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Maple Gold Reports Final Assays from First Phase of Deep Drilling at Douay and Provides Corporate Updates
Vancouver, British Columbia--(Newsfile Corp. - August 3, 2023) - Maple Gold Mines Ltd. (TSXV: MG...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Reports Final Assays from First Phase of Deep Drilling at Douay and Provides Corporate UpdatesVancouver, British Columbia--(Newsfile Corp. - August 3, 2023) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") is pleased to report complete gold assay results from the first phase of deep drilling at the Douay Gold Project (\"Douay\") located in Québec, Canada, which is held by a 50/50 joint venture (the \"JV\") between the Company and Agnico Eagle Mines Limited. The Company is also pleased to announce the appointment of Jocelyn (Josh) Pelletier, M.Sc., P.geo. as its Chief Geologist. Mr. Pelletier is both a structural geologist and a specialist in metallogeny who brings more than 20 years of progressive exploration experience primarily focused on the formation of gold deposits and porphyry copper-gold systems. The Company also announces that Joness Lang and Fred Speidel have left the Company to pursue other opportunities.At Douay, the JV completed a total of 5,793 metres (\"m\") in three new holes and two extension holes during the first half of 2023. Four drill holes were designed as deep conceptual exploration holes to test for mineralization extensions at greater depths (up to ~1,600 m vertical depth) beneath Douay's currently defined Mineral Resources, and the fifth drill hole was a shallower step-out hole to the east of the NW Zone (see Figure 1 for a plan view map depicting drill hole locations and key results, Figure 2 for a composite longitudinal section and Table 1 for a detailed summary of assay results). This first phase of widely spaced (from ~500 m to ~3,000 m between holes) deep drilling returned 10 separate intercepts >2.5 gold grams per tonne (\"g/t Au\") and four broad intervals (from ~59 to ~221 m in length) of low-grade (mostly >0.1 g/t Au) gold mineralization, demonstrating that a deep-rooted gold system is present to the current limits of drilling. Pending multi-element assays from the first phase of deep drilling will be incorporated into ongoing vectoring efforts to develop follow up targets to continue testing the depth potential at Douay from successful proof-of-concept towards potentially economic gold intercepts in undrilled zones over more than six kilometers of strike length. Highlighted Results and Key Takeaways:All five drill holes in...