2005 News Releases
Shebandowan Group of Properties Update - Thunder Bay, Ontario
February 1, 2005
Second Drill Added to Hamlin and Powell Properties
Airborne EM Completed on Powell and Burchell Properties
New EM conductors in Burchell with drilling underway
New airborne EM Conductors located in Powell
TORONTO, ONTARIO, February 1, 2005 – Maple Minerals Corp. (“Maple”) (“MPM”; TSXV) is pleased to announce that a second drill has been mobilized to test numerous IP anomalies and new EM conductors on the Hamlin and Powell properties (contiguous properties). These targets lie on structures that extend from the Moss Lake gold deposit and Ardeen Mine (presently being explored by Gold Corp.). Drilling completed before Christmas had intersected a 15 m sheared quartz-eye porphyry that contained consistent gold values across a 15 m interval that assayed 0.5-1.1 g gold/tonne (News Release dated December 1, 2004). IP anomalies along strike will be tested as well as parallel anomalies.
Recently a time domain helicopter EM survey extend the coverage across the Powell and Clay portion of the land holding and detected one regional shear as well as two strong discrete anomalies that will be added to the list of drill targets. Another drill is presently testing targets on the Burchell portion of the land holdings where several new targets were recently outlined by a detailed helicopterborne EM survey.
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.
The Powell, Hamlin, Clay, and Burchell properties are a group of properties located in the Shebandowan Belt of Thunder Bay, Ontario and are 50-50 joint venture with Maple Minerals Corp., focused on gold as well as VMS base metal targets.
Maple Minerals Corp. 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