2004 News Releases
Mt. Kakoulima Nickel Project - North Grid Update
December 13, 2004
Initial concept of Basal Contact structure confirmed
Disseminated sulphide zones intersected in holes AF0007 to AF0012
TORONTO, ONTARIO, December 13, 2004 – Maple Minerals Corp. ("Maple") (TSXV: MPM) announces that drilling on the North Grid of the Mt. Kakoulima Property has been successful in confirming the initial concept that the base of the Kaloum Igneous Complex (“KIC”) dips to the south (inwardly) along it’s northern contact. The intrusion is approximately 60 km long of which the property licence covers 30 km of the contact on the north and south margins. The basal contact of the intrusion dips approximately 45 degrees inward, and has the potential to provide traps for concentrating sulphides. The rock types encountered in the KIC are consistent with other mineralized mafic-ultramafic intrusions and the contamination of the intrusion by gneissic wall rocks is a positive feature. The KIC rocks along it’s basal contact host local brecciation associated with disseminated sulphides. Diamond drill holes AF0007 to AF0012 have intersected disseminated sulphide mineralization at the base of the intrusion in favourable magnesian host rocks over a 1.6 km strike length. Assays will determine the nickel (as well as Cu, Co and PGE) content of the sulphides. Initial assays are expected early in the new year.
Mr. Gino Falzone, President of Maple, stated “The KIC appears fertile for the formation of nickel sulphides and the basal contact has a favourable orientation for exploration. The exploration program started out based on a geologic concept. We have now verified the concept. The next phase is to hunt for economic deposits.”
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 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