2003 News Releases
Deaty Creek Airborne EM Survey Outlines Conductors Thunder Bay, Ontario
March 10, 2003
A joint venture with East West Resource Corporation has been agreed to whereby Maple may purchase a 50% working interest in the Deaty property by paying $13,550 to East West which covers the cost of acquisition. Future exploration will be carried out jointly by both companies as part of a larger regional exploration program in the Shebandowan Belt. A land area half the size of the Red Lake Gold Camp has now been assembled by the two companies covering shear type gold structures similar to that found in Red Lake, Timmins and Thompson Bousquet Gold Camps.
A 120 km time domain EM magnetometer helicopter borne survey was completed at 100 m linescaping over the 81 claim unit Deaty Creek property which outlined three areas of EM conductors. One zone occurs south west of a breccia that may represent a vent area and a favourable location for volcanogenic massive sulphide Cu-Zn Au-Ag VMS deposits. A second conductor occurs along a structural break associated with one of the many parallel shear zones controlling gold mineralization in the area. In addition 3 isolated discrete EM conductors occur on the property which may reflect pods of massive sulphides. Ground follow up will first be done by mapping in April-May to locate the pyritic shear zones 4 km to the south west announced in November, 2002 where assays up to 2.3 oz. Au/tonne over 5 m were found. A quartz porphyry trend may be related to this style of gold mineralization similar to the zone being tested by Pele Mountain near the Ardeen Mine 5 km northwest of the Deaty property.
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.
L.M. (Gino) Falzone