Maple Gold Reports Additional Drill Results from the Porphyry Zone
Maple Gold Reports Additional Drill Results from the
Porphyry Zone
Montreal, Quebec--(Newsfile Corp. - June 27, 2019) -
Maple Gold Mines Ltd.
(
TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G
)
("
Maple
Gold
" or the "
Company
") is pleased to report additional results within the Porphyry Zone from its 6,045 metre winter 2019
drilling campaign. The Company drilled a total of eight (8) holes (3,120m) within the Porphyry Zone, with all eight holes
intersecting gold mineralisation. Targets in the Porphyry Zone were selected with the aim of extending known zones with higher
than deposit-average grades, both near-surface and at moderate depths. New assay results are highlighted below, using a 0.25
g/t Au cut-off grade (see Table 1):
DO-19-264
cut
27m averaging 1.03 g/t Au,
including
14m averaging 1.56 g/t Au,
both
from 488m downhole
(approximately 300m vertical)
.
This new intercept is found within a significantly broader (60m) halo
of variable and lower
grade Au mineralisation.
DO-19-263
cut
8.7m averaging 1.14 g/t Au
from 273m downhole (approximately 200m vertical), including
6m of 1.45 g/t
Au,
which tested the up-dip extension of an area drilled during 2018.
DO-19-265
cut
13m averaging 1.04 g/t Au
from 66m downhole or about 40m vertically
(from top of
bedrock),
including
9m averaging 1.36 g/t Au
, confirming the presence of near-surface higher than deposit-average grades in this area.
DO-19-267
cut
multiple intercepts,
including
7m averaging 1.49 g/t Au
from 145m downhole (approximately 130m
vertical), confirming up-dip continuity of a 2018 drill intercept
DO-19-268
cut multiple intercepts over 1 g/t Au, including
1m averaging 9.89 g/t Au
from 269m downhole (approximately
215m vertical),
within a 5.5m interval with variable grade averaging 2.33 g/t
Au
.
This hole ended in mineralisation
.
The new highlighted intercepts reported above build upon the previously announced 2019 results from the Porphyry Zone, which
included DO-19-258 with 19m averaging 2.46 g/t Au (DO-19-258) within a broader interval of 41m averaging 1.41 g/t Au and
DO-19-256 with multiple near-surface intercepts including 16m averaging 1.57 g/t Au (see press release May 29, 2019).
Maple Gold's VP, Exploration, Fred Speidel, commented:
"We are pleased with the results to-date from our focused 6,045
metre drill campaign, as we have consistently intersected and extended gold zones within the resource area. These new
Porphyry Zone results will continue to help guide our down-dip / down-plunge targeting of higher grade mineralisation going
forward."
Figure 1 (below) illustrates the spatial distribution of the 2019 drill-holes within the Porphyry Zone, with corresponding assay
results presented in table 1 below.
Fig. 1: Drill plan with 2019 Porphyry and 531 Zone drill-holes on residual total field magnetic background image.
To view an enhanced version of Fig. 1, please visit:
https://orders.newsfilecorp.com/files/3077/45942_2ca199ee24df599c_001full.jpg
Fig. 2: Section 706650E with ±50m corridor; mineralised zone uses 0.1 g/t cut-off. DO-18-216 is off section.
To view an enhanced version of Fig. 2, please visit:
https://orders.newsfilecorp.com/files/3077/45942_2ca199ee24df599c_002full.jpg
Hole DO-19-264 was originally designed to test the depth continuity of a very strong 2018 intercept in DO-18-216 (52m
averaging 3.53 g/t Au, or 1.46 g/t Au capped at 13 g/t). However, the 2019 hole deviated more than expected, with the above-
mentioned holes ending approximately 150m apart in an EW direction down-hole. Therefore, the depth continuity was not
adequately tested as planned. However, results from DO-19-264 still support the down-dip continuity of the broader
mineralisation envelope and the presence of higher grade mineralisation within it. The Company will continue testing the down-
plunge continuity of these higher grade zones or shoots in a subsequent drilling campaign.
Table 1: Highlighted 2019 Drill Intercepts from the Porphyry Zone and Exploration Area (10 holes in total)
To view an enhanced version of this Table 1, please visit:
https://orders.newsfilecorp.com/files/3077/45942_2ca199ee24df599c_003full.jpg
*Denotes new assays results (DO-19-256, DO-19-258 and DO-19-260 were first reported on May 29, 2019). All intervals are
downhole lengths, with true estimated width varying from approximately 70-90% depending on the hole and mineralised zone
orientation. Capping in the Porphyry Zone is done at 13 g/t Au per Micon (2018). Cut-off used for broader intercepts is 0.25 g/t
Au. **Denotes two greenfield exploration drill-holes (see text below).
The Company also drilled two greenfield exploration holes (DO-19-259 and -261) more than 1km south of the Porphryry Zone.
These two drill holes were targeting potential new gold zones in an area that had previously yielded multiple narrow intercepts
from 1-17 g/t Au.
A single zone gave 1.05 g/t Au over 1.8m in one of the holes, with anomalous Zn also indicative of base metal
potential in this general area.
Additional figures and core images corresponding to the drill-holes reported in this press release will be posted to the
Company's website shortly.
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
3
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
VP, Corporate Development
Cell: 778.686.6836
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 mineralisation 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. 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.
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