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Maple Gold Releases Initial 3D Modelling Results from the Past-Producing High-Grade Telbel Mine at Joutel
Vancouver, British Columbia--(Newsfile Corp. - August 16, 2021) - Maple Gold Mines Ltd. (TSXV...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Releases Initial 3D Modelling Results from the Past-Producing High-Grade Telbel Mine at JoutelVancouver, British Columbia--(Newsfile Corp. - August 16, 2021) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") is pleased to release preliminary 3D modelling results from Phase II of a three-phase review of historical drill data at the past-producing, high-grade Telbel underground mine (\"Telbel\") at the Joutel Gold Project (\"Joutel\") in Quebec, Canada. Joutel is held by a 50-50 joint venture (\"JV\") between the Company and Agnico Eagle Mines Limited (\"Agnico\"). The Phase II work program (see news from May 10, 2021) involved further data verification and analysis of approximately 250,000 metres (\"m\") of historical drill results and the construction of a new 3D model for drill targeting. Highlights:Results indicate that the favourable geology hosting the Telbel deposit can be observed both along strike and at depth from the past-producing mine area.Significant, high-grade gold mineralization may be present along three distinct trends or plunges that extend outside the footprint of the Telbel Mine, as historical mining had focused on the exploitation of a single zone between the 600-m to 1,000-m levels under much different market conditions than those prevailing today.Selected historical drill intercepts1 both above (see Figure 4) and below (see Figure 5) the mined-out stopes at Telbel include:Historical drill intercepts ABOVE mined-out stopes (from surface to 500 m depth)Historical drill intercepts BELOW mined-out stopes (below 1,000 m depth) Drill core length (m)Gold grade (g/t Au)Drill core length (m)Gold grade (g/t Au)4.89.43.057.27.95.013.110.02.216.62.053.815.32.315.75.26.05.54.118.42.114.111.75.56.13.010.15.17.32.14.510.6 The model has also identified two sub-parallel gold trends beyond the main Telbel Mine horizon that have seen only limited drilling to-date.\"The results from this major data review and 3D modelling effort by the JV demonstrate the size and grade potential of gold mineralization that remains in the vicinity of the historical Telbel Mine,\" stated Matthew Hornor, President and CEO of Maple Gold. \"The next phase of work will be to fully utilize the 3D model to better interpret the geological environment and to establish and permit high-...