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Maple Gold Targets High-grade Extension at SE Edge of Porphyry Zone08.03.2018 | 16:43 Uhr | GlobeNewswire
MONTREAL, March 08, 2018 (GLOBE NEWSWIRE) -- Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-V:MGM) (OTCQB:MGMLF) (Frankfurt:M3G) is pleased to announce that the Company received its fourth and final permit and is now fully permitted for all drill sites and ramping up significantly with five drill rigs now on site. The Douay Gold Project hosts several known higher-grade “plums” with variable diameters, with limited follow-up drilling within 100-250 metres in several directions in some cases, and therefore these areas represent a significant opportunity to add higher-grade resources to the deposit.
Maple Gold is currently drilling one of these high-priority extension targets on the southeast edge of the Porphyry Zone with a fence of three (3) drill-holes that will aim to extend that mineralization beyond the current resource model. This drilling will build on previous intercepts of 4.08 g/t Au (uncut) over 28m from 82m, including 8.4 g/t Au over 11m in hole DO-11-61, as well as 2.33 g/t Au (uncut) over 24.4m from 120.4m in hole D93-16 (all lengths are down the hole). http://www.globenewswire.com/NewsRoom/AttachmentNg/de38b916-c12a-47a7-a5a1-799852d5cc89 http://www.globenewswire.com/NewsRoom/AttachmentNg/4c85796a-4d61-4aa8-b628-738bd2d2e2ee Maple Gold’s President & CEO, Matthew Hornor, stated: “Our team spent significant time generating drill targets during the back half of 2017. Now that we received our final permit last week, we are ramping up and moving drill rigs to our most exciting targets. Drill results will be announced in batches as drilling is completed on specific target areas so our shareholders can follow the progress of our various objectives.” Qualified Person The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred Speidel, M. Sc, P. Geo., Vice-President Exploration, of Maple Gold. Mr. Speidel is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration information disclosed in this news release through his direct participation in the work. About Maple Gold Maple Gold is a well-funded gold exploration company focused on advancing a district-scale gold project in one of the world’s premier mining jurisdictions. The Company’s 370 km² Douay Gold Project is located along the Casa Berardi Deformation Zone within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project has an established gold resource that remains open in multiple directions, with excellent infrastructure and several large scale operating mines within this prolific mining district. Maple Gold has a significant drill campaign under way to expand on the known Resource Areas and test new discovery targets within the Company’s 55 km of strike along the Casa Berardi Deformation Zone. For more information please visit www.maplegoldmines.com. ON BEHALF OF MAPLE GOLD MINES LTD. “Matthew Hornor” B. Matthew Hornor, President & CEO For Further Information Please Contact: NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE. Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed reasonable at the time they were made or in certain cases, on third party expert opinions. Such forward-looking statements involve known and unknown risks, and uncertainties and other factors that may cause our actual events, results, performance or achievements to be materially different from any future events, results, performance, or achievements expressed or implied by such forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.maplegoldmines.com. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. Dieser Artikel stammt von Rohstoff-Welt.de
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