RE: MPMFor more information on Maple please visit www.mapleminerals.com.
Maple Minerals is a Toronto based mineral exploration resource company with properties in Africa, Canada, and the Dominican Republic. Maple recently began drilling in the Kaloum Igneous Complex (KIC), Mt. Kakoulima Property in Guinea, West Africa, exploring polymetalic deposits containing nickel, copper, cobalt and platinum group metals. The KIC appears fertile for the formation of nickel sulphides and the basal contact has a favourable orientation for exploration. Exploration was based on a geologic concept which has now been verified. The next phase is to hunt for economic deposits.
Maple's project partner is FNX Mining Company Inc. (FNX). In January 2004 Maple entered into a property option agreement with FNX, whereby Maple could earn a 50% interest in the Mt. Kakoulima Property located in Guinea, West Africa. FNX, Sudbury's third largest nickel producer and Mt. Kakoulima Property drilling supervisor, recently compared the Mt. Kakoulima Project to the Jinchuan nickel-copper model in China, the world’s third largest producer of nickel.
Maple benefits from the expertise of a proven, world class nickel exploration team and is very well leveraged to any exploration success. Maple has no material debt with only 13.7 million shares outstanding and approximately $2 million dollars in the bank. Principal shareholders include Brownstone Ventures Inc., with a 19.9% equity interest and AGF Precious Metals with an 11% equity interest.
Maple’s property interests are in Africa, the Dominican Republic and Canada with properties in Ontario and one claim group in Quebec. Maple is drilling for prospective gold and copper discoveries in the Shebandowan Greenstone Belt in Thunder Bay, Ontario. This area of approximately 13,000 hectares covers the extension of Freewest Resource’s La Rose showing, Pele Mountain’s Moss Lake gold deposit and Canadian Golden Dragon’s Vanguard discovery. A 2,000 metre drilling program is in progress on this group of claims.
A research report on Maple Minerals Corp., prepared by Gregory Huffman of Toll Cross Securities Inc., is available from Maple Minerals Corp., tel. (416) 643-7630.
The exploration target at Mt. Kakoulima is nickel-copper sulphide minerization located at the basal contact of the Kaloum Igneous Complex (KIC). Basal contacts are the most common location for nickel-copper sulphide mineralization (as at Sudbury), the KIC is the largest mafic to ultramafic dyke-like body in the world where the basal contact has not been tested. The North Grid hosts the most sulphide mineralized float and the best geological anomalies.
In December 2004, drilling confirmed the initial concept of the basal contact structure in the North Grid of the Mt. Kakoulima Property and disseminated sulphide zones intersected in holes AF0007 to AF0012. Basal contact of the KIC was established in the West Grid in November 2004 after drilling 1,081 metres in four boreholes. Drilling continues in the principal exploration area on the North Grid with the initial set-up down stratigraphy of the initial Semafo discovery area which yielded a one metre thick horizon of massive sulphide with average grades of 3.6% Ni, 1.1% Cu, 0.15% Co and 3 g/t Pt+Pd+Au. An additional 4,000 metres are planned for this phase of the drilling.
North Grid drilling confirmed the base of the KIC dips to the south (inwardly) along it’s northern contact. The intrusion is approximately 60 km long, the property license covers 30 km of the contact on the North and South margins. The basal contact of the intrusion dips approximately 45 degrees inward with potential to provide traps for concentrating sulphides. Rock types encountered are consistent with other mineralized mafic-ultramafic intrusions and contamination of the intrusion by gneissic wall rocks is a positive feature. Rocks along KIC’s basal contact host local brecciation associated with disseminated sulphides. Two diamond drill holes have intersected disseminated sulphide mineralization at the base of the intrusion in favourable magnesian host rocks over a 1.6 km strike length. Assays will determine the nickel (as well as Cu, Co and PGE) content of the sulphides. Initial assays are expected early in the new year.
“The KIC appears fertile for the formation of nickel sulphides and the basal contact has a favourable orientation for exploration. The exploration program started out based on a geologic concept. We have now verified the concept. The next phase is to hunt for economic deposits,” Mr. Gino Falzone, President of Maple.
Maple Minerals' Mt. Kakoulima Project has been validified. A 37 page report is available by clicking on Mont Kakoulima Project Report below; an updated report of drill results and the new campaign will be available soon. You will receive updates on the latest Maple developments.
click here >https://www.mapleminerals.com/pdf/KakoulimaLuncheon.pdf Mont Kakoulima Project Report - FNX/Maple Option PowerPoint slides; September 2004 Luncheon Presentation to Investment Community on Maple’s and FNX’s Mt. Kakoulima Project by Catharine Farrow, Chief Geologist of FNX Mining Company Inc.
click here >https://www.stockhouse.ca/exec_casts/co_detail.asp?tickerSymbol=V.MPM&edition=Aug2004 Audio Clip: Interview with Gino Falzone, President, Maple Minerals Stockgroup SmallCap Executive Broadcast, November 2004
click here >https://www.mapleminerals.com/pdf/reprint-Sep24.pdf The Northern Miner article "FNX, Maple to drill Mt. Kakoulima" (September 2004)
click here > https://www.mapleminerals.com/drilling.asp Pictures - Drilling at Mt. Kakoulima
click here > https://www.mapleminerals.com/sulfides.asp Pictures - Disseminated Sulphides at Mt. Kakoulima