By Cory
Maple Gold targets New Discovery with diamond drilling now underway at the NE Syenite Target
Here is the latest news from Maple Gold Mines. I am a shareholder and will be following up with the Company this week for a comment and to get a couple questions that have come in answered. Please email me if you have any more questions for the team over at Maple Gold.
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… Here’s the news…
March 14, 2018 – Montreal (Quebec): Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-V: MGM, OTCQB: MGMLF; Frankfurt: M3G) is pleased to announce that a drill rig has arrived and is now turning at the NE Syenite Target, where the Company plans to complete approximately 10 drill-holes during the current campaign. The virtually untested NE Syenite Target includes the same host rocks as much of the current resource area and covers an area approximately the same size (6 km by ~2 km).
The syenite to the NE of the resource area was not documented on government geological maps. However, previous work from past operators at the Douay Gold Project included a top-of-bedrock drilling program in the NE Syenite Target area back in the 1980s. The results of this program along with a diamond drill-hole from 1989 helped define this high-priority target area (see Target Details section) approximately 2.5 km to the northeast of the resource area (see Figure 1).
Maple Gold’s President & CEO, Matthew Hornor, stated: “Starting the drilling at the NE Syenite target has been something we’ve all been highly anticipating. This is a totally new area on the project with a very intriguing greenfields target. We appreciate the additional risk that goes with greenfields drilling, but we are following the discovery model and the magnitude of this target area and potential impact on future resources makes the potential reward very compelling.”
Figure 1: Magnitude of NE Syenite Target vs Douay Resource Area. Note position of initial hole DO-18-220. Geological base map shows location of both syenitic intrusive complexes within Casa Berardi Tectonic Zone.
NE Syenite Target Details
In 1989, about 15 shallow “top-of-bedrock” RC holes were drilled in the general NE Syenite area. This appears to have been followed by a north-south fence of two diamond drill holes completed in the same year by Gowest Amalgamated Resources. The northernmost hole, G-89-1, cut 148m of mafic tuff and syenite, i.e. very similar geology to parts of Maple Gold’s current Resource Area.
Only five (5) samples were taken in these two holes. Maple Gold believes that the lack of sampling in the 1989 drill holes may reflect a lack of understanding of intrusive-related gold systems at that time, as this style of mineralization was really only defined in the 1990s. At the time of drilling in 1989, most companies were looking for high-grade orogenic gold systems (shear zone hosted gold-quartz veins). Drilling has now commenced at the NE Syenite Target (pictured below), with approximately 10 drill-holes planned for …read more
Source:: The Korelin Economics Report
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