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Maple Gold defines new NE target based on results of winter 2019 Induced Polarization program
Montreal, Quebec--(Newsfile Corp. - June 12, 2019) - Maple Gold Mines Ltd. ( TSXV: MGM) (OT...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold defines new NE target based on results of winter 2019 Induced Polarization programMontreal, Quebec--(Newsfile Corp. - June 12, 2019) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") is pleased to report results from the 40.4 line-km winter Induced Polarization (\"IP\") program, for which the final report was recently received. Highlights include the definition of several combined high chargeability and low resistivity targets east of and along trend from the resource area, as well as more subtle but broad and continuous chargeability highs to the NE. This IP program was designed to test a 4x4km area for the presence of disseminated and/or semi-massive to massive sulfide systems covering part of the eastern extension of the resource area trend, as well as the major lithotectonic break between Cartwright Hills Group basalts to the south and Taibi Group sedimentary rocks to the north, where the Company interprets the northern boundary of the Casa Berardi Deformation Zone to be located. While the area of the southern group of IP anomalies has seen a modest amount of historical drilling, these anomalies are mostly open to depths (>400m) typically not reached by previous drilling, and much less by historical IP surveys. The northern chargeability anomaly, which is continuous for about 3.2km along strike, has only a single historical drill-hole.The northern target is continuous and relatively consistent over a strike length of over 3km, and is mostly open to depth. While the magnitude of the anomalies is expected to be attenuated by relatively thick, in part conductive overburden, the NE target anomalies are significantly stronger than those obtained in a similar (\"OreVision\") IP survey performed by Abitibi Geophysics in 2013 over part of the Porphyry Zone. The southern targets extend for a distance of at least 2.6km along strike, open to the west (towards the resource area) and show narrower, more confined responses more typical of structurally- or lithologically-controlled sources. Maple Gold's President and CEO, Matthew Hornor, commented: \"It is highly encouraging that modern IP surveys are now able to see to such depths in areas of glacial cover, and that with this method we will be able to pinpoint the location of sulfide systems prior to drilling them. We look forw...