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GOLD EXPLORATION NEWS New Showings Unearthed in Shebandowan Belt

THUNDER BAY, Ontario A number of mineralized areas with the potential for shear-hosted and porphyry-style gold de...


THUNDER BAY, Ontario A number of mineralized areas with the potential for shear-hosted and porphyry-style gold deposits are under scrutiny by MAPLE MINERALS and EAST WEST RESOURCE CORP. The companies are equal partners in the Hamlin-Shear, Powell and Clay properties.

Clear cut logging on the Hamlin claims exposed a 100-m-wide zone of disseminated pyrite-sericite alteration and a potassic alteration zone on the margin. Grab samples from the margin, which had not been tested before, assayed 1.38 g/m Au. One sample from the sericitic zone assayed 2.54 g/m. Maple Minerals says that since the area was logged, it can collect continuous surface sampling and mapping along strike for about 400 metres.

Grab samples from the Powell claims returned 2.09 g/m Au from an intensely sheared zone. Previous work had cut 6.6 g over 1.5 m from one shear. Maple plans to cut a grid to allow for geophysics to trace the pyrite-bearing sericite carbonate zones in preparation for trenching and drilling.

One the Shear property, a 3.52-g/m grab sample was obtained from pyrite filled fractures that extend northeastward from the Snodgrass gold deposit which was drilled in the 1980s. This sericite-carbonate chlorite alteration system is hosted in similar rocks that occur on the Hamlin and Powell properties.

Maple Minerals believes there is a regional structure associated with the gold-bearing zone that crosses the Hamlin property and extends southwest onto part of the Powell and Clay claims over a length of 14.5 km. The company has concluded from the evidence so far that there is potential for high grade sections to occur within the shear structures on the property as well as wider areas on surface with lower grade 1-2.5-g values. Both styles will be targets in the follow up trenching, geophysics and drill programs.

Gino Falzone, president of Maple Minerals, has more information at 416-941-9600.


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