Maple Gold Intersects Several Mineralized Zones in East- Central Resource Area: Including 21m of 3.49 g/t Au and 27.5m of 1.25 g/t Au
Maple Gold Intersects Several Mineralized Zones in East-
Central Resource Area: Including 21m of 3.49 g/t Au and
27.5m of 1.25 g/t Au
Montreal, Quebec--(Newsfile Corp. - July 9, 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 eastern half of the Porphyry Zone within
the current Resource Area at the Douay Project. Within this area (see Figure 1) a total of sixteen (16) infill and step-out holes
were drilled in 2018, with all assays now received.
The highlighted results below are from holes that were drilled in an area with
lower drill density (see Figure 1), so the opportunity exists to define additional zones further north. The main intercepts in DO-18-
247 and DO-18-254 show significantly higher grades than adjacent holes, indicating that grade may increase with depth in this
area.
DO-18-247 cut several mineralized zones,
including
21.0m of 3.49 g/t Au
,
including
6.0m of 9.32 g/t Au,
both
uncapped (see Figure 2A).
DO-18-254 cut 27.5m of 1.25 g/t Au,
including 2.1m of 5.36 g/t Au (see
Figure 2B)
DO-18-244 cut several mineralized zones,
including
7m of 2.06 g/t Au
and
three others over 1 g/t Au (see Figure 2C)
In addition to the highlights mentioned above, several other drill-holes confirmed lateral and vertical continuity of mineralization
(see
Table 1: Highlighted Drill-Results from
the
Ea
stern Portion of the Porphyry Zone
appended to this press
release
).
Maple Gold's President and CEO, Matthew Hornor, stated:
"
We continue to intersect new zones of mineralization and
given th
e widely spaced drilling in this
eastern part of the Resource Area there is still good potential to make additional
discoveries with further drilling."
DO-18-247
(Figure 1 and 2A)
confirmed the down
-
dip extension of the mineralized zones cut in
historical hole
DO-11-
72 collared 260m to the north, with a significantly higher grade intercept
in the 2018 hole as compared to historical holes.
Compared to the existing block model, DO-18-247 will improve block grades, and should allow the conceptual pit to extend to
greater depth. Similarly,
DO-18-254 confirmed the lateral continuity of the same interpreted mineralized zone, again
with higher than expected grades
. The up-dip extension of this zone will require additional drilling.
The
DO-18-254
intercept
of
27.5m
averaging
1.2
5
g/t Au intercept
is part of a broader
and lower grade envelope of
6
1.5
m
averaging
0.76 g/t
Au
.
Fig. 1
: Drill plan for eastern part of Porphyry Zone. New mineralized zone shown in pink is interpreted as drill spacing is still
relatively broad in this area. Further drilling will be required to confirm and possibly extend this mineralization. Intercept average
grades rounded to single decimal place for presentation purposes
To view an enhanced version of Figure 1, Please visit:
http://orders.newsfilecorp.com/files/3077/35775_a1531105760827_42.jpg
Drill-hole DO-18-244 was collared 325m to the NE of DO-18-247, and was an infill hole that confirmed continuity of
mineralization between older holes. In addition, the hole also
cut 4 separate high
-
grade zones outside
the
northern
limits
of the current blocks
that are interpreted to be new zones. The nearest drill-holes testing these structures occur 141m to the
west. This eastern portion of the Porphyry Zone is a geologically more complex part of the deposit. Syenite is less abundant in
this area as compared to the western part of the Porphyry Zone (see Figure 2: A, B & C).
Click the following link to view Figure 2C along with larger high-resolution images for Figure 2A and 2B:
https://www.maplegoldmines.com/index.php/en/?option=com_content&view=article&layout=edit&id=274
.
See Figure 3A and 3B below to view drill-core photographs for DO-18-247 and DO-18-254.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3077/35775_Maple2.jpg
Click the following link to view larger drill-core photographs and image for DO-18-244:
https://www.maplegoldmines.com/index.php/en/?option=com_content&view=article&layout=edit&id=275
Table 1: Highlighted 2018 Drill Results to-date from
Eastern
Portion of
the Porphyry Zone
(D
rill-holes shaded grey
correspond to cross sections
)
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.
Parts of the broader intervals will not necessarily form part of an updated resource
estimate.
To view an enhanced version of Table 1, please visit:
http://orders.newsfilecorp.com/files/3077/35775_a1531105762139_56.jpg
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.