August 11, 2010:
Maudore: New 43-101 Resource Estimate More Than Doubles Gold Ounces
in Quebec and Establishes Open Pit Potential
Maudore: La nouvelle estimation des ressources minérales à Comtois fait plus
que doubler les onces d’or et établit des ressources présumées offrant un
potentiel de fosse à ciel ouvert
July 28, 2010:
Maudore Drilling Extends Comtois Zones: 143.5 g/t Au and 117.0 g/t Au over 1.5m, at the West and East Know n Limits of the 1½km Strike Length.
Maudore: Le Forage Étend Les Zones À Comtois: 143,5 g/t d’or et 117,0 g/t
d’or sur 1,5 mètre dans les limites est et ouest de la structure connue
d’une longueur de 1½ km
June 30, 2010:
Maudore Engages Executive Recruiter for COO
Maudore Engage Une Firme de Recrutement de
Cadres Pour le Poste de Chef de l’Exploitation
June 15, 2010:
An Exceptional 239.0 g/t Gold Intercept Over 1.5 Meters from the Midway Area
Un Intercept Exceptionnel de 239,0 g/t d’or Sur 1,5 Mètre dans le Secteur Midway
March 24, 2010:
Maudore Drilling Adds High Grade Gold Mineralization In All Project Areas
Le for age ajoute de la m inér alis ation à forte teneur en or dans tous les secteurs du projet Comtois
March 1, 2010:
Maudore to enhance management team
Maudore en processus d’améliorer l’équipe de direction
February 4, 2010:
Maudore engages investor relations firm for U.S. market development
Maudore retient les services d’une firme de relations avec les investisseurs pour le marché des Etats-Unis
January 6, 2010:
Midway Area Drilling Adding Mineralization Westward and at Depth
Forage à Comtois: le forage dans le secteur midway ajoute de la minéralisation à l’ouest et en profondeur
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New 43-101 Resource Estimate:
More Than Doubles Gold Ounces to 1.2 Million
August 11 2010
Download the Conference Call PDF, then click on the audio link button to listen to Ron Shorr's presentation of the August 17th Conference Call.
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Maudore Minerals
Maudore Minerals Ltd. (TSX-V: MAO) owns 100% of the Comtois Gold Project in Quebec, Canada and is focused on developing this resource. Maudore also owns a large land package west of Comtois with volcanogenic gold/massive sulphide (VMS) potential. owns 100% of the Comtois Gold Project and is focused on developing this resource.
Location - Quebec
Quebec is a mineral-rich, mining-friendly, politically and economically stable environment.
Current Project Resource
Maudore announced on August 11 2010 a 43-101 compliant Inferred Resource Estimate of 1.2 million ounces gold, incorporating a high grade capping of 65 g/t Au. Note that for comparative purposes, the estimate would be over 1.4 million ounces uncut. The Inferred Mineral Resource includes: (1) near surface (0 to 150 metre depth) open pit potential of 504,384 ounces at a grade of 3.2 g/t Au using a 1 g/t cut-off, and (2) underground potential (below 150 metres) of 708,409 ounces at a grade of 6.8 g/t Au using a 3 g/t Au cut-off. The minimum width used in calculating the resource was 2 metres.
Financial Position
Maudore has about $5 million cash on hand. The province rebates in cash almost 50% of mining exploration expenditures, providing Maudore with extremely cost-effective development.
Current and Continuing Drilling at Comtois
Drilling by Maudore between 2006 and February 2010 contributed about 89,000 meters to the new resource estimate, which also incorporates just over 100,000m drilled by previous operators. Since the resource cut-off date of February 15th and concomitant assays received through March, Maudore has completed a further 38,500m of drilling in 110 holes which are not incorporated in the current estimate. The potential for expansion of the inferred resource is reflected by the intercepts reported since the resource cut-off date. These include an exceptional 239 g/t Au over 1.5m (June 15), and 143.5 g/t and 117.0 g/t gold, also over 1.5m (July 28). These intercepts and about 25 other high-grade post-resource results are from areas that have until recently received much less drilling than the main Osborne resource area, and they confirm that high grade gold exists at both ends of the known 1.5km trend.
Intensive drilling continues at Comtois with a goal of over 70,000 meters expected to be completed in 2010. Exploration programs are also ongoing on Maudore’s other (semi-contiguous) properties.
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Tuesday August 17 11am EDT: - Conference Call with CEO Ron Shorr
Regarding New 43-101 Resource Estimate August 24 to September 3 - Meetings with European Investors.
Sept 12 & 13 - Val D'or Quebec
Mining Conference.
Sept 25 & 26 - Cambridge House Convention,
Toronto Ontario, Booth #218
PDF Downloads:
August 23, 2010:
Article on Maudore written by the Northern Miner >> more info
August 20, 2010:
Roger Wiegand on Maudore >> more info
Al Korelin Interviews Roger Wiegand on Maudore - >> audio link
June 16, 2010:
Minesite on Maudore (by Alastair Ford) >> more info
February 9, 2010 : Minesite on Maudore (By Charles Wyatt) >> more info
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