2005 News Releases
Drilling on West Porcupine Gold Project Commences, Timmins, Ontario
TORONTO, ONTARIO, March 23, 2005 – Maple Minerals Corp. (“Maple”) (“MPM”; TSXV) and Canadian Golden Dragon Resources Ltd. (“CGG; TSXV”) have commenced drilling a 250m cross section hole on the Reeves Twp. Portion of the West Porcupine Property. The hole is designed to test two strong IP anomalies that were outlined by a previous survey. As the hole commenced, carbonated basalts with disseminated sulphides and grey quartz veins were intersected between 38 and 42m. Pyrite and carbonate also occur from 49m to 71m. The hole is continuing at time of writing. Logging and splitting is being done at a secure facility in Timmins and samples are being sent to an accredited laboratory for analysis.
The section being drilled contains the Sewell splay fault that extends west from the Destor-Porcupine fault, adjacent to the Deer Foot gold zone area. This splay is related to gold showings and intense carbonate alteration. Flat veins with visible gold have been found 400m west of the drill hole in intensely carbonated basalts. This setting is typical of the alteration and settings at a number of gold mines in the Timmins (Porcupine) Camp, where over 70 million ounces of gold have been produced from 31 mines.
Mr. Robert S. Middleton, P. Eng., is the Qualified Person for the preparation of technical information contained in this press release. R. Duess, P. Geo, is acting as the qualified person for logging and quality control.
Maple Minerals Corp. (TSXV: MPM) 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 has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
L.M. (Gino) Falzone