RE: BREAKOUT? news-9/10/04Lang Lake copper-gold exploration started (amended)
9/10/04
THUNDER BAY, ON, Sep 10, 2004 (Canada NewsWire via COMTEX) --
This news release originally issued September 8, 2004, is being reissued to address requirements under National Instrument Policy 43-101 Section 2.4 in regard to Disclosure of Historical Estimates. In that news release it was announced that geological map
ping and grid work had commenced on the Lang Lake copper-gold property 40 miles (64 km) west of Pickel Lake, Ontario. From Ontario Government assessment files (Ministry of Northern Development and Mines, mndm) a resource of 23 million tonnes grading 0.35% copper was reported by Hanna Mining under the direction of Dr. Nelson Hogg in 1968-1969. This resource was calculated prior to the standards and requirements outlined by NI43-101 and the CIMM (Canadian Institute of Mining and Metallurgy). The drill holes used for this resource estimate were in a series of drill sections at 100 foot centers (30 m) along a strike length of 350 feet (100 m) with a second lense being another 150 feet (50 m) to the east. Over 68 holes have been drilled. The reporting of this historical occurrence of chalcopyrite (copper) mineralization hosted in a magnetite bearing volcanic intruded by porphyry was to indicate the presence of a mineralized zone in a unique setting and was not reported to indicate the presence of any economic resource based on the existing data. The mention of the copper mineralization is, however, very relevant in terms of future exploration and how one may explore for additional mineralization. Since a weak EM (electromagnetic conductor) is associated with the zone, 5 other untested conductors with associated IP (induced polarization) responses within 1000 m of the original zone are now important drill targets.
The assay certificates for each drill hole were contained in the assessment files and were issued by a certified laboratory in Winnipeg and, as a result, it is the opinion of the qualified person that these results are reliable. Therefore, this resource is best categorized as an Inferred Mineral Resource based on the definition by the CIMM, since it will require further infill drilling to establish grades. The previous logging and splitting appears to have been carried out in a professional manner. Some of the drill core has been located and examined in the field, however, due to a large forest fire in June 2003 the core boxes were destroyed and, therefore, individual intervals cannot be reassayed and verified. However, split sections were found in the core pile which were mineralized with chalcopyrite and magnetite.
Drill casings and old trenches have been located as well as the original base line (in unburned swamp areas) and it is now possible to accurately reconstruct the location of the mineralized zones relative to the IP and geochemical anomalies. A ground EM-magnetometer survey will be completed in September to confirm the location of the other airborne magnetic-EM targets.
Pursuant to a property option agreement, Maple and East West have the option to acquire a 100% interest in the Lang Lake Property, subject to a 2% NSR. Robert S. Middleton, P. Eng., is the designated Qualified Person and is responsible for the verification and quality assurance of the exploration data and analytical results.
Maple Minerals Corp. is a Toronto based resource company with properties in Africa, Canada and the Dominican Republic. For more information about Maple, please visit the company's website at www.mapleminerals.com.
This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Maple's results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Maple disclaims any intent or obligation to update these forward-looking statements.
The TSX Venture Exchange does not take responsibility for
the adequacy or accuracy of this release.
VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: https://www.newswire.ca/en/releases/orgDisplay.cgi?okey=37681
For further information: Gino Falzone, President, falzone(at)mapleminerals.com, (416) 643-7630
News release via Canada NewsWire, Toronto 416-863-9350
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