2004 News Releases
Mt. Kakoulima Nickel Project, Guinee, West Africa; Update on West Grid Drilling; Drilling Underway on North Grid
November 15, 2004
Update on West Grid drilling
Drilling underway on North Grid
TORONTO, ONTARIO, November 15, 2004 – Maple Minerals Corp. ("Maple") (TSXV:MPM) announced that a total of 1,081 metres of drilling in four boreholes has been completed on the West Grid, and the basal contact of the Kaloum Igneous Complex (KIC) has been established. Borehole pulse EM geophysical surveys on the West Grid did not yield significant anomalies. The drill rig has now been moved to our principal exploration area on the North Grid, with the initial set-up down stratigraphy of the initial Semafo discovery area, which yielded a one metre thick horizon of massive sulphide with average grades of 3.6% Ni, 1.1% Cu, 0.15% Co and 3 g/t Pt+Pd+Au. Drilling is underway to investigate the KIC basal contact on the North Grid. An additional 4,000 metres are planned for this phase of the drilling.
Having just returned from Guinée, Gino Falzone, President of Maple, stated “The first three weeks of drilling have gone well. Establishing the basal contact on the West Grid was an important step in the interpretive process. We look forward to the drilling on the North Grid”.
Shareholders are invited to visit the Maple web site to view pictures of drilling at Mt. Kakoulima. (See description of Mt. Kakoulima Property on Maple’s website at www.mapleminerals.com.)
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.
Catharine Farrow, PhD, PGeo (Chief Geologist, FNX) is acting 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 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