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Maple Gold Intersects New Sulfide System with Gold and Silver Showings at Regional NE IP Target at Douay

Feb 11, 2021

Maple Gold Mines Ltd.is reporting that initial assay results from the first two holes drilled at the regional Northeast IP Target in its Fall 2020 drill campaign at the Douay Gold Project have returned several anomalous gold and silver intercepts indicating the presence of a new sulfide-rich hydrothermal system. The company also announces that drilling is underway on a planned 10,000-metre Winter 2021 drill campaign. The Douay Gold Project is part of a 5050 Joint Venture (the “JV”) between Maple Gold and Agnico Eagle Mines Limited (“Agnico”) and is located in Quebec, Canada.

Initial Fall 2020 Program Highlights:

  • Initial results are from the first two holes drilled in the immediate NE IP Target area in over 25 years. 

  • Results confirmed that the NE IP chargeability anomaly corresponds to a large new sediment-hosted, sulfide-rich hydrothermal system with locally significant gold and silver values, in contrast with the mainly volcanic and intrusive-hosted gold mineralization found at the Douay mineral resource area.

  • Hole DO-20-285 intercepted multiple gold showings including 2.52 g/t Au over 1 m and 1.29 g/t Au over 0.8 m, along with significant silver (up to 68.2 g/t) and anomalous arsenic, copper (up to 0.19%), antimony, and tellurium.

  • Hole DO-20-284 encountered several narrow zones of gold mineralization between 0.1 and 0.8 g/t Au from 68 to 278 m downhole, along with significant silver (up to 43.7 g/t) and anomalous arsenic, copper (up to 0.15%), antimony, and zinc (up to 0.65%).

“To encounter semi-continuous sulfide mineralization over up to 350 metres downhole along with several gold and silver showings in the first two holes drilled into the highly prospective, 2-km-long NE IP Target area is very encouraging,” stated Fred Speidel, Maple Gold’s VP Exploration. “We are also pleased to report that the JV’s inaugural Winter 2021 drill campaign is underway, which will include further drilling at the NE IP Target. This demonstrates the commitment of the JV not only to expanding mineralization in and around the established gold resource at Douay but also to the systematic process required in making significant, new grassroots discoveries across the JV’s 400 km² joint Douay-Joutel property package.”

Tags: Quebec / Exploration / Gold / All Articles