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Maple Gold Intersects High-Grade Gold at 531 Zone and Provides Exploration Update for the Douay Project
Vancouver, British Columbia--(Newsfile Corp. - March 29, 2021) - Maple Gold Mines Ltd. (TSXV:...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Intersects High-Grade Gold at 531 Zone and Provides Exploration Update for the Douay ProjectVancouver, British Columbia--(Newsfile Corp. - March 29, 2021) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") is pleased to report additional drill results from its Fall 2020 campaign and an update on exploration work currently underway at the Douay Gold Project. Located in Quebec, Canada, the project is held by a 50/50 Joint Venture (the \"JV\") between Maple Gold and Agnico Eagle Mines Limited.Fall 2020 Drill Program ResultsThe Company has received and interpreted assay results from an additional five holes that were drilled as part of its Fall 2020 drill campaign. These holes were drilled with the aim of expanding resources in and around the existing Douay mineral resource near the Main Zone and at the 531 and Porphyry Zones (see Figure 1). A highlight was hole DO-20-288 which was drilled at the 531 Zone and encountered multiple higher-grade intercepts. These include:6.95 g/t Au over 1.2 m from 334 m downhole;5.1 g/t Au over 2.0 m from 459 m downhole, including 9.87 g/t Au over 1.0 m; and3.34 g/t Au over 3.0 m from 465 m downhole, including 8.98 g/t Au over 1.0 m. Fred Speidel, Maple Gold's VP Exploration and General Manager of the JV, commented: \"Results from the Fall 2020 program support the continuity of mineralization in several areas of the Douay mineralized resource that were previously widely drilled. We are particularly encouraged by results from the 531 Zone, where we had previously seen some of the broadest higher-grade intercepts on the property, notably those from the Winter 2019 drill program (see news from June 5, 2019). Our current interpretation is that multiple sub-parallel mineralized zones thicken eastward at the 531 Zone, and this interpretation is currently being tested as part of the JV's winter 2021 drill campaign. At least four new holes will be drilled on the southeast extension of the 531 zone which we hope will allow for additional expansion of resources in this area beyond the significant additions already recorded in the 2019 RPA Technical Report.\"\"Several mineralized zones in the 531 Zone are associated with distinctive pyritic siliceous interflow sedimentary horizons, which reflect temporary interruption of basaltic volcanism responsible for...