Maude Lake Exploration (MAU-V) has tabled its latest independent gold resource evaluation of the Comtois project, west of Lebel-sur Quevillon, Que.
The estimate, prepared by Roscoe Postle Associates, pegs inferred mineral resources in the Osborne and Bell gold deposits at 808,000 tonnes averaging a cut grade of 9.6 grams gold per tonne, or 249,000 contained ounces of gold. The estimate is based on a cut-off grade of 6 grams gold per tonne and a gold price of US$300 per oz. The resource has an average thickness of 3.7 metres. All high assay values were cut to 30 grams gold per tonne. Uncut, the average grade rises to 20.2 grams gold for a contained resource of 524,000 oz.
At last count, Comtois’ indicated resource stood at 1.8 million tonnes running 4.5 grams gold at a cutoff grade of 1 gram gold, for 262,488 contained ounces. Included are 695,485 tonnes of 9.05 grams gold, at a cutoff grade of 4 grams gold per tonne.
Maude has defined three main gold zones at the Osborne deposit and four at the new Bell deposit (defined by just 15 drill holes). The zones remain open in all directions.
The company plans further surface trenching and diamond drilling to better define the Bell deposit. Both the Bell and Osborne deposits contain generally finely disseminated gold associated with pyrite disseminations, stringer stockworks and veinlets.
In late February, Maude reported encouraging results from four of seven holes collared over the new Bell zone on the Cameco option. Hole 87 cut 3 metres (from 129.3 metres) running 7.6 grams gold. Three other holes returned 16-58 grams gold over widths of 1-1.5 metres. The three remaining holes cut intervals of anomalous gold.
Late last year, Maude earned a half-interest in 130 claims at Comtois owned by Cameco (CCO-T).
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