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Maple Gold Adds Ground at Douay, Initiates Regional Airborne Mag-EM Survey, and Appoints Corporate Secretary
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2021) - Maple Gold Mines Ltd. (TSX...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Adds Ground at Douay, Initiates Regional Airborne Mag-EM Survey, and Appoints Corporate SecretaryVancouver, British Columbia--(Newsfile Corp. - October 19, 2021) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") is pleased to report that the 50/50 joint venture (the \"JV\") between the Company and Agnico Eagle Mines Limited has completed the 100% acquisition of two inlier claim blocks at the JV's Douay Gold Project (\"Douay\") in Quebec, Canada. In addition, Geotech Ltd. has been contracted to complete a regional high-resolution airborne magnetic and electromagnetic (\"Mag-EM\") survey to support exploration drill targeting across 266 km² of JV-controlled ground. The Company has also appointed Wilma Lee to the position of Vice President, Compliance & Corporate Secretary, effective immediately.Highlights:The JV acquired two separate inlier claim blocks at Douay (22 total claims covering 12.3 km²) from First Mining Gold Corp. and SOQUEM (see Figure 1 for location).The acquired claims lie within the western half of the Douay property, an area the Company mapped, sampled, and drilled in two areas to top-of-bedrock in 2018 and determined to be prospective for Cu-Zn and Au-rich volcanogenic massive sulfide (VMS) mineralization.The new high-resolution Mag-EM (VTEM Plus) survey is designed to identify conductors, which can be indicators of semi-massive and massive sulfide zones, to a significantly greater depth relative to previous geophysical surveys flown in the 1970s and early 2000s.Airborne geophysical surveying will also cover the entire Joutel Gold Project (\"Joutel\"), including the Eagle-Telbel Mine Trend and observed sub-parallel trends (see Figure 2).\"Consolidating these inlier claims under JV ownership on attractive terms is vital to the Company's exploration and development strategy,\" stated Matthew Hornor, President and CEO of Maple Gold. \"We are now commencing a large airborne geophysical survey that will provide valuable data across the entire western half of our district-scale land package to support VMS targeting at Douay as well as sulfide-hosted high-grade gold targeting at Joutel, particularly along the past-producing Eagle-Telbel Mine Trend and additional sub-parallel trends. The Company would also like to thank Rona Sellers for her contribu...