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Maple Gold Mines Ltd.
Summary
| Project: | Douay | |
|---|---|---|
| Deposit: | Nika | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-6-2018: Maple Gold Mines Ltd. announces an Exploration/Drilling Update report for its Nika deposit at the Douay project. Drilling results incl. 5m @ 2.32g/t Au from 101.0m. Montreal, Quebec--(Newsfile Corp. - June 11, 2018) - Maple Gold Mines Ltd. (TSX | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Fried Speidel (Internal) | |
| ABSTRACT: | 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 volcanichosted 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 DO18-241 (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 nowintersected multiple newmineralized zones between existing resource areas, as well as beyond them in the northwestern portion of the general Resource Area. These newmineralized zones at Nika and the NW Zone project up-dip to surface and also remain open along strike." | |
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