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Maple Gold Provides Exploration Update and Prepares for Next Phase of Drilling at Eagle
Vancouver, British Columbia--(Newsfile Corp. - March 16, 2023) - Maple Gold Mines Ltd. (TSXV: MG...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Provides Exploration Update and Prepares for Next Phase of Drilling at EagleVancouver, British Columbia--(Newsfile Corp. - March 16, 2023) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") is pleased to provide an update on ongoing exploration activities at its 100%-controlled Eagle Mine Property (\"Eagle\") located in Québec, Canada. The Company is completing a compilation of current and historical drill data, new downhole electromagnetic (\"EM\") conductor data, and the regional airborne geophysical survey data acquired by the Company in 2022 (see news from July 19, 2022). Drill target definition and permitting has been initiated for a planned ~5,000 metre (\"m\") follow-up drill program in 2023 that will test undrilled zones with significant grade and volume potential.The Company expects to receive and report remaining assay results from completed drilling at Eagle in Q1 2023. Once final results are received, the Company will be updating its 3D model with new drilling and geophysical data to generate new sections and level plans and refine additional priority targets. The immediate focus of the 2023 drill program will be potential extensions of known high-grade (>5 grams per tonne (\"g/t\") gold (\"Au\")) mineralization, including areas up/down-plunge of EM-22-015, which returned seven (7) separate intercepts highlighted by 10.3 g/t Au over 7.8 m (see news from January 9, 2023). Gold mineralization within the main mine horizon at Eagle is generally oriented northwest-southeast, which is consistent with modeled stratigraphy. New Maxwell plate modelling of downhole EM conductors at Eagle is consistent with this overall northwest-southeast trend; however, one of the EM anomalies is best modelled as a planar feature at high angles to the overall trend, suggesting that gold mineralization may be controlled not only by stratigraphy but also by cross-cutting structures, which are also supported by 3D drone magnetic inversion trends. The new downhole EM survey data provides support for the Company's interpreted northeast-southwest trending cross-plunge potentially linking high-grade results from EM-22-015 to intercepts located approximately 60 m up-plunge in historical hole E-19 (19.6 g/t Au over a similar 7.9 m width). Additional historical drill holes intersected &g...