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CALGARY, July 10 /CNW/ - Comaplex Minerals Corp. (TSX-CMF) is pleased to
provide an update on the 2008 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%.
An external, third party Scoping Study (Preliminary Economic Assessment)
is well advanced on the Meliadine project. It is estimated that the NI43-101
compliant document will be complete and ready for distribution in mid to late
2008 Drill Program
Drilling on the Tiriganiaq deposit started in early April and
20,000-25,000 meters of drilling is expected to be completed some time in
September of this year. There are presently three drills active on the
property with 10,024 meters in 32 holes completed to date. The 2008 drill
program is predominantly an infill program to upgrade resource status and
increase understanding in the Western Deeps portion of the Tiriganiaq gold
deposit. Two drills are testing targets in the Western Deeps portion of the
Tiriganiaq deposit (the deeper, down-plunge western extension of the orebody).
A total of 18 drill-holes (8,518 meters) have been completed to date. Lab
results have been received for only five of these holes.
The third rig is infill testing the F Zone gold mineralization, located
four kilometers southwest of the Tiriganiaq deposit. The goal of the drilling
is to determine the open pit potential of three shallow targets in the zone. A
total of 1,506 meters in 14 short holes have been completed at this time.
Results from the first five holes are detailed in this release. All five
of the drill-holes released targeted the 1,255 lode gold mineralization in the
Western Deeps area of the Tiriganiaq deposit at depths of 375 to 450 meters
below surface (see http://files.newswire.ca/437/Comaplex0609.pdf for
approximate hole locations). The results from these holes continue to confirm
that significant gold mineralization is present in multiple lodes in the
Detailed drill results on all five holes are attached to this release.
11.8 gmt gold over 6.9 meters in hole M08-720A
including: 17.4 gmt gold over 4.0 meters
48.3 gmt gold over 9.4 meters in hole M08-721
and: 12.9 gmt gold over 2.8 meters
17.5 gmt gold over 3.6 meters in hole M08-723
15.3 gmt gold over 10.1 meters in hole M08-725
and: 10.8 gmt gold over 21.5 meters
including: 15.2 gmt gold over 7.6 meters
Drilling results to date are consistent with expectations for the
deposit. However, the turnaround time for assay results from TSL Laboratories
Inc., Saskatoon, Saskatchewan, has been considerably slower than normal due to
the lab's substantial workload (drilling core and chip and channel samples
from the bulk sample program) associated with Comaplex, and more than normal
activity from other mining ventures. It is hoped that a significant number of
assays will be forthcoming in the near term.
Comaplex is experimenting with a process of wedging off of an existing
drill-hole to get a second intersection from that hole. If successful, the
technique will decrease the amount of drilling required. This process is
fairly new in the permafrost bearing ground in the north but results to date
Underground Exploration Program Continues
Underground exploration on the Tiriganiaq gold deposit has been active
through the winter and will continue into the late summer. At present,
948 meters of decline development (5.2m x 5.3m) has been completed. Access to
the 1,100 gold lode at 70 meters below surface was achieved in mid March.
Drifting along the 1,100 mineralized lode is largely complete (total of
157 meters) and a total of 95 rounds were excavated and processed through a
crusher and sample tower on a round by round basis. Representative samples of
each round of ore has been, or will be, sent to SGS Research (Lakefield) in
Lakefield, Ontario for assaying and further metallurgical work. Assay results
of the bulk sample ore rounds will be compared to the drill results for each
It is expected that decline development will conclude in the third week
of July, with drifting and bulk sampling of the 1,000 lode mineralization
completed in early September (at approximately 120 meters below surface).
Comaplex has extended the original underground program to include additional
drifting, cross-cuts, and raises through other gold bearing lodes in the
deposit. The underground exploration work should be finished at about the same
time as the surface drilling program, in mid to late September.
Drill results from the summer exploration program will be released on a
timely basis as assays are received from the lab. Results from the underground
exploration bulk sample are expected to be received on an ongoing basis in the
near future and will be reported when the results have been interpreted.
A 4,000 meter diamond drill program has commenced on the Meliadine East
property (Comaplex 50% and Meliadine Resources Ltd 50% and operator). Results
will be reported as received.
Grassroots exploration gold programs will be conducted on the Meliadine
West property this summer. Significant, high grade gold bearing boulder fields
west of the Tiriganiaq deposit have yet to be sourced.
At this time, there are no plans to complete exploration for the source
of the diamond bearing till samples on the east end of the property. Unrelated
third party activity around Comaplex's claim block is continuing this summer
and Comaplex will monitor results from that exploration before committing
resources to the diamond play.
Doug Dumka, P.Geo. is the Chief Geologist for Comaplex Minerals and is
the Senior Project Geologist and designated Qualified Person (Q.P.) for the
Meliadine West Project. Mr. Dumka supervised drill hole planning,
implementation and quality control/quality assurance programs at the Meliadine
West project for 2008.
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 80% 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 08- 10 July 10, 2008
60 gmt Au
hole(No.) area lode meterage (gmt Au/m) (gmt Au/m)
--------- ---- ---- -------- ---------- ----------
M08-720A Tiriganiaq 1255 444.55-451.50 11.8/6.9m
- West Deeps incl. 447.45-451.5 17.4/4.0m
1255 455.85-457.8 6.3/2.0m
M08-721 Tiriganiaq 1255 459.8-462.6 12.9/2.8m
- West Deeps 1255 468.7-478.05 48.3/9.4m 29.1/9.4m
M08-722 Tiriganiaq 1253 407.2-408.2 13.1/1.0m
- West Deeps 1252 450.0-450.5 11.0/0.5m
M08-723 Tiriganiaq 1255 421.9-425.45 17.5/3.6m
- West Deeps 1015 508.1-510.0 11.1/1.9m
1015 514.2-516.5 8.4/2.3m
M08-725 Tiriganiaq 1255 391.4-401.5 15.3/10.1m
- West Deeps 1252 411.0-432.5 10.8/21.5m 10.5/21.5m
incl. 416.4-424.0 15.2/7.6m
1015 500.7-503.2 8.7/2.5m
For further information:
For further information: George F. Fink, President, or Mark J. Balog,
Chief Operating Officer, at (403) 265-2846 or visit our website at