2004 News Releases
Drilling Commences On Hamlin Cu + Au Targets
Several new untested massive sulphide targets to be drilled
Regional shears associated with gold zones outlined
TORONTO, ONTARIO, August 10, 2004 – Maple Minerals Corp. ("Maple") (TSXV:MPM) and East West Resource Corporation (“East West”) (TSXV: EWR) have announced that several drill targets have been selected for drilling which were located by a deep penetrating time domain helicopter EM survey flown over the property in February 2004. Detailed mapping and prospecting has been on going since June and this work has assisted in prioritizing the targets. A number of discrete EM 150 – 400 m long conductors, possibly reflecting massive sulphides were found to be hosted in altered rhyolite and basalt volcanics. Nearby, Chlorite alteration zones and breccias suggest hydrothermal vents that would be a favourable setting for VMS style mineralization.
Mapping and geophysics has also traced several gold bearing zones which extend south westward from the Ardeen Mine area and Moss Lake gold deposit. Trenches on the north boundary of Hamlin have yielded numerous gold values of 2 to 21 grams gold from grab samples from mineralized shear zones. This style of mineralization may reflect a Hemlo style shear-gold setting and is therefore similar to the Thomson Bousquet gold camp east of Noranda.
Drilling will continue in August followed by a later follow up phase once assays are received.
Robert S. Middleton, P. Eng., is the designated Qualified Person and is responsible for the verification and quality assurance of the exploration data and analytical results.
Maple Minerals Corp. is a Toronto based resource company with properties in Africa, Canada and the Dominican Republic. For more information about Maple, please visit the company’s website at www.mapleminerals.com.
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.