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Maple Gold reports final assay results at Eagle Mine

Published by , Editorial Assistant
Global Mining Review,

Maple Gold Mines has reported results from the final 20% of assays that were received from the previously completed 14 720 m of drilling at the 100%-controlled Eagle Mine Property. The Company has also reported that more than 7000 m has now been completed (6000 m planned) at the Telbel Mine area of the Joutel Project, which is held by a 50/50 joint venture (JV) between the Company and Agnico Eagle Gold Mines Ltd.

The final batch of assays received from completed drilling at Eagle correspond to approximately 3000 m of the 14 720 m drilled to date. The results continue to demonstrate continuity of mineralisation and the potential significance of the multiple horizons/splays to the northwest of the former Eagle mine. Highlights include:

  • EM-22-008W intersected 6.2 g/t gold over 2.0 m in the South Mine Horizon (SMH) and 4.2 g/t Au over 3.9 m in sediments further downhole.
  • EM-22-006W1 intersected multiple intercepts including 6.5 g/t Au over 1.2 m and 2.0 g/t Au over 3.0 m in the SMH and 2.3 g/t Au over 3.0 m at the microgabbro/Harricana sediment contact further downhole.
  • EM-22-006W4 intersected 4.0 g/t Au over 0.7 m within a broader 1.1 g/t Au over 14.2 m intercept within the SMH.
  • EM-22-017A intersected 2.9 g/t Au over 2.0 m and additional lower grade over broader near-surface intervals (1.0 g/t Au over 15.5 m from 93 m downhole).

Matthew Hornor, CEO of Maple Gold, stated: “We have come along way since first consolidating the Joutel ground into our JV property package. All of our exploration and drilling work along the past-producing Eagle-Telbel mine trend is designed with the aim of defining high-grade zones of gold mineralisation and additional mineral resources to complement the established potentially bulk-mineable resource present at Douay. Our first year of drilling at Eagle has more than covered our exploration spending commitments to earn a 100% interest and we are now in position to finalise our compilation and model updates to support focused follow-up drilling in areas we believe have the most promise to deliver additional high-quality ounces.”

Overview summary and key takeaways from drilling at Eagle

The Eagle-Telbel Mine trend produced 1.1 Moz at 6.5 g/t Au from 1974 – 1993, during a period when the price of gold averaged approximately US$350 per oz. During the first year of the JV (2021), all historical mining, stope and drilling data was digitised to underpin a new 3D geological model. The Company signed an option agreement to acquire a 100% interest in the Eagle Mine Property and has since completed more than 21 500 m of drilling across the 4 km long Eagle-Telbel Mine trend, with 14 720 m at Eagle and more than 7 000 m (assays pending) of JV drilling at Telbel.

The Company’s drilling to date at Eagle has served to confirm that gold mineralisation is not limited to a narrow stratigraphic interval (Eagle-Telbel Mine Horizon) but instead covers a significantly broader stratigraphic interval of over 100 m straddling the Harricana Deformation Zone. Drill core observations also support the Company’s concept of a significant structural component to gold mineralisation in the form of an orogenic gold overprint.

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