2017 mineral reserves & mineral resources estimate, Hope Bay, Nunavut
14 July 2017
TMAC Resources Inc., has provided an operations update together with its updated mineral reserves and mineral resources as of June 30, 2017. The tonnes of ore being fed from the ore stockpiles into the processing plant continue to be lower than planned due to the processing plant’s ramp up proceeding slower than expected. While the underground development at Doris North and Doris North BTD continues as planned, the daily mining rate at Doris North remains less than planned due to the reduced number of tonnes being fed into the processing plant and the large stockpile of ore remaining on surface. Total proven and probable mineral reserves at Hope Bay have increased by 100,000 contained gold ounces to 14,529,000 tonnes at 7.7 g/t Au for 3,607,000 contained gold ounces. Madrid North proven and probable reserves have increased by 126,000 contained gold ounces to 8,350,000 tonnes at 6.7 g/t Au for 1,802,000 contained gold ounces.