15 October 2019
TMAC Resources Inc. is pleased to provide an update on the ongoing exploration programs at Hope Bay, including continued high-grade drilling results in the Doris North BTD Extension.
Jason Neal, President and Chief Executive Officer of TMAC, stated, “We continue to intersect high-grade gold values over minable widths in the growing Doris North BTD Extension zone. Our work includes infill drilling and sill development in advance of first production ore in the fourth quarter. The BTD Extension will become an increasingly significant contributor of high-grade ore into 2020.”
Jason Neal continued, “The regional exploration programs have been ongoing through the third quarter. Regional exploration includes gold in glacial till sampling, lake-bottom sediment sampling, mapping and prospecting, and some diamond drilling. Drilling results have returned anomalous gold values that will help generate targeting and follow up work for the 2020 program. In the fourth quarter we are active at Boston and look forward to providing an update on results in early 2020.”
DORIS – EXPLORATION DRILLING
At Doris mine, underground expansion and infill drilling and production development is ongoing on the high-grade Doris North BTD Extension zone. During the quarter, infill drilling has continued to confirm continuity of high-grade gold mineralization. Highlights from the recent underground drilling program include drill hole TMBE-19-50148 returning 196.1 g/t Au over 6.8 metres, and TMDBE-19-50510 returning 31.6 g/t Au over 1.2 metres and 26.8 g/t Au over 9.3 metres, and drill hole TMDBE-19-50528 returning 87.5 g/t Au over 6.6 metres, and 19.7 g/t Au over 4.9 metres. Production development continues within the southern portion of the zone, with sill development on five levels in preparation for longhole mining which has commenced in the fourth quarter of 2019. In addition, the exploration drive is being extended 125 metres to the north, which will allow further expansion drilling in late 2019 and 2020.
Assays were also received for the final drill hole completed as part of the surface exploration program at Doris, north of the known deposit in the Doris Valley. The initial five holes intersected the Doris deposit stratigraphy, and significant mineralization between 325 to 375 metres along strike to the north, returning up to 8.9 g/t Au over 8.5 metres and 97.6 g/t Au over 0.3 metres. Refer to the news release issued on August 14, 2019 titled “TMAC Announces Growth of Doris BTD Extension Zone and First Results from Doris Regional Program”. See Table 1 in the release for results of the remaining surface drill holes. Based on the positive results in 2019, a drilling program is being designed for the 2020 winter exploration season.