Mr. B. Matthew Hornor reports
MAPLE GOLD INTERSECTS SEVERAL MINERALIZED ZONES AND EXTENDS MINERALIZATION AT DEPTH IN WEST-CENTRAL RESOURCE AREA
Maple Gold Mines Ltd. has provided additional drill results from the western half of the porphyry zone within the current resource area at the Douay property. Within this area a total of eight infill and stepout holes were drilled in 2018, with assays pending for the westernmost hole of these only. Both geological observations and assay results for these new holes show good continuity of mineralization in this area, with several higher grade intervals, within a syenite dike or dike swarm in the hangingwall of one of the Casa Berardi faults.
- DO-18-229 cut several mineralized zones, including 12.0 metres of 1.90 grams per tonne Au, 8.5 m of 3.80 g/t Au (uncapped) and 5.5 m of 1.94 g/t Au, all of which form part of a broader envelope of lower-grade halo mineralization which extends to surface in historical hole D-92-07.
- DO-18-234 cut several mineralized zones, including an upper zone in basalt with 7.0 m grading 1.47 g/t Au and a lower zone in syenite with 27.9 m grading 0.66 g/t Au. The latter extends to surface in historical hole DO-05-02.
- DO-18-230 also cut multiple mineralized zones, including an upper zone in basalt with 4.8 m grading 1.25 g/t Au and a lower zone in syenite with 24.0 m grading 0.75 g/t Au, including 7.0 m grading 1.17 g/t Au. These zones also extend to surface in holes DO-12-97 and 70586-0, respectively.
In addition to the highlights mentioned above, several other drill holes successfully confirmed both lateral and vertical continuity of mineralization (see attached table "Highlighted drill results to date from the Western portion of the porphyry zone").
Maple Gold's president and chief executive officer, Matthew Hornor, stated: "Infill and stepout drilling has successfully confirmed down-dip extensions of existing mineralized zones in the main porphyry zone. Further drill results are expected in the coming weeks from the Nika zone, the eastern half of the porphyry zone and also from new greenfields drilling to the northeast and northwest of the resource area."
HIGHLIGHTED 2018 DRILL RESULTS TO-DATE FROM WESTERN
PORTION OF THE PORPHYRY ZONE
(newly reported drill holes: 229, 234, 230, 221, 240)
Hole From To Interval Au ppm
DO-18-229 310.8 311.8 1 1.02
DO-18-229 390 402 12 1.9
DO-18-229 409.5 418 8.5 3.8
including 409.5 410.2 0.7 36.5
including 415 416 1 4.79
DO-18-229 440 445.5 5.5 1.94
DO-18-229 460.6 462 1.4 0.59
DO-18-234 262.9 269.9 7 1.47
including 262.9 266 3.1 2.94
DO-18-234 286.5 287.5 1 1.38
DO-18-234 509.1 537 27.9 0.66
including 509.1 511 1.9 2.96
including 533 536 3 1.34
DO-18-234 557 563.9 6.9 0.62
including 561 563.9 2.9 1.02
DO-18-230 174.2 179 4.8 1.25
DO-18-230 368 369 1 17.65
DO-18-230 374 376 2 1.94
DO-18-230 388 412 24 0.75
including 389 396 7 1.17
DO-18-230 432 434 2 1.45
DO-18-230 445.4 452 6.8 0.67
DO-18-230 449 450 1 1.04
DO-18-221 453 453.9 0.9 0.88
DO-18-221 505 508.6 3.6 0.58
DO-18-221 580 586 6 0.85
including 583 584 1 3.54
DO-18-221 596 597 1 1.22
DO-18-221 612 613 1 2.09
DO-18-221 721.5 722.5 1 2.58
DO-18-240 134 135 1 1.53
DO-18-240 144 148 4 1.21
DO-18-248
DO-18-203 198.4 199.3 1 4.37
DO-18-203 439 442 3 1.17
DO-18-203 614 633 19 0.88
including 625 626 1 4.13
including 632 633 1 8.21
DO-18-216 441 493 52 3.53
including 460 481 21 7.87
including 471 472.5 1.5 86.19
including 507 508 1 1.05
Intervals given are all down-the hole lengths, which
are estimated to be approximately 90 per cent of
true width. All assays were performed by ALS
Laboratories by AU-ICP21, for example, 30-gram fire
assay with ICP finish with any overlimits (over 10
g/t Au) redone by AU-GRA21, for example, gravimetric
analysis of 30 g sample weight. Nominal cut-off to
obtain intercepts is 0.25 g/t Au, but depending on
grade distribution effective cut-offs can be somewhat
higher or lower. All intercepts are uncapped, those
identified with (*) include samples with overlimits
(over 10 g/t Au); which may be subject to grade
capping during future resource estimation.
Two thousand eighteen drilling in the western half of the porphyry zone shows a broad (90- to 130-metre true width) halo of gold mineralization, extending several hundred metres along strike and mainly hosted in syenites within which higher grade (over one g/t Au) intervals are found. In some cases the lower portion of the halo has the best grades (for example DO-18-229 shown in Figure 2A, as shown on-line), in others the upper portion (DO-18-230 shown in Figure 2C, available on-line). Narrow high-grade structures are also found in basaltic wall rocks.
Qualified person
The scientific and technical data contained in this press release were reviewed and prepared under the supervision of Fred Speidel, MSc, PGeo, vice-president of exploration, of Maple Gold. Mr. Speidel is a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration information disclosed in this news release through his direct participation in the work.
Quality assurance (QA) and quality control (QC)
Maple Gold implements strict quality assurance (QA) and quality control (QC) protocols at Douay covering the planning and placing of drill holes in the field; drilling and retrieving the NQ-sized drill core; drill hole surveying; core transport to the Douay camp; core logging by qualified personnel; sampling and bagging of core for analysis; transport of core from site to the analytical laboratory; sample preparation for assaying; and analysis, recording and final statistical vetting of results. For a complete description of protocols, please visit the company's QA/QC page on the company's website.
About Maple Gold Mines Ltd.
Maple Gold is an advanced gold exploration company focused on defining a district-scale gold project in one of the world's premier mining jurisdictions. The company's 377-square-kilometre Douay gold project is located along the Casa Berardi deformation zone within the prolific Abitibi greenstone belt in Northern Quebec, Canada. The project has an established gold resource (1) that remains open in multiple directions, with excellent infrastructure and several large-scale operating mines within this prolific mining district. Maple Gold has now completed a significant winter drill campaign to expand on the known resource areas and test new discovery targets within the company's 55 km of strike along the Casa Berardi deformation zone.
(1) (Micon 2018) Four hundred seventy-nine thousand ounces at 1.59 g/t Au (indicated category) and 2,759,000 ounces at 1.02 g/t Au (inferred category), using a 0.45 g/t Au cut-off grade.
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