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Maple Gold Completes Regional Airborne Mag-EM Survey and Identifies New Drill Targets at Douay and Joutel
Vancouver, British Columbia--(Newsfile Corp. - July 19, 2022) - Maple Gold Mines Ltd. (TSXV: ...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Completes Regional Airborne Mag-EM Survey and Identifies New Drill Targets at Douay and JoutelVancouver, British Columbia--(Newsfile Corp. - July 19, 2022) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") is pleased to announce that the 50/50 joint venture (the \"JV\") between the Company and Agnico Eagle Mines Limited has completed a regional airborne magnetic and electromagnetic (\"Mag-EM\") survey to support exploration drill targeting across 278 km2 of JV-controlled ground, including the western half of the Douay Gold Project (\"Douay\") as well as the entire Joutel Gold Project (\"Joutel\") in Quebec, Canada. Results from the new Mag-EM survey were analyzed alongside existing geological and geophysical data to identify anomalies of interest throughout the survey area that are prospective for pyritic gold and volcanogenic massive sulphide (VMS) styles of mineralization.Fred Speidel, VP Exploration of Maple Gold, stated: \"A key pillar of our strategy is to focus drilling and exploration work in areas that exhibit potential for additional larger and higher-grade mineralized zones at Douay, while also testing the resource potential that remains along and beyond the entire past-producing Eagle-Telbel mine trend at Joutel. We are already drilling step-out and deep targets at both projects and these new Mag-EM survey results point to additional targets not only in the Eagle-Telbel mine area and along its lateral extensions, but also on the greater Douay property, where the Company previously identified VMS targets via prospecting in 2018. We look forward to testing this next set of targets in upcoming JV drill campaigns.\"Interpretation and Summary of ResultsThe JV is currently ranking and prioritizing at least four (4) conductive target areas from the new Mag-EM survey for future drill testing (see Figure 1 for locations): Joutel Targets include several EM anomalies within ~2-3 km of the historical Eagle, Telbel and Eagle West deposits that have very limited drilling. These deposits appear as discrete ~250 m diameter conductive zones aligned along a well-defined northwest trend. Known gold mineralization at Joutel is found along a series of subparallel structures over a strike length of at least 6 km along the Harricana/Joutel Deformation Zones associated with the Casa ...