TMAC fourth quarter drilling results include high-grade gold at Boston and regionally

5 February 2020

TMAC Resources Inc. provided an update on the fourth quarter 2019 exploration programs at Hope Bay, including high-grade drilling results at Boston and Madrid North Patch 7. Drilling results included high-grade gold at Boston and regionally.

Boston highlights

  • TMBBO-19-00001       13.6 g/t Au over 14.2 metres
  • TMBBO-19-00002       274.0 g/t Au over 1.1 metres and 14.2 g/t Au over 6.8 metres
  • TMBBO-19-00004       25.7 g/t Au over 1.5 metres

Boston regional highlights

  • TMRDO-19-00004       95.8 g/t Au over 0.7 metres

Madrid regional highlights

  • TMMP7-19-00030 and 19.8 g/t Au over 0.7 metres and 6.3 g/t Au over 9.3 metres
  • TMMP7-19-00031 and 15.6 g/t Au over 7.7 metres and 32.4 g/t Au over 2.5 metres
Jason Neal, President and Chief Executive Officer of TMAC, stated, “We are pleased to report high-grade gold values from the 2019 Boston drilling program. Drilling has targeted the high-grade plunge of the B3 zone, beneath the current Indicated Resources and outside of the established Inferred Resources, and today’s results demonstrate the potential to add significantly to the high-grade Boston Mineral Resource base at depth.”
Jason Neal continued, “The regional exploration programs have been ongoing through 2019 with additional assay results received in the fourth quarter. Regional programs in the fourth quarter included the Boston regional drilling on the Domani alteration trend, which extends approximately 6 kilometres south from the Boston Deposit, and the Too showing, 10 km south of Boston. Current and historical wide spaced drilling over an approximately 700 metre strike length at the Madrid North Patch 7 area has continued to return high-grade gold intercepts from near surface to the approximately 500 metre level. There are currently no Mineral Resources defined at Patch 7. Results from the 2019 drilling program have the potential to add significant Inferred Mineral Resources and further demonstrate the potential to increase the Hope Bay Mineral Resources, both beneath and along strike of the known mineralization.”
 

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