Business
Maple Gold Intersects Bonanza Grade Gold Including 334.0 g/t Gold over 1.0 Metre in the Porphyry Zone at Douay
Vancouver, British Columbia--(Newsfile Corp. - October 4, 2021) - Maple Gold Mines Ltd. (TSXV...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Intersects Bonanza Grade Gold Including 334.0 g/t Gold over 1.0 Metre in the Porphyry Zone at DouayVancouver, British Columbia--(Newsfile Corp. - October 4, 2021) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") is pleased to report results from the final nine holes completed during the 10,217-metre winter drill campaign at the Douay Gold Project (\"Douay\" or the \"Project\") in Quebec, Canada. Douay is held by a 50/50 joint venture (the \"JV\") between the Company and Agnico Eagle Mines Limited. Highlights:Drill hole DO-21-295 intersected 334.0 g/t gold (Au) over 1.0 metre (m) (from 57.0 m downhole) within the western portion of the Porphyry Zone (see Figure 1 for drill hole locations), representing one of the highest-grade intercepts ever encountered at Douay. DO-21-295 also intersected 72.7 g/t Au over 0.7 m (from 358.0 m downhole), beyond the northern extent of the of the 2019 RPA NI43-101 Resource Estimate (\"RPA 2019\") Porphyry Zone conceptual pit (see Figure 2).At the Main Zone, DO-21-304 intersected 1.5 g/t Au over 15.0 m (from 428.0 m downhole), one of the better sediment-hosted intercepts reported to date. In addition, DO-21-306 intersected 4.0 g/t over 5.0 m (from 143.0 m downhole), within a broader and more variable grade envelope that averaged 1.6 g/t over 15.0 m. Additional multi-gram gold intercepts were obtained from other drill holes in this area (see Table 1 for full results).The JV's maiden drill campaign returned three of the top five intercepts ever reported at Douay in terms of gold accumulation (grade x thickness), validating the Company's targeting methodology.Fred Speidel, VP Exploration of Maple Gold, stated: \"Encountering multiple bonanza grade gold zones flanking either side of the Casa Berardi North Fault highlights the significant exploration potential for the sparsely-drilled northern flank of the Porphyry Zone. The deeper bonanza grade gold mineralization in hole DO-21-295 remains open to the east, with just a single drill hole over more than 600 m, which provides a compelling exploration target for follow up drilling. We are excited to build upon the impressive results from the JV's maiden drill campaign, with drilling expected to resume in the Nika and 531 Zones in Q4 2021.\"The Company has now reported all assay results from the win...