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Maple Gold Mines Ltd.
Summary
| Project: | Douay | |
|---|---|---|
| Deposit: | Nika | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-7-2019: Maple Gold Mines Ltd. announces an Exploration/Drilling Update report for its Nika deposit at the Douay project. Drilling results incl. 42.5m @ 1.75g/t Au from 465.0m. Montreal, Quebec--(Newsfile Corp. - July 10, 2019) - Maple Gold Mines Ltd. ( | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Fred Speidel (Internal) | |
| ABSTRACT: | Montreal, Quebec--(Newsfile Corp. - July 10, 2019) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("MapleGold" or the "Company") is pleased to report assay results from the four (4) drill-holes completed at the Nika Zone during this winter's campaign. These drill-holes build upon last year's 50m @ 1.77 g/t Au intercept in DO-18-218 (see press release of May 14, 2018) that helped establish a new zone of mineralisation not included in past resource estimates. This year's drilling included two aggressive (200 metre) step-out holes to test for further mineralisation up-dip and down-dip from last year's new discovery, a third hole to test the western continuity of the same discovery, and finally the deepening of a 2012 drill-hole (DO-12- 105) approximately 250m to the west, which had ended in mineralisation with 21.1 g/t Au over the final 1.5 metres. Maple Gold successfully deepened DO-12-105 (as DO-19-105X) by 114m, with the combined 2012 and 2019 intercept returning 42.5maveraging 1.75 g/t Au (uncapped) from approximately 320m vertical depth (465m downhole), including 8m averaging 2.86 g/t Au. Results from this hole should contribute additional ounces for the Nika Zone, as there is currently no conceptual pit in this area. This intercept, with its mixed style of mineralisation (syenite-basalt-alkaline gabbro-carbonatite), is interpreted to represent the western edge of the Nika Zone (see Figure 1), centered on DO-18-218, where mineralisation is largely syenite-hosted and geologically most similar to the Porphyry Zone. | |
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