2005 News Releases
Drilling Commences on West Porcupine Gold Property, Timmins, Ontario
September 20, 2005
TORONTO, ONTARIO, September 20, 2005 – Maple Minerals Corp. ("Maple") (MPM:TSX-V) and partner Canadian Golden Dragon Resources Ltd. (“Dragon”) (CGG:TSX-V) have been informed by Maestro Ventures Ltd. (“Maestro”) (MAP:TSX-V) that a 1,000 metre drill program has commenced on the West Porcupine Gold Property 34 km southwest of Timmins, Ontario. The property covers 10 miles of stratigraphy and structures that are similar to the Timmins (Porcupine) Gold Camp, where more than 70 million ounces of gold have been produced from 31 mines.
IP anomalies associated with interflow carbonate alteration and shear zones will be tested. In addition, a step out drill hole from a 1994 discovery, where 0.195 ounces of gold per ton over 39 feet was recorded, will be completed. The geological setting of the western part of the property is similar to the Bell Creek Gold Mine, whereas the “Deerfoot” area in the central portion of the property is geologically similar to the Mcintyre and Hollinger Gold Mines, due to the association with a large quartz eye porphyry containing molybdenum.
Maple and Dragon currently own 100% of the property, subject to a 2% net smelter return royalty in favour of Newmont Canada Ltd. Maestro may earn a 50% interest in the property by carrying out acceptable assessment work on the property totaling $2.5 million in tranches over a five year period. Upon earning its 50% interest, a joint venture will be formed and Maestro will be the initial operator.
The project set out above is being supervised by Robert S. Middleton, P. Eng., who is a qualified person.
Maple is a Toronto based resource company with property interests in Australia, Argentina, Mongolia, Africa and Canada. 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 has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
L.M. (Gino) Falzone