The JV completed a total of 7,343 metres ('m') in three (3) master drill holes and four (4) wedge drill holes, with TB-22-001 and TB-22-003 (and their respective wedges) testing the modeled down-plunge extension of gold mineralization beneath the historical Telbel workings. TB-22-002 (and its wedge) was a step-out to test the southeast continuity of the Eagle-Telbel system.
Highlighted Results and Key Takeaways: All three (3) holes intersected significant horizons of semi-massive to massive sulfides, with TB-23-003W2 intersecting significant gold mineralization approximately 575 m below the lowest level of historical mining at Telbel.
TB-23-003W2 intersected 3.5 grams per tonne ('g/t') Au over 4.8 m (from 2,018.2 m downhole), including 5.2 g/t Au over 2.0 m and 11.1 g/t Au over 0.5 m in semi-massive to massive pyrite. An additional intercept returned 3.9 g/t Au over 4.5 m in a pyrite-Fe-carbonate zone near the end of the hole (from 2,044.4 m), including 5.8 g/t Au over 2.0 m and 7.6 g/t Au over 1.0 m . These results indicate that gold mineralization is present well below the limits of historical mining in this area.
While the majority of historical sulfide intercepts are located along or near the known Eagle-Telbel Mine Horizon, both TB-23-003 wedges intersected broader semi-massive pyrite intervals intercepts were returned approximately 550 m up-hole from the intercepts noted above. This lower-grade gold mineralization in semi-massive sulfide could represent the edges of a new zone and confirms that gold mineralization is not limited to a single stratigraphic interval.
The longest hole, TB-23-002AW1, was drilled to 2,242.0 m, and ended in sulfide mineralization, with anomalous gold grades increasing downhole; the hole may have ended on the edge of a more significant sulfide body. Shallower nearby historical holes have shown significant sulfide concentrations in this area.
This first phase of deep drilling at Telbel demonstrates the presence of high-grade gold mineralization beneath the underground mine workings and the deepest historical gold intercepts at Telbel,' stated
Summary of Results and Technical Observations
The results from the initial Telbel deep drill program support the strike and depth continuity of the Eagle-Telbel Mine Horizon beyond the current limits of drilling and provide additional support for the presence of multiple mineralized horizons.
As encountered elsewhere within the Eagle-Telbel system, the main mineralized horizons appear to be closely associated with a key lithostructural contact zone between the felsic to intermediate volcanic and pyroclastic rocks of the
Historical data and recent drilling both point to potential depth extensions of the Telbel deposit along a steep southeasterly plunge. A daughter (wedge) hole of less than 500 m will be considered to test this target concept during the next phase of drilling.
Hole TB-22-002W1 ended approximately 1000 m to the SE of TB-22-003W2. Multiple sulfide zones occur over this interval, and additional sulfide zones extend to the southeast of the first indicating the system is still open in that direction.
The microgabbro can also be locally mineralized and where it is, there is a clear association between deformation, alteration and gold content. Thus, the Company's working mineralization model includes not only stratigraphic, but also structural controls. Deep drilling at Telbel included holes that were oriented north-south and south-north, which provides full coverage of the entire stratigraphy in this area.
About Maple Gold
The district-scale property package also hosts a significant number of regional exploration targets along a 55 km strike length of the
Contact:
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Email: jlang@maplegoldmines.com
Forward Looking Statements
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