Business
Maple Gold Provides Corporate Update and Outlook
Montreal, Quebec--(Newsfile Corp. - July 31, 2019) - Maple Gold Mines Ltd.   ( TSXV: M...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Provides Corporate Update and OutlookMontreal, Quebec--(Newsfile Corp. - July 31, 2019) - Maple Gold Mines Ltd.  (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") is pleased to provide a brief corporate recap of key developments during the first half of 2019 and H2 outlook as the Company enters the back half of 2019. 3D Geological Model:One of Maple Gold's primary objectives has been bringing the quality of technical work to major company standards. The Company's exploration team and technical committee leaders have significant major-company experience to draw from, and establishing a new 3D geological, structural and mineralisation model (see press release January 16, 2019 and Fig. 1 below) was identified as a critical next step for numerous reasons.Fig. 1: Maple Gold's 3D mineralisation model with conceptual pits and distribution of drill-holes from winter 2019 program. To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/3077/46664_maple2.jpgMaple Gold's Vice-President of Exploration, Fred Speidel, commented: \"Developing a new 3D model allows us to better understand the morphology of this large gold-rich intrusive- hydrothermal system, better define and constrain potentially economic gold mineralisation, and improve our targeting of higher grade shoots or feeders with our drill campaigns.\"Speidel added, \"We elected to drill our lone 531 Zone drill-hole this year using our new 3D model (see Fig. 1 above). The assay results from that drill-hole were within the top five ever drilled on the property. These models are dynamic and evolve as additional data is included, but the foundation we have established puts us in a great position to be more efficient with the drill-bit and accelerate our exploration and development path going forward.\"2019 Winter Drill Campaign Summary:Maple Gold completed a 6,045 metre (15-hole) drill campaign during the second half of the winter season (see press release April 30, 2019). The 2019 program came in under budget on a per metre basis and delivered a number of successes. Fourteen (14) of the 15 holes drilled intersected gold mineralisation (all assays have been reported, see corresponding press releases noted below). The Company also reported higher than deposit average grade intercepts from each of the resource...