2004 News Releases
FNX To Commence Drilling On Mt. Kakoulima Nickel Project
TORONTO, ONTARIO, September 15, 2004 – Maple Minerals Corp. ("Maple") (TSXV:MPM) has been advised by FNX Mining Company Inc. (“FNX”) that a geological team will be mobilized today to the Mt. Kakoulima project in Guinea, West Africa in preparation for a planned 5,000 metre drill program scheduled to commence in early October. Reference is made to Maple’s press release of February 10, 2004 for a description of Maple’s option to earn a 50% interest in the Mt. Kakoulima project.
“We are very excited with the commencement of the drilling phase of our program at Mt. Kakoulima” stated Gino Falzone, President of Maple. “We look forward to a focused drill program that is expected to see 5,000 metres of diamond drilling completed by mid December.”
In March and April, 2004 a moving loop electromagnetic survey and coincident detailed geological mapping was conducted across 10 profiles on three separate grids (North, West and South) that crossed the interpreted basal contact of the Kaloum Igneous Complex (KIC). The survey was designed to penetrate the moderately conductive lateritic weathering profile developed on the mafic and ultramafic rocks of the intrusion, and to explore potential nickel sulphide targets at the KIC basal contact, a contact that has never previously been explored. A number of weakly conductive responses were observed, many coincident with the interpreted position of the basal igneous contact. The geological team will prepare for the drill program, scheduled to commence in early October. The drill and related equipment were mobilized to the site in May, 2004 and have been in storage since. Initial drilling is planned to begin on the east side of the North grid as this area of the KIC contact corresponds with the most sulphide mineralized float, the best geophysical anomalies, and is at the base of the stratigraphy that hosts the mineralization discovered by Afcan-Semafo in 1997. It will begin with a fan of holes to determine the dip of the contact, the nature of the intrusion at the base, to test the surface geophysical responses, and to provide a borehole electromagnetic survey platform to test for sub-surface Ni-sulphides. Drilling will continue on the North and West grid to evaluate the consistency (or variability) of the basal contact of the igneous complex with the location of additional drilling being driven by success in locating Ni-sulphides.
Catharine Farrow, PhD, PGeo (Chief Geologist, FNX) has acted as the Qualified Person for the Mt. Kakoulima project.
Maple 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 Securit ies 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