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Maple Gold Plans First Drill Program After Completing 3D Modelling at the Eagle Mine Property
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2021) - Maple Gold Mines Ltd. (TSXV...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Plans First Drill Program After Completing 3D Modelling at the Eagle Mine PropertyVancouver, British Columbia--(Newsfile Corp. - October 7, 2021) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") is pleased to announce plans for a 2,500-3,000 metre (\"m\") Phase I drill program based on the recently completed 3D geological and structural model at the Company's 100% controlled Eagle Mine Property (\"Eagle\") in Quebec, Canada. Eagle is a 77-hectare property that hosts the historical Eagle Mine and covers a key segment of the past-producing Eagle-Telbel Mine Trend, which produced 1.1 million ounces of gold between 1974 and 1993[1] under much lower gold prices than those prevailing today. Eagle is not currently a part of the Joutel Gold Project (\"Joutel\") that is held by a 50-50 joint venture (\"JV\") between the Company and Agnico Eagle Mines Limited (\"Agnico\").Highlights:Results indicate an opportunity to extend mineralization beyond the mined-out stopes and along observed sub-parallel gold trends that were never mined nor adequately tested.Significant historical drill intercepts[2] adjacent to areas that have seen only limited drilling to-date (e.g. 32.9 g/t gold (\"Au\") over 10.4 m, 16.2 g/t Au over 9.0 m and 10.2 g/t Au over 10.2 m) all point to the high-grade gold mineralization potentially remaining at Eagle.The Company's 3D modelling and grade contouring work has identified numerous high priority drill targets, several of which will be tested as part of a planned 2,500-3,000 metre Phase I drill program expected to commence in Q4 2021. Fred Speidel, VP Exploration of Maple Gold, commented: \"When combined with the previously released 3D model results from the Telbel Mine area (see August 16, 2021 news release), these latest results from Eagle highlight the potential for near-mine extensions along the entire Eagle-Telbel Mine Trend as well as along sub-parallel target trends. Acquiring this strategic ground that hosted Agnico's first gold mining operation with the benefit of an extensive drilling database and modern tools will allow us to effectively test high priority target areas that have seen only limited exploration activity since mine closure in 1993.\"Phase 1 Drill TargetingResults from the Company's initial 3D model grade contouring work at Eagle demonstr...