By Cory
Maple Gold drills 50 metres of 1.77 g/t Au and extends new Nika Zones in the NW Gap Area
Here is another drill result from Maple Gold Mines (TSX-V: MGM, OTCQB: MGMLF). The last two news releases have reported some higher grade (than the current 3+ million ounce resource) in areas that the Company will want to follow up on.
Click here to listen to the last interview I had with Maple Gold’s President and CEO Matthew Horner.
I will be following up with the team so if you have any questions for them or me please email me at Fleck@kereport.com. Remeber I am a shareholder but I am also happy to share my thoughts and get your questions answered.
… Here’s the news…
Montreal (Quebec): Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-V: MGM, OTCQB: MGMLF; Frankfurt: M3G) is pleased to report additional drill results from the Nika Zones located in the “NW Gap Area” between the Douay West, Porphyry and NW resource zones. DO-18-218 returned 50m grading 1.77 g/t Au (uncut) from 297m downhole (estimated 200m true vertical depth).
- The up-dip extension of this mineralized zone remains open to surface
- 50m intercept shows excellent continuity with few internal low-grade samples and more than
twice the width and twice the grade expected as per the previous wireframe interpretation - This wireframe was not included in the Micon 2018 pit-constrained resource estimate due to insufficient drill density, therefore representing potential additions to the existing resource base
Maple Gold’s President and CEO, Matthew Hornor, stated: “We are very pleased with the early returns from the 2018 drill campaign. Defining the new Nika Zones and the additional success we’ve had in the NW Gap Area has the potential to add significantly to our resource base and brings us a step closer to connecting some of the zones in this large intrusive related gold system.”
Table 1. Assay Highlights for DO-18-218
|
Hole
|
Easting
|
Northing
|
Azimuth
|
Plunge
|
From
|
To
|
Interval
|
Au ppm
|
|
DO-18-218
|
705200
|
5491498
|
360
|
-45
|
162.0
|
176.0
|
14.0
|
0.35
|
|
DO-18-218
|
201.0
|
222.5
|
21.5
|
0.54
|
||||
|
DO-18-218
|
290.1
|
292.0
|
1.9
|
0.80
|
||||
|
DO-18-218
|
297.0
|
347.0
|
50.0
|
1.77
|
||||
|
Including
|
298.0
|
324.0
|
26.0
|
1.40
|
||||
|
Including
|
342.8
|
347.0
|
4.2
|
8.92
|
||||
|
DO-18-218
|
357.3
|
366.1
|
8.8
|
0.44
|
||||
|
Including
|
364.0
|
366.1
|
2.1
|
1.05
|
||||
|
DO-18-218
|
391.0
|
403.0
|
12.0
|
0.31
|
||||
|
DO-18-218*
|
409.8
|
423.0
|
13.2
|
0.86
|
||||
|
including
|
415.0
|
419.5
|
4.4
|
1.24
|
||||
|
DO-18-218*
|
453.0
|
454.0
|
1.0
|
1.67
|
*Reported April 23, 2018. Intervals given are all down-the hole lengths, which are estimated to be approximately 90% of true width. Coordinates are NAD83 Zone 17N. All assays were performed by ALS Laboratories by AU-ICP21, i.e. 30 g fire assay with ICP finish with over limits (>10 g/t Au) done by AU-GRA21, i.e. gravimetric analysis of 30g sample weight.
In addition to DO-18-218, Maple Gold received results for DO-18-214, which intersected 9.5m of 1.01 g/t Au in the NW Zone; this intercept is not part of an existing wireframe and therefore also represents a new zone. A complete table (Table 2) summarizing all drill results received to-date from the drilling in the NW Zone, Gap Area and Nika Zones is appended to this press release.
Figure 1: DO-18-218 on section 705200E
The configuration of the new DO-18-218 intercepts reported here, as well as those reported previously for holes DO-18-217 and -218 (see press release of April 23, 2018), is consistent with a series of subparallel mineralized zones with an overall NW-SE trend, consistent with our evolving deposit-scale structural model which includes two controlling fault sets within the Resource Area: the East/West Casa Berardi fault set, and the NW/SE Douay fault set.
This mineralized zone is projected from the bottom of historical drill-hole DO-13-131, collared 100m further east; that drill-hole cut 12m of 0.65 g/t Au. The down-dip continuity of DO-13-131 intersection was tested in hole DO-18-241 (assays pending). Figure 2 below highlights the plan view map of drill-hole locations in the NW Gap Area, with the new Nika Zones highlighted.
Figure 2: Drill-hole location map highlighting the new Nika Zones and surrounding NW Gap Area
The significant thickening of the mineralized zone in DO-18-217 (see press release April 23, 2018) appears to have formed at the intersection of East/West and NW/SE structures. The new interpretation also allows integration of other high-grade intercepts into more continuous zones. For example, DO-11-57 (1.18 g/t over 24m, including 3.5 g/t Au over 6m), which generated high grade blocks (>2.5 g/t Au) outside the existing (Micon 2018) pit-constrained resource, likely forms part of a NW-SW mineralized zone, rather than a discontinuous EW zone as per the previous interpretation. The mineralized zones in the NW Gap Area, including the Nika Zones, are outside the limits of the current (Micon 2018) pit-constrained resource (see Figure 2).
The Company continues to be very encouraged with the early returns from the 2018 winter drilling campaign and looks forward to the final drill results from the NW Gap Area. To view drill-core photographs for DO-18-218, see below and visit the Company’s website for additional images.
Drill-core Picture 1: (DO-18-218) strongly fractured pink to red syenite with abundant fine pyrite stringers and …read more
From:: The Korelin Economic Report