7 June 2016
TORONTO, ON --(Marketwired - June 07, 2016) - TMAC Resources Inc. (TSX: TMR) ("TMAC" or the "Company") announces that high-grade gold has been drill intersected at depth below the dyke at the Doris Deposit during the Company's ongoing underground drill program at Doris, located in the northern part of the Hope Bay Property, Nunavut.
Drilling Highlights Below the Dyke ("BTD"):
Dr. Catharine Farrow, Chief Executive Officer of TMAC, stated, "The drill results published today demonstrate that the high-grade gold bearing quartz veins and structures that are in our current mine plans are not truncated by the 75 metres to 100 metres thick, un-mineralized diabase dyke that exists from approximately 100 metres to 200 metres below surface. The current known high-grade reserves and resources at the Doris North Hinge Zone (Measured and Indicated Mineral Resources of 550,000 tonnes grading 20.2 g/t Au and containing 358,000 Au oz.) are currently only defined above the diabase dyke and only to the shallow depth of 160 metres. Today's drill results along with historical drill results in this area demonstrate that the Doris high-grade gold bearing structures occur below the current shallow depths of the Doris reserves (surface to 150 metres below surface). We are excited by the initial results of our underground drilling program as we begin to explore and define mineralization on the Doris Deposit below the diabase dyke. Management believes these results could significantly expand the current five year mine life at the Doris mine and dramatically affect the global reserves and resources and annual gold production at Hope Bay."