TMAC Resources Inc.: Doris Drilling Continues to Define Continuity of the High Grade BTD Extension; First Quarter 2019 Exploration Update

Press Release

TORONTO, April 7, 2019 – TMAC Resources Inc. (TSX: TMR) (“TMAC” or the “Company”) is pleased to provide initial results of the ongoing 2019 exploration program. Diamond drilling and initial sill access development at Doris has continued to demonstrate continuity of high grade gold mineralization with visible gold within the BTD Extension zone. The BTD Extension zone remains open to the north and drilling through the remainder of 2019 will continue to upgrade confidence in and expand the zone, supporting our 2019 strategy for continued reserve and resource expansion within the Doris mine, as well as provide high grade feed to the processing plant in 2019.

BTD Extension Highlights:

TMDBE-19-50004 214.0 g/t Au over 0.8 metres And 13.8 g/t Au over 5.2 metres
TMDBE-19-50005 407.0 g/t Au over 1.1 metres
TMDBE-19-50018 207.0 g/t Au over 0.9 metres
TMDBE-19-50031 682.9 g/t Au over 1.4 metres

At Madrid North, near surface drilling on the Naartok East zone has been completed with encouraging results, supporting the evaluation of potential development and mining in 2019. As well, infill drilling on the Suluk zone is designed to better define the high grade plunges within the zone and provide material for metallurgical testing to facilitate a decision to initiate advanced exploration development and bulk sampling.

Madrid North Highlights:

TMMNE-19-00011 11.5 g/t Au over 9.0 metres And 10.1 g/t Au over 27.0 metres
TMMNE-19-00013 10.6 g/t Au over 27.0 metres
TMMSU-19-00007 97.9 g/t Au over 4.9 metres And 26.2 g/t Au over 6.1 metres And 22.0 g/t Au over 4.4 metres And 7.9 g/t Au over 4.2 metres
TMMSU-19-00002    11.3 g/t Au over 7.4 metres And  9.6 g/t Au over 10.0 metres

Jason Neal, President and Chief Executive Officer of TMAC, stated, “We are very excited by our results in the BTD Extension where drilling is extending the resource to the north while we are concurrently developing into the zone at the south. Where we are developing in the south, we are encountering visible gold and high grade mineralization. The drill holes to the north are expected to continue expanding the resource, which remains open. The consistency of visible gold identified in the drilling and high grade assay results is rarely seen in Archean gold deposits. Our BTD exploration is very relevant to our near-term mine plan as this material is expected to begin being processed in meaningful quantities in the second half of 2019.”

Jason Neal continued, “The 2019 exploration programs have increased significantly over those completed in 2017 and 2018 as we begin to add value through exploration. In addition to the BTD Extension, drilling programs at Madrid North are focused on the near surface Naartok East zone and Suluk zone, which will enable further exploration program decisions as well as future evaluation and development and production decisions.”

DORIS – FIRST QUARTER 2019 EXPLORATION DRILLING

The Doris BTD is north of and beneath the diabase dyke (Figure 1) and is the equivalent of the high grade Doris North zone hinge structure. The 2019 drilling builds on the successful 2018 program and continues to upgrade inferred resources and expand the zone to the north as the exploration development drive advances. The BTD Extension zone returned high grade intersections throughout the 2018 program and initial drilling in 2019 has further defined the plunge of high grade gold mineralization along the west limb of the fold structure. An unusually high proportion of diamond drill hole vein intercepts have visible gold observed and assay results greater than100 grams of gold per tonne are common. Drilling to date suggests good continuity of high grade gold mineralization greater than 30 grams of gold per tonne over an approximately 250 metre strike, and remains open to the north (Figure 2). Development of the BTD exploration ramp is ongoing and is scheduled to reach the next drilling platform late in the second quarter, which will allow an additional 100 metres of drilling along strike. A summary of the 2019 Doris BTD assay results received to date is provided in Table 1 and drill hole locations are illustrated in Figure 3.

Also during the quarter, the initial access development reached the southernmost area of the BTD Extension on the 4690 level (Figure 2). To date, four development rounds have been taken on the BTD Extension vein and have returned face samples of the quartz vein grading 1,220 grams of gold per tonne over 0.7 metres, 103 grams of gold per tonne over 0.6 metres and 506 grams of gold per tonne over 0.8 metres, with assays for the remaining round pending. Although the quartz vein is relatively narrow, the initial sill development on the BTD Extension vein has confirmed continuity of both the quartz vein and high grade gold mineralization. Development will continue through the second quarter in preparation for production.

Read More: https://s1.q4cdn.com/893791552/files/doc_news/2019/04/2019-4-8-Exploration-Update-_FINAL.pdf

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