Business
Maudore Accelerates Drilling at the Comtois High Grade Gold Project, Quebec
Maudore Accelerates Drilling at the Comtois High Grade Gold Project, Quebec
About this update from Orbit Garant Drilling Inc.
[{"type":"text","content":"\nMaudore Accelerates Drilling at the Comtois High Grade Gold Project, Quebec\n\n\n Nov. 23, 2009 (Filing Services Canada) -- Maudore Minerals Ltd  (MAO - TSX Venture, M6L - FWB), is pleased to announce that it has entered into a major contract with Orbit Garant Drilling Inc. (TSX: OGD) to provide drilling services at Maudore's Comtois High Grade Gold Project in the Lebel-sur-Quevillon area, north of Val-d'Or, Quebec, Canada. The contract provides that three of their rigs will be utilized to complete 70,000 meters of drilling at Comtois. The first rig began drilling about a week ago and has just completed its first hole. Two additional rigs will be on site shortly. Another drill rig has been on site for almost two years and continues to work. In total, four rigs will be drilling at Comtois going into 2010. \"Thanks to the confidence expressed by Maudore shareholders who participated in our $8 million financing last month, we plan on doubling our drilling to a planned 70,000 meters next year. We have been expanding the Comtois with high grade gold intercepts in all directions and at depth, and I look forward to more intense drilling with the help of these additional rigs\" said Ron Shorr, Maudore's CEO. To date, Maudore has completed approximately 300 holes at Comtois, many of which returned high grade intercepts not included in the current resource calculation.About Maudore MineralsMaudore Minerals Limited owns 100% of the Comtois High Grade Gold Project. The current Inferred Mineral Resource (RPA, 2002) at Comtois stands at 524,000 ounces of gold [808,000 tonnes at 20.2 g/t Au (uncut)] or at 249,400 ounces of gold [808,000 tonnes at 9.6 g/t Au (cut at 30 g/t Au)]. This resource is based on 66 holes drilled up to 2002. On behalf of the Board of Directors\"Ronald Shorr\"President, CEO and Director(514) 761-1415 www.maudore.com Statements in this release that are not historical facts are \"forward-looking statements\" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that the actual developments or results may vary materially from those in these \"forward-looking statements\".Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture ...