Matthew Hornor, President and CEO of Maple Gold, said, “This is an exciting time for the company as we advance our 2022 drilling program with two drilling rigs currently rotating on site as we update test results from multiple sample sets from drillings dated fall fall. 2021 at Douay After extensive construction and study of our 3D model at Eagle (see news October 7, 2021), we look forward to testing new target concepts and completing our first diamond drilling since 2015 along this historic trend for high-quality gold.”
Defining the goal and concept of phased drilling in Eagle
The first phase of drilling at Eagle is designed to expand mineralization beyond mined stops and along sub-target directions that have not been adequately mined or tested, with an initial focus on areas of significant degree and potential size. The proposed first-stage drilling site (see Figure 1) was located along the direction of the previously produced, high-quality Eagle-Telbel mine using the three-dimensional geological and structural model recently completed by the Company.
This first stage of drilling will primarily target a proposed “orientation or satellite imagery” of mineralization northwest of the previously mined portion of the eagle headshot (see figure for the two main sites, satellite imaging sites, and proposed drilling crater penetration points). Production from the Eagle Main Shoot, the success of drilling in this area will help confirm the possibility of extensions close to the mine and develop new target concepts. , which is currently being drilled, is scheduled to take place in 2022 along with successful emergency drilling operations.
The main target area to be tested during Phase I is characterized by two historical calibration periods of 10.2 g/t AU over 10.2 m (hole AE-90-30) and 9.3 g/t AU of 5.2 m (hole 7-29) . The first phase of drilling in this area will begin with testing the concept of a 400m wide target which has little or no historical drilling and therefore represents significant potential in terms of degree and scale.
Extensions of mineralization are also being tested to the northwest of the mine being mined at shallower depths in an area that has historically had limited drilling density but has returned notable intersections near the surface, including 2.6 g/ton Au over 22.9 m in hole AE-90- 7 and 2.8 g/t Au above 17.5 m in hole AE-90-5 which has not been followed up historically.
An additional first phase of work at Eagle will include re-recording of the historic drilling core from 2008-2015, including geochemical and petrophysical properties, as well as a detailed review of current recordings in all areas of interest. The company’s review of historical drilling records and available drilling core revealed that gold mineralization extends beyond the known mine horizon into adjacent stratigraphic units. Thus, the proposed first stage of drilling the holes would extend beyond the main horizon of the mine.
The joint venture is also nearing completion of the Airborne High Resolution Magnetic and Electromagnetic (“Mag-EM”) regional survey in support of exploratory drilling operations on 266 square kilometers of the joint venture’s controlled property (see News of October 19, 2021). The results of the new Mag-EM survey will cover the entire Joutel property, including the direction of the Eagle-Telbel mine, and are expected to provide valuable information that will help the company find targets within interpreted parallel directions north and south of the main area. Mine direction.
qualified person
The scientific and technical data contained in this press release were reviewed and prepared under the supervision of Fred Speidel, MA, P.Geo. , vice president of exploration company Maple Gold. Mr. Speidel is a qualified person as defined in National Instrument 43-101 Mineral Enterprise Disclosure Standards. Mr. Speidel verified the data on exploration information presented in this press release through his direct involvement in the work.
About Maple Gold
Maple Gold Mines Ltd. is a Canadian prospector in a 50/50 joint venture with Agnico Eagle Mines Limited to jointly advance the Douay and Joutel gold projects in Quebec’s prolific Abitibi Greenstone gold belt. The projects benefit from exceptional access to infrastructure and are approximately 400 km long2 Long and very prospective area including a well-established gold supplier in Douay (RPA 2019) with significant upside potential and ex-producing Eagle, Telbel and Eagle West mines in Joutel. In addition, the company has an exclusive option to acquire 100% of the property of Eagle Mine.
The area-sized property package also hosts a large number of regional exploration targets along a 55-kilometre strike zone of the as yet untested Casa Berardi deformation, setting the project ready for new gold and polymetallic discoveries. The company is well capitalized and is currently focused on conducting exploration and drilling programs to expand resources and make new discoveries to create an exciting new gold area in the heart of Abitibi. For more information, please visit: www.maplegoldmines.com
On behalf of MAPLE GOLD MINES LTD.
“Matthew Hornor”
B. Matthew Hornor, President and CEO
For more information, please contact:
Mr. Jones Lang
Executive Vice President
Useful: 778.686.6836.0000
Email: [email protected]
Hare Kiran Patankar
Senior Vice President, Growth Strategy
Useful: 604.935.9577
Email: [email protected]
Neither the TSX VENTURE EXCHANGE nor the Regulatory Provider (as defined in the TSX Project Exchange Policies) is responsible for the adequacy or accuracy of this press release.
Forward-looking statements:
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the Canadian securities laws applicable in Canada, including statements regarding exploration work and results from current and future programs. Forward-looking statements are based on assumptions, uncertainties and management’s best estimate of future events. Actual events or results could differ materially from the Company’s expectations and expectations. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. For a more detailed discussion of these risks and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, please refer to the documents available to Maple Gold Mines Ltd. They are filed with Canadian Securities Regulators and available at www.sedar.com or on the company’s website at www.maplegoldmines.com. The Company does not intend, and expressly disclaims any intention or obligation, to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law..