Maple Gold Outlines Additional Mineralization from Step- Out Drilling at Nika and NW Zones
Maple Gold Outlines Additional Mineralization from Step-
Out Drilling at Nika and NW Zones
Montreal, Quebec--(Newsfile Corp. - June 11, 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 Nika and NW Zones located in the
northwestern portion of the current Resource Area.
In the Nika Zone area, hole DO-18-227 cut 5m of 2.32 g/t Au from 101m downhole (estimated vertical depth of 90m, estimated
true width of about 4.5m), on the SE edge of an existing Micon (2018) resource area. This is a new syenite-hosted zone located
about 130m south of, and parallel to, the main mineralized zone in the satellite conceptual pit (Micon 2018) located just to the
west of the new Nika Zones (Fig. 1). This therefore represents additional mineralization that could contribute a modest increase
to the existing resource base.
In the NW Zone area, DO-18-223, a step-out hole collared about 270m to the west of the NW Zone conceptual pit, returned 3.0m
of 1.58 g/t Au from 99m downhole (estimated 78m vertical depth, estimated true width of about 2.7m). This is a new volcanic-
hosted zone located about 150m north of, and parallel to, the northernmost existing mineralized zone and corresponding
wireframe, which could also contribute a modest increase to the existing resource base. This intercept is located approximately
270m west of historical hole 4140-94-05, that cut 1.32 g/t Au over 5.6m from the same depth. Given spacing of about 300m
between existing drill-holes east of DO-18-223, additional drilling will be required, not only to test for continuity of mineralization,
but also to test for possible structural intersections that may result in broadening of mineralized zones as noted in the recently
discovered
Nika Zones some 800m to the SE (
see Fig. 1
).
Within the general Nika and NW Zones area, assays are only pending for drill-hole DO-18-245 (NW Zone step-out) and hole DO-
18-241 (Nika Zone); the latter could confirm the SE continuity of the significant mineralization (50m of 1.77 g/t Au, uncut), as
outlined in DO-18-218 (see press release dated May 14, 2018). See all highlighted drill results to-date from the Nika and NW
Zones in the summary table appended to this press release.
Maple Gold's President and CEO, Matthew Hornor, stated:
"
We
have now intersected multiple new mineralized zones
between existing resource
areas, as well as beyond them in the northwestern portion of the general Resource Area. These
new mineralized zones at Nika and the NW Zone project up-dip to surface and also remain open along strike."
Figure
1: Drill plan for NW and Nika zones: Both new intercepts being reported represent new zones. White lines represent
2018 drill-hole traces. Note pinching and swelling in part of Nika Zones (yellow polygons), and in several of the wireframes (latter
defined at 0.1g/t Au cut-off).
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5911/35175_a1528679690058_9a.jpg
The spatial distribution of new mineralized zones, shown in pale yellow in Fig. 1 above, indicates that not only are gaps starting
to be filled in between existing resource areas, but additional zones are being defined within and beyond them. Additional step-
out drilling will be warranted off the northern edge of the NW Zone as there is very little drilling in that area.
The westernmost mineralized zones in Fig. 2 below, as shown in plan view in Fig. 1, represent completely new zones. All others
on the cross-section, defined in historical drilling, have corresponding wireframes. Note presence of mineralized zones within the
main syenite body, as well as associated with lithological contacts, a common theme at Douay.
Figure 2:
Geological section for DO-18-227. Vertical gridlines are 200m apart, horizontal gridlines 50m.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5911/35175_a1528679690371_87.jpg
Gold mineralization in the Nika Zones is associated with larger syenitic bodies, whereas in the NW Zone to the north,
mineralization tends to be hosted in a mixed volcanics and tuffs, and in particular near lithological contacts. This contrast is also
shown in Fig 3 below.
Fig. 3:
Left, drill-core from DO-18-223, within reported mineralized zone, showing distinctive quartz-sericite-(pyrite) alteration in
tuffs, with dark bands having greater pyrite content. Right, drill-core from DO-18-227, within upper mineralized zone being
reported, with more typical strongly fractured pale pink to red syenite. Core diameter is 47mm.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5911/35175_a1528679690699_87.jpg
Table:
Highlighted
2018 Drill Results to-date from Nika and NW Gap Area
(
new results
marked with asterisk
)
Hole
Easting
Northing
Azimuth
Plunge
Length
From
To
Interval
Au ppm
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
301.0
306.0
5.0
0.50
Including
304.0
305.0
1.0
1.15
DO-18-227
429.5
432.9
3.4
0.80
DO-18-233*
705283
5491808
360
-50
366
165.0
167.0
2.0
0.55
DO-18-236*
704570
5492400
003
-50
351.2
No
assays
over
0.25 g/t
DO-18-218
705200
5491498
360
-45
480
201.0
222.5
21.5
0.54
DO-18-218
297.0
347.0
50.0
1.77
Including
297.0
324.0
27.0
1.38
DO-18-218
342.8
347.0
4.2
8.92
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-18-217
705112
5491600
360
-50
498
147.7
150.0
2.3
1.83
DO-18-217
175.5
178.0
2.6
1.19
DO-18-217
303.0
333.8
30.8
0.81
including
309.0
326.0
17.0
1.08
DO-18-217
333.0
333.8
0.8
1.64
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-18-212
704892
5491799
360
-60
296.2
28.7
42.0
13.3
0.43
including
33.0
34.3
1.3
1.25
including
37.0
38.0
1.0
1.07
DO-18-212
125.6
130.0
4.5
0.67
including
127.1
127.9
0.9
1.15
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)
re
done 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.
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 370 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 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
.