Mr. Ronald Shorr reports
MAUDORE REPORTS AN EXCEPTIONAL INTERCEPT OF 673.0 G/T GOLD (GREATER THAN 19 OZ/T) OVER 0.5M FROM THE POTENTIAL EASTERN EXTENSION OF THE COMPANY'S RESOURCE
Maudore Minerals Ltd. has released drill results including an exceptional intercept of 673.0 grams per tonne (g/t) gold (greater than 19 ounces per ton) over 0.5 metre obtained outside the Osbell resource area. Maudore is also pleased to report several other new significant results from continuing exploration and drilling on the Comtois property located in Lebel-sur-Quevillon, north of Val d'Or, Que., Canada. Chief executive officer Ron Shorr said: "These positive drilling results follow Maudore's Oct. 26 press release which discussed numerous strategies to enhance shareholder value; one drilling strategy was to extend the known 1.8-kilometre Osbell strike length. These results go a long way toward fulfilling that goal. The 673 g/t intercept is our second best ever, and is not even within our resource area."
Comtois exploration -- outside resource area
Eastern extension
Exploration drilling has led to an exceptional drill intercept of:
- 673.0 g/t gold (over 19 ounces per ton) over 0.5 metre (COM-11-795), from 271.5 to
272.0 metres depth, included within 153.2 g/t gold over 2.2 metres (core length, but
with an estimated true width of about 1.75 metres).
In drill hole COM-11-795, mineralization (disseminated sulphides and visible gold) is hosted within altered mafic volcanic rock with similar characteristics to known mineralized mafic rocks in the Osbell resource area. Mr. Shorr, Maudore's chief executive officer, noted that, "This is a phenomenal start to our efforts to expand the resource laterally; we anxiously await confirmation from other drill holes in this area."
This new high-grade intercept is located on the potential eastern extension trend of the Osbell resource, approximately 285 metres south of Camten. Drill hole COM-11-795 was following up results of anomalous gold values obtained in the same sequence of altered and mineralized volcanic rocks located 100 metres apart (3.7 g/t gold over 0.5 metre included within a broader zone of 0.7 g/t gold over 5.5 metres; COM-11-716). Many assays are still pending from this area.
The potential eastern extension trend goes from the current eastern end of the Osbell resource area and reaches the Greer showing (3.9 g/t gold over two metres: COM-97-26), located two kilometres south-southwest from Osbell.
Western extension
While it is too early to report on holes in progress in the potential western extension, this trend was already known for its volcanogenic massive sulphides (VMS) occurrences such as: prior VMS intercepts of 6.1 metres (COM-10-554) and 16.1 metres (COM-10-415) and anomalous base metals values of 5.7 per cent zinc and 1.4 per cent lead (COM-09-262). This area, adjacent to the resource was previously identified as a prime target area for potential gold-bearing VMS (refer to National Instrument 43-101 technical report filed on SEDAR).
Results from drilling on the potential western extension indicate the possible gold potential of the western extension trend as far as 2.1 kilometres north of the Osbell resource area, where 1.6 g/t gold over 0.5 metre (COM-11-730) was just recently obtained within a broader sequence of altered and mineralized felsic volcanic rock.
Also, sphalerite veining intercepts 500 metres farther north in another recent drill hole COM-11-751 (14.2 per cent zinc over 0.5 metre included within 6.8 per cent zinc over two metres) which is similar to mineralization at the eastern end of the Osbell resource area (for instance, Camten area). In the Camten area, zinc values have reached 12.5 per cent zinc over 1.5 metres (as in last year's hole COM-10-558).
While zinc, in itself, is of little interest to Maudore, its appearance as an element in these drill holes reinforce potential for gold-bearing VMS mineralization, a similar geological setting to the Doyon-Bousquet-LaRonde area.
Comtois -- Osbell resource area
The Osbell resource area continues to provide high-grade intercepts and broad mineralized intervals over the entire Osbell trend.
Drill results greater than 15 g/t gold
- 59.7 g/t gold over one metre and 85.1 g/t gold over 0.8 metre, from 137.7 to
139.5 metres (near surface), included within 7.8 g/t gold over 20.9 metres (Midway
area, Section 1975 E);
- 38.8 g/t gold over 0.8 metre, 57.9 g/t gold over 0.6 metre, 15.7 g/t gold over
0.9 metre and 40.4 g/t gold over one metre (COM-11-679), from 200.1 to 203.4 metres,
included within 16.2 g/t gold over 7.9 metres (Osborne area, Section 2175 E);
- 34.0 g/t gold over 0.7 metre (COM-11-688), from 44.3 to 45.0 metres (at surface),
included within 11.0 g/t gold over 2.2 metres (Osborne area, Section 2225 E);
- 18.4 g/t gold over 1.5 metres (COM-11-652), from 24.0 to 25.5 metres (at surface),
included within 7.1 g/t gold over 4.5 metres (Midway area, Section 1900 E);
- 17.7 g/t gold over 0.5 metre (COM-11-662), from 93.8 to 95.2 metres (near surface),
included within 6.4 g/t gold over 1.4 metres (Midway area, Section 1950 E).
New broad mineralized intervals (greater than five metres)
Broad mineralized intervals (greater than five metres) were also obtained, with some including the new high-grade drilling results as well as lower-grade intercepts making broader zones close to the surface in the Bell area:
- 7.8 g/t gold over 20.9 metres (COM-11-653), from 122.8 to 143.7 metres (near
surface), west of Osborne, Section 1975 E;
- 3.2 g/t gold over 12.0 metres (COM-11-652), from 16.5 to 28.5 metres (at surface),
Midway area, Section 1900 E;
- Two g/t gold over 12.0 metres (COM-11-652), from 135.0 to 147.0 metres (near
surface), Midway area, Section 1900 E;
- 1.7 g/t gold over 27.0 metres (COM-11-726), from 106.5 to 133.5 metres (near
surface), Bell area, Section 1275 E.
Note:
Gold grades (g/t Au) are expressed uncut and over core length. In most cases, core length and true width are close to being the same given the dip of the drill hole and the strike and dip of the mineralized zone. Estimated true widths are in the range of 80 per cent of the core length. Values were rounded at one decimal point.
Continuing drilling program
Four drill rigs have been active on Maudore's properties. One rig remains on the Osbell resource area developing potential new ounces at depth while others are currently drilling adjacent potential areas surrounding the Osbell resource area (for instance, potential eastern and western extensions), and at times will be working on the exploration properties far to the west of the resource.
Quality assurance and quality control (QA/QC)
Maudore's exploration program is supervised by Alain Carrier, MSc, PGeo, of InnovExplo Inc., a consulting firm based in Val d'Or, Que. Mr. Carrier is a qualified and independent person as defined under National Instrument 43-101 guidelines. Comtois exploration is conducted under strict QA/QC protocols including mineralized standards, blanks and field duplicates. Half of all sampled core is retained for future reference, and assaying is performed by ALS Chemex laboratories in Val d'Or, Que., and Timmins, Ont. (fire assay with AA finish and gravimetric finish for results above three g/t Au).
The values for the 673.0 g/t gold sample and surrounding samples were obtained by metallic sieve assay protocol (total pulverization, screening, multiple assays and weighted average of the coarser and finer fractions).
New significant drilling results, Comtois project
COMTOIS EXPLORATION -- OUTSIDE RESOURCE AREA
Eastern extension -- potential trend
From To Core Gold High-grade Weighted
Drill hole (m) (m) length (g/t) interval average
COM-11-716 251.0 251.5 0.5 2.8 2.8 g/t Au 0.7 g/t Au
over 0.5 m over 5.5 m
251.5 252.5 1.0 0.0
252.5 253.5 1.0 0.3
253.5 255.0 1.5 0.0
256.0 256.5 0.5 3.7 3.7 g/t over
0.5 m
COM-11-795 270.5 271.5 1.0 0.1 153.2 g/t Au
over 2.2 m
271.5 272.0 0.5 673.0 673.0 g/t Au
over 0.5 m
272.0 272.7 0.7 0.7
Western extension -- potential trend
From To Core Gold High-grade Weighted
Drill hole (m) (m) length (g/t) interval average
COM-11-730 93.9 94.4 0.5 1.6 1.6 g/t Au
over 0.5 m
From To Core Zinc High-grade Weighted
Drill hole (m) (m) length (%) interval average
COM-11-751 244.7 245.3 0.6 1.6 6.8 % Zn
over 2.0 m
245.3 245.8 0.5 14.2 14.2 % Zn
over 0.5 m
245.8 246.3 0.5 3.9
246.3 246.8 0.5 8.8
COMTOIS -- RESOURCE AREA
Bell area
From To Core Gold High-grade Weighted
Drill hole (m) (m) length (g/t) interval average
COM-11-706 194.5 195.0 0.5 14.5 14.5 g/t Au 4.9 g/t Au
over 0.5 m over 1.5 m
195.0 196.0 1.0 0.2
COM-11-714 68.1 69.0 0.9 0.6 4.9 g/t Au
over 1.6 m
69.0 69.7 0.7 10.4 10.4 g/t Au
over 0.7 m
155.2 155.7 0.5 2.8 3.1 g/t Au
over 2.8 m
156.5 157.5 1.0 0.4
157.5 158.0 0.5 13.5 13.5 g/t Au
over 0.5 m
COM-11-726 106.5 108.0 1.5 1.5 1.7 g/t Au
over 27.0 m
108.0 108.6 0.6 1.1
108.6 109.1 0.5 2.6
109.1 109.6 0.5 1.8
109.6 111.0 1.4 2.5
111.0 112.5 1.5 1.8
112.5 114.0 1.5 1.4
114.0 115.5 1.5 1.4
115.5 117.0 1.5 1.6
117.0 117.9 0.9 1.3
117.9 118.8 0.9 1.6
121.9 123.0 1.1 1.0
123.0 124.5 1.5 2.4
124.5 125.8 1.3 2.8
125.8 126.9 1.1 0.8
126.9 128.3 1.4 1.1
130.2 130.8 0.6 7.5 6.9 g/t Au
over 1.8 m
130.8 132.0 1.2 6.5
132.0 133.5 1.5 1.7
COM-11-728 12.0 13.5 1.5 1.6 1.0 g/t Au
over 21.8 m
13.5 15.0 1.5 1.3
15.0 16.2 1.2 1.3
16.2 17.5 1.3 0.7
20.0 20.8 0.8 1.7
20.8 21.7 0.9 2.7
21.7 22.3 0.6 0.9
22.3 22.8 0.5 1.3
22.8 24.0 1.2 0.9
24.0 25.5 1.5 1.4
25.5 27.0 1.5 0.8
27.0 27.7 0.7 0.4
30.6 31.4 0.8 1.4
31.4 32.3 0.9 3.0
32.3 33.8 1.5 1.1
Midway area
From To Core Gold High-grade Weighted
Drill hole (m) (m) length (g/t) interval average
COM-11-652 16.5 17.0 0.5 2.3 3.2 g/t Au
over 12.0 m
17.0 18.0 1.0 0.3
19.1 20.0 0.9 2.1
20.0 21.0 1.0 2.0
21.0 21.7 0.7 1.5
24.0 25.5 1.5 18.4 7.1 g/t Au
over 4.5 m
25.5 27.0 1.5 1.0
27.0 28.5 1.5 1.8
135.0 136.5 1.5 2.7 2.0 g/t Au
over 12.0 m
136.5 137.3 0.8 2.4
137.3 138.0 0.7 2.0
138.0 139.5 1.5 1.5
139.5 141.0 1.5 0.7
141.0 142.5 1.5 1.5
142.5 144.0 1.5 2.8
144.0 145.5 1.5 1.6
145.5 147.0 1.5 2.7
COM-11-686 251.3 252.1 0.8 12.3 12.3 g/t Au 7.5 g/t Au
over 0.8 m over 1.6 m
252.1 252.9 0.8 2.6
261.1 261.8 0.7 2.2 8.0 g/t Au
over 1.5 m
261.8 262.6 0.8 13.0 13.0 g/t Au
over 0.8 m
West of Osborne area
From To Core Gold High-grade Weighted
Drill hole (m) (m) length (g/t) interval average
COM-11-653 122.8 124.0 1.2 4.9 7.8 g/t Au
over 20.9 m
124.0 125.0 1.0 1.0
125.0 126.0 1.0 1.8
126.0 126.9 0.9 0.7
129.0 130.5 1.5 3.0
130.5 131.8 1.3 2.9
132.3 133.2 0.9 2.3
133.7 134.2 0.5 2.9
137.7 138.7 1.0 59.7 31.7 g/t Au
over 4.3 m
138.7 139.5 0.8 85.1
141.1 142.0 0.9 9.7
142.0 142.7 0.7 3.1
142.7 143.2 0.5 3.7
143.2 143.7 0.5 1.5
COM-11-662 93.8 94.3 0.5 17.7 17.7 g/t Au 6.4 g/t Au
over 0.5 m over 1.4 m
94.3 95.2 0.9 0.1
Osborne area
From To Core Gold High-grade Weighted
Drill hole (m) (m) length (g/t) interval average
COM-11-679 196.0 196.5 0.5 1.7 16.2 g/t Au
over 7.9 m
196.5 197.1 0.6 1.4
199.2 200.1 0.9 2.6
200.1 200.9 0.8 38.8 32.5 g/t Au
over 3.8 m
200.9 201.5 0.6 57.9
201.5 202.4 0.9 15.7
202.4 203.4 1.0 40.4
203.4 203.9 0.5 6.8
COM-11-688 44.3 45.0 0.7 34.0 34.0 g/t Au 11.0 gt Au
over 0.7 m over 2.2 m
45.0 46.5 1.5 0.3
COM-11-712 143.0 144.0 1.0 1.5 3.2 g/t Au
over 6.6 m
144.0 145.5 1.5 0.0
145.5 146.6 1.1 11.2 11.2 g/t Au
over 1.1 m
146.6 148.0 1.4 0.1
148.0 149.0 1.0 6.5
149.0 149.6 0.6 1.7
East of Osborne area
From To Core Gold High-grade Weighted
Drill hole (m) (m) length (g/t) interval average
COM-11-707 19.5 21.0 1.5 1.8 4.6 g/t Au
over 4.5 m
21.0 22.5 1.5 10.2 10.2 g/t Au
over 1.5 m
22.5 24.0 1.5 1.9
Notes
Gold grades (g/t Au) are expressed uncut and over core length.
In most cases, core length and true width are close to being the
same given the dip of the drill hole and the strike and dip of the
mineralized zone.
Identification of the mineralized zone is based on a preliminary
interpretation using plan and cross-sectional representations.
Values were rounded at one decimal point.
We seek Safe Harbor.
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