Maude Lake finds more gold at Comtois

Exploration drilling by Montreal-based Maude Lake Exploration (MAU-M) has extended gold mineralization westward at the Comtois property, near Lebel-sur-Quvillon, Que.

The highlight from the first 10 holes assayed is hole 68, which intersected 2 metres (from 136 metres) grading 9.9 grams gold per tonne, 4.5 metres (from 183 metres) of 12.8 grams gold, and 3 metres (from 192 metres) of 33 grams gold.

Hole 69 cut 4.2 metres (from 106 metres) of 9.8 grams gold.

Maude Lake’s 5,000-metre drilling program began in December 2000 and is due to finish by the end of March.

Previously, indicated resources were estimated to be 582,934 tonnes grading 9.13 grams gold, with inferred resources pegged at 122,866 tonnes of 5.11 grams gold. These estimates will be revised in the spring.

Maude Lake is earning a half-interest in the Comtois property from the gold exploration subsidiary of Cameco (cco-t).