{"id":1095692,"date":"2019-01-23T00:40:03","date_gmt":"2019-01-23T00:40:03","guid":{"rendered":"http:\/\/www.kereport.com\/?p=50130"},"modified":"2019-01-23T00:40:03","modified_gmt":"2019-01-23T00:40:03","slug":"company-updates-from-management-tue-22-jan-2019-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1095692","title":{"rendered":"Company Updates From Management &#8211; Tue 22 Jan, 2019"},"content":{"rendered":"<p>Maple Gold Mines &#8211; Insights on The 3D Model, Upcoming Resource, and Drilling In 2019<\/p>\n<p>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&#8217;s all about growing and upgrading the resource. <\/p>\n<figure class=\"wp-block-audio\"><audio controls src=\"http:\/\/www.kereport.com\/wp-content\/uploads\/2019-01-22-Matthew-and-Fred-Maple-Gold.mp3\"><\/audio><\/figure>\n<p><a href=\"http:\/\/maplegoldmines.com\/\">Click here to visit the Maple Gold Mines website. <\/a><\/p>\n<p>Please email me any other questions you have for the guys over at Maple Gold or for myself &#8211; Fleck@kereport.com. <\/p>\n<p>Here is the news release on the 3D model. It is helpful to follow along, especially with &#8220;Figure 2&#8221;.<\/p>\n<p><strong>Montreal, Quebec\u2013(January 16, 2019) \u2013 Maple Gold Mines Ltd.<\/strong>\u00a0(<strong>TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G<\/strong>) (\u201c<strong>Maple Gold<\/strong>\u201d or the \u201c<strong>Company<\/strong>\u201c)  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\u2019Or, 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)<a href=\"https:\/\/www.newsfilecorp.com\/redirect\/ONebTv\"><sup>[1]<\/sup><\/a>.  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.<\/p>\n<ul>\n<li><strong>New 3D model<\/strong>&nbsp;<strong>based on<\/strong>&nbsp;<strong>historical and new<\/strong>&nbsp;<strong>exploration<br \/>\n results and re-interpretation of the existing and new mineralised<br \/>\nenvelopes, highlights numerous zones of higher-grade mineralisation<\/strong>&nbsp;<strong>throughout the 6km strike length<\/strong>&nbsp;of the Douay deposit (see Figures 1, 2)<\/p>\n<\/li>\n<li><strong>The higher-grade zones are variably plunging and structurally-controlled&nbsp;<\/strong>by northwest-southeast striking Douay faults and east-west trending faults of the Casa Berardi Deformation Zone (CBDZ)\n<\/li>\n<li><strong>The down-plunge continuity of higher-grade zones has to-date been tested only to shallow depth&nbsp;<\/strong>\u2013 the average drill-hole depth at Douay is only ~230m vertical \u2013<strong>&nbsp;providing excellent potential for resource expansion to depth (Fig. 2)\n<p><\/strong><\/li>\n<li>Additional<br \/>\n mineralisation controls and orientations are related to the morphology<br \/>\nof more local structures, syenite intrusions and their contacts<\/p>\n<\/li>\n<\/ul>\n<p><strong>Matthew Hornor, Maple Gold\u2019s President and CEO, commented:<\/strong>&nbsp;<em>\u201cHaving<br \/>\n a more thorough set of structural interpretations and a new 3D<br \/>\ngeological model establishes a foundation more in line with the<br \/>\nstandards of a major gold company and marks an important internal<br \/>\nmilestone for our technical team.\u201d<\/em><\/p>\n<p><strong>Fred Speidel, VP, Exploration, added:&nbsp;<\/strong>\u201c<em>These new<br \/>\n products have strongly encouraged us to pursue down-plunge extensions<br \/>\nof higher-grade zones that continue below the current average depth of<br \/>\ndrilling at Douay. They will also allow us to more accurately target<br \/>\nthese higher grade zones in our subsequent drill programs.\u201d<\/em><\/p>\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/orders.newsfilecorp.com\/files\/3077\/42228_aade73dbf48e0911_001full.jpg\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.maplegoldmines.com\/images\/news\/2019_-_Jan_16_-_NR_-_MGM_Creates_new_3D_Geological_Model_FINAL.jpg\" alt=\"2019 Jan 16 NR MGM Creates new 3D Geological Model FINAL\" width=\"584\" height=\"344\"\/><\/a><\/figure>\n<p><strong>Figure 1:&nbsp;<\/strong>2D representation of&nbsp;<strong>3D structural<br \/>\n model showing distribution of higher-grade mineralized zones (red),<br \/>\nwithin lower-grade envelope (yellow), controlled by the two main sets of<br \/>\n structures<\/strong>: the E-W Casa Berardi set (grey) and the NW-SE<br \/>\nDouay set (blue). Note trace of longitudinal sections 100mN and 0mN as<br \/>\nalso shown in Fig. 2 below).<\/p>\n<p>To view an enhanced version of Figure 1, please visit:<br \/><a href=\"https:\/\/orders.newsfilecorp.com\/files\/3077\/42228_aade73dbf48e0911_001full.jpg\">https:\/\/orders.newsfilecorp.com\/files\/3077\/42228_aade73dbf48e0911_001full.jpg<\/a><\/p>\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/orders.newsfilecorp.com\/files\/3077\/42228_aade73dbf48e0911_002full.jpg\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/orders.newsfilecorp.com\/files\/3077\/42228_aade73dbf48e0911_002.jpg\" alt=\"Cannot view this image? Visit: https:\/\/orders.newsfilecorp.com\/files\/3077\/42228_aade73dbf48e0911_002.jpg\" width=\"564\" height=\"317\"\/><\/a><\/figure>\n<p><strong>Figure 2<\/strong>: NW-SE long sections with drill-hole<br \/>\ntraces, looking NNE, with 25m projection corridor either side. Target<br \/>\nareas shown as black ellipses\/arrows.&nbsp;<strong>Section 100mN shows significant near-surface mineralisation in Porphyry Zone<\/strong>, with mineralisation deepening to the SSW (section 0mN).&nbsp;<strong>Section 0mN highlights two separate trends of higher grade mineralisation at Douay West<\/strong>, one of&nbsp;<strong>which (black arrow) may provide a link to the Porphyry Zone<\/strong>.&nbsp;<strong>Apparent closure of mineralised zones at depth reflects absence of drill data, not termination of mineralisation<\/strong>. 100m grid.<\/p>\n<p>To view an enhanced version of Figure 2, please visit:<br \/><a href=\"https:\/\/orders.newsfilecorp.com\/files\/3077\/42228_aade73dbf48e0911_002full.jpg\">https:\/\/orders.newsfilecorp.com\/files\/3077\/42228_aade73dbf48e0911_002full.jpg<\/a><\/p>\n<p>Additional updates pertaining to the new 3D model, pending resource<br \/>\nestimate update and new priority drill targets will be provided shortly.<\/p>\n<p><em><strong>Qualified Person<\/strong><\/em><\/p>\n<p>The scientific and technical data contained in this press release was<br \/>\n reviewed and prepared under the supervision of Fred Speidel, M. Sc, P.<br \/>\nGeo., Vice-President Exploration, of Maple Gold. Mr. Speidel is a<br \/>\nQualified Person under National Instrument 43-101 Standards of<br \/>\nDisclosure for Mineral Projects. Mr. Speidel has verified the data<br \/>\nrelated to the exploration information disclosed in this news release<br \/>\nthrough his direct participation in the work.<\/p>\n<p><em><strong>Quality Assurance (QA) and Quality Control (QC)<\/strong><\/em><\/p>\n<p>Maple Gold implements strict Quality Assurance (\u201cQA\u201d) and Quality<br \/>\nControl (\u201cQC\u201d) protocols at Douay covering the planning and placing of<br \/>\ndrill holes in the field; drilling and retrieving the NQ-sized drill<br \/>\ncore; drill-hole surveying; core transport to the Douay Camp; core<br \/>\nlogging by qualified personnel; sampling and bagging of core for<br \/>\nanalysis; transport of core from site to the analytical laboratory;<br \/>\nsample preparation for assaying; and analysis, recording and final<br \/>\nstatistical vetting of results. For a complete description of protocols,<br \/>\n please visit the Company\u2019s QA\/QC page on the website at:&nbsp;<a href=\"https:\/\/www.newsfilecorp.com\/redirect\/PX8bUa\">http:\/\/maplegoldmines.com\/index.php\/en\/projects\/qa-qc-qp-statement<\/a><\/p>\n<p><em><strong>About Maple Gold<\/strong><\/em><\/p>\n<p>Maple Gold is an advanced gold exploration and development company<br \/>\nfocused on defining a district-scale gold project in one of the world\u2019s<br \/>\npremier mining jurisdictions. The Company\u2019s ~389 km\u00b2 Douay Gold Project<br \/>\nis located along the Casa Berardi Deformation Zone (55 km of strike)<br \/>\nwithin the prolific Abitibi Greenstone Belt in northern Quebec, Canada.<br \/>\nThe Project benefits from excellent infrastructure and has an<br \/>\nestablished gold resource<sup>3<\/sup>&nbsp;that remains open in multiple directions. For more information please visit&nbsp;<a href=\"https:\/\/www.newsfilecorp.com\/redirect\/wPrpSo\">www.maplegoldmines.com<\/a>.<\/p>\n<p><strong>ON BEHALF OF MAPLE GOLD MINES LTD.<\/strong><\/p>\n<p>\u201cMatthew Hornor\u201d<\/p>\n<p>B. Matthew Hornor, President &amp; CEO<\/p>\n<p><em><strong>For Further Information Please Contact:&nbsp;<\/strong><\/em><\/p>\n<p>Mr. Joness Lang<br \/>VP, Corporate Development<br \/>Cell: 778.686.6836<br \/>Email:&nbsp;<a href=\"mailto:jlang@maplegoldmines.com\">jlang@maplegoldmines.com<\/a><\/p>\n<p><em>NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES<br \/>\nPROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE<br \/>\nEXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS<br \/>\nPRESS RELEASE.<\/em><\/p>\n<p><em><strong>Forward Looking Statements:<\/strong><\/em><\/p>\n<p>This news release contains \u201cforward-looking information\u201d and<br \/>\n\u201cforward-looking statements\u201d (collectively referred to as<br \/>\n\u201cforward-looking statements\u201d) within the meaning of applicable Canadian<br \/>\nsecurities legislation in Canada, including statements about the<br \/>\nprospective mineral potential of the Porphyry Zone, the potential for<br \/>\nsignificant mineralization from other drilling in the referenced drill<br \/>\nprogram and the completion of the drill program. Forward-looking<br \/>\nstatements are based on assumptions, uncertainties and management\u2019s best<br \/>\n estimate of future events. Actual events or results could differ<br \/>\nmaterially from the Company\u2019s expectations and projections. Investors<br \/>\nare cautioned that forward-looking statements involve risks and<br \/>\nuncertainties. Accordingly, readers should not place undue reliance on<br \/>\nforward-looking statements. Forward-looking statements include, but are<br \/>\nnot limited to, statements regarding timing and completion of the<br \/>\nprivate placement. When used herein, words such as \u201canticipate\u201d, \u201cwill\u201d,<br \/>\n \u201cintend\u201d and similar expressions are intended to identify<br \/>\nforward-looking statements.<\/p>\n<p>Forward-looking statements are based on certain estimates,<br \/>\nexpectations, analysis and opinions that management believed reasonable<br \/>\nat the time they were made or in certain cases, on third party expert<br \/>\nopinions. Such forward-looking statements involve known and unknown<br \/>\nrisks, and uncertainties and other factors that may cause our actual<br \/>\nevents, results, performance or achievements to be materially different<br \/>\nfrom any future events, results, performance, or achievements expressed<br \/>\nor implied by such forward-looking statements. For a more detailed<br \/>\ndiscussion of such risks and other factors that could cause actual<br \/>\nresults to differ materially from those expressed or implied by such<br \/>\nforward-looking statements, refer to Maple Gold Mines Ltd.\u2019s filings<br \/>\nwith Canadian securities regulators available on&nbsp;<a href=\"https:\/\/www.newsfilecorp.com\/redirect\/grb4Un\">www.sedar.com<\/a>&nbsp;or the Company\u2019s website at&nbsp;<a href=\"https:\/\/www.newsfilecorp.com\/redirect\/pmZ5HM\">www.maplegoldmines.com<\/a>.&nbsp;The<br \/>\n Company does not intend, and expressly disclaims any intention or<br \/>\nobligation to, update or revise any forward-looking statements whether<br \/>\nas a result of new information, future events or otherwise, except as<br \/>\nrequired by law<em>.<\/em><\/p>\n<p><a href=\"https:\/\/www.newsfilecorp.com\/redirect\/YGZbSL\"><sup>[1]<\/sup><\/a>&nbsp;Micon 2018: NI 43-101 Technical Report Mineral Resource Estimate for the Douay Gold Project<br \/><a href=\"https:\/\/www.newsfilecorp.com\/redirect\/08D5fK\">https:\/\/maplegoldmines.com\/images\/pdf\/2018\/Douay_NI_43_101_Technical_Report_March_2018.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maple Gold Mines &ndash; Insights on The 3D Model, Upcoming Resource, and Drilling In 2019<br \/>Last week Maple Gold Mines released a 3D model of the the Douay Gold Project. This is a key stepping&#8230;<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[533,534,362,694],"tags":[264,92],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1095692"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1095692"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1095692\/revisions"}],"predecessor-version":[{"id":1095693,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1095692\/revisions\/1095693"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1095692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1095692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1095692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}