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Maple Gold Mines Ltd.
Summary
| Project: | Douay | |
|---|---|---|
| Deposit: | Nika | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-7-2018: Maple Gold Mines Ltd. announces an Exploration/Drilling Update report for its Nika deposit at the Douay project. Drilling results incl. 50.0m @ 1.77g/t Au from 297.0m. Montreal, Quebec--(Newsfile Corp. - July 26, 2018) - Maple Gold Mines Ltd. ( | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Fried Speidel (Internal) | |
| ABSTRACT: | Montreal, Quebec--(Newsfile Corp. - July 26, 2018) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to report the final drill results from the NW Gap Area, i.e. the area between the NW, Douay West and Porphyry Zones, which includes the new Nika Zones. There were a select number of historical drill-holes drilled in the NW Gap Area from 2011 to 2017 inclusive by Aurvista Gold (now Maple Gold Mines), but due to the limited drill density, this area represented a high-priority target for new discoveries and potential extensions of existing zones outside the currently established conceptual pits (Micon 2018). Within this area (see Figure 1) a total of twelve (12) holes were drilled in 2018, with the majority spaced from 100 up to 300 metres from the nearest pre-existing drill collar. Assay results have been received for the final drill hole (DO-18-241) from the Nika Zones, which tested the eastern limit of the recently defined mineralization in the heart of the NW Gap Area. This drill-hole confirmed the eastern continuity of gold mineralization fromDO-18-218 (50m of 1.77 g/t Au — see press release May 14, 2018), and cut eight narrow mineralized zones averaging greater than 1 g/t Au. The mineralized zones start from a downhole depth of 148m (estimated vertical depth of 130m), including 12mof 1.78 g/t Au uncapped (two adjacent zones combined), 3.6mof 1.12 g/t Au and 1.0mof 6.72 g/t Au, see Table 1 and Figure 2A. The above-mentioned intercepts in DO-18-241 included four new higher grade (>2 g/t Au) samples forming part of the Nika cluster (see Figure 1), all of which are outside existing conceptual pits and wireframes and therefore represent potential additions to the existing resource base. Maple Gold's President and CEO, Matthew Hornor, stated: "When we started designing our 2018 drill program, we encouraged our technical group to take some chances with greenfield drilling and aggressive step-out drilling beyond known zones in the general resource area. Following this approach has resulted in the definition of newzones in the NW Gap Area and gives us confidence that the potential for additional newdiscoveries at Douay remains excellent. Greenfield drilling results are expected in the coming weeks. | |
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