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Maple Gold Details Significant New Exploration Target Area South of Known Resource at Douay
Montreal, Quebec--(Newsfile Corp. - November 12, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (O...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Details Significant New Exploration Target Area South of Known Resource at DouayMontreal, Quebec--(Newsfile Corp. - November 12, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") is pleased to announce that results from recently completed geophysical surveys have allowed definition of a new and highly prospective target area south of the known mineral resource at the Company's Douay Gold Project in northern Quebec, Canada. The Company now plans to incorporate drilling at this target as part of its Fall 2020 drill program which is currently underway.The Company recently completed geophysical surveys consisting of an Induced Polarization (\"IP\") grid extending well south of the mineral resource area, which outlined one of the strongest chargeability anomalies (up to 30 mV/V) known across the entire Douay property. The newly defined chargeability anomaly, named the P8 Target, covers a 1.2 km2 area starting approximately 0.7 km south of the Porphyry Zone and partially overlaps one of the broadest (>400 m strike) airborne Electromagnetic (\"EM\") conductors identified on the property from an airborne survey completed during 2016 (see Figures 1, 2 and 3 below). Fred Speidel, Vice-President, Exploration for Maple Gold, commented: \"The P8 Target is geophysically unlike any other known mineralized zone at Douay for the strength and scale of overlapping chargeability and conductivity responses. While there are some geological similarities to our existing gold resources such as the higher grade Douay West and 531 zones, the target also exhibits geological and geophysical similarities with the pyritic gold mineralization characteristic of the past-producing Telbel mine area, which was discovered by drilling coincident ground magnetic and EM anomalies.\"\"This new chargeability target is another example of the significant discovery potential across the Company's large property package. Similar environments are also found in several areas on the Douay property, where the Company continues to apply models and target concepts that leverage the Company's understanding of other high-grade gold mines in the immediate area,\" concluded Mr. Speidel.The Company has requested additional permits to include drill sites at this target to test the area for potentially higher-grade gold ...