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The Discovery gold deposit is located 17 kilometers east/southeast of the Tiriganiaq deposit on the Meliadine East property. Comaplex has a 100 percent interest in the Meliadine East property. The property consists of a combination of federal mineral leases (21 year terms) and NTI concessions.
Intermittent exploration from 1990 to 1997 discovered and outlined a gold resource called the Discovery Zone on the Meliadine East property. Extensive regional exploration (prospecting, mapping, drilling) was completed over large parts of the Meliadine East property.
From 1998-2007, the Joint Venture completed numerous exploration programs on the Meliadine East property for gold, with the exception of the period from 2001-2003, when exploration for diamonds was conducted. This included a 16 hole, 1650 meter drill program tracing kimberlite indicator sources. Kimberlite dikes and pipes were intersected in 14 of the 16 holes (total of 10 kimberlite bodies). Analysis by the Saskatchewan Research Council Laboratories confirmed that 9 of the 10 bodies were barren of diamonds. One kimberlite contained 3 micro-diamonds that were clear, white stones with octahedral shapes but that passes through a 212 micron square mesh screen. Based on these results, no further work was proposed, although monitoring of other company’s exploration programs in the immediate area is ongoing.
A $90,000 program was spent on the Meliadine East property in 2007 by Meliadine Resources Ltd, the operator, (Comaplex’s share of expenditures - $45,000). The program was one of maintenance of the existing claim block. As in previous years, certain marginal concessions and claims outside of the core area of interest that have been determined to have little to no geological potential to host economic mineral deposits, were dropped from the portfolio.
In January of 2008, Meliadine Resources Ltd., a private corporation that is wholly owned by Resource Capital Fund III L.P., released a NI 43-101 compliant resource estimate for the Discovery deposit. This estimate is based on 112 historic drill holes and 21 surface diamond saw channel cuts. This estimate was reviewed and verified by Pincock, Allen & Holt of Colorado. Details of the resource estimate are available in a NI 43-101 report on SEDAR or under the resource estimate tab above.
A diamond drilling program on the Meliadine East property was completed in September 2008. A total of 3,832 meters in 21 holes were completed in and adjacent to the Discovery gold deposit. The objective of the 2008 exploration program was to expand the open pit resources in the deposit.
Environmental and metallurgical studies are also being completed on the Discovery deposit and a new resource estimate for the Discovery deposit will be completed by Meliadine Resources Ltd. in 2009 that will include results from the 2008 drill program.
Comaplex has consolidated a 100 percent interest in the entire Meliadine gold property. The Company completed a transaction with Perfora Investments S.a.r.l. (“Perfora”), 100% owner of Comaplex joint venture partner Meliadine Resources Ltd. (“MRL”). MRL held a 22 percent interest in the Meliadine West property and a 50 percent interest in the Meliadine East property. This transaction consolidated the various interests in the Meliadine Gold Property, located in Nunavut Territory, Canada, such that Comaplex owns a 100 percent interest in the Meliadine East and West properties.
A new resource estimate for the Discovery deposit on the Meliadine East property was released in January, 2010 along with new resource estimates for the Tiriganiaq, F Zone, Wolf and Pump gold deposits on the Meliadine West property. All five were completed by Snowden Mineral Industry Consultants and were prepared with CIM Definition Standards.
The 2009 drill program was very successful and resulted in a substantial increase in the indicated and inferred mineral resources on the property. All five deposits continue to be open to depth and down plunge. Details on the resource estimates for each deposit can be accessed in the Meliadine West and Meliadine East "Resource Estimate" tabs of the Exploration section and the full news release can be accessed by clicking here.
The Discovery prospect on the Meliadine East property has an indicated resource hosted by the upper oxide iron formation. The gold mineralization is associated with abundant quartz-carbonate veining, elevated sulphide contents (arsenopyrite, pyrite and pyrrhotite) and hydrothermal alteration represented by hornblende, grunerite and biotite. There is a strong similarity and continuity of geology and structural controls between the East and West Meliadine properties.
Cumberland has been the operator of the Meliadine East exploration programs from 1993 to 2006. Various programs were conducted during those years. In October 2006, Resource Capital Fund (RCF) of Denver, Colorado bought Cumberland’s interest in the Meliadine East property and is now the operator.
In 2007, a total of $15,000 was spent on the Meliadine East property by the Joint Venture partners. No exploration was conducted, with the operator completing only fee and assessment maintenance of the property.
In January of 2008, Meliadine Resources Ltd., a private corporation that is wholly owned by Resource Capital Fund III L.P., released an NI 43-101 compliant resource estimate for the Discovery deposit. This estimate was based on 112 historic drill holes and 21 surface diamond saw channel cuts. This estimate was reviewed and verified by Pincock, Allen & Holt of Colorado. Details of the resource estimate are available in an NI 43-101 technical report on SEDAR.
A diamond drilling program on the Meliadine East property was completed in September 2008. A total of 3,832 meters in 21 holes were completed in and adjacent to the Discovery gold deposit. The objective of the 2008 exploration program was to expand the open pit resources in the deposit.
Environmental and metallurgical studies are also being completed on the Discovery deposit in 2009 and a new resource estimate for the Discovery deposit will be completed in the summer of 2009 that will include results from the 2008 drill program.
The 2009 exploration program has commenced with a drilling program of approximately 2,000 meters planned to further define the open pit resources in the Discovery Zone. An additional 600 meters of geotechnical drilling is planned for the deposit following the exploration program.
Note
Mr. Mark Balog is the Chief Operating Officer of Comaplex and designated Qualified Person (Q.P.) for the Meliadine East project.
| Cut-off grade (g/t Au) | Category | Tonnage | Grade (g/t Au) | Contained oz Au |
| 3.0 | Indicated | 1,368,400 | 5.4 | 237,200 |
| 3.0 | Inferred | 139,600 | 4.4 | 19,600 |
| Cut-off grade (g/t Au) | Category | Tonnage | Grade (g/t Au) | Contained oz Au |
| 6.0 | Indicated | 434,200 | 9.1 | 127,600 |
| 6.0 | Inferred | 466,200 | 8.4 | 126,200 |