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Maple Gold Commences Drilling at the 531 Zone
Montreal, Quebec--(Newsfile Corp. - January 20, 2020) - Maple Gold Mines Ltd. ( TSXV: MGM ) ...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Commences Drilling at the 531 ZoneMontreal, Quebec--(Newsfile Corp. - January 20, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") is pleased to announce that the first drill rig has arrived at the Project and has begun testing priority high-grade targets at the 531 Zone (see figure 1). Last year Maple Gold created a new 3D model that guided the decision to drill at the 531 Zone, where no drilling had been completed since 2007. The lone drill hol e at the 531 Zone during the 2019 winter campaign (DO-19-262) cut two zones of mineralisation (51m @ 2.81 g/t Au, including 16m @ 4.58 g/t Au and 9m @ 4.92 g/t Au; and 28m @ 2.55 g/t, including 9m @ 4.71 g/t Au - see press release June 5, 2019).During the second half of the year the Company completed selective re-logging of drill cores from adjacent historical drill holes within the 531 Zone, including D-92-39, which included intercepts of 30m @ 3.3 g/t Au and 10m @ 5 g/t Au. The Company interprets these intercepts as being correlative with higher grade mineralisation in DO-19-262, which is both structurally and lithologically controlled. The 2020 drilling will aim to extend mineralisation to the south, southeast and at depth (see press release October 9, 2019). Total winter 2020 drilling at the 531 Zone is anticipated to include between 1,000 - 2,000 metres depending on initial observations and results (see figure 2 below). Maple Gold's President and CEO, Matthew Hornor, commented: \"We are excited to have drilling now underway at the 531 Zone with plans to ramp up the program shortly. Our team has completed a very significant amount of technical work over the past 18 months to establish new models, a new resource estimate and optimise our targeting efforts at Douay. We are also encouraged that 2019 delivered the biggest year on record for M&A in the Canadian gold sector and firmly believe we are positioned for a strong year.\"The Company plans to mobilize one or two additional drill rigs during Q1 to begin testing priority targets within the Porphyry, Nika, and Main Zones. One of the primary objectives for this second phase of drilling will be to define additional near-surface mineralisation at higher than deposit-average grades to support initial scoping study work to commence later this year. Total drilling for th...