Business
Maple Gold Completes 6,050 Metre Drill Campaign at Douay
Montreal, Quebec--(Newsfile Corp. - April 30, 2019) - Maple Gold Mines Ltd. ( TSXV: MGM) (OT...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Completes 6,050 Metre Drill Campaign at DouayMontreal, Quebec--(Newsfile Corp. - April 30, 2019) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") has completed its winter 2019 drilling program, with approximately 6,050 metres drilled in 15 holes, distributed across the Nika, Porphyry, 531 and Exploration Target areas (see Fig. 1). Several of the drill-holes were drilled to greater than planned depths as a result of visually significant sulfide mineralisation noted at the originally planned depths. The primary objective of this work was to demonstrate continuity of higher grade areas both near surface and at moderate depths (at or beyond base of conceptual pit depths). All of the holes, including exploration drilling 1km south of the resource area, encountered visually significant sulfide mineralisation; all assays are pending. About half of the drill core has been sawed to-date; Maple Gold's in-house technicians will complete this work in the coming weeks to prepare samples for shipment to ALS Laboratory. Assay results are expected to be released as received over the course of the next 8-10 weeks.Maple Gold's VP Exploration, Fred Speidel, commented: \"Our drilling within the Nika and Porphyry Zones was designed to follow up on some of our best results from 2018, with the aim of extending zones and confirming continuity of higher-than-deposit-average-grade mineralisation within these respective areas. We are equally excited about pending results from the more limited drilling we completed at the 531 Zone and Exploration Target; the latter has very limited drill density, has not been drill tested for years and our updated geological model gives us reason to believe there is excellent potential for new discoveries there.\"Additional Drill Campaign Details2019 contract drilling costs were approximately 15% cheaper on a per-metre basis than in 2018, and drill program support costs were also reduced. The Company was pleased to surpass its targeted meterage with this 15-hole campaign and believes the results and new data will make meaningful contributions to the Company's evolving deposit-wide 3D models. Nika Zone: 1,794 metres drilled (4 drill-holes)These holes tested near surface and moderate depth extension of the new Nika Zone discovered in 2018, in particular DO-18-218 (5...