Maple Gold Intersects Several Mineralized Zones and Extends Mineralization at Depth in West-Central Resource Area
Maple Gold Intersects Several Mineralized Zones and
Extends Mineralization at Depth in West-Central
Resource Area
Montreal, Quebec--(Newsfile Corp. - June 26, 2018) -
Maple Gold Mines Ltd.
(
TSXV: MGM) (OTCQB: MGMLF) (FSE:
M3G)
("
Maple Gold
" or the "
Company
") is pleased to report additional drill results from the western half of the Porphyry Zone within
the current Resource Area at the Douay Property. Within this area (see Figure 1) a total of eight (8) infill and step-out holes were
drilled in 2018, with assays pending for the westernmost hole of these only. Both geological observations and assay results for
these new holes show good continuity of mineralization in this area, with several higher grade intervals, within a syenite dyke or
dyke swarm in the hanging wall of one of the Casa Berardi Faults (see Figure 2).
DO-18-229 cut several mineralized zones
, including
12.0m of 1.90 g/t Au
, 8.5m of 3.80 g/t Au
(uncapped)
and 5.5m
of 1.94 g/t Au,
all of which form part of a broader envelope of lower-grade halo mineralization which extends to surface in
historical hole D-92-07 (see Figure 2A).
DO-18-234 cut several mineralized zones
, including an
upper zone
in basalt with
7.0m
grading 1.47 g/t Au
and a
lower zone
in syenite with
27.9m
grading
0.6
6
g/t Au
.
The latter extends to surface in historical hole DO-05-02 (see
Figure 2B)
DO-18-230
also
cut multiple mineralized zones
, including an
upper zone in basalt with
4.8
m
grading 1.
25
g/t Au
and a
lower zone in syenite with
24.0m
grading 0.
75
g/t Au
, including 7.0m grading 1.17 g/t Au
. These zones also
extend to surface in holes DO-12-97 and 70586-0, respectively (see Figure 2C)
In addition to the highlights mentioned above, several other drill-holes successfully confirmed both lateral and vertical continuity of
mineralization (see
Table 1: Highlighted Drill-Results to-date from
the
Western Portion of the Porphyry Zone
, below).
Maple Gold's President and CEO, Matthew Hornor, stated:
"
Infill and step-out drilling has
successfully confirmed down-dip
extensions of existing mineralized zones in the
main Porphyry Zone. Further drill results are expected in the coming weeks
from the Nika Zone,
the
eastern half of the Porphyry Zone and
also from
new greenfields drilling to the NE and NW of the
Resource Area."
Table 1: Highlighted 2018 Drill Results to-date from Western Portion of
the
Porphyry Zone
(N
ewly reported drill-holes
: 229, 234, 230, 221, 240)
Intervals given 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.
Table 1
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2018 drilling in the western half of the Porphyry Zone shows a broad (90-130m true width) halo of gold mineralization, extending
several hundred meters along strike and mainly hosted in syenites (see Figures 1,2) within which higher grade (>1 g/t Au)
intervals are found. In some cases the lower portion of the halo has the best grades (e.g. DO-18-229 shown in Figure 2A), in
others the upper portion (DO-18-230 shown in Figure 2C). Narrow high grade structures are also found in basaltic wallrocks
(Figure 2B).
Figure 1
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Figure 1
: Drill plan for western part of Porphyry Zone. Note previously reported hole DO-18-216 located 160m to the east of DO-
18-229, and continuity of mineralized envelopes (current wireframes use a 0.1 g/t Au cut-off) between these holes. Note new
mineralized zones (pink polygons), in areas previously classified as waste.
Figure 2A & B
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F
igure 2
(A, B & C)
:
Geological sections over an (EW) distance of
550m, with gold grade distribution shown as black bars.
A
(above
left
),
Geological section for DO-18-229. Note continuity of broad mineralization envelope from the deepest intercepts in
DO-18-229 right to surface.
B
(above right)
,
Geological section for DO-18-234 and -240, note continuity of mineralization as
well as new mineralized zone cutting the central part of the hole.
C
(below)
,
Geological section for DO-18- 230, with the best
grades some distance from the fault. Vertical gridlines are 200m apart, horizontal gridlines 50m.
Figure 2C
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In addition to confirming continuity of mineralization down-dip, these sections demonstrate that mineralization is still open at
depth, and that additional resources can be defined further down-dip and still within the envelope of a conceptual pit (<500m
depth). Furthermore, additional mineralized zones are still being found in syenite and in basalt wall rock, in areas previously
classified as waste (Figure 2C above, Figure 3 below).
Figure 3
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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 has now 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
Office: +1 416.306.8124
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.