Maple Gold commences Induced Polarization work to test for potential higher-grade gold lenses
(PresseBox) - Maple Gold Mines Ltd. ?Maple Gold? or the ?Company?) (TSX-V: MGM, OTCQB: MGMLF; Frankfurt: M3G -https://www.commodity-tv.com/play/maple-gold-mines-drilling-new-high-grade-extension-531-zone/ ) is pleased to announce that induced polarization (?IP?) work recently commenced at Douay, with the aim of establishing new high-grade discovery targets during the first quarter. One area prospective for new higher grade discoveries is located approximately 6km NE of the Douay deposit?s 531 Zone.
Several chargeability anomalies were defined during a 2019 IP survey, including a broad northern anomaly (the ?North IP Target?) about 3km long within the same package of rocks as the recently closed Vezza Mine (located only 12km east of the Douay property limit). Discovering new high-grade lenses of mineralisation within the Company?s greater property package has the potential to contribute significantly to conceptual mining scenarios and the Company has therefore earmarked funds for initial scout drilling in the event favourable results are obtained from the infill IP work (7 lines) at the North IP Target. Three test lines will also be undertaken in the 531 Zone area (See figure 1 below).
Maple Gold?s President and CEO, Matthew Hornor, commented: ?In addition to our drilling plans within the known resource area, we are very excited to firm up new discovery targets across our greater property package and believe the potential to discover new higher-grade gold lenses remains excellent. The broad North IP Target we defined last year sits within an area prospective for higher grade gold mineralisation similar to other nearby mines along the same break (Casa Berardi 40km to the west and Vezza 12km to the east of Douay).?
Both Casa Berardi and Vezza deposits are structurally-controlled and hosted within the Taso occurs over the northern portion of the current Douay property (Figs. 1, 2), with the North IP Target being largely undrilled.
Note: Mineralisation hosted on adjacent and/or nearby properties is not necessarily indicative of mineralisation hosted on the Company?s Douay Property.
In addition to the ?Orogenic Gold? (Casa Berardi and Vezza) and Intrusive-Related Gold (Douay) deposit types, the mafic-volcanic dominant Cartwright Hills Group to the south also contains several sedimentary and/or felsic interflow horizons that are favorable for gold-rich VMS deposits, similar Gold remains excited about, and committed to continue systematically testing these discovery targets (Fig.2 above).
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. the Company?s QA-QC standards and protocols: http://maplegoldmines.com/index.php/en/projects/qa-qc-qp-statement.
About Maple Gold
Maple Gold is an advanced gold exploration and development company focused on defining a district-scale gold project in one of the world?s premier mining jurisdictions. The Company?s ~355 kme information please visit www.maplegoldmines.com.
ON BEHALF OF MAPLE GOLD MINES LTD.
?Matthew Hornor?
B. Matthew Hornor, President & CEO
In Europe:
Swiss Resource Capital AG
www.resource-capital.ch
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Forward Looking Statements:
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Datum: 29.01.2020 - 12:01 Uhr
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