By Cory댊
Maple Gold Summarizes 2018 Drilling Highlights After Receiving Final Assays
Below is the recent news out of Maple Gold Mines. I know there have been a number of you asking for a rundown of the drilling this year and now we have a good summary. The last few months have been disappointing from a share price perspective but there was some good progress made on defining potential new zones at the current resource area (as outlined below). What I am watching for is some follow up work on the new targets that were generated by the greenfield drilling shallow RC holes.
Please let me know if you have any questions for the Company or I. I will be chatting with them later this week. Please email your questions to Fleck@kereport.com.
Click here to visit the Maple Gold Mines website for more information on all aspects of the Company.
…Here’s the news…
Montreal, Quebec–(Newsfile Corp. – September 4, 2018) – Maple Gold Mines Ltd. (“Maple Gold” or the “Company“) (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) is pleased to provide a highlights summary of the 2018 drilling campaign now that all assays have been received. The 2018 winter drilling campaign included 21,122 metres of diamond drilling from 52 holes and 1,471.3 metres from 57 short top-of-bedrock Reverse Circulation (RC) holes for a total of 22,593 metres.
Approximately 70% of the total meterage was within or near the known Resource Area, defined as the 6.3 km by 1.8 km corridor including the outline of the Micon 2018 conceptual pits, and also including any known mineralized zones extending beyond the resource. The Douay NI 43-101 resource contains 479,000 indicated ounces averaging 1.59 g/t Au and 2,759,000 inferred ounces averaging 1.02 g/t Au, all using a 0.45 g/t Au cut-off grade (Micon 2018).1 Some of the Resource Area drilling in 2018 was focused on aggressive step-out targets, particularly where gaps in the drill-hole distribution could allow the discovery of new zones with potential to add ounces and bring the Company a step closer to connecting and linking up surrounding mineralized zones. The balance of the meterage (~30%) was dedicated to begin exploring the greater 377 km² property package and generate new greenfield targets (shallow RC drilling), while also testing two existing greenfield target areas (NE Syenite and NW Greenfield target areas) with a first phase of diamond drilling. The following sections outline highlights from the various areas drilled in the 2018 campaign along with initial interpretation and analysis.
Resource Area: Central Resource Area (Porphyry Zone infill/step-out): 29 drill-holes (11,735 metres)
This drilling mainly focussed on confirming along strike and down-dip (or up-dip) continuity of existing zones, in particular in areas with lower density of drill-holes.
Highlighted results (true-widths estimated to be approximately 90% of down-hole length):
- DO-18-216: 52m @ 3.53 g/t Au (including 21m @ 7.87 g/t Au) within broader ~150m halo of lower grade material; DO-18-203: 19m @ 0.88 g/t Au [see press release May 2, 2018]. These zones extend from surface to over 300m vertical depth.
- DO-18-229: cut several mineralized zones, including 12m @ 1.90 g/t Au, 8.5m @ 3.80 g/t Au and 5.5m @ 1.94 g/t Au, all of which form part of a broader envelope of mineralization that extends to surface; DO-18-234: numerous mineralized zones, including 7m @ 1.47 g/t Au and 27.9m @ 0.66 g/t Au; DO-18-230: multiple zones, 24m @ 0.75 g/t Au (including 7m @ 1.17 g/t Au) and 4.8m @ 1.25 g/t Au, these zones also extend to surface [see press release June 26, 2018]
- DO-18-247: cut several mineralized zones, including 21m @ 3.49 g/t Au, including 6.0 m of 9.32 g/t Au; DO-18-254: cut 27.5 m of 1.25 g/t Au, including 2.1 m of 5.36 g/t Au; DO-18-244: cut several mineralized zones, including 7m @ 2.06 g/t Au and three others over one g/t Au. All of these zones extend to surface [see press release July 9, 2018]
Summary: The assay results from drilling in the central part of the Porphyry Zone (including DO-18-216) support the Company’s concept of multiple higher-grade zones or shoots within the Porphyry Zone, demonstrate the continuity of this style of mineralization in the central part of the Porphyry Zone, and open the possibility of increasing grades at depth.
Highlighted results from the east-central part of the Porphyry Zone (DO-18-247, DO-18-254 and DO-18-244) targeted an area with lower drill density and intersected significantly higher grades than adjacent holes, indicating that grade may increase at depth in this area.
Drilling in the western half of the Porphyry Zone (i.e. west of DO-18-216) confirmed the presence of a broad (90- to 130-metre true width) halo of gold mineralization, extending several hundred metres along strike and mainly hosted in syenites (DO-18-229, DO-18-230, DO-18-234).
Resource Area: NW Zone, NW Gap Area (including new Nika Zones): 11 drill-holes for 4,528 metres
Drilling focused on an area with low drill density between the NW, Douay West and Porphyry Zones (the NW Gap Area), where several scattered higher grade intercepts had previously been obtained, mainly outside of the existing conceptual pits, where additional drilling could confirm continuity of these intercepts and expand the existing conceptual pits.
Highlighted results (True widths are estimated to be approximately 90% of down-hole lengths):
- DO-18-217: 17m @ 1.08 g/t Au within broader ~100m halo of lower-grade mineralization [see press release April 23, 2018]; DO-18-218: 50m @ 1.77 g/t Au with excellent continuity and up-dip extension open to surface [see press release May 14, 2018]; DO-18-227: 5m @ 2.32 g/t Au on the southeast edge of an existing (Micon 2018) conceptual pit [see press release June 11, 2018]; DO-18-241: 12m @ 1.78 g/t Au confirming eastern continuity and extension of gold mineralization from DO-18-218 [see press release July 26, 2018]
Summary: Drilling in the NW Gap area was very successful, with the discovery of several new zones of mineralization (the Nika zones). There are large bodies of syenite in this area, which together with initial interpretation of trace element patterns, appear to indicate this area may represent one of several intrusive-hydrothermal centers forming part of the Douay Resource. As is also the case …read more
From:: The Korelin Economic Report