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Maple Gold Outlines VMS-Focused Exploration Targeting and Summer Field Program
Vancouver, British Columbia--(Newsfile Corp. - May 18, 2023) -   Maple Gold Mines Ltd. (TSXV...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Outlines VMS-Focused Exploration Targeting and Summer Field ProgramVancouver, British Columbia--(Newsfile Corp. - May 18, 2023) -  Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") is pleased to provide an update regarding property-wide volcanogenic massive sulfide (\"VMS\") targeting and plans for a summer field program at the Douay and Joutel Gold Projects (\"Douay\" and \"Joutel\", respectively) located in Québec, Canada, which are held by a 50/50 joint venture (the \"JV\") between the Company and Agnico Eagle Mines Limited. The Company is also planning VMS exploration work at its 100%-owned Morris Project (\"Morris\") located approximately 30 kilometres (\"km\") east of the town of Matagami in Morris Township, Québec.The JV's primary focus remains on testing resource expansion targets at Douay and testing prospective near-mine extension targets in the Telbel mine area at Joutel. However, the Douay and Joutel projects each have demonstrated potential for gold and base metals VMS mineralization, as is illustrated by a series of targets previously defined by field mapping and geophysical surveying across the combined 400 km² property package (see news from July 19, 2022). Under the terms of the JV agreement, the partners agreed to jointly fund C$500,000 in exploration on VMS targets on the western portion of Douay (see news from February 3, 2021). Summary of VMS-focused exploration and corporate initiatives:The Company's mapping, sampling and top of bedrock drilling during 2018 identified six (6) priority target areas for potential base metals and gold-rich VMS mineralization (see press release November 14, 2018).The Company subsequently appointed Dr. Gérald Riverin, a recognized VMS expert with 40+ years of experience in the Abitibi Greenstone belt, to its board of directors and Technical Advisory Committee (see news from June 9, 2020).In late 2021, the JV consolidated two (2) inlier claim blocks covering 22 claims and 12.3 km² of ground in the central portion of Douay in an area deemed prospective for zinc and copper mineralization (see news from October 19, 2021).Also in 2021, the Company acquired 100% of Morris and completed preliminary ground geophysics and lithogeochemical sampling. In 2022 and 2023, the Company completed deep penetrati...