Maple Gold Intersects Multiple Gold Zones Within 100 Metres from Surface at The NW Zone
Maple Gold Intersects Multiple Gold Zones Within 100
Metres from Surface at The NW Zone
Montreal, Quebec--(Newsfile Corp. - May 6, 2020) -
Maple Gold Mines Ltd.
(
TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G
)
("
Maple Gold
" or the "
Company
") is pleased to report new assay results from its 2020 winter drilling campaign at the Douay
Project. The Company planned a single drill-hole (DO-20-272) near the limit of the NW Zone this winter, a zone which has only
seen two drill holes since 1997. Maple Gold's geologists identified a significant drilling gap of approximately 300 metres to the
west of a historical drill-hole that cut significant gold mineralization starting from only 41m downhole (3.15 g/t Au over 8.9m).
This
year's drill-hole was collared 100m to the west and cut 4.16 g/t Au over 3.4m starting from 39.6m downhole
(including
7.68 g/t Au over 1.7m),
and 1.15 g/t Au over 20m starting from 50m
downhole
, including 8m of 1.34 g/t Au. This near-
surface zone remains open for about 200m to the west and the eastern extension of the historical intercept also remains open to
the east for about 150m (see Fig. 2).
Fig. 1:
Drill plan on aeromagnetic base showing main DO-20-272 intercept and interpreted near-surface gold zone closely
associated with Cartwright/Taibi contact. Note additional drilling gaps (white ellipses) along or near the same contact.
To view an enhanced version of Fig. 1, please visit:
https://orders.newsfilecorp.com/files/3077/55444_4e2260b9049bc905_001full.jpg
Maple Gold's VP, Exploration, Fred Speidel, commented:
"Results from our 2020 drill-hole at the NW Zone provides
support for the presence of a near-surface higher-grade zone in this relatively sparsely drilled area. Last winter we drilled a
single drill hole in an area (531 Zone) that hadn't been drilled much since the early 1990's and we intersected multiple high-grade
zones. This year we similarly planned a single hole to test a concept at the NW Zone, which also hadn't seen much work since
the 90's. The new NW Zone intercepts and lack of drilling in the immediate area is another example of the type of exploration
upside that still exists within the known deposit area at Douay, not to mention the greater property package."
The geological characteristics of the NW Zone in this area are similar to those in the Main Zone at the opposite (ESE) end of the
deposit, with host rocks consisting of highly foliated quartz sericite-pyrite-altered volcanic, pyroclastic and lesser sedimentary
rocks. Although the NW Zone is relatively distal, the influence of the Douay alkaline intrusive-hydrothermal system is still noted by
frequent carbonatite injections, relative abundance of fluorite (see fig. 3 below) and commonly elevated Rare Earth Element
(REE) values. This lends further support to the Company's existing hypothesis of geological (and geophysical) continuity
between these two zones,
where there are several drilling gaps of about 500-1000m in length that remain to be tested, only a
few of which are shown in Fig. 1 above.
Fig. 2:
Long section @095, looking NNE, along axis of hatched gold zone shown in Fig. 1. Note distribution of gold
mineralization, with shallow apparent dips to the ESE, a common theme at Douay. Significant drilling gaps still exist in this area
and additional infill drilling is warranted, with the aim of defining additional near-surface gold mineralization.
To view an enhanced version of Fig. 2, please visit:
https://orders.newsfilecorp.com/files/3077/55444_4e2260b9049bc905_002full.jpg
Fig. 3:
NQ core (47.6mm diameter) from
41.3-41.9m in
DO-20-272A, which assayed 13.25 g/t Au
. Note yellow sericite
defining foliation, stronger Fe-carbonate (pale orange color) and relatively abundant fine disseminated and stringer pyrite, as
well as purplish grey fluorite-carbonate injection in upper right part of photograph.
To view an enhanced version of Fig. 3, please visit:
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Table 1: Summary of Assay Results for Drilling at the NW Zone
To view an enhanced version of Table 1, please visit:
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Notes:
All lengths are downhole, true widths not known due to limited drilling in this area. DO-20-272 was abandoned due to
drilling problems; DO-20-272A was collared about 3m from the original hole and drilled steeper. Upper and lower zones were
cut in both holes; by about 70m downhole, the two holes would have been approximately 10m apart.
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 ALS
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 and development company focused on defining a district-scale gold project in one
of the world's premier mining jurisdictions. The Company's ~355 km² Douay Gold Project is located along the Casa Berardi
Deformation Zone (55 km of strike) within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project benefits
from excellent infrastructure and has an established gold resource that remains open in multiple directions. 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
Executive Vice-President
Cell: 778.686.6836
Email:
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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
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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.
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