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.

Click here to visit the Maple Gold Mines website.

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)[1]. 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 model based on historical and new exploration
    results and re-interpretation of the existing and new mineralised
    envelopes, highlights numerous zones of higher-grade mineralisation
     throughout 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)

  • Additional
    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.”

2019 Jan 16 NR MGM Creates new 3D Geological Model FINAL

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).

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3077/42228_aade73dbf48e0911_001full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3077/42228_aade73dbf48e0911_002.jpg

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 ZoneApparent closure of mineralised zones at depth reflects absence of drill data, not termination of mineralisation. 100m grid.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3077/42228_aade73dbf48e0911_002full.jpg

Additional updates pertaining to the new 3D model, pending resource
estimate update and new priority drill targets will be provided shortly.

Qualified Person

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.

ON BEHALF OF MAPLE GOLD MINES LTD.

“Matthew Hornor”

B. Matthew Hornor, President & CEO

For Further Information Please Contact: 

Mr. Joness Lang
VP, Corporate Development
Cell: 778.686.6836
Email: jlang@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
PRESS RELEASE.

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.

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.

[1] Micon 2018: NI 43-101 Technical Report Mineral Resource Estimate for the Douay Gold Project
https://maplegoldmines.com/images/pdf/2018/Douay_NI_43_101_Technical_Report_March_2018.pdf

Scroll to Top