By Cory
Maple Gold Starts Drilling Step-out Targets at the Douay Gold Project
This is going to be an exciting year fro Maple Gold Mines. In my last conversation with the President and CEO Matthew Hornor he outlined the drilling plans for this year which includes more exploration drilling from the prior year. Now we have the news that the first drill rig has been mobilized with a plan to bring as many as 6 diamond drill rigs to site. With already a well defined 2.8million oz gold deposit if this drilling hits constant grades this project could get a whole lot bigger.
I am a shareholder and will be following up with Matthew when we start to see some results. Please listen to our most recent interview (linked below) for a full recap on the plans and goals of the drilling and email me with any questions you have.
Click here to listen to the most recent interview outlining the 2018 plans.
Here’s the news…
January 18, 2018 – Montreal (Quebec): Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-V: MGM, OTCQB: MGMLF; Frankfurt: M3G) is pleased to announce that the first drill-hole has commenced at the Company’s Douay Gold Project (the “Project”). The first drill-rig has arrived to site (pictured below) and has been mobilized to one of the priority infill and step-out drill targets from the 55 existing permits currently in place. Permit requests have been submitted for the balance of planned drill-holes (see press release dated January 10, 2017) and the Company anticipates receiving permits and ramping up to the full complement of (5-6) diamond drill rigs within approximately three weeks.
Maple Gold’s President and CEO, Matthew Hornor, stated: “We are excited to break ground with the first drill-hole of the 2018 drilling campaign. Our technical team deserves a lot of credit for all of the hard work that preceded today’s milestone. We look forward to additional drill rigs arriving shortly and drill results this winter and spring.”
Pictured above: (left to right) Luiz Amaral; Christian Makang; Marthe Archambault; Hubert Mvondo. Maple Gold geologists stand at the first drill site as drilling commences at the Douay Gold Project. At the time of writing, the first drill-hole had reached 45 metres, intersecting syenite from 33 metres depth.
Fig. 1: Resource Area drill plan on first derivative magnetic base map showing first four holes to be drilled, including drill-hole (DO-18-203) currently underway. View the figure above with historical drill-hole locations included by clicking here.
The figure above highlights the extent of syenite, or mixed syenite and basalt, in comparison with the existing resource areas as defined in the latest report by Micon in 2017. Note also the rough coincidence of syenite with a characteristic bimodal (high/low) magnetic response. The anomalous geophysical pattern combined with the extent of syenite, defines what Maple Gold views as the greater Resource Target Area, which will be the focus of step-out and infill drilling during the current campaign.
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Source:: The Korelin Economics Report
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