TSXV:FGC.H - Post by User
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Opportunity1967on Feb 10, 2021 11:41am
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Interesting Maple Gold PR Today - Note FGC's Route 109, Que
Interesting Maple Gold PR Today - Note FGC's Route 109, Quehttps://www.juniorminingnetwork.com/junior-miner-news/press-releases/2494-tsx-venture/mgm/92999-maple-gold-intersects-new-sulfide-system-with-gold-and-silver-showings-at-regional-ne-ip-target-winter-2021-drill-program-underway-at-douay.html
Key Points as it relates to Route 109 - 1) Drilling is being done approx 1.5 kms south of Frontline's Boundary and 2) Route 109 : - Lies entirely within the Taibi domain sediments - Comprises km-long mafic flows intruded within the sediments. Maple references Taibi sediments below.
Key Points from the PR:
- Maple Gold Mines Intersects New Sulfide System with Gold and Silver Showings at Regional NE IP Target;
- the first two holes drilled at the regional Northeast IP Target ("NE 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.
- 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.”
- The holes were drilled 160 m apart and encountered broad zones of nearly continuous sulfide mineralization associated with highly deformed (sheared) quartz-sericite-pyrite altered sedimentary rocks of the Taibi Group, starting from top of bedrock to about 350 m downhole.