Maple Gold drills 158.2 m of 1.25 g/t Au at Douay

By Mr. Matthew Hornor reports / May 02, 2018 / www.stockwatch.com / Article Link

Mr. Matthew Hornor reports

MAPLE GOLD REPORTS DRILL RESULTS FROM CENTRAL PORPHYRY ZONE AT DOUAY: 158.2M @ 1.25 G/T AU, INCLUDING 52 METRES @ 3.53 G/T AU

Maple Gold Mines Ltd. has released additional drill results from its current winter drilling campaign at the Douay gold project. Hole DO-18-216 intersected52 metres grading 3.53 grams per tonne gold (uncut), within a broader 158.2-metre interval grading 1.25 g/t Au (uncut) from 335 m downhole (estimated vertical depth of approximately 220 m) within the south-central part of the porphyry zone.

Figures associated with this news release are available on-line.

Maple Gold's president and chief executive officer, Matthew Hornor, stated,"This interval appears to represent one of the fifth best intervals in the entire 760-plus-drill-hole database and the best intercept reported from the porphyry zone to date." Mr. Hornor added, "We are very pleased to receive such a positive result with only a fraction (approximately 25 per cent) of the assays received to date, and one that indicates this particular zone widens and may extend beyond the currently defined zone with higher grades."

SIGNIFICANT DRILL HIGHLIGHTS FROM PORPHYRY ZONEHoleFromTo IntervalAu(m) (m)(m) (g/t)DO-18-216334.8 493158.21.25including441 493 52.03.53including460 481 21.07.87including471 472.51.5 86.19 DO-18-216507 5081.01.05DO-18-203 198.35 199.31.04.37DO-18-203439 4423.01.17DO-18-203614 633 19.00.88including625 6261.04.13including632 6331.08.21Intervals given are all downhole lengths, which are about 90 per cent of true width for DO-18-203 and essentially identical to true width for DO-18-216. All assays were performed by ALS Laboratories by AU-ICP21, that is, 30-gram fire assay with ICP finish with overlimits (greater than 10 g/t Au) done by AU-GRA21, that is, gravimetric analysis of 30-gram sample weight.

DO-18-216 was planned to test the lateral continuity of gold mineralization in an area of the porphyry zone with both a cluster of relatively high-grade intersections and associated broad halos of slightly lower grade mineralization. The assay results 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 with depth. In three dimensions, the DO-18-216 intersection is separated by approximately 60 m from those in adjacent holes (DO-17-158 and DO-11-44) and appears to extend and widen this mineralized zone, which remains open.

In addition, historical drilling to the east of this high-grade, thick intersection is relatively broadly spaced and additional drilling for resource definition is warranted.

Drill-hole DO-18-203, collared 439 m to the southeast of DO-18-216, targeted the down-dip and down-plunge extension of porphyry zone mineralization and cut 19.0 m of 0.88 g/t Au from 614 m, at least 100 m down-dip from the current limit of mineralization per the existing block model. Assays are pending for numerous other holes in the area as well, see distribution of drill holes in Figure 2, available on-line.

Qualified person

The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred Speidel, MSc, PGeo, vice-president, exploration, of Maple Gold. Mr. Speidel is a qualified person under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration information disclosed in this news release through his direct participation in the work.

Quality assurance and quality control

Maple Gold implements strict quality assurance and quality control protocols at Douay covering the planning and placing of drill holes in the field; drilling and retrieving the NQ-sized drill core; drill-hole surveying; core transport to the Douay camp; core logging by qualified personnel; sampling and bagging of core for analysis; transport of core from site to the analytical laboratory; sample preparation for assaying; and analysis, recording and final statistical vetting of results. For a complete description of protocols, please visit the company's website.

About Maple Gold Mines Ltd.

Maple Gold is a well-financed gold exploration company focused on advancing a district-scale gold project in one of the world's premier mining jurisdictions. The company's 370-square-kilometre Douay gold project is located along the Casa Berardi deformation zone within the prolific Abitibi greenstone belt in Northern Quebec, Canada. The project has an established gold resource that remains open in multiple directions, with excellent infrastructure and several large-scale operating mines within this prolific mining district. Maple Gold is now completing a significant winter drill campaign to expand on the known resource areas and test new discovery targets within the company's 55 km of strike along the Casa Berardi deformation zone.

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© 2018 Canjex Publishing Ltd. All rights reserved.

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