Drilling at the Meliadine project north of Rankin Inlet, N.W.T. has been completed, and joint-venture partners Cumberland Resources (VSE) and Comaplex Minerals (TSE) are ready to recalculate the resource.
Over the summer, 19,700 ft. were drilled to test the property’s Discovery zone down to a depth of 1,200 ft. Other holes were drilled on the four Capricorn zones to the northwest and the Pisces zone to the southeast.
On the Discovery zone, where previous drilling outlined a preliminary geological resource of 740,000 tons grading 0.29 oz. gold per ton, drill holes testing the deposit at depth found mineralization over significant intersection lengths.
Hole 95-114 penetrated two zones — one grading 0.7 oz. gold over 11.5 ft., and the other grading 0.21 oz. over 17.7 ft. Hole 95-103, which tested the deepest part of the zone, intersected 5.7 ft. of mineralization with a gold grade of 0.2 oz.
Holes drilled into the main body of the deposit above the 500-ft. level returned grades ranging from 0.15 to 0.58 oz. per ton. The mineralized intersections were between 10 and 26 ft. long. One hole, drilled on the Discovery West zone, intersected 13.1 ft. grading 0.24 oz. gold.
Mineralized intersections on the Capricorn 1 zone returned grades ranging from 0.21 oz. over 19.7 ft to 0.72 oz. over 12.5 ft. On the smaller Capricorn 2, 3, and 4 zones, mineralization was narrower — 2.1 to 9.5 ft. — and grades ranged from 0.2 to 3.4 oz. gold. Alteration and gold grades appear to increase with depth.
The Pisces West zone, where earlier drilling revealed intersections with as much as 0.36 oz. gold over 9.3 ft., continued to provide consistent results. Additional samples from hole 95-85 assayed 0.43 oz. per ton over a core length of 6.6 ft., and new holes 95-94 and 95-113 cut mineralized zones of 0.17 oz. over 9.8 ft and 0.21 oz. over 3.3 ft. Another outlying target, the Aquarius, was also drilled, with hole 95-112 delivering 0.2 oz. gold per ton over 3.3 ft.
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