Sep 02, 2014
Masuparia Reports Greywacke North Preliminary Drill Results
Masuparia Gold Corporation (TSX.V: MAS) ("Masuparia" or the "Company") reports the preliminary assay results from the 2014 drill program completed on the Greywacke joint venture property (50% Masuparia, 50% Golden Band Resources Inc.). During April, 2014, Masuparia as operator completed 22 drill holes for a total of 2,088 metres within the Greywacke North zone.
The objectives of the program were to define the margins of the zone, infill information gaps and to explore for lateral extensions. The program will assist in completing an updated resource evaluation. The results were highlighted by drill hole GW14-123 which returned an interval of 20 metres of 8.09 g/t Au including 9 metres of 13.73 g/t Au. Table 1 presents the extent of elevated gold values encountered including significant mineralized intervals. Sample analyses were completed at the Golden Band Resources Jolu Mine Laboratory. All samples returning assays greater than three g/t Au were subjected to metallic assays which were used in all calculated mineralized intervals. A QA/QC protocol, incorporating standards, blanks, and duplicates, was implemented for the drill program and a review of these control samples has raised no concerns as to the validity of the results. Because the Jolu laboratory is operated by a related party, and as should be part of any comprehensive QA/QC program, a representative number of samples will be sent to an independent laboratory for third party verification of results.
Drill Hole |
From (metres) |
To (metres) |
Interval (metres) |
Au (g/t) | |||||
GW14-105 | 32 | 38 | 6 | 0.20 | |||||
GW14-106 | 73.4 | 88.4 | 15 | 0.55 | |||||
Incl | 86.4 | 88.4 | 2 | 1.97 | |||||
GW14-107 | 63 | 71 | 8 | 0.25 | |||||
Incl | 75 | 87 | 12 | 1.18 | |||||
GW14-108 | 5 | 12 | 7 | 0.19 | |||||
Incl | 24 | 26 | 2 | 2.43 | |||||
GW14-109 | 9 | 27 | 18 | 0.56 | |||||
Incl | 15 | 20 | 5 | 1.30 | |||||
GW14-110 | 0.8 | 3 | 2.2 | 0.87 | |||||
17 | 42 | 25 | 0.70 | ||||||
Incl | 19 | 28 | 9 | 1.28 | |||||
GW14-111 | 45 | 47 | 2 | 4.92 | |||||
55 | 56 | 1 | 13.19 | ||||||
61 | 65.23 | 4.23 | 0.78 EOH | ||||||
GW14-112 | 40 | 46 | 6 | 0.74 | |||||
64 | 71 | 7 | 3.23 | ||||||
Incl | 64 | 67 | 3 | 5.67 | |||||
GW14-113 | 93 | 102 | 9 | 1.32 | |||||
106 | 110 | 4 | 1.00 | ||||||
116 | 123.75 | 7.75 | 1.41 EOH | ||||||
Incl | 117 | 119 | 2 | 3.93 | |||||
GW14-114 | 7 | 31 | 24 | 0.98 | |||||
Incl | 21 | 25 | 4 | 3.66 | |||||
43 | 51 | 8 | 1.40 | ||||||
GW14-115 | 6 | 44 | 38 | 0.80 | |||||
Incl | 29 | 39 | 10 | 1.58 | |||||
GW14-116 | 93 | 119 | 26 | 0.38 | |||||
Incl | 111 | 113 | 2 | 1.63 | |||||
GW14-117 | 39 | 58 | 19 | 0.38 | |||||
58 | 66 | 8 | 5.29 | ||||||
Incl | 64 | 65 | 1 | 14.67 | |||||
GW14-118 | 118 | 130 | 12 | 1.58 | |||||
Incl | 123 | 124 | 1 | 6.50 | |||||
GW14-119 | 77 | 88 | 11 | 0.26 | |||||
GW14-120 | NSR | ||||||||
GW14-121 | NSR | ||||||||
GW14-122 | 113 | 144 | 31 | 0.74 | |||||
Incl | 126 | 133 | 7 | 1.80 | |||||
GW14-123 | 84 | 104 | 20 | 8.09 | |||||
Incl | 92 | 101 | 9 | 13.73 | |||||
GW14-124 | 96 | 105 | 9 | 2.40 | |||||
Incl | 98 | 99 | 1 | 13.18 | |||||
GW14-125 | 64 | 95 | 31 | 0.40 | |||||
133 | 143 | 10 | 0.47 | ||||||
GW14-126 | 12 | 32 | 20 | 1.30 | |||||
Incl | 25 | 30 | 5 | 3.09 | |||||
42 | 71.32 | 29.32 | 0.61 EOH | ||||||
Incl | 54 | 58 | 4 | 2.58 |
Frank Hrdy, P.Geo., (APEGS) Consulting Geologist, has acted as the Qualified Person as defined in National Instrument 43-101 for this disclosure and has reviewed and approved the scientific and technical information contained in this release. Mike Jamieson, P.Geol., of Taiga Consultants Ltd., oversaw and supervised the drill program.
About Masuparia Gold
Masuparia Gold Corporation is a Canadian mineral exploration company focused on grassroots exploration projects with world class potential. Masuparia currently is the Operator of a joint venture (LRSGJV) in the La Ronge Gold Belt of Saskatchewan with Golden Band Resources on three properties: Greywacke Lake, North Lake and Preview Lake. The Company believes the Greywacke Lake gold project to be an excellent regional exploration opportunity within the large 5,786 hectare project area. The Greywacke North deposit is at an advanced stage with several known high-grade gold-bearing zones and a NI 43-101 compliant Indicated Mineral Resource of 184,000 tonnes at 8.40 g/t Au plus an Inferred Mineral Resource of 58,000 tonnes at 7.29 g/t Au (at a cut-off of 5 g/t Au) (NI 43-101, Wardrop 2008).
On Behalf of the Board of Directors of
Masuparia Gold Corporation
Ron Netolitzky
President & CEO
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Suite 611, 675 W. Hastings Street Vancouver, British Columbia, Canada V6B 1N2
Tel: 604-685-8592 Fax: 604-669-2543 Website: www.masupariagold.com
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