Multiple High-Grade Hits At Douay Gold Project
Maple Gold Mines Ltd (TSXV: MGM) (OTCQB: MGMLF) has unveiled positive results from four step-out drill holes at the 531 Zone from the recently completed 10,270m northern winter drill campaign at the Douay Gold Project in Quebec, Canada.
Douay is held by a 50/50 joint venture between the company and Agnico Eagle Mines Limited.
Fred Speidel, VP Exploration at Maple Gold, stated the results indicate the potential for additional gold resources to be added beyond the current 2019 RPA 531 Zone underground mineral resource. Highlights include:
- 6.3 m of 2.4 g/t Au (from 462m), including 3.0m of 4.3 g/t Au;
- 9.2 m of 2.4 g/t Au (from 492.8m), including 1.5 m of 8.8 g/t Au; and 1.0m of 43.0 g/t Au with visible gold (from 526m);
- 1.3m of 4.8 g/t Au (from 542.5m); and
- 1.5 m of 5.9 g/t Au (from 299.5m) and 1.0 m of 21.7 g/t Au with visible gold (from 508.2m.
The four step-out holes were drilled to test the east-southeast (ESE) continuity of the mineralized system and specifically targeted structurally controlled, high-grade extensions at depth within the 531 Zone.
These latest results now support the continuity of the system, providing justification for additional step-out drilling to be undertaken with the aim of expanding the current RPA 2019 531 Zone underground resource towards the ESE and at depth. Opportunity also remains to expand mineralization closer to the surface.
“We have consistently obtained impressive results at the 531 Zone and these new intercepts appear to form part of a south-eastern extension that remains open for at least another 250 metres,” Mr Speidel said. “The JV looks forward to interpreting these results further once we receive additional assays for three more holes drilled in this area and to expanding the zone with further step-out drilling.”
The 531 Zone was initially discovered at Douay in 1987 and mostly drilled in 1992 and 1993 by a previous operator. The controls on gold mineralization were not well understood at the time, with the interpretation of either sub-horizontal or sub-vertical zones.
The zone was not explored from 2008 until 2019, when Maple Gold drilled hole DO-19-262 to test down-dip continuity. The 2019 drill hole was planned using the company’s updated 3D model and contributed to a pit-constrained Inferred resource estimate of 5.8Mt grading 1.51 g/t Au for contained metal content of 281,000 oz Au and an initial underground Inferred resource estimate of 1.3Mt grading 1.83 g/t Au for contained metal content of 78,000 oz Au at the 531 Zone (RPA 2019).
Since 2019, the company has continued to test targets along strike and the results from these four new drill holes indicate that the zone extends over an area of at least 700m by 160-290m.
Additional assay results from the winter 2021 drill campaign, including from three additional holes in the 531 Zone, are expected to be released over the coming months once they are received and interpreted.
For further information please visit: https://www.maplegoldmines.com
