Sunday 17th December 2017

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New mineralogical understanding brings new focus to Maple Gold Mines’ Douay drill program

by Greg Klein | November 29, 2017

New mineralogical understanding brings new focus to Maple Gold Mines’ Douay drill program

A chart outlines the new target area as well as five priority clusters for a resource update.

 

Heralding “significant breakthroughs” in recognizing the Douay project’s similarities to other Abitibi deposits, Maple Gold Mines TSXV:MGM looks forward to more drilling in mid-January. The company, formerly Aurvista Gold, spent several months re-evaluating previous drill results and identifying a new target area to share priority with resource expansion.

The 37,000-hectare property stretches 55 kilometres of strike along Quebec’s Casa Berardi fault zone.

New mineralogical understanding brings new focus to Maple Gold Mines’ Douay drill program

Field preps begin for a program of 25,000 to
30,000 metres at Maple Gold Mines’ Abitibi project.

Following the last winter-spring program, Maple re-logged over 5,000 metres of selected core and conducted initial interpretation of XRF geochemical data from over 46,000 core samples. One breakthrough was the realization that syenitic intrusive rocks in the current resource area, about seven kilometres long, extend for an additional three kilometres in strike. Another breakthrough was a new high-priority target that’s “virtually untested by previous diamond drilling.”

A syenite-associated gold system hosts most of Douay’s current resource, which uses a base case 0.5 g/t cutoff for seven zones totalling an inferred 83.3 million tonnes averaging 1.05 g/t for 2.81 million gold ounces. The deposit remains open along strike and down plunge. “This intrusive-associated style of mineralization is also present at several recently discovered and/or developed Abitibi deposits, including Malartic, Young-Davidson and Windfall,” the company emphasized.

The new high-priority area, called the NE Syenite target, lies 2.6 kilometres from Douay’s Porphyry zone. Measuring about six kilometres by one kilometre, the area features a paired high/low magnetic response and underwent eight RC holes that intersected syenite or felsic intrusive rock, the company explained. A single historic diamond drill hole found about 150 metres of syenite and foliated mafic tuff. Maple has at least 11 holes planned for the target.

Another priority will be step-out drilling from the resource area, focusing on five clusters of impressive past results.

Maple also plans a remote spectral geology survey over outcrops west of the deposit to set targets for summer mapping and geochemical sampling.

Maple’s behind-the-scenes prepping coincided with a company transition, bringing new turf that more than doubled the property size, a new technical advisory committee, new management and board appointments including Ivanhoe veteran Matthew Hornor as president/CEO, and $10.1 million in private placements, as well as the new company name and ticker.

Douay’s last drill program sunk 59 holes for 23,965 metres, with the final assays released in July.

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