Maple Gold extends Nika Zone mineralization to the east and recaps 2018 success in the NW Gap Area
Maple Gold extends Nika Zone mineralization to the east
and recaps 2018 success in the NW Gap Area
Montreal, Quebec--(Newsfile Corp. - July 26, 2018) -
Maple Gold Mines Ltd. (
TSXV: MGM) (OTCQB: MGMLF) (FSE:
M3G)
("
Maple Gold
" or the "
Company
") is pleased to report the final drill results from the NW Gap Area, i.e. the area between the
NW, Douay West and Porphyry Zones, which includes the new Nika Zones. There were a select number of historical drill-holes
drilled in the NW Gap Area from 2011 to 2017 inclusive by Aurvista Gold (now Maple Gold Mines), but due to the limited drill
density, this area represented a high-priority target for new discoveries and potential extensions of existing zones outside the
currently established conceptual pits (Micon 2018). Within this area (see Figure 1) a total of twelve (12) holes were drilled in
2018, with the majority spaced from 100 up to 300 metres from the nearest pre-existing drill collar.
Assay results have been received for the final drill hole (DO-18-241) from the Nika Zones, which tested the eastern limit of the
recently defined mineralization in the heart of the NW Gap Area.
This drill-hole confirmed the eastern continuity of gold
mineralization from DO-18-218
(50m of 1.77 g/t Au — see press release May 14, 2018), and
cut
eight narrow mineralized
zones
averaging greater than 1 g/t Au
. The mineralized zones start from a downhole depth of 148m (estimated vertical depth
of 130m), including
12m of 1.78 g/t Au
uncapped (two adjacent zones combined),
3.6m of 1.12 g/t Au
and
1.0m of 6.72 g/t
Au
, see Table 1 and Figure 2A. The above-mentioned
intercepts in
DO-18-241
included
four
new
high
er
grade (>2 g/t Au)
sample
s
forming part of
the Nika cluster (see Figure 1),
all of which are outside existing conceptual pits and wireframes
and therefore represent potential additions to the existing resource base.
Maple Gold's President and CEO, Matthew Hornor, stated:
"
When we started designing our 2018 drill program,
we
encouraged our technical group to take some chances with greenfield drilling and aggressive step-out drilling beyond known
zones in the general resource area.
Following this approach has resulted in the definition of new zones in the NW Gap Area
and gives us confidence that the potential for additional new discoveries at Douay remains excellent.
Greenfield drilling
results are expected in the coming weeks.
"
Maple Gold's
Vice President Exploration, Fred Speidel
, stated:
"
Assays for the NW
G
ap
A
rea, including the promising
new Nika Zones, are now complete. These additional results demonstrate that gold mineralization
in the Nika Zones, part of
which is well above deposit average grade,
widens significantly towards the west and locally remains open up
-
dip and
down
-
dip
.
"
Figure 1
: Drill plan for NW Gap Area, showing previously reported and new mineralized zones. Note broadening of
mineralization westwards from DO-18-241, which may be a result of increased structural permeability provided by the
intersection of EW and NW-striking structures in this area. Threshold (2g/t Au) for higher-grade samples for presentation
purposes only.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3077/36198_a1532558763434_71.jpg
Figure 2
(A, B)
: A, left, Section 705300E with DO-18-241, showing distribution of syenite (pink) and basalt (green) with
reported intercepts. B, right, for comparison, section 705200E (previously reported in press release May 14th, 2018), located
100m to the west, with greater amount of syenite and broader gold intercepts. On this section, individual gold grades shown
as black bars along the left side of the hole trace, have been capped at 6 g/t Au for presentation purposes. The main
intercepts on this section are open up-dip and down-dip.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3077/36198_figure2.jpg
To view additional figures and drill-core photographs from 2018 drilling please visit
www.maplegoldmines.com
.
Table 1:
2018 Drill Results Summary
from
NW Gap Area (including Nika Zones)
(D
rill-hole
s
DO-
18
-
241 and
DO
-18-
218
correspond to the two 2018 holes shown on cross sections
)
Hole
Easting
Northing
Azimuth
Plunge
Length
From
To
Interval
Au
ppm
DO-
18
-
241
705300
5491370
360
-50
510
148.0
149.0
1.0
4.25
DO-
18-
241
267.1
270.7
3.6
1.12
DO-
18-
241
360.0
361.0
1.0
6.72
DO-
18-
241
376.0
376.9
0.9
1.41
DO-
18-
241
393.0
405.0
12.0
*1.78
including
393.0
399.0
6.0
*2.61
including
393.0
394.0
1.0
*11.8
including
402.6
405.0
2.4
2.33
DO
-18-
241
432.0
433.0
1.0
1.13
DO
-18
-241
447.0
448.0
1.0
1.15
DO
-18-
218
705200
5491498
360
-45
480
205.5
208.0
2.5
1.02
DO
-18
-218
213.1
222.5
9.4
0.76
DO
-18-
218
297.0
347.0
50.0
*1.77
Including
297.0
324.0
27.0
1.38
Including
342.8
347.0
4.2
*8.92
DO
-18
-218
364.0
366.1
2.1
1.05
DO
-18
-218
409.8
423.0
13.2
0.86
including
415.0
419.5
4.4
1.24
DO
-18
-
218
453.0
454.0
1.0
1.67
DO
-18
-212
704892
5491799
360
-60
296.2
33.0
34.3
1.3
1.25
DO
-18
-
212
37.0
38.0
1.0
1.07
DO
-18
-212
127.1
129.0
2.0
0.97
DO
-18-
214
705321
5491889
360
-50
477
181.0
184.0
3.0
0.86
including
181.0
182.0
1.0
1.71
DO
-18
-214
424.5
434.0
9.5
1.01
including
424.5
428.0
3.5
1.88
including
433.0
434.0
1.0
1.50
DO
-18-
214
441.5
446.4
4.9
0.74
DO
-18
-217
705112
5491600
360
-50
498
147.7
150.0
2.3
1.83
including
149.0
150.0
1.0
3.40
DO
-18-
217
166.0
168.0
2.0
0.87
DO
-18
-217
175.5
178.0
2.6
1.19
DO
-18
-
217
286.0
287.0
1.0
1.04
DO
-18
-217
303.0
333.8
30.8
0.81
including
309.0
326.0
17.0
1.08
including
333.0
333.8
0.8
1.64
DO
-18-
223
704700
5492492
354
-53
351
99.0
102.0
3.0
1.58
DO
-18
-227
704896
5491654
360
-60
447
101.0
106.0
5.0
2.32
including
104.0
105.0
1.0
8.84
DO
-18-
227
304.0
305.0
1.0
1.15
DO
-18
-227
429.5
432.9
3.4
0.80
DO
-18-
233
Scattered values over 0.5 g/t Au
DO
-18
-236
704570
5492400
003
-50
351.2
Single value over 0.1 g/t Au
DO
-18-
245
705292
5492495
360
-50
351
Single value over 0.25 g/t Au
DO
-18
-249
705637
5491551
360
-50
420
50.0
51.0
1.0
1.88
DO
-18-
252
705695
5491517
360
-50
276
52.0
56.0
4.0
0.83
DO
-18
-252
66.0
70.0
4.0
0.87
DO
-18-
252
106.6
107.2
0.6
3.08
Intervals are all down-the hole lengths, which are estimated to be approximately 90% of true width. Coordinates are NAD83
Zone 17N. All assays were performed by ALS Laboratories by AU-ICP21, i.e. 30 g fire assay with ICP finish with any over
limits (>10 g/t Au) redone by AU-GRA21, i.e. gravimetric analysis of 30g sample weight. Nominal cut-off to obtain intercepts
is 0.25 g/t Au, but depending on grade distribution effective cut-offs can be somewhat higher or lower. All intercepts are
uncapped, those identified with (*) include samples with overlimits (>10 g/t Au); which may be subject to grade capping during
future resource estimation.
Qualified Person
The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred
Speidel, M. Sc, P. Geo., Vice-President Exploration, of Maple Gold. Mr. Speidel is a Qualified Person under National Instrument
43-101 Standards of Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration information
disclosed in this news release through his direct participation in the work.
Quality Assurance (QA) and Quality Control (QC)
Maple Gold implements strict Quality Assurance ("QA") and Quality Control ("QC") protocols at Douay covering the planning and
placing of drill holes in the field; drilling and retrieving the NQ-sized drill core; drill-hole surveying; core transport to the Douay
Camp; core logging by qualified personnel; sampling and bagging of core for analysis; transport of core from site to the
analytical laboratory; sample preparation for assaying; and analysis, recording and final statistical vetting of results. For a
complete description of protocols, please visit the Company's QA/QC page on the website at:
http://maplegoldmines.com/index.php/en/projects/qa-qc-qp-statement
About Maple Gold
Maple Gold is an advanced gold exploration company focused on defining a district-scale gold project in one of the world's
premier mining jurisdictions. The Company's 377 km² Douay Gold Project is located along the Casa Berardi Deformation Zone
within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project has an established gold resource
1
that
remains open in multiple directions, with excellent infrastructure and several large scale operating mines within this prolific
mining district. Maple Gold recently completed a significant winter drill campaign to expand on the known Resource Areas and
test new discovery targets within the Company's 55 km of strike along the Casa Berardi Deformation Zone. For more
information please visit
www.maplegoldmines.com
.
ON BEHALF OF
MAPLE GOLD MINES LTD.
"Matthew Hornor"
B. Matthew Hornor, President & CEO
For Further Information Please Contact:
Mr. Joness Lang
VP, Corporate Development
Email:
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS PRESS RELEASE.
Forward Looking Statements:
This news release contains "forward-looking information" and "forward-looking statements" (collectively referred to as "forward-
looking statements") within the meaning of applicable Canadian securities legislation in Canada, including statements about the
prospective
mineral potential of the Porphyry Zone, the potential for significant mineralization from other drilling in the referenced
drill program and the completion of the drill program. Forward-looking statements are based on assumptions, uncertainties and
management's best estimate of future events. Actual events or results could differ materially from the Company's expectations
and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers
should not place undue reliance on forward-looking statements. Forward-looking statements include, but are not limited to,
statements regarding timing and completion of the private placement. When used herein, words such as "anticipate", "will",
"intend" and similar expressions are intended to identify forward-looking statements.
Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed
reasonable at the time they were made or in certain cases, on third party expert opinions. Such forward-looking statements
involve known and unknown risks, and uncertainties and other factors that may cause our actual events, results, performance or
achievements to be materially different from any future events, results, performance, or achievements expressed or implied by
such forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results
to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.'s filings
with Canadian securities regulators available on
www.sedar.com
or the Company's website at
www.maplegoldmines.com
. The
Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking
statements whether as a result of new information, future events or otherwise, except as required by law
.
1
(Micon 2018) 479,000 ounces at 1.59 g/t Au (Indicated category) and 2,759,000 ounces at 1.02 g/t Au (Inferred category), using a 0.45 g/t Au cut-off
grade. Please visit
www.maplegoldmines.com
or the Company's SEDAR filings for a copy of the Micon 2018 report.