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Maple Gold Mines Ltd.
Summary
| Project: | Douay | |
|---|---|---|
| Deposit: | Porphyry Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-5-2018: Maple Gold Mines Ltd. announces an Exploration/Drilling Update report for its Porphyry Zone deposit at the Douay project. Drill results incl. 158.2m @ 1.25g/t Au from 334.8m. May 2, 2018 – Montreal (Quebec): Maple Gold Mines Ltd. (“Maple Gold” o | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Fried Speidel (Internal) | |
| ABSTRACT: | May 2, 2018 – Montreal (Quebec): Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-V: MGM, OTCQB: MGMLF; Frankfurt: M3G) is pleased report additional drill results from the current winter drilling campaign at the Douay Gold Project. DO-18-216 intersected 52m grading 3.53 g/t Au (uncut), within a broader, 158.2m interval grading 1.25 g/t Au (uncut) from 335m downhole (estimated vertical depth of ~220m) within the south-central part of the Porphyry Zone. Maple Gold’s President and CEO, Matthew Hornor, stated: “This interval appears to represent one of the 5 th best intervals in the entire 760+ drill-hole database and the best intercept reported from the Porphyry Zone to-date.” Hornor added, “We are very pleased to receive such a positive result with only a fraction (~25%) of the assays received to-date, and one that indicates this particular zone widens and may extend beyond the currently-defined zone with higher grades.” DO-18-216 was planned to test the lateral continuity of gold mineralization in an area of the Porphyry Zone with both a cluster of relatively high-grade intersections and associated broad haloes of slightly lower grade mineralization. The assay results support the Company’s concept of multiple higher-grade zones or shoots within the Porphyry Zone (Figure 1), demonstrate the continuity of this style of mineralization in the central part of the Porphyry Zone, and open the possibility of increasing grades with depth. In three dimensions, the DO-18-216 intersection is separated by approximately 60m from those in adjacent holes (DO-17-158 and DO-11-44) and appears to extend and widen this mineralized zone, which remains open. In addition, historical drilling to the east of this high grade, thick intersection is relatively broadly spaced and additional drilling for resource definition is warranted. | |
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