TORONTO, ONTARIO--(Marketwired - Jan. 27, 2015) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TMAC Resources Inc. ("TMAC" or the "Company") is pleased to announce a significant increase of the Measured and Indicated ("M&I") Resources and the Inferred Resources at its 100% owned Hope Bay Property, Nunavut, Canada. The M&I resources now total 4.441 million ounces of gold ("oz Au") contained in 14.37 3 million tonnes, grading 9.6 g/t Au and the Inferred Resources total 1.319 million oz Au contained in 5.394 million tonnes, grading 7.6 g/t Au. This represents an increase of 59% or 1.65 million oz Au in the M&I category and an increase of 1.19 million ounces Au in the Inferred Resources category over the previous mineral resource estimate contained in TMAC's December 2013 Hope Bay Preliminary Economic Assessment ("PEA").
Terry MacGibbon, TMAC's Executive Chairman, stated, "I am very pleased and appreciative of the great work done by TMAC's exploration team during 2014. The confirmation of the continuity and the demonstration of the depth potential at Doris has potential to add significant value to the Company. The very high grade Doris "Hinge Zone" has always been targeted for high grade (21.7 g/t Au) start up mining at Hope Bay, but the addition of over 600,000 additional shallow, high grade resources at Doris could significantly add to mine life at Doris and the economics of the Hope Bay Project's Pre-feasibility Study expected at the end of Q1 2015. The new understanding of the geology and mineralization at Madrid North and the subsequent change in drill orientation could be a "game changer" for that deposit. In addition to adding over 750,000 high grade oz Au to the Madrid M&I Resource, this new understanding and approach has the potential to greatly further add to the Madrid gold resource base. I look forward to the TMAC exploration team, which consists of many of the former FNX Mining exploration team, to continue to use their unique and successful exploration approach in 2015 and for many years to come at the Hope Bay property."
The 2014 Exploration program, active from May through November, consisted of 67,817 metres of diamond drilling in 152 drillholes. The majority of the drilling was focused on infill and expansion drilling on the Doris Connector and Central zones, as well as the Madrid North Naartok zone. Results of the drilling program have been used to further refine the geological models and update the mineral resource estimates for the Doris, Madrid North and Madrid South Deposits. No drilling was conducted on the Boston Deposit and there have been no changes to its PEA resource estimate. The updated mineral resources estimate for the Hope Bay project is presented in Table 1.
Highlights of the 2014 exploration program include an increase of greater than 600,000 oz Au contained within the M&I Resource categories at Doris and greater than 750,000 oz Au contained within the M&I resource category at the Madrid North, representing 229% and 51% increases, respectively, from the resources in the PEA.
Catharine Farrow, TMAC's Chief Executive Officer stated, "We achieved two major accomplishments during the 2014 drill campaign. The first one dispels the concern that Doris, although extremely high grade, might not have continuity and might not be able to support a long mine life. The 2014 drill program confirmed the continuity of the gold mineralization at Doris and the predictive capability of our geological modelling. Although drilling to date has only tested the Doris trend to a few hundred metres, we can now show that the Doris potential has not been tested at depth. The very shallow Measured Resource at Doris of 443,000 tonnes grading 21.7 g/t Au is expected to provide exceptionally high grade ore for the first several years of mining at Hope Bay". Dr. Farrow added, "Secondly, the 2014 work program at Madrid North on the Naartok zone resulted in the development of a newly refined geological model for the gold mineralization at Naartok. This development facilitated a change in the orientation of the drilling at Naartok from north-south to east-west over the final three months of the drill program whereby we were able to understand, predict, and join the thick high grade gold zones known to exist at Naartok and to add significant gold ounces to the mineral resource. We are greatly encouraged by our success in upgrading the mineral resources during 2014 and now have confidence we will continue to be successful as we pursue the opportunity to increase deposit size along strike and at depth with future drilling at all three of our known deposits - Doris, Madrid and Boston."
Table 1: Hope Bay Mineral Resource Estimate (as of January 23, 2015)
| Measured | Indicated | Measured and Indicated | Inferred | |||||||||
| Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | |
| Zone | (kt) | (Au g/t) | (koz) | (kt) | (Au g/t) | (koz) | (kt) | (Au g/t) | (koz) | (kt) | (Au g/t) | (koz) |
| Doris Hinge | 443 | 21.7 | 309 | 108 | 14.0 | 48 | 550 | 20.2 | 358 | |||
| Doris Connector/Central | 1,562 | 9.4 | 472 | 1,562 | 9.4 | 472 | 246 | 7.4 | 59 | |||
| Doris Connector Deep | 150 | 7.1 | 34 | 150 | 7.1 | 34 | 340 | 7.1 | 77 | |||
| Doris North Deep | 32 | 6.3 | 6 | 32 | 6.3 | 6 | 194 | 7.4 | 46 | |||
| Doris South Deep | 234 | 8.6 | 65 | |||||||||
| Doris Total | 443 | 21.7 | 309 | 1,852 | 9.4 | 561 | 2,295 | 11.8 | 870 | 1,014 | 7.6 | 247 |
| Suluk South | 500 | 6.1 | 98 | |||||||||
| Suluk East | 437 | 6.1 | 85 | |||||||||
| Suluk West | 1,760 | 7.9 | 444 | 1,760 | 7.9 | 444 | 1,247 | 6.9 | 275 | |||
| Spur | 31 | 5.1 | 5 | |||||||||
| Rand | 419 | 6.6 | 89 | 419 | 6.6 | 89 | 127 | 6.0 | 24 | |||
| Naartok | 6,437 | 8.4 | 1,730 | 6,437 | 8.4 | 1,730 | 812 | 9.3 | 242 | |||
| Madrid Total | 8,616 | 8.2 | 2,263 | 8,616 | 8.2 | 2,263 | 3,155 | 7.2 | 730 | |||
| Patch 14 | 359 | 17.7 | 204 | 359 | 17.7 | 204 | 182 | 6.8 | 40 | |||
| Wolverine | 212 | 11.5 | 78 | 212 | 11.5 | 78 | 238 | 10.7 | 82 | |||
| Madrid South Total | 571 | 15.4 | 282 | 571 | 15.4 | 282 | 420 | 9.0 | 122 | |||
| Boston UG North | 133 | 6.3 | 27 | 133 | 6.3 | 27 | 10 | 6.9 | 2 | |||
| Boston UG B2 | 1,674 | 12.3 | 664 | 730 | 9.8 | 229 | 2,404 | 11.6 | 893 | 176 | 7.1 | 40 |
| Boston UG B3/B4 | 102 | 7.9 | 26 | 252 | 9.9 | 80 | 354 | 9.3 | 106 | 619 | 8.9 | 178 |
| Boston Total | 1,776 | 12.1 | 690 | 1,115 | 9.4 | 336 | 2,891 | 11.0 | 1,026 | 805 | 8.5 | 220 |
| Grand Total | 2,219 | 14.0 | 999 | 12,154 | 8.8 | 3,442 | 14,373 | 9.6 | 4,441 | 5,394 | 7.6 | 1,319 |
| Notes: | |
| 1. | CIM definitions were followed for Mineral Resources. |
| 2. | Mineral Resources are estimated at a cut-off grade of 4.5 g/t Au with the exception of Boston which used a 5.0 g/t Au cut-off. Mineral Resources for Boston remain unchanged from the previous estimate (RPA Preliminary Economic Assessment 2013). |
| 3. | Mineral Resources are estimated using a long-term gold price of US$1400 per ounce, and a US$/C$ exchange rate of 1.12. |
| 4. | A minimum mining width of approximately 1.5 m was used. |
| 5. | A 50m crown pillar allowance was applied to resources located below lakes. |
| 6. | Numbers may not add due to rounding. |
TMAC considers the 2014 exploration program a tremendous success on many fronts, including working with our contractors to complete the program in a sustainable, safe and cost effective manner. As a demonstration of the Company's ability to operate effectively in the Canadian Arctic environment, the drill program was completed under budget at a direct cost of $267 per metre and with all-in costs of $361 per metre, which is outstanding given the logistics and added costs associated with a helicopter and camp supported program in the remote Canadian Arctic. Upgrading the mineral resource classification was done at an all-in cost $8.63 per additional ounce of Au and 41.9 ounces of Au were added for every metre drilled.
The updated mineral resource estimate will provide the foundation for the mine planning and reserve estimate currently being completed as part of a Pre-feasibility Study (PFS) expected to be released at the end of Q1 2015. Although the main objective of the 2014 drilling was infill drilling and upgrading of the Inferred Resources, TMAC was also successful in adding additional Inferred Resources and replacing 74% of the Inferred Resource base. This demonstrates the expansion potential of the known deposits within the Hope Bay Belt and solidifies TMAC's confidence that the Hope Bay Belt will become a multi-generational mining complex.
Geology
The gold deposits at the Hope Bay Project are hosted within a large, 85 km long, 2.7 Ga, Archean aged greenstone belt. The Hope Bay Belt has high grade gold occurrences and deposits over its entire length, with Doris and Madrid in the north end of the belt and Boston in the south. The belt is bisected by the roughly N-S oriented Hope Bay Deformation Zone ("HB DZ") down its axis over a length of almost 80 km. Known gold mineralization tends to be hosted in trends along splays and lower order structures both on the east and west sides of the HBDZ. To date, all three of the known trends (Doris, Madrid and Boston) are open along strike and to depth and have generally only been explored to depths of several hundred metres.
At Doris known Au mineralization is focused along upright structures for a strike length of approximately 3 km. Gold-bearing quartz-carbonate veining is hosted by intense alteration and fabric development in mafic metavolcanic host rocks. The deposit is separated into upper and lower portions by the intrusion of the late (approximately 700 million year old) Doris diabase dyke, the upper portion being most intensely drilled and representing the bulk of the Measured and Indicated Resources at Doris.
The bulk of the drilling in the Madrid trend was in the Naartok deposit area, where the new geological model helped to define N-S oriented shoots. The Naartok deposit area is at the north end of the 6 km long, curvilinear Madrid Deformation Zone ("MDZ"). The Naartok gold mineralization is hosted in silicified and sulphide-bearing breccia intruded to the north of the MDZ. There the host breccias thicken locally as shoots oriented along N-S structures under a relatively homogenous variolitic mafic metavolcanic unit. Gold grade has a linear relationship with both sulphide content and intensity of silicification in the breccia.
Data Verification, Quality Assurance and Quality Control and Estimation Methodology
RPA Inc. ("RPA") has estimated the Hope Bay mineral resources using drill hole data available as of January 23, 2015. The quality assurance/quality control ("QA/QC") program for gold analyses included, blank and standard samples routinely inserted into the sample stream. Screen metallic fire assays were performed on samples returning higher than 10 g/t Au on fire assay with a gravimetric finish. Sample preparation and analyses were done using industry accepted practices at ALS Chemex in Yellowknife and Vancouver. RPA reviewed the QA/QC performed by TMAC and is of the opinion that the results are suitable to support mineral resource estimation.
Geological wireframes used to constrain estimates were generated in Datamine Studio 3 and Leapfrog Geo using traditional sectional interpretation and Leapfrog Geo's vein modeling tool. Assays were capped to various levels based on statistical analyses prior to compositing. Variography was performed using Snowden Supervisor prior to interpolation in order to assess grade continuity and anisotropy for each grade domain. Parent block sizes were selected considering the shape of the deposit, style of mineralization and envisaged selectivity during mining. Block models were sub-blocked to better represent wireframes volumes. Inverse Distance (ID) to the second and third power was used to inform block grades in Datamine Studio 3. Dynamic anisotropy was used to orient search ellipses along the trend of the mineralization.
CIM Definition Standards for Mineral Resources and Mineral Reserves (May 2014) were followed during Mineral Resource Classification considering the density of drilling, the position of underground test mining and grade continuity. A minimum thickness criteria of approximately 1.5 metre was applied where required using either re-blocking or dilution to the minimum horizontal thickness prior to reporting Mineral Resources. Mineral Resources are reported at a breakeven cut-off of 4.5 g/t Au, with the exception of the Boston resource which uses a cut-off of 5 g/t Au and remains unchanged from the December 2013 Hope Bay PEA. The cut-off is estimated using a $1,400 per ounce gold price, an average operating cost of $208.5 per tonne and a metallurgical recovery of 92%.
No mineral reserves have been estimated to date.
Qualified Person
The mineral resources for the Hope Bay Project disclosed in this press release have been estimated by Mr. Sean Horan, P.Geo., an employee of RPA and independent of TMAC. By virtue of his education and relevant experience Mr. Horan is a "Qualified Person" for the purpose of National Instrument 43-101. Mr. Horan, P.Geo. has read and approved the contents of this press release as it pertains to the disclosed mineral resource estimate.
David M. King, M.Sc., P.Geo., TMAC's VP Exploration and Geoscience is the qualified person (QP) responsible for the Hope Bay exploration programme and for the other scientific and technical content of this release.
About TMAC
TMAC is a privately held mineral exploration and development focused company headed by Terry MacGibbon, founder of FNX Mining Company Inc. and co-founder and Chairman of Torex Gold Resources Inc. TMAC management has an exceptional track record of developing high grade, profitable underground mines. TMAC is advancing the Hope Bay Project in the Kitikmeot Region, Nunavut, Canada with a goal of production as a high-grade, underground gold mining region, beginning with Doris Mine.
Forward-Looking Statements
This press release is not an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. The securities referred to in this press release have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933 and applicable state securities laws.
This release contains "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws that are intended to be covered by the safe harbors created by those laws. "Forward-looking statements" or "forward-looking information" include statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology. Such forward-looking information includes, without limitation, statements with respect to mineral resource estimates; targeting additional resources and expansion of deposits; the economic analyses contained in the preliminary economic assessment on the PEA; the Company's expectations, strategies and plans for the Hope Bay Project, including estimated completion dates for certain milestones, including completing a Pre-feasibility Study by March 31, 2015, successfully adding or upgrading resources, the successful development of new deposits and of future exploration; the timing and amount of future production; future financial or operating performance and condition of the Company and its business, operations and properties; and any other statement that may predict, forecast, indicate or imply future plans, intentions, levels of activity, results, performance or achievements, and involve known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking information.
Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including among other things assumptions about: favourable equity and debt capital markets; the ability to raise sufficient capital to advance the development of the Hope Bay Project and pursue planned exploration; future prices of gold and other metal prices; accuracy of any mineral resource estimates; the geology of the Hope Bay Project being as described in the PEA; the metallurgical characteristics of the deposit being suitable for the Gekko plant; the successful operation of the Gekko plant; production costs; accuracy of budgeted exploration and development costs and expenditures, including to complete development of the infrastructure at the Hope Bay Project; the price of other commodities such as fuel; future currency exchange rates and interest rates; favourable operating conditions; political and regulatory stability; receipt of governmental approvals and permits and all necessary third party financing on favourable terms; obtaining renewals for existing licences and permits and obtaining all other required licences and permits; sustained labour stability; stability in financial and capital goods markets; availability of equipment; positive relations with the KIA and NTI and other local groups; and the Company's ability to operate in the harsh northern Canadian climate. The assumptions used to produce the mineral resource estimates and the preliminary economic assessment of the Hope Bay Project are detailed in the PEA, which is available on the Company's website. While the Company considers these assumptions to be reasonable, the assumptions are inherently subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual performance, achievements, actions, events, results or conditions to be materially different from those projected in the forward-looking information. Many assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct.
Furthermore, such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: general business, economic, competitive, political, regulatory and social uncertainties; disruptions or changes in the credit or securities markets and fluctuations in prices for the Company's securities; a material decline in the price of gold; adverse variations in mineral grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; damage to the Gekko plant in the course of transport or assembly; differences in size, grade, continuity, geometry or location of mineralization from that predicted by geological modeling; the speculative nature of mineral exploration and development, including the risk of diminishing quantities or grades of mineralization and the inherent riskiness of Inferred Resources; failure to renew existing licences and permits or obtain required licences and permits; changes in project parameters as development plans are refined; changes in labour costs or other costs of production; accidents, labour disputes and other risks of the mining industry, including but not limited to environmental risks and hazards, cave-ins, pitwall failures, flooding, rock bursts and other acts of God or natural disasters or unfavourable operating conditions and losses; political instability, hostilities, insurrection or acts of war or terrorism; adverse changes in government legislation and regulation; adverse fluctuations in commodity prices; failure to raise sufficient funding to meet development and exploration plans and budgets, satisfy contractual obligations and additional capital needs generally; changes or disruptions in financial markets and capital goods markets; increased infrastructure and/or operating costs; unanticipated reclamation costs; the Company's lack of operating history and no history of earnings; reliance on a finite number of properties; limits of insurance coverage and uninsurable risk; disputes over title to properties; environmental risks and hazards; limitations on the use of community water sources; failure to comply with laws and regulations or other regulatory requirements; the impact of competitive conditions in mineral exploration and mining business; the inability of the Company to retain its key management employees and shortages of skilled personnel and contractors; influence of third party stakeholders; risks of litigation; failures or deficiencies in the Company's system of internal controls; conflicts of interest; credit and/or liquidity risks; fluctuations in the value of Canadian and United States dollars relative to each other; and the risks involved in the exploration, development and mining business generally.
Although TMAC has attempted to identify important factors that could cause actual performance, achievements, actions, events, results or conditions to differ materially from those described in forward-looking information, there may be other factors that cause performance, achievements, actions, events, results or conditions to differ from those anticipated, estimated or intended.
TMAC cautions that the foregoing list of important factors and assumptions is not exhaustive. Other events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, this forward-looking information. Forward-looking information contained herein is made as of the date of this document and TMAC disclaims any obligation to update or revise any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by applicable law. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
| APPENDIX A |
| 2014 Diamond Drilling Results |
| Table 1: Doris Connector-Central Zone 2014 Drilling Results | |||||||||||
| AREA | BHID | Easting | Northing | Elevation | Dip | Azimuth | Inclusion | FROM | TO | LENGTH (m) |
Au g/t |
| Doris CC | TM00069 | 433658.7 | 7558727.9 | 22 | -54.3 | 88.0 | 112.94 | 117.00 | 4.06 | 3.58 | |
| Doris CC | TM00069 | Including | 115.00 | 116.40 | 1.40 | 6.32 | |||||
| Doris CC | TM00069 | 199.86 | 204.00 | 4.14 | 7.91 | ||||||
| Doris CC | TM00069 | Including | 202.10 | 204.00 | 1.90 | 11.87 | |||||
| Doris CC | TM00070 | 433678.7 | 7558339.4 | 22 | -63.7 | 88.0 | 132.03 | 133.74 | 1.71 | 21.64 | |
| Doris CC | TM00070 | 151.05 | 152.12 | 1.07 | 13.85 | ||||||
| Doris CC | TM00070 | 156.56 | 163.21 | 6.65 | 3.86 | ||||||
| Doris CC | TM00070 | Including | 161.00 | 162.15 | 1.15 | 10.70 | |||||
| Doris CC | TM00070 | 182.50 | 185.64 | 3.14 | 1.30 | ||||||
| Doris CC | TM00078 | 433658.7 | 7558727.9 | 22 | -71.4 | 82.0 | 148.50 | 152.71 | 4.21 | 3.38 | |
| Doris CC | TM00078 | Including | 150.34 | 152.71 | 2.37 | 4.73 | |||||
| Doris CC | TM00079 | 433689.1 | 7558301.3 | 22 | -63.5 | 87.0 | 86.33 | 90.88 | 4.55 | 4.98 | |
| Doris CC | TM00079 | 113.57 | 117.82 | 4.25 | 7.56 | ||||||
| Doris CC | TM00079 | Including | 115.66 | 117.82 | 2.16 | 13.03 | |||||
| Doris CC | TM00083 | 433689.1 | 7558301.3 | 22 | -72.4 | 87.0 | 96.14 | 98.88 | 2.74 | 2.36 | |
| Doris CC | TM00083 | 140.00 | 160.79 | 20.79 | 4.23 | ||||||
| Doris CC | TM00083 | Including | 141.10 | 145.60 | 4.50 | 9.94 | |||||
| Doris CC | TM00083 | 179.27 | 180.77 | 1.50 | 3.29 | ||||||
| Doris CC | TM00084 | 433626.4 | 7558787.3 | 22 | -65.9 | 80.0 | 48.52 | 49.50 | 0.98 | 4.24 | |
| Doris CC | TM00084 | 164.63 | 166.37 | 1.74 | 2.17 | ||||||
| Doris CC | TM00086 | 433673.0 | 7558233.0 | 22 | -72.2 | 87.0 | 126.81 | 127.38 | 0.57 | 4.66 | |
| Doris CC | TM00087 | 433652.3 | 7558667.0 | 22 | -67.7 | 80.0 | 152.46 | 154.77 | 2.31 | 6.54 | |
| Doris CC | TM00087 | 242.58 | 245.10 | 2.52 | 16.00 | ||||||
| Doris CC | TM00087 | 249.43 | 250.43 | 1.00 | 6.13 | ||||||
| Doris CC | TM00091 | 433691.6 | 7558138.1 | 22 | -66.4 | 87.0 | 116.00 | 117.50 | 1.50 | 4.66 | |
| Doris CC | TM00091 | 123.50 | 125.00 | 1.50 | 6.11 | ||||||
| Doris CC | TM00091 | 175.82 | 176.94 | 1.12 | 4.06 | ||||||
| Doris CC | TM00091 | 198.50 | 206.69 | 8.19 | 1.98 | ||||||
| Doris CC | TM00092 | 433673.2 | 7558955.1 | 22 | -68.3 | 80.0 | 61.36 | 62.65 | 1.29 | 2.29 | |
| Doris CC | TM00092 | 206.46 | 210.40 | 3.94 | 5.74 | ||||||
| Doris CC | TM00092 | 223.90 | 234.85 | 10.95 | 5.11 | ||||||
| Doris CC | TM00092 | Including | 223.90 | 225.40 | 1.50 | 15.14 | |||||
| Doris CC | TM00092 | and | 231.16 | 234.85 | 3.69 | 5.53 | |||||
| Doris CC | TM00095 | 433652.3 | 7558667.0 | 22 | -77.3 | 80.0 | 81.38 | 81.65 | 0.27 | 3.65 | |
| Doris CC | TM00095 | 169.00 | 171.14 | 2.14 | 2.15 | ||||||
| Doris CC | TM00095 | 172.64 | 174.10 | 1.46 | 7.20 | ||||||
| Doris CC | TM00096 | 433673.6 | 7558233.2 | 22 | -53.0 | 76.0 | 96.20 | 122.81 | 26.61 | 8.78 | |
| Doris CC | TM00096 | Including | 103.89 | 122.81 | 18.92 | 11.60 | |||||
| Doris CC | TM00096 | 128.30 | 129.80 | 1.50 | 66.20 | ||||||
| Doris CC | TM00097 | 433625.9 | 7558739.8 | 22 | -73.6 | 90.0 | 207.52 | 208.52 | 1.00 | 51.63 | |
| Doris CC | TM00100 | 433690.4 | 7558442.6 | 22 | -72.2 | 87.0 | 117.84 | 119.37 | 1.53 | 11.49 | |
| Doris CC | TM00100 | 172.70 | 174.40 | 1.70 | 13.40 | ||||||
| Doris CC | TM00100 | 180.13 | 185.28 | 5.15 | 7.39 | ||||||
| Doris CC | TM00102 | 433693.0 | 7558078.7 | 22 | -57.8 | 87.0 | 95.83 | 97.33 | 1.50 | 4.45 | |
| Doris CC | TM00102 | 118.70 | 120.85 | 2.15 | 7.97 | ||||||
| Doris CC | TM00103 | 433673.2 | 7558955.1 | 22 | -60.0 | 88.0 | No Significant Assays, abandoned due to deviation | ||||
| Doris CC | TM00103A | 433673.2 | 7558955.1 | 22 | -64.9 | 90.0 | 58.00 | 58.74 | 0.74 | 10.50 | |
| Doris CC | TM00104 | 433690.7 | 7558403.4 | 22 | -72.1 | 87.0 | 113.60 | 118.65 | 5.05 | 8.58 | |
| Doris CC | TM00104 | Including | 114.31 | 117.79 | 3.48 | 11.86 | |||||
| Doris CC | TM00104 | 166.58 | 167.84 | 1.26 | 24.80 | ||||||
| Doris CC | TM00104 | 171.72 | 172.80 | 1.08 | 8.99 | ||||||
| Doris CC | TM00107 | 433693.0 | 7558078.7 | 22 | -70.5 | 87.0 | 141.22 | 145.33 | 4.11 | 2.05 | |
| Doris CC | TM00107 | 180.93 | 183.10 | 2.17 | 10.39 | ||||||
| Doris CC | TM00107 | 194.00 | 196.65 | 2.65 | 54.40 | ||||||
| Doris CC | TM00108 | 433677.3 | 7558671.1 | 22 | -52.0 | 80.0 | 83.66 | 85.17 | 1.51 | 24.90 | |
| Doris CC | TM00110 | 433664.8 | 7558104.9 | 22 | -64.5 | 78.9 | 155.30 | 156.76 | 1.46 | 4.69 | |
| Doris CC | TM00110 | 225.97 | 226.62 | 0.65 | 4.90 | ||||||
| Doris CC | TM00111 | 433583.1 | 7558039.6 | 22 | -67.2 | 82.0 | 276.95 | 277.45 | 0.50 | 2.82 | |
| Doris CC | TM00112 | 433679.8 | 7558635.0 | 22 | -66.2 | 82.0 | 35.95 | 36.50 | 0.55 | 3.23 | |
| Doris CC | TM00112 | 99.00 | 100.14 | 1.14 | 13.36 | ||||||
| Doris CC | TM00112 | 188.66 | 191.35 | 2.69 | 10.49 | ||||||
| Doris CC | TM00114 | 433720.1 | 7558005.0 | 22 | -66.7 | 82.0 | 54.50 | 56.00 | 1.50 | 0.87 | |
| Doris CC | TM00114 | 196.08 | 196.46 | 0.38 | 0.63 | ||||||
| Doris CC | TM00116 | 433679.8 | 7558635.0 | 22 | -75.7 | 82.0 | 125.08 | 137.90 | 12.82 | 5.90 | |
| Doris CC | TM00116 | Including | 129.50 | 132.35 | 2.85 | 14.81 | |||||
| Doris CC | TM00116 | 274.83 | 283.67 | 8.84 | 11.17 | ||||||
| Doris CC | TM00116 | Including | 279.56 | 283.67 | 4.11 | 18.38 | |||||
| Doris CC | TM00117 | 433604.8 | 7558898.9 | 26 | -61.0 | 94.0 | 49.00 | 50.13 | 1.13 | 6.39 | |
| Doris CC | TM00117 | 149.00 | 152.00 | 3.00 | 6.48 | ||||||
| Doris CC | TM00122 | 433524.3 | 7558764.9 | 28 | -55.4 | 80.0 | 267.60 | 268.20 | 0.60 | 2.34 | |
| Doris CC | TM00123 | 433510.1 | 7558754.5 | 28 | -64.2 | 95.0 | No Significant Assays, Intersected diabase before target | ||||
| Doris CC | TM00127 | 433524.3 | 7558764.9 | 28 | -57.2 | 111.0 | 268.65 | 269.62 | 0.97 | 5.71 | |
| Table 2: Doris North Deep Zone 2014 Drilling Results | |||||||||||
| AREA | BHID | Easting | Northing | Elevation | Dip | Azimuth | Inclusion | FROM | TO | LENGTH (m) |
Au g/t |
| Doris North Deep | TM00132 | 434125.3 | 7560120.3 | 17 | -69.3 | 268.0 | 44.23 | 45.45 | 1.22 | 3.76 | |
| Doris North Deep | TM00132 | 415.24 | 416.53 | 1.29 | 32.05 | ||||||
| Doris North Deep | TM00132 | Including | 416.00 | 416.28 | 0.28 | 138.00 | |||||
| Doris North Deep | TM00137 | 433799.7 | 7560119.5 | 50 | -72.6 | 145.5 | 439.47 | 439.83 | 0.36 | 57.40 | |
| Doris North Deep | TM00137 | 615.50 | 616.00 | 0.50 | 5.40 | ||||||
| Doris North Deep | TM00144 | 433799.7 | 7560119.5 | 50 | -68.2 | 145.5 | 439.11 | 440.00 | 0.89 | 2.85 | |
| Doris North Deep | TM00149 | 433691.5 | 7560128.3 | 58 | -65.9 | 93.0 | No Significant Assays, abandoned due freezing | ||||
| Doris North Deep | TM00155 | 433691.5 | 7560128.3 | 58 | -70.1 | 93.0 | No Significant Assays | ||||
| Doris North Deep | TM00164 | 433692.0 | 7560188.0 | 55 | -66.3 | 93.0 | 265.76 | 266.39 | 0.63 | 5.60 | |
| Doris North Deep | TM00172 | 433730.0 | 7560219.0 | 51 | -66.5 | 97.0 | No Significant Assays, abandoned due freezing | ||||
| Doris North Deep | TM00174 | 433719.9 | 7560219.5 | 52 | -67.2 | 97.0 | 511.70 | 515.10 | 3.40 | 2.28 | |
| Doris North Deep | TM00174 | 577.54 | 579.00 | 1.46 | 6.83 | ||||||
| Doris North Deep | TM00187 | 433628.2 | 7559913.8 | 111 | -72.8 | 93.5 | 494.49 | 495.04 | 0.55 | 5.36 | |
| Doris North Deep | TM00193 | 433628.2 | 7559913.8 | 111 | -62.3 | 93.5 | No Significant Assays | ||||
| Table 3: Doris Connector-Central Deep Zone 2014 Drilling Results | |||||||||||
| AREA | BHID | Easting | Northing | Elevation | Dip | Azimuth | Inclusion | FROM | TO | LENGTH (m) |
Au g/t |
| Doris CC Deep | TM00118 | 433297.0 | 7558988.0 | 35 | -67.3 | 84.0 | 511.60 | 512.50 | 0.90 | 15.10 | |
| Doris CC Deep | TM00118 | 536.75 | 538.75 | 2.00 | 14.38 | ||||||
| Doris CC Deep | TM00118 | 645.50 | 647.80 | 2.30 | 7.58 | ||||||
| Doris CC Deep | TM00120A | 433378.5 | 7559227.0 | 57 | -63.5 | 121.0 | 506.52 | 506.82 | 0.30 | 1.53 | |
| Doris CC Deep | TM00125 | 574.00 | 585.47 | 11.47 | 12.27 | ||||||
| Doris CC Deep | TM00125 | Including | 581.56 | 585.47 | 3.91 | 25.51 | |||||
| Doris CC Deep | TM00125 | 433297.0 | 7558988.0 | 35 | -75.4 | 84.0 | 724.10 | 725.25 | 1.15 | 0.66 | |
| Doris CC Deep | TM00130 | 433391.4 | 7558927.7 | 33 | -69.1 | 85.5 | 468.50 | 471.26 | 2.76 | 3.59 | |
| Doris CC Deep | TM00130 | 598.55 | 598.82 | 0.27 | 201.00 | ||||||
| Doris CC Deep | TM00130 | 607.27 | 611.50 | 4.23 | 18.47 | ||||||
| Doris CC Deep | TM00130 | Including | 610.16 | 611.50 | 1.34 | 52.90 | |||||
| Doris CC Deep | TM00133 | 434133.8 | 7559252.2 | 23 | -55.4 | 269.0 | 628.33 | 630.96 | 2.63 | 2.08 | |
| Doris CC Deep | TM00133 | 853.10 | 854.87 | 1.77 | 17.79 | ||||||
| Doris CC Deep | TM00133 | 858.15 | 860.07 | 1.92 | 1.92 | ||||||
| Doris CC Deep | TM00138 | 433391.4 | 7558927.7 | 33 | -63.1 | 85.5 | 438.56 | 440.73 | 2.17 | 6.49 | |
| Doris CC Deep | TM00138 | 443.80 | 450.44 | 6.64 | 5.22 | ||||||
| Doris CC Deep | TM00142 | 433391.4 | 7558927.7 | 33 | -74.8 | 85.5 | 462.50 | 462.89 | 0.39 | 10.55 | |
| Doris CC Deep | TM00142 | 485.46 | 487.28 | 1.82 | 5.54 | ||||||
| Doris CC Deep | TM00143 | 434124.8 | 7559316.2 | 23 | -54.6 | 274.0 | 502.72 | 504.06 | 1.34 | 3.93 | |
| Doris CC Deep | TM00143 | 772.80 | 774.85 | 2.05 | 8.29 | ||||||
| Doris CC Deep | TM00143 | 785.57 | 786.06 | 0.49 | 3.57 | ||||||
| Doris CC Deep | TM00143 | 848.90 | 850.34 | 1.44 | 4.49 | ||||||
| Doris CC Deep | TM00147 | 433309.9 | 7559034.3 | 37 | -67.1 | 84.0 | 509.49 | 515.10 | 5.61 | 4.21 | |
| Doris CC Deep | TM00147 | Including | 512.74 | 515.10 | 2.36 | 8.43 | |||||
| Doris CC Deep | TM00147 | 582.87 | 583.56 | 0.69 | 17.45 | ||||||
| Doris CC Deep | TM00152 | 434154.5 | 7559290.6 | 23 | -56.0 | 293.0 | 820.07 | 820.90 | 0.83 | 1.88 | |
| Doris CC Deep | TM00158 | 433309.9 | 7559034.3 | 37 | -73.7 | 84.3 | No Significant Assays | ||||
| Doris CC Deep | TM00159 | 433395.4 | 7558895.5 | 32 | -77.4 | 110.0 | 512.68 | 513.31 | 0.63 | 16.85 | |
| Doris CC Deep | TM00160 | 433310.8 | 7559053.5 | 39 | -73.9 | 84.3 | No Significant Assays | ||||
| Doris CC Deep | TM00163 | 433296.7 | 7559057.8 | 39 | -74.1 | 84.3 | 563.40 | 564.60 | 1.20 | 4.14 | |
| Doris CC Deep | TM00167 | 433275.5 | 7559062.2 | 39 | -75.0 | 84.3 | No Significant Assays | ||||
| Doris CC Deep | TM00170 | 433245.0 | 7559065.0 | 38 | -76.5 | 84.5 | 624.95 | 627.90 | 2.95 | 10.28 | |
| Doris CC Deep | TM00177 | 433175.0 | 7559077.0 | 39 | -76.2 | 97.0 | 784.25 | 785.75 | 1.50 | 4.39 | |
| Doris CC Deep | TM00183 | 433300.3 | 7558923.0 | 33 | -76.0 | 78.0 | 358.06 | 358.63 | 0.57 | 2.72 | |
| Doris CC Deep | TM00183 | 564.50 | 566.43 | 1.93 | 1.96 | ||||||
| Doris CC Deep | TM00183 | 580.50 | 582.00 | 1.50 | 2.96 | ||||||
| Doris CC Deep | TM00183 | 707.30 | 714.00 | 6.70 | 12.08 | ||||||
| Doris CC Deep | TM00185 | 433300.3 | 7558923.0 | 33 | -80.6 | 78.0 | No Significant Assays | ||||
| Doris CC Deep | TM00195 | 433239.0 | 7559237.0 | 54 | -66.5 | 110.0 | 606.85 | 609.15 | 2.30 | 3.22 | |
| Doris CC Deep | TM00201 | 433227.5 | 7559241.2 | 54 | -70.7 | 110.0 | 478.41 | 478.92 | 0.51 | 14.50 | |
| Table 4: Madrid North Naartok Zone 2014 Drilling Results | |||||||||||
| AREA | BHID | Easting | Northing | Elevation | Dip | Azimuth | Inclusion | FROM | TO | LENGTH (m) |
Au g/t |
| Naartok | TM00109 | 433079.5 | 7551035.8 | 66 | -70.0 | 90.0 | No Significant Assays, abandoned due freezing | ||||
| Naartok | TM00113 | 433205.2 | 7550879.9 | 55 | -72.7 | 170.0 | No Significant Assays, abandoned due to deviation | ||||
| Naartok | TM00119 | 433079.5 | 7551035.8 | 66 | -74.1 | 90.0 | No Significant Assays | ||||
| Naartok | TM00124 | 433177.4 | 7550864.0 | 55 | -77.1 | 95.0 | 440.57 | 441.80 | 1.23 | 2.22 | |
| Naartok | TM00126 | 433192.6 | 7550652.9 | 45 | -69.1 | 180.0 | 323.94 | 325.23 | 1.29 | 11.30 | |
| Naartok | TM00126 | 335.36 | 336.26 | 0.90 | 24.20 | ||||||
| Naartok | TM00126 | 399.36 | 399.66 | 0.30 | 60.90 | ||||||
| Naartok | TM00131 | 433192.6 | 7550652.9 | 45 | -66.3 | 180.0 | 257.00 | 259.21 | 2.21 | 75.20 | |
| Naartok | TM00131 | 293.76 | 295.49 | 1.73 | 5.55 | ||||||
| Naartok | TM00131 | 380.00 | 380.42 | 0.42 | 85.10 | ||||||
| Naartok | TM00135 | 433109.4 | 7550949.1 | 62 | -70.6 | 90.0 | 457.76 | 460.19 | 2.43 | 3.34 | |
| Naartok | TM00135 | 519.56 | 524.24 | 4.68 | 9.55 | ||||||
| Naartok | TM00140a | 433109.4 | 7550949.1 | 62 | -67.7 | 90.0 | 482.10 | 483.15 | 1.05 | 4.31 | |
| Naartok | TM00140a | 487.61 | 488.56 | 0.95 | 4.67 | ||||||
| Naartok | TM00148 | 433115.4 | 7550890.3 | 61 | -69.5 | 90.0 | 440.00 | 465.10 | 25.10 | 8.34 | |
| Naartok | TM00148 | Including | 440.00 | 449.00 | 9.00 | 10.40 | |||||
| Naartok | TM00148 | And | 452.00 | 458.60 | 6.60 | 12.21 | |||||
| Naartok | TM00156 | 433115.4 | 7550890.3 | 61 | -72.1 | 90.0 | 513.03 | 540.03 | 27.00 | 6.12 | |
| Naartok | TM00156 | Including | 515.84 | 525.65 | 9.81 | 10.69 | |||||
| Naartok | TM00157 | 433250.6 | 7551250.2 | 66 | -64.9 | 90.0 | 333.87 | 349.13 | 15.26 | 1.90 | |
| Naartok | TM00161 | 433114.7 | 7550909.8 | 61 | -67.8 | 90.0 | 464.00 | 502.98 | 38.98 | 5.24 | |
| Naartok | TM00161 | Including | 484.25 | 501.50 | 17.25 | 7.93 | |||||
| Naartok | TM00168 | 433114.7 | 7550909.8 | 61 | -72.6 | 90.0 | 457.65 | 517.84 | 60.19 | 5.78 | |
| Naartok | TM00168 | Including | 482.40 | 517.30 | 34.90 | 8.12 | |||||
| Naartok | TM00169 | 433077.0 | 7551049.3 | 65 | -71.7 | 90.0 | 588.13 | 590.69 | 2.56 | 1.33 | |
| Naartok | TM00171 | 433249.0 | 7551285.0 | 62 | -74.6 | 90.0 | 395.30 | 403.30 | 8.00 | 1.06 | |
| Naartok | TM00173 | 433098.0 | 7550987.0 | 64 | -72.0 | 81.0 | No Significant Assays | ||||
| Naartok | TM00175 | 433074.2 | 7550983.3 | 64 | -69.6 | 81.0 | 516.52 | 569.40 | 52.88 | 7.39 | |
| Naartok | TM00175 | Including | 516.52 | 521.10 | 4.58 | 24.06 | |||||
| Naartok | TM00175 | 577.50 | 580.32 | 2.82 | 8.40 | ||||||
| Naartok | TM00175 | 596.11 | 599.15 | 3.04 | 11.80 | ||||||
| Naartok | TM00176 | 433249.0 | 7551285.0 | 62 | -63.3 | 90.0 | 381.50 | 387.85 | 6.35 | 2.66 | |
| Naartok | TM00178A | 433154.0 | 7550617.0 | 48 | -68.6 | 186.0 | 252.43 | 275.40 | 22.97 | 2.35 | |
| Naartok | TM00178A | Including | 273.90 | 275.40 | 1.50 | 14.65 | |||||
| Naartok | TM00179 | 433077.0 | 7551049.0 | 65 | -64.9 | 90.0 | 496.44 | 514.75 | 18.31 | 4.38 | |
| Naartok | TM00179 | Including | 496.84 | 502.15 | 5.31 | 6.38 | |||||
| Naartok | TM00179 | And | 506.27 | 511.48 | 5.21 | 6.03 | |||||
| Naartok | TM00180 | 433237.2 | 7551311.2 | 63 | -72.5 | 90.0 | 389.00 | 399.11 | 10.11 | 0.78 | |
| Naartok | TM00181 | 433078.4 | 7551099.5 | 66 | -65.3 | 95.5 | 459.21 | 460.68 | 1.47 | 8.05 | |
| Naartok | TM00181 | 475.14 | 493.12 | 17.98 | 14.63 | ||||||
| Naartok | TM00181 | Including | 481.63 | 485.12 | 3.49 | 56.19 | |||||
| Naartok | TM00181 | 560.82 | 562.00 | 1.18 | 40.80 | ||||||
| Naartok | TM00182 | 105.60 | 106.40 | 0.80 | 17.30 | ||||||
| Naartok | TM00182 | 432987.0 | 7550604.9 | 60 | -68.6 | 185.0 | 268.20 | 271.80 | 3.60 | 13.40 | |
| Naartok | TM00184 | 433074.2 | 7550983.3 | 64 | -60.7 | 81.0 | 455.00 | 476.00 | 21.00 | 3.83 | |
| Naartok | TM00184 | Including | 468.72 | 474.50 | 5.78 | 9.79 | |||||
| Naartok | TM00184 | 518.00 | 542.00 | 24.00 | 2.89 | ||||||
| Naartok | TM00184 | Including | 521.00 | 524.00 | 3.00 | 6.24 | |||||
| Naartok | TM00186 | 433190.3 | 7551384.0 | 61 | -62.4 | 95.0 | 401.50 | 412.40 | 10.90 | 0.59 | |
| Naartok | TM00188 | 433129.7 | 7550746.0 | 52 | -63.5 | 90.0 | 425.45 | 426.45 | 1.00 | 40.30 | |
| Naartok | TM00189 | 433190.3 | 7551384.0 | 61 | -72.9 | 95.0 | 454.16 | 461.00 | 6.84 | 2.93 | |
| Naartok | TM00190 | 433058.0 | 7551101.0 | 67 | -69.0 | 95.5 | 605.00 | 609.44 | 4.44 | 1.48 | |
| Naartok | TM00191 | 433128.0 | 7550815.0 | 53 | -71.4 | 89.0 | 468.00 | 471.90 | 3.90 | 2.91 | |
| Naartok | TM00192 | 433129.7 | 7550746.0 | 52 | -69.0 | 90.0 | 459.35 | 473.60 | 14.25 | 8.66 | |
| Naartok | TM00194 | 433250.0 | 7551311.0 | 63 | -64.8 | 90.0 | 346.79 | 360.25 | 13.46 | 5.88 | |
| Naartok | TM00194 | Including | 346.79 | 348.84 | 2.05 | 8.54 | |||||
| Naartok | TM00194 | And | 358.72 | 360.25 | 1.53 | 21.29 | |||||
| Naartok | TM00196 | 433071.0 | 7550976.0 | 65 | -72.3 | 90.0 | No Significant Assays | ||||
| Naartok | TM00197A | 433135.3 | 7550781.6 | 53 | -65.1 | 90.0 | 406.19 | 410.65 | 4.46 | 5.23 | |
| Naartok | TM00197A | 438.39 | 468.50 | 30.11 | 7.81 | ||||||
| Naartok | TM00197A | Including | 449.32 | 465.55 | 16.23 | 12.08 | |||||
| Naartok | TM00198 | 433155.5 | 7550937.5 | 59 | -72.0 | 90.0 | 431.00 | 464.00 | 33.00 | 2.87 | |
| Naartok | TM00198 | Including | 435.34 | 445.02 | 9.68 | 4.94 | |||||
| Naartok | TM00198 | Including | 435.34 | 440.00 | 4.66 | 6.20 | |||||
| Naartok | TM00199 | 433029.3 | 7550921.0 | 70 | -69.2 | 90.0 | 633.50 | 639.50 | 6.00 | 4.51 | |
| Naartok | TM00199 | 654.72 | 655.48 | 0.76 | 38.00 | ||||||
| Naartok | TM00200 | 433078.0 | 7551080.0 | 66 | -72.4 | 90.0 | 604.76 | 608.23 | 3.47 | 2.47 | |
| Naartok | TM00202 | 433136.6 | 7551012.0 | 63 | -71.0 | 90.0 | No Significant Assays, abandoned due freezing | ||||
| Naartok | TM00203 | 433147.6 | 7550965.0 | 61 | -65.5 | 90.0 | 546.00 | 547.50 | 1.50 | 21.00 | |
| Naartok | TM00204 | 433184.9 | 7550866.0 | 55 | -71.9 | 90.0 | 382.80 | 420.50 | 37.70 | 8.09 | |
| Naartok | TM00204 | Including | 410.00 | 420.50 | 10.50 | 16.89 | |||||
| Naartok | TM00205 | 433127.5 | 7551069.0 | 64 | -67.7 | 90.0 | 481.78 | 498.28 | 16.50 | 5.92 | |
| Naartok | TM00205 | Including | 490.78 | 496.78 | 6.00 | 10.09 | |||||
| Naartok | TM00206 | 433164.0 | 7550908.0 | 58 | -66.9 | 90.0 | 426.65 | 472.10 | 45.45 | 7.44 | |
| Naartok | TM00206 | Including | 442.75 | 464.80 | 22.05 | 10.58 | |||||
| Naartok | TM00207 | 433135.4 | 7551023.1 | 63 | -74.4 | 95.0 | 430.19 | 431.00 | 0.81 | 20.40 | |
| Naartok | TM00207 | 476.00 | 479.00 | 3.00 | 9.83 | ||||||
| Naartok | TM00208 | 433118.8 | 7551117.7 | 66 | -72.5 | 90.0 | 524.00 | 537.00 | 13.00 | 5.45 | |
| Naartok | TM00208 | Including | 525.00 | 526.00 | 1.00 | 31.10 | |||||
| Naartok | TM00208 | 587.00 | 590.00 | 3.00 | 7.10 | ||||||
| Naartok | TM00209 | 433184.9 | 7550866.0 | 55 | -66.5 | 90.0 | 411.50 | 422.97 | 11.47 | 3.03 | |
| Table 5: Madrid South Patch14 Zone 2014 Drilling Results | |||||||||||
| AREA | BHID | Easting | Northing | Elevation | Dip | Azimuth | Inclusion | FROM | TO | LENGTH (m) |
Au g/t |
| Patch 14 | TM00064 | 435371.1 | 7546467.1 | 26 | -59.9 | 90.0 | 44.61 | 46.00 | 1.39 | 6.21 | |
| Patch 14 | TM00064 | 80.63 | 81.32 | 0.69 | 11.35 | ||||||
| Patch 14 | TM00067 | 435221.3 | 7546862.8 | 26 | -57.6 | 90.0 | 72.60 | 74.05 | 1.45 | 1.92 | |
| Patch 14 | TM00068 | 435345.1 | 7546467.3 | 26 | -62.5 | 90.0 | 86.87 | 87.96 | 1.09 | 1.34 | |
| Patch 14 | TM00071 | 435345.1 | 7546467.3 | 26 | -76.5 | 90.0 | 105.85 | 107.34 | 1.49 | 4.41 | |
| Patch 14 | TM00071 | 130.70 | 143.55 | 12.85 | 2.49 | ||||||
| Patch 14 | TM00071 | Including | 142.16 | 143.55 | 1.39 | 11.50 | |||||
| Patch 14 | TM00073 | 435221.3 | 7546862.8 | 26 | -65.9 | 88.0 | 186.08 | 187.23 | 1.15 | 2.35 | |
| Patch 14 | TM00076 | 435350.4 | 7546396.8 | 26 | -61.7 | 90.0 | 104.81 | 109.48 | 4.67 | 3.17 | |
| Patch 14 | TM00076 | Including | 104.81 | 106.00 | 1.19 | 8.12 | |||||
| Patch 14 | TM00081 | 435269.5 | 7546776.5 | 26 | -65.5 | 79.3 | 257.00 | 263.68 | 6.68 | 1.60 | |
| Patch 14 | TM00081 | Including | 258.10 | 260.90 | 2.80 | 2.44 | |||||
| Patch 14 | TM00082 | 435350.4 | 7546396.8 | 26 | -69.8 | 90.0 | 127.86 | 130.46 | 2.60 | 1.86 | |
| Patch 14 | TM00115 | 435131.1 | 7546670.1 | 47 | -68.7 | 90.0 | 408.51 | 415.96 | 7.45 | 18.89 | |
| Patch 14 | TM00115 | Including | 409.35 | 410.27 | 0.92 | 122.00 | |||||
| Patch 14 | TM00115 | 426.55 | 427.90 | 1.35 | 43.60 | ||||||
| Patch 14 | TM00121 | 435146.2 | 7546750.2 | 40 | -79.8 | 90.0 | No Significant Assays | ||||
| Patch 14 | TM00128 | 435096.3 | 7546638.8 | 50 | -69.8 | 90.0 | 454.32 | 455.00 | 0.68 | 22.70 | |
| Patch 14 | TM00129 | 435146.2 | 7546750.2 | 40 | -73.8 | 90.0 | 379.70 | 381.70 | 2.00 | 0.37 | |
| Patch 14 | TM00129 | 494.19 | 494.74 | 0.55 | 0.49 | ||||||
| Patch 14 | TM00134 | 435146.2 | 7546750.2 | 40 | -69.1 | 90.0 | 380.73 | 382.23 | 1.50 | 1.35 | |
| Patch 14 | TM00136 | 435096.3 | 7546638.8 | 50 | -75.1 | 90.0 | 521.30 | 523.10 | 1.80 | 4.18 | |
| Patch 14 | TM00136 | 529.43 | 530.93 | 1.50 | 1.64 | ||||||
| Patch 14 | TM00136 | 534.73 | 535.60 | 0.87 | 1.60 | ||||||
| Patch 14 | TM00139 | 435088.2 | 7546744.5 | 44 | -73.0 | 91.5 | 464.63 | 465.15 | 0.52 | 10.90 | |
| Patch 14 | TM00141 | 435140.8 | 7546689.9 | 45 | -70.0 | 89.0 | 375.80 | 376.10 | 1.75 | 11.55 | |
| Patch 14 | TM00141 | 384.05 | 387.86 | 3.81 | 2.55 | ||||||
| Patch 14 | TM00145 | 435077.3 | 7546671.1 | 49 | -73.4 | 91.5 | 554.85 | 555.84 | 0.99 | 20.64 | |
| Patch 14 | TM00145 | 570.14 | 572.35 | 2.21 | 7.21 | ||||||
| Patch 14 | TM00146 | 435129.3 | 7546600.5 | 49 | -67.3 | 91.5 | 412.00 | 412.55 | 0.55 | 3.42 | |
| Patch 14 | TM00150 | 435077.3 | 7546671.1 | 49 | -64.9 | 91.5 | 416.57 | 418.69 | 2.12 | 7.83 | |
| Patch 14 | TM00150 | 424.48 | 431.52 | 7.04 | 4.50 | ||||||
| Patch 14 | TM00151 | 435129.3 | 7546600.5 | 49 | -73.8 | 91.5 | No Significant Assays | ||||
| Patch 14 | TM00153 | 435010.0 | 7546725.0 | 48 | -73.9 | 95.0 | 684.75 | 685.45 | 0.70 | 17.00 | |
| Patch 14 | TM00154 | 435110.0 | 7546590.0 | 50 | -74.5 | 93.0 | 507.87 | 509.46 | 1.59 | 2.94 | |
| Patch 14 | TM00162 | 435010.0 | 7546725.0 | 48 | -68.9 | 95.0 | 522.33 | 523.80 | 1.47 | 0.72 | |
| Table 6: Madrid South Wolverine Zone 2014 Drilling Results | |||||||||||
| AREA | BHID | Easting | Northing | Elevation | Dip | Azimuth | Inclusion | FROM | TO | LENGTH (m) |
Au g/t |
| Wolverine | TM00065 | 434710.4 | 7546512.0 | 32 | -60.1 | 88.0 | 373.77 | 374.78 | 1.01 | 3.52 | |
| Wolverine | TM00066 | 434776.4 | 7546377.9 | 32 | -61.4 | 88.0 | 312.20 | 314.14 | 1.94 | 2.99 | |
| Wolverine | TM00072 | 434776.4 | 7546377.9 | 32 | -65.7 | 88.0 | 329.00 | 330.48 | 1.48 | 6.97 | |
| Wolverine | TM00074 | 434710.4 | 7546512.0 | 32 | -64.9 | 88.0 | No Significant Assays | ||||
| Wolverine | TM00075 | 434710.4 | 7546512.0 | 32 | -69.0 | 88.0 | No Significant Assays, abandoned due to deviation | ||||
| Wolverine | TM00077 | 434710.4 | 7546512.0 | 32 | -75.1 | 88.0 | 562.84 | 565.16 | 2.32 | 3.16 | |
| Wolverine | TM00080 | 434776.4 | 7546377.9 | 32 | -70.0 | 88.0 | 369.44 | 373.57 | 4.13 | 2.12 | |
| Wolverine | TM00080 | Including | 372.20 | 372.84 | 0.64 | 5.13 | |||||
| Wolverine | TM00085 | 434909.6 | 7546290.7 | 32 | -57.7 | 90.0 | 137.00 | 138.49 | 1.49 | 16.61 | |
| Wolverine | TM00088 | 434776.4 | 7546377.9 | 32 | -75.1 | 90.0 | No Significant Assays | ||||
| Wolverine | TM00089 | 434806.4 | 7546269.8 | 32 | -60.4 | 90.0 | 261.40 | 262.40 | 1.00 | 4.58 | |
| Wolverine | TM00090 | 434909.6 | 7546290.7 | 32 | -69.7 | 90.0 | 165.00 | 165.80 | 0.80 | 13.00 | |
| Wolverine | TM00090 | 169.15 | 173.80 | 4.65 | 12.87 | ||||||
| Wolverine | TM00090 | Including | 171.15 | 173.80 | 2.65 | 20.82 | |||||
| Wolverine | TM00093 | 434941.4 | 7546226.0 | 32 | -63.2 | 90.0 | 90.04 | 90.39 | 0.35 | 15.55 | |
| Wolverine | TM00094 | 434776.4 | 7546377.9 | 32 | -72.1 | 88.0 | No Significant Assays, abandoned due to deviation | ||||
| Wolverine | TM00098 | 434710.0 | 7546330.0 | 32 | -69.5 | 90.0 | |||||
| Wolverine | TM00099 | 434806.4 | 7546269.8 | 32 | -71.5 | 90.0 | 328.47 | 328.92 | 0.45 | 1.53 | |
| Wolverine | TM00099 | 329.84 | 330.57 | 0.73 | 1.55 | ||||||
| Wolverine | TM00101 | 434941.4 | 7546226.0 | 32 | -71.8 | 90.0 | No Significant Assays | ||||
| Wolverine | TM00105 | 434799.9 | 7546410.5 | 32 | -60.8 | 90.0 | 260.56 | 261.30 | 0.74 | 0.37 | |
| Wolverine | TM00106 | 434806.4 | 7546269.8 | 32 | -76.5 | 87.0 | No Significant Assays | ||||
Contact Information:
Terry MacGibbon
416-520-3516
TMAC Resources Inc.
Catharine Farrow
416-628-0216