8 November 2018
TMAC Resources Inc. is pleased to provide an update on exploration activities and results from the 2018 drilling campaigns at both Doris Mine and the Madrid North Deposit, on its 100% owned Hope Bay Project. Drilling at Doris has continued to upgrade confidence in and expand on the high grade BTD Extension zone, which remains open to the north. The 2018 drilling at Madrid North has focused on the core of the Naartok West and Naartok East zones, and has confirmed the continuity of both grade and width of mineralization, near surface, which has potential to provide significant high-grade ore early in the Madrid mine plan.
Jason Neal, Chief Executive Officer of TMAC, stated, “We have had a very successful exploration program in 2018 despite a limited budget. We had prioritized our exploration efforts to focus on Doris BTD and on near surface mineralization at Madrid North. Both drilling programs have continued to return high-grade gold assays and define high margin ore. At Doris BTD, which remains open to the north, we are extending mineralization in areas that are near existing underground development and have the potential to be included in our 2019 mine plan. Also in 2019, we expect to have developed drill platforms to test a further 100 metres of strike length to the north. At Madrid North, the near surface mineralization at Naartok East and Naartok West has the potential to form the early part of any mine, and we are also assessing the potential for ore from Madrid North to be produced in 2019. The Madrid North drilling has been successful in defining the near surface, wide, high-grade core of both Naartok East and Naartok West, and at Naartok East shallow drilling has delivered grade and strike extent materially beyond what was predicted in our current model of the near surface expression.”