2004 News Releases
Drilling Continues on Hamlin/Powell Gold Targets
December 1, 2004
10 targets selected for drilling on Hamlin/Powell in December and January
Several strong anomalies align with shear zones from hole HAM04-03
Six gold zones up to 15 m with values up to 1.1 g Au/tonne in sheared porphyry
TORONTO, ONTARIO, December 1, 2004 – Maple Minerals Corp. ("Maple") (TSXV: MPM) and East West Resource Corporation (“East West”) (TSXV: EWR) have completed a 35 line km IP survey of a large portion of the Hamlin and Powell properties (contiguous properties) and have identified a number of strong chargeability anomalies that align with the shear zones cut by hole HAM04-03 as well as the southwest extension of the “North Trend Zone” which extends from the Ardeen Mine. Ten priority targets have been selected for drilling in December and January.
These previously untested zones have known surface showings along strike where a grab sample of 9 ounces per ton gold from narrow quartz veins and grab samples ranging from 2.5 to 21 gpt from carbonatesericite alteration zones were obtained in 1988 (mndm files).
From a regional perspective, a number of shears cross the property extending pproximately 3 km southwest from the Moss Lake gold deposit at Snodgrass Lake (Moss Lake Gold Mines Ltd.) where a large alteration system contains 65 million tonnes grading 0.032 ounces gold opt as well as higher grade zones of 6 gpt (Hemlo Gold Mines Ltd., 1988, mndm files). Quartz eye porphyry has now been identified on the Hamlin claims by hole HAM04-03 with 15 m wide shears containing 0.5 to 1.1 gpt gold values associated with pyrite, quartz and sericite-potassic alteration. The main objective of the present phase of drilling will be to intersect the highest concentration of disseminated sulphides as indicated by the IP chargeability survey.
Maple and East West have an option to acquire a 100% interest (subject to a 2% NSR) in both the Hamlin and Powell Properties. Robert S. Middleton, P. Eng., is the designated Qualified Person and is responsible for the verification and quality assurance of the exploration data and analytic al 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 and cautions investors from placing undue reliance on forward-looking statements. Maple does have an ongoing obligation to disclose material information as it becomes available.
The TSX Venture Exchange does not take responsibility for the adequacy or accuracy of this release.
L.M. (Gino) Falzone