Cumberland, Comaplex focus on three Meadowbank targets

Drilling is under way at the Meadowbank gold project 60 miles north of Baker Lake, N.W.T.

The property is owned 60% by Cumberland Resources (VSE) and 40% by Comaplex Minerals (TSE).

The partners are concentrating on three main targets — Goose Island, SGI and Y — along a 1.2-mile-long section of the 3-mile-long Third Portage gold trend.

Last year, the joint venture conducted ground geophysics over the area, which is largely covered by a shallow lake.

Three holes were drilled on the Goose Island target in 1991, intersecting 9.5 ft. grading 9.29 oz. gold per ton, plus 8.9 ft. grading 0.34 oz., in hole 64; 27.2 ft. grading 0.36 oz., plus 57.8 ft. grading 0.38 oz., in hole 51; and 26 ft. grading 0.16 oz. in hole 52.

The holes were spaced along a strike length of 740 ft., and the mineralization is reported to be consistently at, or near, the contact between iron formation and volcanic rocks.

No follow-up drilling has been conducted on the Goose Island target, which remains open in all directions.

The SGI target has the same geophysical signature as Goose Island and is about 2,000 ft. long.

The Y target, too, has a similar response, appearing as a series of anomalies over a 500-ft. strike length.

In order to define the Goose Island zone further and test the SGI and Y targets, an initial phase of 15 holes, totalling 6,500 ft., is planned.

The joint venture is also reviewing previous work on the Third Portage deposit, which, at last report, contained a near-surface resource of 1 million tons grading 0.19 oz. and is open in all directions.