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Maple Gold Outlines Follow-up Plans for Defining More High-Grade Mineralisation at the 531 Zone
Montreal, Quebec--(Newsfile Corp. - October 9, 2019) - Maple Gold Mines Ltd. (TSXV: MGM) (OT...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Outlines Follow-up Plans for Defining More High-Grade Mineralisation at the 531 ZoneMontreal, Quebec--(Newsfile Corp. - October 9, 2019) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") is pleased to provide further analysis and interpretation regarding the potential significance of the higher-grade zones intersected in the lone 2019 drill-hole at the 531 Zone (press release June 5, 2019). The Company has designed a focused 1,400 metre follow-up drill program to begin drilling the immediate target area along an east-southeast trend, which is largely untested and open for ~360m. Maple Gold's 2019 drill-hole at the 531 Zone (DO-19-262) intersected a new upper zone of 28m averaging 2.6 g/t Au, and effectively terminated in a lower zone of 51m averaging 2.8 g/t Au. The Company interprets these intercepts as linking with higher-grade mineralisation from a historical drill-hole from the early 1990's (D-92-39), which cut 30m of 3.3 g/t Au and 10m of 5.0 g/t Au (see Fig 1 below). Fig. 1: Proposed fall 2019 drilling (P2019 sites) at 531 Zone with higher-grade zones as currently interpreted. Figure completed on a reduced to pole tilt derivative magnetic base, particularly useful to show magnetic contacts. The magnetic patterns at the 531 Zone may be indicative of folding, with late faults Interpreted (from drill-core) shown with interpreted up-thrown (U) and down-thrown (D) sides. To view an enhanced version of Fig 1, please visit:https://orders.newsfilecorp.com/files/3077/48628_1b2dce8a546d7953_001full.jpgThe proposed drill program is expected to commence later this fall and will include both deepening of DO-19-262 with the objective of extending the lower mineralised zone, and the collaring of two new step-out drill-holes south (Fig 2) and east of DO-19-262. The Company has submitted applications for forestry intervention permits to allow for additional drill sites in the 531 Zone in anticipation of potential follow-up drilling during the 2020 winter season. Maple Gold's Vice-President of Exploration, Fred Speidel, commented: \"The 2019 drill intercepts on the south side of the 531 Zone, from the first hole drilled here by Maple Gold, are among the top five ever on the property, and are significantly better on a contained gold basis than any other prior hole at the 53...