Maple Gold starts drilling at NE syenite target

By Mr. B. Matthew Hornor reports / March 14, 2018 / www.stockwatch.com / Article Link

Mr. B. Matthew Hornor reports

MAPLE GOLD TARGETS NEW DISCOVERY WITH DIAMOND DRILLING NOW UNDERWAY AT THE NE SYENITE TARGET

A drill rig has arrived and is now turning at the northeast syenite target, where Maple Gold Mines Ltd. plans to complete approximately 10 drill holes during the current campaign. The virtually untested northeast syenite target includes the same host rocks as much of the current resource area and covers an area approximately the same size (six kilometres by about two km).

The syenite to the northeast 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 northeast 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.

Maple Gold's president and chief executive officer, Matthew Hornor, stated: "Starting the drilling at the northeast 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."

Northeast syenite target details

In 1989, about 15 shallow top-of-bedrock RC (reverse circulation) holes were drilled in the general northeast 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 148 metres of mafic tuff and syenite, that is, very similar geology to parts of Maple Gold's current resource area.

Only five 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 northeast syenite target, with approximately 10 drill holes planned for this virtually untested target.

Maple Gold also recently began its own campaign of top-of-bedrock drilling to explore for additional syenitic intrusive complexes in the western part of the property; new target areas generated from this work are expected to be diamond drilled in subsequent drill campaigns.

Qualified person

The scientific and technical data contained in this press release were 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.

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 km 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 has a significant drill campaign under way 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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