Comaplex Minerals Corp.
TSX : CMF

Comaplex Minerals Corp.

September 23, 2009 23:59 ET

Comaplex Provides an Update on the Meliadine Exploration Programs

CALGARY, ALBERTA--(Marketwire - Sept. 23, 2009) -

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

Comaplex Minerals Corp. (TSX:CMF) is pleased to provide its fourth update on the 2009 exploration program on the Meliadine West gold property near Rankin Inlet, Nunavut Territory, Canada. The property is owned 78% by Comaplex and 22% by Meliadine Resources Ltd. (a private company owned 100% by Resource Capital Fund III L.P. of Denver), with Comaplex having an option to increase to 80%.

2009 Drill Program
------------------

Diamond drilling on the Meliadine West property was completed on September 19 and the camp is expected to close for the season in early October. A total of 23,600 meters in 110 holes were drilled in 2009. With an original drill budget of 20,000 meters, the extra 3600 meters were used for infill testing of targets in the F Zone and Tiriganiaq gold deposits and for geotechnical work. By zone: 34 holes (2712m) in F Zone, 35 holes (16,732m) in Tiriganiaq, 16 holes (3013m) in recon, and 25 holes (1143m) in geotech. Drill results for the 2009 program were released on June 15, 2009 (release 09-09), on July 13, 2009 (release 09-10), and on August 19, 2009 (release 09-12). The results from an additional 16 holes are highlighted in this release. These include 6 holes (3229 meters) completed in the Western Deeps (Tiriganiaq Deposit), 3 holes (254 meters) in the open pit portion of the Tiriganiaq deposit, and 7 recon holes (1466 meters) completed in the Musket Bay area west of the other deposits. Detailed drill results from all of the recent drill holes are attached to this release. Highlights from holes in the Tiriganiaq deposit include:

12.2 gmt gold over 13.2 meters in hole M09-830

15.2 gmt gold over 8.8 meters in hole M09-834
and: 12.9 gmt gold over 14.4 meters

16.1 gmt gold over 4.5 meters in hole M09-836
and: 10.1 gmt gold over 4.9m
and: 8.1 gmt gold over 7.8m

12.9 gmt gold over 7.7 meters in hole M09-838
and: 27.6 gmt gold over 9.3 meters
and: 15.6 gmt gold over 2.5 meters

28.5 gmt gold over 2.6 meters in hole M09-805

Drilling in the Western Deeps portion of the Tiriganiaq gold deposit targeted and delineated gold mineralization in a number of different lodes. Infill of the 1255 lode continued; however, focused drilling of the 1153 lode in the deeper parts of the deposit outlined a continuous zone of gold enrichment over 800 meters in length (see attached Figure 1: http://files.newswire.ca/437/Comaplex_Figure_1.pdf). Gold tenor of the 1153 lode is comparable to the 1255 lode, with both lodes open down plunge to the west. Multiple intersections continue to be the norm in the Western Deeps with all six holes in this release returning at least three mineralized surfaces, often of very high grade and substantial widths. As noted in Comaplex release 09-10 (Jul 13, 2009), a new zone of gold mineralization was intersected in four of the five holes in the Western Deeps holes in this release (holes 805, 830, 836, and 838). This is interpreted to be 1050 lode gold mineralization which was present in the upper levels of the deposit, but is making another appearance at depth (typical of large shear hosted mesothermal gold systems). Three drill holes (843, 846, and 848) were completed in the upper (open pit) portion of the Tiriganiaq deposit to tighten spacing in the 1100 lode resource. Assay results were as expected with multiple intersections encountered in the holes. Reconnaissance drill testing of the Musket Bay area ~10 kilometers west of the Tiriganiaq deposit returned only low grade values in two of the seven holes detailed here (see attached Figure 2: http://files.newswire.ca/437/Comaplex_Figure_2.pdf). A total of 3013 meters in 15 holes were completed this season in the Musket Bay area. The source of the high grade gold boulder fields has not been located and interpretation of this year's results will take place this winter, in preparation for additional future work.

Interim Studies
---------------

Geotechnical, geochemical, and environmental field work has concluded on all three of the gold deposits (Tiriganiaq, F Zone, and Discovery) on the property. Geotechnical drilling was completed within each of the pits, in and around the proposed waste and ore piles, and in the proposed tailings and mill site areas. Environmental studies (fish, water, wildlife, etc.) were completed and geochemical work on waste, overburden, and ore (including kinetic testing) is ongoing. Reporting is expected over the next few months. Additional metallurgical study will commence this fall. This pre-feasibility level information will be used in both the Feasibility Study and in the regulatory/ permitting documentation.

Meliadine East Exploration
--------------------------

Exploration on the Meliadine East property in 2009 was concluded in mid August. Operator and partner Meliadine Resources Ltd. (Resource Capital Fund) indicates drill results will be forthcoming at the end of September 2009. Comaplex's goal in 2009 is to advance the Meliadine property to a level that will support initiation of a Feasibility Study as soon as possible. Additional assay results from the last of the drill holes will be released when received and verified. Doug Dumka, P.Geo. is the Exploration Manager for Comaplex Minerals and is the Senior Project Geologist and designated Qualified Person (Q.P.) for the Meliadine West Project. Mr. Dumka is supervising drill hole planning, implementation and quality control/quality assurance programs at the Meliadine West project for 2009. Drill core analysis is performed on cut, half NQ core with standard fire assay procedures and a gravimetric finish (2 assay ton, 1000 gram pulp). QA/QC programs employ the insertion of external standards (low to high grade Au), blanks, and core duplicates every 20 samples. All assaying was completed by TSL Laboratories Ltd. based in Saskatoon, Saskatchewan. TSL completes its own internal QA/QC by inserting a standard, blank, pulp duplicate, and coarse reject duplicate in every batch of 20 analyses. QA/QC compliance was rigorously checked on a continuous basis during the exploration program. Meterage provided is measured down hole and intersection widths are interpreted to be approximately 75% of true width.

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



Meliadine West Property - Comaplex Press Release 09-14
------------------------------------------------------

September 23, 2009
Cut to
60 gmt Au
weigh. aver. weigh. aver.
hole No. area lode meterage (gmt Au/m) (gmt Au/m)
-------- ---- ---- -------- ---------- ----------
M09-805 Tiriganiaq 1255 489.93 - 492.0 5.4 / 2.1m
- West Deeps 1050 556.4 - 559.0 28.5 / 2.6m 16.3 / 2.6m
1000 584.0 - 585.35 10.0 / 1.3m
incl.
584.0 - 584.75 17.1 / 0.7m
950 595.3 - 598.42 5.7 / 3.1m
950 601.45 - 602.2 12.7 / 0.7m

M09-828W3 Tiriganiaq 1252 466.95 - 468.0 5.9 / 1.0m
- West Deeps 1251 474.0 - 474.6 14.9 / 0.6m
1000 544.5 - 546.5 8.7 / 2.0m

M09-830 Tiriganiaq 1255 533.6 - 534.15 41.6 / 0.5m
- West Deeps 1050 583.35 - 596.5 12.2 / 13.2m 11.3 / 12.2m
1015 611.2 - 613.5 5.2 / 2.3m

M09-832 Musket Bay NSV
recon

M09-833 Musket Bay NSV
recon

M09-834 Tiriganiaq 1154 312.9 - 321.7 15.5 / 8.8m
- West Deeps 1153 336.27 - 350.25 12.9 / 14.0m 9.7 / 14.0m
incl.
336.27 - 345.06 18.0 / 8.8m 13.0 / 8.8m
and
348.2 - 350.25 10.5 / 2.0m
1153 353.45 - 353.95 12.0 / 0.5m
1153 355.7 - 356.28 19.7 / 0.6m
1152 358.95 - 359.7 17.1 / 0.7m
1050 394.0 - 395.0 17.6 / 1.0m

M09-835 Musket Bay 120.12 - 121.57 4.5 / 1.5m
recon 164.13 - 164.73 2.7 / 0.6m

M09-836 Tiriganiaq 1153 641.5 - 646.0 16.1 / 4.5m
- West Deeps 1050 651.95 - 656.85 10.1 / 4.9m
1015 663.25 - 671.05 8.1 / 7.8m

M09-837 Musket Bay NSV
recon

M09-838 Tiriganiaq 1154 336.65 - 344.3 12.9 / 7.7m
- West Deeps 1153 349.1 - 358.35 27.6 / 9.3m 24.0 / 9.3m
1153 363.4 - 364.6 7.8 / 1.2m
1152 370.8 - 373.0 5.5 / 2.2m
1152 376.25 - 378.75 15.6 / 2.5m
1050 420.5 - 421.0 17.5 / 0.5m
1015 429.0 - 434.3 5.6 / 5.3m

M09-839 Musket Bay NSV
recon

M09-840 Musket Bay 142.49 - 143.0 6.6 / 0.5m
recon

M09-842 Musket Bay NSV
recon

M09-843 Tiriganiaq 1100 32.76 - 34.85 7.1 / 2.1m
- Pit Infill incl.
34.11 - 34.85 16.7 / 0.7m
1050 45.0 - 45.85 4.3 / 0.8m
1025 60.9 - 62.0 3.8 / 1.1m

M09-846 Tiriganiaq 1100 28.55 - 37.88 6.9 / 9.3m
- Pit Infill incl.
28.55 - 34.3 7.3 / 5.8m
and
36.13 - 37.88 12.8 / 1.7m
1025 52.15 - 54.05 15.3 / 1.9m
incl.
52.15 - 52.95 35.3 / 0.8m

M09-848 Tiriganiaq 1100 26.65 - 32.8 8.4 / 6.2m
- Pit Infill 1075 35.9 - 42.0 7.4 / 6.1m
1025 51.8 - 56.0 1.8 / 4.2m
1000 64.3 - 65.9 6.0 / 1.6m

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