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Maple Gold Mines Ltd.
Summary
| Project: | Douay | |
|---|---|---|
| Deposit: | Douay | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/24/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-10-2019: Maple Gold Mines Ltd. announces a Resource Estimation report for its Douay deposit at the Douay project. Updated mineral resource estimate at project. Montreal, Quebec--(Newsfile Corp. - October 24, 2019) - Maple Gold Mines Ltd. (TSXV: MGM) (O | |
| Resources: | (Resource): 8.6Mt @ 1.52g/t Au (Ind.) and 71.2Mt @ 1.03g/t Au (Inf.) | |
| CP/QP: | [Resources]: Dorota El Rassi (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Montreal, Quebec--(Newsfile Corp. - October 24, 2019) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to report a new Mineral Resource estimate for the Company's DouayGold Project, as prepared by Roscoe Postle Associates Inc. ("RPA"). In addition to new drill data from the winter 2018 and 2019 campaigns, the new estimate integrates the Company's new 3D geological and structural model to better constrain gold mineralisation. At cut-off grades of 0.45 g/t Au for open pit resources and 1.0 g/t Au for underground resources, the Douay deposit is estimated to contain Indicated Mineral Resources of 8.6 million tonnes at an average grade of 1.52 g/t Au, and Inferred Mineral Resources of 71.2 million tonnes at an average grade of 1.03 g/t Au (see Table 1; Figs. 1, 2). The estimate includes several conservative adjustments with the aim of delivering a new resource estimate that will focus infill and step-out drilling to optimise existing resources and advance the deposit toward the economic study stage. | |
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