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Highlights:
- Results indicate an opportunity to extend mineralization beyond the mined-out stopes and along observed sub-parallel gold trends that were never mined nor adequately tested.
- Significant historical drill intercepts[2] adjacent to areas that have seen only limited drilling to-date (e.g. 9 g/t gold ("Au") over 10.4 m, 16.2 g/t Au over 9.0 m and 10.2 g/t Au over 10.2 m) all point to the high-grade gold mineralization potentially remaining at Eagle.
- The Company's 3D modelling and grade contouring work has identified numerous high priority drill targets, several of which will be tested as part of a planned 2,500-3,000 metre Phase I drill program expected to commence in Q4 2021.
Phase 1 Drill Targeting
Results from the Company's initial 3D model grade contouring work at Eagle demonstrate the potential for relatively shallow mineral resources to be defined through further confirmation drilling as well as the untested potential below the previously mined-out areas (see Figure 1). The Eagle longitudinal section has also identified district-scale and deposit-scale southeast plunges of mineralization similar to those interpreted at Telbel as well as potential intersections at depth with interpreted deposit-scale cross-plunges.
The Company's targeting methodology involves selection of higher-grade (>2.5 g/t Au) areas where limited drilling, typically on the edges of the target area, has yielded significant intercepts, as measured by metal factors (grade x thickness) greater than or equal to 25 g/t-m.
In addition to targets within the main mine horizon, Maple Gold has identified compelling targets between 50-200 m to the south that could represent multiple mineralized horizons along a northwest-southeast orientation at Eagle. The Company is in the process of submitting permit applications for multiple drill sites to allow for initial step-out holes in these areas during Q4 2021, with success-based follow-up drilling planned during Q1 2022 (see Figures 2-3).
In addition to relatively near-mine extension opportunities at Eagle, the Company will also be targeting an area approximately 200 m to the south where a historical drillhole (E-62W) intersected 23.7 g/t Au over 3.3 m, described as mineralized tuff with 60% pyrite, in a sparsely drilled area (see Figure 3).
The interpreted splay at the northwest end of the Eagle mine horizon (see Figures 3-4), which contains several significant and shallow (within the top 100 m) intercepts and has seen no drilling either at depth or along strike (particularly to the northwest), represents another compelling exploration target.
Next Steps
The Company expects to commence Phase I drilling at Eagle in
Qualified Person
The scientific and technical data contained in this press release was reviewed and prepared under the supervision of
Quality Assurance (QA) and Quality Control (QC)
Quality Assurance ("QA") and Quality Control ("QC") protocols applied to the historical drilling data used to generate the Eagle-Telbel 3D modelling included field surveying of historical grids in order to establish spatial relationships with the UTM grid, a two-stage visual validation of compilation results including a first pass by the contractor doing the compilation work along with further validation of drill hole locations and orientations, assay validation to eliminate data entry errors, and an ongoing re-examination of a limited number of original drill logs and verification of a minimum of 5% of drill holes and assay intervals. As part of its modelling work at Eagle, the Company performed data verification and analysis of historical drill data and has re-logged more than 1 km of physical drill core. The Company believes that the compiled data and associated 3D model accurately represent the historical drilling and assay data collected within the
About Maple Gold
The district-scale property also hosts a significant number of regional exploration targets along a 55 km strike length of the
Forward Looking Statements:
This press release contains "forward-looking information" and "forward-looking statements" (collectively referred to as "forward-looking statements") within the meaning of applicable Canadian securities legislation in
[1] Production figures were provided by Agnico and are historical in nature
[2] Results are historical in nature and are non-compliant with NI43-101 standards. However, the Company believes that the data quality is sufficient to support mineral resource estimation purposes subject to confirmation drilling.
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