2004 News Releases
Gold Exploration Continues on Hamlin Property
November 4, 2004
Large quartz eye porphyry system with Cu-Mo-Au mineralization
Nearby Chlorite vent breccia zones with sodium depletion indicate VMS settings
Six gold zones up to 15 m with values up to 1.1 g Au/tonne in sheared porphyry
TORONTO, ONTARIO, November 4, 2004 – Maple Minerals Corp. ("Maple") (TSXV: MPM) and East West Resource Corporation (“East West”) (TSXV: EWR) have announced that three drill holes have been completed to 341 ft. (103.3 m) HAM04-01, 621 ft. (188.2 m) HAM04-02, and 641 ft. (194.2 m) HAM04-03 on three different geological targets on the Hamlin property and have discovered wide zones of disseminated sulphides associated with quartz stockwork veining and potassic alteration, which is an ideal gold setting. A vent breccia was tested by hole 1, where felsic clasts are contained in a magnesium rich dark green chlorite indicating a VMS (volcanogenic massive sulphide) host. A quartz vein swarm contained up to 0.5 g Au in 3 locations in a diorite-gabbro setting was tested in hole 2, where surface assays of 2.54 grams in grab samples had been obtained.
Large shear zones extend across the property which are associated with the Moss Lake Gold deposit located 4.5 km to the north east. One of these shear structures was targeted with hole 3 and contained a quartz vein stockwork and disseminated sulphides in a sheared quartz-eye porphyry. A chert exhalite with bands of disseminated pyrite was also cut near the contact of the mafic volcanics at the top of the hole, and the quartz-eye (rhyolite) porphyry. The porphyry has an intrusive contact with the mafic volcanics and is over 500 feet wide. Other quartz-eye felsic rocks may be rhyolite volcanics, however all of the felsic rocks are altered to a red-orange and pink colour by potassic alteration suggesting that later shearing controls the alteration. Bands of yellow sericite alteration occur within the pink to red quartz-eye alteration, which define the shear structures. Chalcopyrite occurs in small blebs and disseminations was noted in hole 3, however narrow quartz veinlets cut the core which contain fine-grained pyrite and a grey mineral interpreted to be molybdenite. This porphyry was not previously known and this particular shear zone was untested.
An old gold showing 3.5 km west of hole 3 with assays of 9 ounces gold from narrow quartz veinlets appears to be on this same fault-shear structure (mndm files).
Further drilling is planned on strike to hole 3 and on three parallel structures that extend onto the Powell portion of the Hamlin property from the Ardeen Mine, located 6 km northeast of the property boundary. A joint venture with Goldcorp and Pele Mt. Resources is presently exploring the Ardeen Mine where 30,000 ounces of gold were produced since the mine was first opened in 1871(mndm files).
Induced polarization surveys are now underway to trace the westward extension of the sheared porphyry and other parallel shears to link other know gold showings to the west.
Maple and East West have an option to acquire a 100% interest (subject to a 2% NSR) in the Hamlin Property. 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 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.
L.M. (Gino) Falzone