Comaplex Minerals Corp.
TSX : CMF

Comaplex Minerals Corp.

February 05, 2009 23:59 ET

Bulk Sample Confirms Gold Grade and Continuity of Mineralization of the Tiriganiaq Deposit, Meliadine West Gold Property

CALGARY, ALBERTA--(Marketwire - Feb. 5, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Comaplex Minerals Corp. (TSX:CMF) is pleased to report that a summary technical report outlining the results of the recently completed underground bulk sample program on the Tiriganiaq gold deposit is now available on SEDAR. The report provides details on all aspects of the bulk sample program, including underground mapping and sampling descriptions, assay protocols and procedures, a rigorous QA/QC program, and a complete analysis of the results.

The underground exploration program on the Meliadine West property was initiated in September, 2007 and completed in August, 2008. A total of 25,500 tonnes of mineralized material was mined primarily from the 1100 and 1000 lodes, which comprise approximately 75% of the indicated gold resource in the Tiriganiaq Deposit. A portion of the 1100 lode mineralization may be mined by lower cost open pit methods.

Previously released bulk sample results for these two lodes were released by Comaplex on August 25, 2008 (press release 08-13) and November 10, 2008 (press release 08-15) which stated that the average diluted gold grade of the 1100 lode was 6.8 g/t gold and the 1000 lode was 13.2 g/t gold. Due to the use of non-specific mining equipment for the bulk sample, dilution was higher than would be expected in a production scenario. Dilution on these lodes was subsequently determined to be 33% for the 1100 lode and 60% for the 1000 lode resulting in average undiluted grades of 9.1 g/t and 21.1 g/t gold, respectively.

While the underground exploration and bulk sample program only explored a small part of the Tiriganiaq deposit, the geological setting of the areas exposed underground are considered to be representative of what is likely to be exposed in future work on the 1000 and 1100 lodes. Physical continuity of these two main mineralized lodes was excellent both along strike in the underground drifts and, where tested, up dip in the raises. In areas with a sufficient amount of drilling, the bulk sample results were in agreement with the resource estimates for the two main lodes. Important insights were gained into the spacing of drill holes for feasibility-level resource estimation and for future grade control sampling protocols. No obvious adverse mining or geotechnical issues were noted in the program.



The summary results for all of the samples processed during the program are
contained in the following table.

Summary of Underground Development and Bulk Sample Program
-------------------------------------------------------------------------
Esti-
Number Diluted mated Undiluted
of Gold Total Gold
Length Tonnage Bulk Grade Error Grade
(metres) Sampled Samples (g/t) (g/t) (g/t)
-------------------------------------------------------------------------
Not
Main Ramp 974 Sampled
-------------------------------------------------------------------------
10,000 Level 1100 Lode
(-75 m) Drift 164 9,433 111 6.8 +/-0.2 9.1
-------------------------------------------------------------------------
1000 Lode
Drift 34 1,006 20 1.8 +/-0.2
-------------------------------------------------------------------------
Cross Cuts 96 2,974 40 1.9 +/-0.1
-------------------------------------------------------------------------
Raises 59 773 11 8.0 +/-0.6
-------------------------------------------------------------------------
9950 Level Access
(-125 m) Cross Cut 77 3,843 16 0.7 +/-0.1
-------------------------------------------------------------------------
1000 Lode
Drift 204 6,943 109 13.2 +/-0.3 21.1
-------------------------------------------------------------------------
940 Raise 20 152 2 16.7 +/-2.5
-------------------------------------------------------------------------
Raise By-Pass
& Sump Access 14 397 2 1.5 +/-0.2
-------------------------------------------------------------------------
Totals 1,642 25,522 311
-------------------------------------------------------------------------


It should be noted that the above table includes material from areas considered to be un-economic. Details on all aspects of the program are available in the technical report.

The Meliadine West gold property is located near Rankin Inlet, Nunavut. The bulk sample was excavated from the Tiriganiaq Deposit which is located on the Meliadine West property (owned 78% by Comaplex and 22% by Meliadine Resources Ltd. (a private company owned 100% by Resource Capital Fund III L.P. of Denver)). Comaplex has the option to increase its interest to 80% on the Meliadine West property.

The technical report is authored by Henrik Thalenhorst (P. Geo.) of Strathcona Mineral Services Ltd., Doug Dumka (P. Geo.) and Mark Balog, (P.Geol.) of Comaplex Minerals Corp. and all three are Qualified Persons as defined by NI 43-101. Dr. Thalenhorst is independent of Comaplex. Doug Dumka, P.Geo. is the Chief Geologist for Comaplex and is the designated Qualified Person as defined by NI 43-101 for the Meliadine West Project.

Strathcona Mineral Services Limited assisted Comaplex in the setup, implementation, review, and reporting of the underground bulk sampling program, including this press release. The bulk sampling process produced two parallel samples of approximately 25 kilograms for each drift round. SGS Lakefield used a screened metallics assay protocol on 2000-gram sub-samples, screening at 150 mesh (106 microns). The two parallel field samples from each drift round were assayed separately. The precision of the entire field sampling and assaying processes was monitored by the periodic re-sampling of the rejects of entire drift rounds through the sampling plant. Variances between the two sub-samples of each round and between the round repeats are within the range of the predicted sample error, with no bias. SGS Lakefield conducted lab-internal quality assurance/quality control (QA/QC) with the insertion of certified reference standards and blanks.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Forward Looking Statements - This news release contains "forward-looking statements", including, but not limited to, statements regarding our expectations as to the mineral resource estimates. Forward-looking statements express, as at the date of this report, our plans, estimates, forecasts, projections, expectations or beliefs as to future events or results. We caution that forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Factors that could cause results or events to differ materially form current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with fluctuations in the market price of precious metals, mining industry risks and hazards, environmental risks and hazards, uncertainty as to calculation of mineral resources, requirement of additional financing, and other risks.

Contact Information

  • Comaplex Minerals Corp.
    George F. Fink
    President and CEO
    (403) 265-2846

    Comaplex Minerals Corp.
    Mark J. Balog
    Chief Operating Officer
    (403) 265-2846

    Comaplex Minerals Corp.
    Kirsten Kulyk, Manager - Investor Relations
    (403) 265-2846
    www. comaplex.com or www.sedar.com