2004 News Releases
Maple Minerals Updates Exploration at Mt. Kakoulima Nickel Property
March 16, 2004 – Maple Minerals Corp. (MPM-TSXV) announces its first year work programme on the Mt. Kakoulima property which was recently optioned from FNX Mining Company (“FNX”) and announced by Maple on February 10, 2004. The first year work programme is divided into two phases, with the first phase taking place between February 15, 2004 to May 4, 2004 and the second phase commencing after the rainy season in Guinea taking place between October 30, 2004 and December 11, 2004. FNX is conducting the exploration programme on behalf of Maple.
Phase 1 of the first year programme involves geological/structural evaluation and mapping, setting geophysical grids, line cutting for ground geophysics, establishing set-ups for and completing 2,500 meters of stratigraphic/structural drilling, and conducting deep-penetrating EM (Crone is contractor) to identify exploration targets. Phase 1 is expected to cost approximately US$475,000. Phase 2 of the first year programme involves a 2,500 meter drill progamme on exploration targets and is expected to cost approximately US$345,000. Either phase may be accelerated depending on drilling results.