NWT Mineral Exploration

[Ed Monton]

KABOOM!!

,,,,


Comaplex releases final 2004 Meliadine West results

2004-09-20 09:05 ET - News Release


Mr. George Fink reports

COMAPLEX REPORTS HIGH GRADE DRILL RESULTS FROM MELIADINE WEST

Comaplex Minerals Corp. has released drill results from the final five holes in the 2004 exploration program on the Meliadine West gold property. Previous drill results from this campaign were released in Stockwatch on July 29 and Sept. 7, 2004. Drilling on the project was completed on Sept. 5, 2004. The Meliadine property is located 25 kilometres northwest of the hamlet of Rankin inlet in Nunavut.

Drill results from the final 2004 holes into the West Tiriganiaq zone continue to indicate significant potential for additional gold resources at depth along strike of the Main Tiriganiaq deposit. Hole 531A is a 100-metre step-out from any previous hole in the West Tiriganiaq zone. Drill holes 532 to 534 were drilled as infill holes in the western part of the zone. Highlights from the final 2004 drill holes in the West Tiriganiaq zone include:



12.2 grams per tonne gold over 3.1 metres in hole 04-530A;
188.2 grams per tonne gold over 16.18 metres in hole 04-531A (uncut) (if cut to 60 grams per tonne greater than or equal to
40.53 grams per tonne over 16.18 metres);
26.03 grams per tonne gold over 2.0 metres in hole 04-531A;
9.5 grams per tonne gold over 3.0 metres in hole 04-532;
20.76 grams per tonne gold over 6.0 metres in hole 04-533; and
34.1 grams per tonne gold over 2.9 metres in hole 04-534.



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The West Tiriganiaq zone is located 400 metres west, along strike, of the Main Tiriganiaq deposit at depths between 350 to 450 metres vertically below surface (see the attached schematic longitudinal section) http://www.comaplex.com/images/2004results.jpg. The zone appears to be at least 600 metres long and potentially up to 100 metres high, with thicknesses ranging from 2.0 to 16.2 metres.

Gold mineralization is presently interpreted to be in the 1,150 and 1,000 ore horizons. Similarities in geology and mineralization between the Main Tiriganiaq deposit and West Tiriganiaq suggest the same system is present and continuity could exist between the two targets. Drill hole 04-528 on the western, up-dip limit of the West Tiriganiaq zone is the only hole in the 2004 program that lacked significant mineralization or alteration, otherwise the zone is open to depth and along strike in either direction. Hole 535 was lost in the upper part of the hole due to difficult ground conditions and did not reach any of the target horizons.

The 2004 surface drill program at Meliadine West totalled 9,297 metres of diamond drilling in 21 holes. Of this amount, 7,252 metres (78 per cent) was completed on the West Tiriganiaq target, 1,140 metres (12 per cent) completed on the Main Tiriganiaq deposit and 905 metres (10 per cent) completed on recon targets near the Tiriganiaq structure. Original planned length for the project was 7,500 metres.

Surface exploration

Noel target

Follow-up prospecting and mapping north of the previously discovered Trash gold target, eight kilometres east of the Tiriganiaq deposit, led to the discovery of boulders of visible gold bearing quartz veins assaying up to 280.0 grams per tonne gold. Auriferous carbonate and pyrite altered boulders are abundant in the area adjacent to the high-grade vein boulders. To date, the source of the angular boulders has not been found. Follow-up surface work and drilling are required.

AKLAK claims

Prospecting and mapping on the AKLAK claim group located northeast of the Meliadine West property has confirmed and extended previous showings and led to the discovery of new gold occurrences. Outcrop samples of arsenopyrite-rich zones within deformed silicate-rich iron formation assayed as high as 19.5 grams per tonne gold in a new target with a minimum 250-metre strike length. There has been no drilling in the AKLAK claim block.

Future work

A recalculation of resources in the Main Tiriganiaq deposit with subsequent underground exploration of the deposit is the primary focus for Comaplex in the near term. The results from the 2004 drilling into the main Tiriganiaq deposit will be included in a new resource number. The company is committed to moving the Main Tiriganiaq deposit toward feasibility as quickly as possible. Comaplex has a 78-per-cent interest in the Meliadine West property with an option to increase to 80 per cent.

Allan Armitage, PhD, PGeo, is the chief geologist for Comaplex Minerals and is the senior project geologist and designated qualified person for the Meliadine West project. Dr. Armitage has supervised drill hole planning, implementation and quality control/quality assurance programs at the Meliadine West project for 2004.

Drill core analysis is performed on cut, half NQ core with standard fire assay procedures and a gravimetric finish (Au0) (one tonne). A second FA-gravimetric analysis (Au1) is completed by the lab, usually three per every 20 samples. Repeats (Au2) are also done on all samples greater than one gram per tonne gold, with a fourth sample (Au3) taken if there is a greater than 10-per-cent variance between Au0, Au1 or Au2. QA/QC programs employ the insertion of internal standards (low to high-grade gold) every 20 samples, and low grade standards and blanks in heavily mineralized zones. All assaying is completed by TSL Laboratories Ltd. based in Saskatoon, Sask. TSL completes its own internal QA/QC by inserting a standard after every 20th analysis.

 
  
           WEST TIRIGANIAQ ZONE 
            
 Hole       From     To    Gold    Length 
               m      m     gpt         m 
  
 04-530A  358.7   361.8    12.2      3.1 
          364.1   365.1     7.65     1.0 
 04-531A  433.82  450.0   188.2     16.18 
 Incl.                     40.53    16.18 
  
 Intersections: 
  
          433.82  434.44   22.26 
          434.44  435.44   62.89 
          435.44  436.37   52.47 
          436.37  437.1     4.94 
          437.1   438      55.73 
          438.0   439.0    69.68 
          439.0   440.0    14.71 
          440.0   441.0   127.10 
          441.0   442.0    12.83 
          442.0   443.0    36.08 
          443.0   444.0   189.30 
          444.0   445.0   121.00 
          445.0   446.0     3.19 
          446.0   446.8    77.40 
          446.8   447.2    37.52 
          447.2   448.3  1974.00 
          448.3   448.97   46.60 
          448.97  450.0    12.07 
          452.0   454.0    26.03     2.0 
 Incl.    453.0   454.0    51.51     1.0 
          474.39  475.5     8.06     1.11 
          534.0   537.0     6.31     2.0 
 04-532   494.0   497.0     9.5      3.0 
 Incl.    494.0   495.0    25.55     1.0 
 04-533   433.0   439.0    20.76     6.0 
 04-534   425.4   428.3    34.1      2.9 
          521.0   523.0    10.75     2.0 
 Incl.    522.0   523.0    21.23     1.0 
          536.5   539.5    17.1      3.0 
 Incl.    537.5   538.5    45.47     1.0 
 04-535   Hole shut down