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Maple Gold provides exploration update

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Global Mining Review,

Maple Gold Mines Ltd. has provided an update on ongoing exploration activities at its 100%-controlled Eagle Mine Property, located in Québec, Canada.

Maple Gold provides exploration update

The company is completing a compilation of current and historical drill data, new downhole electromagnetic (EM) conductor data, and the regional airborne geophysical survey data acquired by the company in 2022. Drill target definition and permitting has been initiated for a planned approximately 5000 m follow-up drill programme in 2023, that will test undrilled zones with significant grade and volume potential.

The company expects to receive and report remaining assay results from completed drilling at Eagle in 1Q23. Once final results are received, the company will be updating its 3D model with new drilling and geophysical data to generate new sections and level plans and refine additional priority targets. The immediate focus of the 2023 drill programme will be potential extensions of known high-grade (>5 g/t) gold (Au) mineralisation, including areas up/down-plunge of EM-22-015, which returned seven separate intercepts, highlighted by 10.3 g/t Au over 7.8 m.

Gold mineralisation within the main mine horizon at Eagle is generally oriented northwest-southeast, which is consistent with modelled stratigraphy. New Maxwell plate modelling of downhole EM conductors at Eagle is consistent with this overall northwest-southeast trend; however, one of the EM anomalies is best modelled as a planar feature at high angles to the overall trend, suggesting that gold mineralisation may be controlled not only by stratigraphy, but also by cross-cutting structures, which are also supported by 3D drone magnetic inversion trends. The new downhole EM survey data provides support for the company’s interpreted northeast-southwest trending cross-plunge potentially linking high-grade results from EM-22-015 to intercepts located approximately 60 m up-plunge in historical hole E-19 (19.6 g/t Au over a similar 7.9 m width). Additional historical drill holes intersected >5g/t Au roughly 250 m further down-plunge of EM-22-015, highlighting the grade and volume potential of a new zone that will be tested via follow-up drilling in 2023.

“We are excited by the new downhole EM results, which contribute key elements to our evolving 3D model for Eagle,” stated Fred Speidel, VP Exploration of Maple Gold. “This data is extremely valuable as it provides key information up to approximately 300 m surrounding any given drill hole, which can help guide us towards new potential gold zones. The company views this and other open target areas at Eagle as an excellent opportunity to define additional high-grade ounces, and we look forward to commencing initial follow-up drilling in 2Q23.”

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Gold mining news Canadian mining news North American mining news