Goldplay Exploration – More Information On The Recent High Grade Trenching Results
Last week Goldplay Exploration (TSX.V:GPLY & OTCQB:GLYXF) released a trenching result with the headline numbers of 56 meters of 196 g/t Silver and 15 meters of 472 g/t silver. I reached out to the President and CEO Marcio Fonseca for some more details on where exactly this trench was located in relation to the current resource and what follow up work will be done.
If you have any additional questions for Marcio please email me at Fleck@kereport.com.
Click here to visit the Goldplay website and read over the full trenching news release.
Also here are the two figures that we touch on in the interview.
Palamina Corp – Recapping Recent News On Permits and a Private Placement
Palamima Corp (TSX.V:PA & OTC:PLMNF) is a Company that has built a land package in Peru of multiple properties over the past two years. Now they are moving these projects through permitting and expect to be drilling this year.
Andre Thompson, President and CEO of Palamina joined me to discuss the recent developments so far this year. We touch on permitting process in Peru and a private placement (that I will be taking part in) that is underway.
Please email me if you have any follow up questions for Andrew regarding the Company or private placement – Fleck@kereport.com.
Fireweed Zinc – More Info On The Recently Closed $5million PP and Exploration Plans In 2019
Fireweed Zinc just closed a $5million private placement with Teck taking part and increasing its share of the Company to 9.9%. I am joined by The CEO Brandon McDonald to shed some more light on how the $5million will be used to advance the work planned for this year. Brandon outlines how this year will focused on some new exploration targets to expand the current resources and possibly find new deposits.
If you have any follow up questions for Brandon please email me at Fleck@kereport.com.
Pure Gold Mining – A Closer Look At The Feasibility and Short Term Drivers
Pure Gold Mining (TSX.V:PGM) released a feasibility study this week that the market did not like. The numbers still show a profitable mine however some aspects, such as CapEx came in higher than expected.
I chat with Darin Labrenz, Pure Gold’s President and CEO to get some more color on the release. We address the higher costs as well as some near term news on the satellite deposits.
Please comment or email me at Fleck@kereport.com with any further questions or comments for Darin and his team.
Miramont Resources – Updates On The Current Drill Program
Bill Pincus, Miramont Resources (CSE:MONT & OTCQB : MRRMF) President and CEO joins me to provide some more details and an update on how the current drill program at the Cerro Hermosso project in Peru was progressing. Ever since the permits were received back in December the stock has been moving up nicely. We also get an update on the finances of the Company and when the drill results are expected.
Please email me with any questions for Bill (Fleck@kereport.com) or click on the link below and sign up for a call on the Miramont website.
Goldplay Exploration – Further Insights Into The Updated Resource
Goldplay Exploration (TSX.V:GPLY & OTCQB:GLYXF) released an updated resource on its San Marcel project last week. The full release is linked below. I chatted with the President and CEO Marcio Fonseca to get some more information on the resource. He breaks down the importance of open pit and underground components and has some comments on the Breccia component. We also discuss the exploration work that will now be undertaken to grow the overall resource.
SSR Mining – Some More Insights On The SilverCrest Investment
I have been bringing SSR Mining (TSX & NASDAQ : SSRM) on to the show over the past few months because I think they are a great example of a mid-tier who is generating good cash flow numbers and building cash in the bank. After my last interview I received a number of emails asking for more color on the recent investment in SilverCrest Metals.
In this interview I have David Wiens, Director of Corporate Finance and Brian Martin, Director of Business Development on to discuss this investment. We also use this investment to discuss the trend of larger companies taking equity stakes in exploration companies rather than flat our buying them.
If you have any follow up questions for the guys at SSR please email me at Fleck@kereport.com.
IsoEnergy Update – One Of The Few Uranium Juniors Cashed Up And Exploring
IsoEnergy (TSX.V:ISO & OTCQX:ISENF) is one of the very few uranium focused companies that is cashed up and exploring this year. Craig Parry, President and CEO of IsoEnergy joined me today to outline initial exploration results from the ongoing drill program at the Hurricane target within the Larocque East project. We recap the overall goals of the exploration program and anticipated news flow.
Skeena Resources – Addressing Some Misconceptions On The Recent Eskay Creek Drill Results
Last week Skeena Resources (TSX.V: SKE, OTCQX: SKREF) released some very nice high grade results from surface at the Eskay Creek Project. However the market reaction to these results was muted as the stock did not move.
I reached out to Skeena’s President and CEO Walter Coles for a comment. He addresses an analyst report that had a couple errors in understanding what type of rock the drill holes came from. We also get an update on what the plans are for this year at Eskay.
Maple Gold Mines – Insights on The 3D Model, Upcoming Resource, and Drilling In 2019
Last week Maple Gold Mines released a 3D model of the the Douay Gold Project. This is a key stepping stone for the Company but I thought it needed a little more discussion to understand what it was telling the Company. Matthew Hornor, President and CEO, and Fred Speidel, VP Exploration, joined to me today to share their insights on how the model is helping to define the work Maple Gold will be undertaking this year. The Company understands it’s all about growing and upgrading the resource.
Please email me any other questions you have for the guys over at Maple Gold or for myself – Fleck@kereport.com.
Here is the news release on the 3D model. It is helpful to follow along, especially with “Figure 2”.
Montreal, Quebec–(January 16, 2019) – Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (“Maple Gold” or the “Company“) has created a new 3D geological and structural model for its Douay gold project, located on the prolific Casa Berardi Deformation Zone near Val d’Or, Quebec. The Douay deposit currently contains 2,759,000 ounces Au in the inferred category and a further 479,000 ounces Au indicated using a 0.45 g/t Au cut-off grade (Micon 2018). The Micon 2018 resource does not include the new drill data from the winter 2018 campaign, and is open along strike and down dip. The new 3D model will improve targeting of additional resources in subsequent drill campaigns and forms the foundation for an updated resource estimate.
New 3D modelbased onhistorical and newexploration
results and re-interpretation of the existing and new mineralised
envelopes, highlights numerous zones of higher-grade mineralisationthroughout the 6km strike length of the Douay deposit (see Figures 1, 2)
The higher-grade zones are variably plunging and structurally-controlled by northwest-southeast striking Douay faults and east-west trending faults of the Casa Berardi Deformation Zone (CBDZ)
The down-plunge continuity of higher-grade zones has to-date been tested only to shallow depth – the average drill-hole depth at Douay is only ~230m vertical – providing excellent potential for resource expansion to depth (Fig. 2)
mineralisation controls and orientations are related to the morphology
of more local structures, syenite intrusions and their contacts
Matthew Hornor, Maple Gold’s President and CEO, commented:“Having
a more thorough set of structural interpretations and a new 3D
geological model establishes a foundation more in line with the
standards of a major gold company and marks an important internal
milestone for our technical team.”
Fred Speidel, VP, Exploration, added: “These new
products have strongly encouraged us to pursue down-plunge extensions
of higher-grade zones that continue below the current average depth of
drilling at Douay. They will also allow us to more accurately target
these higher grade zones in our subsequent drill programs.”
Figure 1: 2D representation of 3D structural
model showing distribution of higher-grade mineralized zones (red),
within lower-grade envelope (yellow), controlled by the two main sets of
structures: the E-W Casa Berardi set (grey) and the NW-SE
Douay set (blue). Note trace of longitudinal sections 100mN and 0mN as
also shown in Fig. 2 below).
Figure 2: NW-SE long sections with drill-hole
traces, looking NNE, with 25m projection corridor either side. Target
areas shown as black ellipses/arrows. Section 100mN shows significant near-surface mineralisation in Porphyry Zone, with mineralisation deepening to the SSW (section 0mN). Section 0mN highlights two separate trends of higher grade mineralisation at Douay West, one of which (black arrow) may provide a link to the Porphyry Zone. Apparent closure of mineralised zones at depth reflects absence of drill data, not termination of mineralisation. 100m grid.
Additional updates pertaining to the new 3D model, pending resource
estimate update and new priority drill targets will be provided shortly.
The scientific and technical data contained in this press release was
reviewed and prepared under the supervision of Fred Speidel, M. Sc, P.
Geo., Vice-President 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 website at: http://maplegoldmines.com/index.php/en/projects/qa-qc-qp-statement
About Maple Gold
Maple Gold is an advanced gold exploration and development company
focused on defining a district-scale gold project in one of the world’s
premier mining jurisdictions. The Company’s ~389 km² Douay Gold Project
is located along the Casa Berardi Deformation Zone (55 km of strike)
within the prolific Abitibi Greenstone Belt in northern Quebec, Canada.
The Project benefits from excellent infrastructure and has an
established gold resource3 that remains open in multiple directions. For more information please visit www.maplegoldmines.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
Forward Looking Statements:
This news release contains “forward-looking information” and
“forward-looking statements” (collectively referred to as
“forward-looking statements”) within the meaning of applicable Canadian
securities legislation in Canada, including statements about the
prospective mineral potential of the Porphyry Zone, the potential for
significant mineralization from other drilling in the referenced drill
program and the completion of the drill program. 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 projections. Investors
are cautioned that forward-looking statements involve risks and
uncertainties. Accordingly, readers should not place undue reliance on
forward-looking statements. Forward-looking statements include, but are
not limited to, statements regarding timing and completion of the
private placement. When used herein, words such as “anticipate”, “will”,
“intend” and similar expressions are intended to identify
Forward-looking statements are based on certain estimates,
expectations, analysis and opinions that management believed reasonable
at the time they were made or in certain cases, on third party expert
opinions. Such forward-looking statements involve known and unknown
risks, and uncertainties and other factors that may cause our actual
events, results, performance or achievements to be materially different
from any future events, results, performance, or achievements expressed
or implied by such forward-looking statements. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by such
forward-looking statements, refer to Maple Gold Mines Ltd.’s filings
with Canadian securities regulators available on www.sedar.com or 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 statements whether
as a result of new information, future events or otherwise, except as
required by law.