Maple Gold (MGM) has intersected bonanza-grade gold from the Porphyry Zone at its Douay Project in Quebec.
Drill hole DO-21-295 intersected 334 g/t gold over 1 m within the western portion of the Porphyry Zone. It also intersected 72.7 g/t gold over 0.7 m beyond the northern extent of the 2019 RPA NI 43-101 Resource Estimate.
At the Main Zone, DO-21-304 intersected 1.5 g/t gold over 15 m, while DO-21-306 intersected 4 g/t gold over 5 m within a broader and more variable-grade envelope that averaged 1.6 g/t gold over 15 m.
An updated Douay mineral resource estimate is expected to be completed in Q4 2021.
Additional details regarding Q4 2021 drilling sites and plans should be available in the coming weeks.
Douay is a 50/50 joint venture between the company and Agnico Eagle Mines.
Fred Speidel, Maple Gold's VP of Exploration, stated,
"Encountering multiple bonanza-grade gold zones flanking either side of the Casa Berardi North Fault highlights the significant exploration potential for the sparsely-drilled northern flank of the Porphyry Zone.
The deeper bonanza-grade gold mineralization in hole DO-21-295 remains open to the east, with just a single drill hole over more than 600 m, which provides a compelling exploration target for follow-up drilling.
We are excited to build upon the impressive results from the JV's maiden drill campaign, with drilling expected to resume in the Nika and 531 Zones in Q4 2021."
Maple Gold Mines is a Canadian advanced exploration company focused on gold projects in Quebec.
Maple Gold (MGM) is down by 3.33 per cent and is currently trading at $0.29 per share as of 9:30 am ET.