Maple Gold Mines Ltd V.MGM

Maple Gold Mines finds new zones with extreme potential

[BronxBull]

(PresseBox) ( Herisau , 03/23/20 )

With the crash in stock markets around the world, as if the end of the world was near, the fear of a global recession is becoming more and more a reality. With all stocks appearing to be liquidated at the moment, it is time for far-sighted investors to look for opportunities to enter relatively recession-proof sectors. This also includes, if one can hardly believe it at present, shares in commodity companies and energy suppliers.

Canadian precious metals exploration company Maple Gold Mines Ltd. (ISIN: CA5651271077 / TSX-V: MGM) made a spectacular discovery during its recent exploration work. While the company was drilling two holes in the promising zone '531' on its 'Douay' project, another zone found in '3D IP' testing that it was open in almost all directions.

As these findings can have a significant impact on the support of the current target concepts and the prioritization of the next drilling locations, the drilling within zone '531' was initially interrupted and the drilling rig moved to another location. The '3D-IP' survey also defined a new, not yet drilled target in a 600 m gap area from hole DO 20-269.

During last year's winter drilling program, Maple Gold had already intersected significant gold mineralization at hole DO-19-262, with the deeper section ending at approximately 375 meters vertical. This year’s recent expansion drilling encountered high grade mineralization down to approximately 460m in hole DO-20-262X, 5.96g / t (grams per tonne) Au (gold) over 3.5m including 11 35 g / t Au over 1.7 m .

“In addition, the results of the 'IP' investigation indicate that there may be an additional undrilled sulfide body in addition to the 'WNW' and the 'Main' zone. The extent of these targets cannot yet be determined precisely due to the lack of drilling, but it does indicate considerable potential, ” clarified Fred Speidel, VP Exploration at Maple Gold Mines - https://www.commodity-tv.com/play/maple-gold -mines-drilling-new-high-grade-extension-531-zone / -.

The completed 'DO-20-269' drill hole, located south of DO-19-262 to test potential down-dip extensions, also intersected good grades of 1.50 g / t Au over 5.2 m, including 2 41 g / t Au over 2.0 m, although one remained about 150 m from the known zone .

Exploration work is also continuing elsewhere, namely in the very promising 'NW' and 'Nika' zones, where high-grade mineralization is suspected to be near the surface. And there are, as the latest drilling results show with 3.15 g / t Au over 8.9 m at a depth of only 45 m and 1.77 g / t Au over an incredible 51 m . For cost reasons, however, Maple Gold Mines intends to take some pace from the aggressive exploration program due to the recent market turmoil, for which three drilling rigs were originally intended to be mobilized.

With other such high grade results, even the slimmed down drilling program could be enough to add significant ounces to the resources.

https://www.pressebox.de/pressemitteilung/swiss-resource-capital-ag/Maple-Gold-Mines-findet-neue-Zonen-mit-extremem-Potenzial-und-Aurania-finanziert-sich-zu-Top-Konditionen/boxid/998119