Drill results from the Meliadine West project near Rankin Inlet, N.W.T., reveal the presence of two new gold zones. WMC International drilled 23,500 ft. in a 33-hole program. The Australian-based major can acquire a 60% interest in the property from joint-venture partners Cumberland Resources (TSE) and Comaplex Minerals (TSE) by funding the project to production.
One of the new discoveries, the Fox, was intersected in 10 widely spaced holes over a strike length of 8,800 ft. Cumberland reports that the zone of gold mineralization is associated with sheared and altered iron formation and, most significantly, with sedimentary and volcanic rocks.
Results included high-grade intervals within a large envelope of anomalous gold values. Hole 95-1 contained a 16.3-ft. interval grading 0.38 oz. gold within a 126-ft. intersection averaging 0.11 oz. per ton. The Fox zone remains open to expansion in all directions.
The second discovery, dubbed the Wolf zone, is 2 miles west of the Fox zone and appears to cover a minimum strike length of 2,000 ft. Drilling returned gold values of up to 0.31 oz. over 12.5 ft.
WMC plans to begin follow-up work next spring.
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