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Maple Gold outlines VMS-focused exploration targeting and summer field programme

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Global Mining Review,


Maple Gold Mines Ltd. has provided an update regarding property-wide volcanogenic massive sulfide (VMS) targeting and plans for a summer field programme at the Douay and Joutel Gold Projects, located in Québec, Canada.

Maple Gold outlines VMS-focused exploration targeting and summer field programme

The projects are held by a 50/50 joint venture (JV) between the company and Agnico Eagle Mines Ltd. The company is also planning VMS exploration work at its 100%-owned Morris Project, located approximately 30 km east of the town of Matagami in Morris Township, Québec.

The JV’s primary focus remains on testing resource expansion targets at Douay and testing prospective near-mine extension targets in the Telbel mine area at Joutel. However, the Douay and Joutel projects each have demonstrated potential for gold and base metals VMS mineralisation, as is illustrated by a series of targets previously defined by field mapping and geophysical surveying across the combined 400 km² property package. Under the terms of the JV agreement, the partners agreed to jointly fund CAN$500 000 in exploration on VMS targets on the western portion of Douay.

Summary of VMS-focused exploration and corporate initiatives:

  • The company’s mapping, sampling and top of bedrock drilling during 2018 identified six priority target areas for potential base metals and gold-rich VMS mineralisation.
  • The company subsequently appointed Dr. Gérald Riverin, a recognised VMS expert with 40+ years of experience in the Abitibi Greenstone belt, to its board of directors and Technical Advisory Committee.
  • In late 2021, the JV consolidated two inlier claim blocks covering 22 claims and 12.3 km² of ground in the central portion of Douay in an area deemed prospective for zinc and copper mineralisation.
  • Also in 2021, the company acquired 100% of Morris and completed preliminary ground geophysics and lithogeochemical sampling. In 2022 and 2023, the Company completed deep penetrating pulse electromagnetic (PEM) surveys that outlined a 3 km long conductive zone adjacent to a favourable rhyolite unit.
  • In 2022, the JV completed a regional airborne magnetic and electromagnetic (Mag-EM) survey to support exploration drill targeting, which identified 55 targets within four primary target areas prospective for pyritic gold and VMS mineralisation. After geophysical review, 16 of these targets were selected for priority follow-up.
  • In 2023, the company appointed Paul Harbidge, CEO of Faraday Copper Corp., an emerging US copper developer, to its Technical Advisory Committee to further strengthen the company’s technical group and support gold and base metals exploration.
  • The JV has recently hired Dr. Marina Schofield, an expert in volcanology, structural geology and VMS systems, to lead the company’s VMS exploration efforts.

Matthew Hornor, President and CEO of Maple Gold, stated:

“We have methodically built a pipeline of prospective gold and base metals VMS targets across the large >400 km² Douay-Joutel property package and have expanded our technical expertise in order to systematically evaluate and advance a VMS-focused exploration programme.

“The past-producing high-grade Estrades zinc-gold mine is located just over 11 km to the west of Douay-Joutel and the same geologic horizon that hosted that mine appears to continue onto the western portion of the Douay property. Further to the southeast, historical regional exploration drilling along the Joutel Deformation Zone, east of the historical Eagle-Telbel deposits, has also returned anomalous zinc and gold values. We look forward to completing further cost-effective field work this summer to bring the highest priority VMS discovery targets to a drill-ready stage.”

Read the article online at: https://www.globalminingreview.com/mining/19052023/maple-gold-outlines-vms-focused-exploration-targeting-and-summer-field-programme/

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