Maple Gold Summarizes Winter Drilling at the Nika Zone
Maple Gold Summarizes Winter Drilling at the Nika Zone
Montreal, Quebec--(Newsfile Corp. - June 4, 2020) -
Maple Gold Mines Ltd.
(TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G
)
("
Maple Gold
" or the "
Company
") is pleased to report further assay results from its 2020 winter drilling campaign at the Douay
Project, following positive drill results reported previously for 531, NW and Western Porphyry Zones, as well as significant IP
anomalies in the 531 Zone, Main Zone and NE Vezza-style target areas. Drilling at the Nika Zone included four planned drillholes
(see Fig 1). Highlights from the Nika Zone drilling are summarized below:
➢
DO-20-279 intersected 0.95 g/t Au over 6m within a broader interval of 0.50 g/t Au over 26m starting from only
64m downhole
, including
several additional narrow shallow intercepts of greater than 1 g/t Au between 110 and 136m
downhole
➢
DO-20-275 intersected multiple intervals of >1 g/t Au starting at 110m downhole, including 2.55g/t Au, 1.26 g/t Au
and 5.30 g/t Au
, all over 1m each, as well as 0.61 g/t Au over 10m near the end of the hole.
➢
DO-20-282
, planned to about 400m depth, had to be abandoned at only 120m as a result of the COVID-19 related work
stoppage; it
cut 2m of 1.40 g/t Au from 101m downhole and ended in mineralization
Maple Gold's VP, Exploration, Fred Speidel, commented:
"The Nika Zone, with new resources added in the 2019 resource
estimation update (RPA 2019), remains relatively sparsely drilled with significant remaining exploration potential. Unfortunately,
due to ground conditions and to the untimely work stoppage related to COVID-19, only two of the four holes drilled in this area
achieved their planned depth. Given those limitations, we are encouraged to have intersected a mineralized zone starting from
only 64m downhole in DO-20-279, cut grades up to 5.30 g/t Au in DO-20-275 and have our last drillhole (DO-20-282) bottom in
mineralization before the local shutdown took place."
Fig. 1:
Drill plan for Nika Zone on total field tilt aeromagnetic base. Note close association between magnetic units and gold
mineralization, and gaps in drilling along this unit to the ESE and also to W as shown with the white ellipses.
To view an enhanced version of Fig 1, please visit:
https://orders.newsfilecorp.com/files/3077/57248_f94ded81042c5959_001full.jpg
Fig. 2:
Selected core from interval 180-181m in DO-20-275, which averaged 5.3 g/t Au. Note strongly fractured, weakly
hematitic fine-grained syenite with disseminated and patchy pyrite mineralization. NQ core, 47.6mm diameter. Note that this
core is not necessarily representative of all Douay mineralization.
To view an enhanced version of Fig 2, please visit:
https://orders.newsfilecorp.com/files/3077/57248_f94ded81042c5959_002full.jpg
One of the Company's primary objectives within the known resource areas is defining additional near-surface higher grade
mineralization, such as exists at Douay West and the western portion of the Porphyry Zone (final assays pending). The Company
will continue to target other areas that may have such potential, such as at the NW Zone (see press release May 6, 2020) and,
possibly, in the intervening Nika Area. Winter 2020 drill results at Nika did cut several broader zones of lower grade halo
material within which several narrow higher grade intervals were found, but defining larger concentrations of higher grade near
surface gold mineralization has proved challenging so far since the 2018 discovery hole in this area. Significant drilling gaps still
exist (Fig. 1) so potential exists to discover more higher grade material in this area, by analogy with the geologically similar and
nearby western portion of the Porphyry Zone (see press release May 27, 2020).
Table 1: Summary of 2020 Assay Results for the Nika Zone
Hole
UTME
UTMN
Azimuth
Plunge
Length
(m)
From
To
Interval
Au g/t
DO-20-279
705302
5491610
1.9
-47
285
64
90
26
0.50
including
73
79
6
0.95
DO-20-279
110
112
2
1.03
DO-20-279
128
129
1
1.38
DO-20-279
135
136
1
1.14
DO-20-275
705185
5491595
358.5
-51.5
348
110
111
1
2.55
DO-20-275
124
125
1
1.26
DO-20-275
180
181
1
5.30
DO-20-275
236
240
4
0.75
including
238
239
1
1.16
DO-20-275
288
298
10
0.61
DO-20-282
705266
5491560
357.7
-59.2
120
96
103
7
0.59
including
101
103
2
1.40
DO-20-282
115
120
5
0.45
DO-20-274
704640
5491700
360
-55
174
Abandoned
Notes:
All lengths are downhole, true widths are approximately 90% of downhole lengths.
Additional assay results remain outstanding for 2020 drilling in the Porphyry Zone.
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; drillhole 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 Val d'Or,
QC, 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:
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.
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