MONTREAL , May 26, 2014 /CNW Telbec/ - Greg Struble , President and CEO of
Maudore Minerals Ltd. (MAO: TSX-Venture; MAOMF: US OTC; M6L: Frankfurt Exchange) reports that Maudore's subsidiary, Aurbec Mines
Inc. (Aurbec) has returned more positive results from its ongoing
underground drilling program at the Sleeping Giant Mine.
Aurbec's geology team has discovered three new gold-bearing veins and
continues to extend known high grade zones and discover new
gold-bearing veins at the high-grade Sleeping Giant Mine. Many
targeted areas have delivered promising results. This press release
includes drill results up to April 11, 2014 , which is the cut-off date
applied to a resource estimate update that is currently underway.
Highlights from select Diamond drill holes (DDH) drilled from the 605m and 725m levels of the mine targeting the 30FW (Footwall), 30 Shaft Shadow, 30 Ext W (Extension West), 20, 8FW (Footwall) and 8
Zones include:
30 FW Vein:
-
39.90 g/t Au over 0.6 m in DDH 60-412-14 from 278.7 m
-
24.00 g/t Au over 1.0 m in DDH 72-421-13 from 299.9 m
-
22.85 g/t Au over 0.8 m in DDH 60-408-14 from 278.8 m
30 Shaft Shadow Zone:
-
109.81 g/t Au over 1.3 m in DDH 60-409-14 from 241.8 m
-
41.70 g/t Au over 0.8 m in DDH 60-407-14 from 249.0 m
-
14.80 g/t Au over 0.5 m in DDH 72-403-13 from 298.7 m
-
11.13 g/t Au over 0.6 m in DDH 60-408-14 from 255.8 m
-
7.90 g/t Au over 3.0 m in DDH 60-412-14 from 253.0 m
30 Ext W Vein:
-
122.00 g/t Au over 0.62 m in DDH 72-410-13 from 18.08 m
-
110.00 g/t Au over 0.8 m in DDH 72-427-13 from 47.3 m
-
94.80 g/t Au over 0.6 m in DDH 72-409-13 from 56.4 m
-
52.20 g/t Au over 1.0 m in DDH 72-419-13 from 5.2 m
-
38.30 g/t Au over 0.7 m in DDH 72-415-13 from 21.7 m
-
22.50 g/t Au over 1.0 m in DDH 72-417-13 from 13.1 m
-
19.84 g/t Au over 1.7 m in DDH 72-408-13 from 34.5 m
-
18.84 g/t Au over 1.6 m in DDH 72-413-13 from 13.5 m
-
14.30 g/t Au over 1.0 m in DDH 72-411-13 from 32.7 m
-
9.46 g/t Au over 1.0 m in DDH 72-418-13 from 8.3 m
-
8.11 g/t Au over 2.1 m in DDH 72-425-13 from 60.6 m
20 Vein:
-
37.70 g/t Au over 1.0 m in DDH 72-405-13 from 67.9 m
-
9.88 g/t Au over 0.6 m in DDH 72-428-13 from 61.0 m
-
8.10 g/t Au over 0.7 m in DDH 60-412-14 from 59.5 m
8FW Zone:
-
15.30 g/t Au over 0.8 m in DDH 60-412-14 from 13.5 m
-
7.38 g/t Au over 0.9 m in DDH 60-411-14 from 13.7 m
-
7.33 g/t Au over 0.9 m in DDH 60-414-14 from 13.6 m
-
6.38 g/t Au over 1.0 m in DDH 60-413-14 from 13.6 m
8 Zone:
-
27.50 g/t Au over 1.0 m in DDH 72-437-13 from 9.8 m
-
24.50 g/t Au over 0.9 m in DDH 72-429-13 from 6.5 m
-
23.90 g/t Au over 1.0 m in DDH 72-403-13 from 7.1 m
-
15.50 g/t Au over 0.6 m in DDH 72-430-13 from 10.4 m
-
14.50 g/t Au over 0.6 m in DDH 72-428-13 from 4.7 m
-
11.80 g/t Au over 1.0 m in DDH 72-422-13 from 5.9 m
The Sleeping Giant Mine has great potential for new discoveries and
extensions. For example, the 8 Zone is virtually untested from the 485m
level of the underground mine up to the surface.
Deeper in the mine, underground drilling from the 975 m level has
targeted the 30W zone, 30 Shaft Shadow zone and 30 Ext E zone. New
holes are currently in progress to verify the south extensions of the
30W zone on 1060 m level. Here, 2 historic holes (97-229-10 and
97-230-10) drilled in 2010 showed economic assay values a significant
distance to the south of the known 30W resource block. The holes that
are in progress will test the extension potential of this previously
unmined structure at Sleeping Giant. This is one of several new
gold-bearing zones at depth that have never been exploited at the
Sleeping Giant mine.
Aurbec has completed 122 underground Diamond drill holes for 20,073 m
from August 7, 2013 to April 11, 2014. The drill program is ongoing
with the main objective being to target high-grade mineable ounces to
add to the mine plan. Three underground drill rigs are currently
drilling.
Aurbec also continues to mine remnant resources where practical, and is
preparing development according to a revised mine plan to bring more
primary stoping areas on line. Mining is underway on the 725 m level
(Stope 72-30-410) where the first production stope has started in the
30 Ext W zone, an Aurbec discovery and extension of the mine's historic
high grade 30 zone. Another mining success at the 1060 m level occurred
when a primary level access drift intersected the 30W vein for the
first time. Prior to this event, the 30W vein has only been seen in
drill core.
Underground drilling managed by Aurbec's employees continues to
discover, extend, and delineate many high-grade gold bearing zones
throughout existing development that may someday add to the more than
one million ounces already poured at the Sleeping Giant Mine.
Maudore (Aurbec) has not based its decision to conduct selective mining
at Sleeping Giant on a feasibility study or mineral reserves that
demonstrate economic or technical viability. Mining without
feasibility studies or mineral reserves increases the uncertainty of
success and the risk of failure if mining costs exceed revenue.
Qualified Persons and Quality Control and Quality Assurance Protocols
Kevin R. Kivi , P.Geo. of KIVI Geoscience Inc., who is Maudore's Chief
Consulting Geologist, approves the technical content of this press
release.
Valère Larouche , Ing., is on-site manager, and Denis Desjardins , P.Geo.,
is responsible for design and conduct of the exploration program. Both
geologists are employees of Aurbec and are not independent of Maudore.
Forages M. Rouillier Inc. is the Diamond drill contractor.
This press release reports un-cut core length assays, not true width
which can be calculated only once the angle between the Diamond drill
hole and vein structure is established. Appendix 1 tabulates
significant assays (> 1.0 g/t Au) for Diamond drill holes reported
herein.
Diamond drill core samples are split, with half returned to the core box
and the other half bagged, tagged and submitted to Aurbec's on-site
assay laboratory at the Sleeping Giant Mine. Aurbec's laboratory is
neither independent nor accredited. Quality control and quality
assurance protocols include insertion of blanks, duplicates and
standards to monitor laboratory accuracy and precision. Aurbec also
submits pulps to AGAT Laboratories or ALS Global Geochemistry
Laboratories for independent and ISO accredited duplicate assays.
Batches that fail QA/QC protocol are rerun. Unaccredited assays are
used in weighted average calculations when an independent check assay
is not available.
AGAT Laboratories Ltd is certified to the ISO 9001 standard, and
accredited with ISO/IEC 17025:2005, for specific tests that conform to
CAN-P-1579.
ALS Global Geochemistry laboratories are registered with ISO 9001:2008
and accredited with ISO/IEC 17025 for specific laboratory procedures.
About Maudore Minerals Ltd.
Maudore is a Québec-based junior gold corporation in production, with
mining and milling operations as well as more than 22 exploration
projects. Five of these projects are at an advanced stage of
development with reported current and historical resources and mining.
Currently, gold production is ramping up at the Sleeping Giant mine.
The Corporation's projects span some 120 km, east-west of the
underexplored Northern Volcanic Zone of the Abitibi Greenstone Belt and
cover a total area of 1,285 km². The Sleeping Giant Processing Facility
is within trucking distance of all key development projects.
Cautionary Statement Regarding Forward-Looking Statements
This release and other documents filed by the Company contain
forward-looking statements. All statements that are not clearly
historical in nature or that necessarily depend on future events are
forward-looking, and the words "intend", "anticipate", "believe",
"expect", "estimate", "plan" and similar expressions are generally
intended to identify forward-looking statements. These forward-looking
statements include, without limitation, performance and achievements of
the Company, business and financing plans, business trends and future
operating revenues. These statements are inherently uncertain and
actual achievements of the Company or other future events or conditions
may differ materially from those reflected in the forward-looking
statements due to a variety of risks, uncertainties and other factors,
including, without limitation, financial related risks, unstable gold
and metal prices, operational risks including those related to title,
significant uncertainty related to inferred mineral resources,
operational hazards, unexpected geological situations, unfavourable
mining conditions, changing regulations and governmental policies,
failure to obtain required permits and approvals from government
authorities, failure to obtain any required approvals of the TSXV or
from shareholders, failure to obtain any required financing, failure to
complete any of the transactions described herein, increased
competition from other companies many of which have greater financial
resources, dependence on key personnel and environmental risks and the
other risks described in the Company's continuous disclosure documents.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Appendix 1: Diamond drill table of significant assays > 1.0 g/t Au
(un-cut) from Sleeping Giant underground drilling to April 11, 2014 ,
the cut-off date for resources estimate update underway.
Hole Number
|
From
|
To
|
Core Width
|
Sample Number
|
Gold Assay Sleeping Giant Lab (Uncut)
|
Gold Assay AGAT Lab (Uncut)
|
Gold Assay ALS CHEMEX Lab (Uncut)
|
Mineralized Zone
|
|
(m)
|
(m)
|
(m)
|
|
grams/tonne
|
grams/tonne
|
grams/tonne
|
|
60-407-14
|
13.20
|
14.00
|
0.80
|
P006799
|
3.72
|
6.15
|
|
8 FW
|
60-407-14
|
50.20
|
51.20
|
1.00
|
P006804
|
2.53
|
|
|
20
|
60-407-14
|
52.60
|
53.40
|
0.80
|
P006807
|
3.05
|
|
|
20
|
60-407-14
|
249.00
|
249.80
|
0.80
|
P006817
|
61.94
|
41.70
|
|
30 Shadow
|
60-407-14
|
252.10
|
252.90
|
0.80
|
P006823
|
6.51
|
|
|
30 FW
|
60-408-14
|
54.00
|
54.80
|
0.80
|
P006843
|
1.58
|
|
|
20
|
60-408-14
|
55.80
|
56.70
|
0.90
|
P006845
|
8.4
|
|
|
20
|
60-408-14
|
254.30
|
255.30
|
1.00
|
P006856
|
2.16
|
2.74
|
|
30 Shadow
|
60-408-14
|
255.80
|
256.40
|
0.60
|
P006858
|
12.42
|
11.13
|
|
30 Shadow
|
60-408-14
|
278.80
|
279.60
|
0.80
|
P006864
|
23.82
|
22.85
|
|
30 FW
|
60-409-14
|
12.80
|
13.70
|
0.90
|
P006873
|
6.68
|
|
|
8 FW
|
60-409-14
|
48.00
|
49.00
|
1.00
|
P006880
|
8.18
|
|
|
20
|
60-409-14
|
49.50
|
50.50
|
1.00
|
P006882
|
6.69
|
|
|
20
|
60-409-14
|
241.80
|
242.60
|
0.80
|
P006890
|
181.66
|
177.00
|
|
30 Shadow
|
60-409-14
|
242.60
|
243.10
|
0.50
|
P006892
|
2.03
|
2.32
|
|
30 Shadow
|
60-410-14
|
13.20
|
14.20
|
1.00
|
P009004
|
3.95
|
4.49
|
|
8 FW
|
60-410-14
|
50.30
|
51.30
|
1.00
|
P009010
|
3.76
|
|
|
20
|
60-410-14
|
51.30
|
52.30
|
1.00
|
P009011
|
2.41
|
|
|
20
|
60-410-14
|
241.20
|
242.10
|
0.90
|
P009016
|
2.2
|
|
|
30 Shadow
|
60-410-14
|
273.35
|
274.15
|
0.80
|
P009018
|
1.09
|
|
|
30 FW
|
60-411-14
|
13.70
|
14.60
|
0.90
|
P008872
|
8.71
|
7.38
|
|
8 FW
|
60-411-14
|
57.50
|
58.40
|
0.90
|
P008881
|
7.44
|
|
|
20
|
60-411-14
|
248.80
|
249.60
|
0.80
|
P008949
|
1.09
|
|
|
30 Shadow
|
60-412-14
|
13.50
|
14.30
|
0.80
|
P009305
|
18.35
|
15.30
|
|
8 FW
|
60-412-14
|
59.50
|
60.20
|
0.70
|
P009318
|
9.42
|
8.10
|
|
20
|
60-412-14
|
72.90
|
73.80
|
0.90
|
P009320
|
1.02
|
|
|
20
|
60-412-14
|
253.00
|
253.70
|
0.70
|
P009372
|
6.9
|
4.80
|
|
30 Shadow
|
60-412-14
|
253.70
|
254.50
|
0.80
|
P009373
|
2.4
|
2.61
|
|
30 Shadow
|
60-412-14
|
255.20
|
256.00
|
0.80
|
P009375
|
24.48
|
22.80
|
|
30 Shadow
|
60-412-14
|
278.70
|
279.30
|
0.60
|
P009380
|
38.27
|
39.90
|
|
30 FW
|
60-413-14
|
13.60
|
14.60
|
1.00
|
P009053
|
7.33
|
6.38
|
|
8 FW
|
60-413-14
|
55.00
|
56.00
|
1.00
|
P009063
|
2.48
|
|
|
20
|
60-413-14
|
67.65
|
68.45
|
0.80
|
P009065
|
1.08
|
|
|
20
|
60-414-14
|
13.60
|
14.50
|
0.90
|
P029018
|
8.25
|
7.33
|
|
8 FW
|
60-414-14
|
56.80
|
57.60
|
0.80
|
P029026
|
4.17
|
|
|
20
|
60-414-14
|
59.20
|
60.20
|
1.00
|
P029029
|
8.93
|
|
|
20
|
60-414-14
|
60.20
|
61.00
|
0.80
|
P029031
|
3.27
|
|
|
20
|
72-402-13
|
261.20
|
262.20
|
1.00
|
P006037
|
4.44
|
4.07
|
|
30 Shadow
|
72-402-13
|
262.20
|
263.00
|
0.80
|
P006039
|
3.12
|
3.10
|
|
30 Shadow
|
72-402-13
|
319.20
|
320.20
|
1.00
|
P006042
|
4.95
|
5.92
|
|
30 FW
|
72-402-13
|
320.80
|
321.50
|
0.70
|
P006044
|
2.13
|
2.07
|
|
30 FW
|
72-403-13
|
7.10
|
8.10
|
1.00
|
P006067
|
21.04
|
23.90
|
|
8
|
72-403-13
|
71.70
|
72.50
|
0.80
|
P006084
|
4.71
|
|
|
20
|
72-403-13
|
298.70
|
299.20
|
0.50
|
P006130
|
15.25
|
14.80
|
|
30 Shadow
|
72-403-13
|
326.15
|
326.65
|
0.50
|
P006134
|
2.30
|
|
|
30 FW
|
72-404-13
|
0.00
|
0.70
|
0.70
|
P006230
|
1.35
|
1.73
|
|
8
|
72-404-13
|
0.70
|
1.30
|
0.60
|
P006231
|
2.10
|
1.79
|
|
8
|
72-404-13
|
1.30
|
2.30
|
1.00
|
P006232
|
3.18
|
2.96
|
|
8
|
72-404-13
|
58.00
|
58.50
|
0.50
|
P006242
|
1.72
|
|
|
20
|
72-404-13
|
270.60
|
271.50
|
0.90
|
P006361
|
5.12
|
5.50
|
|
30 Shadow
|
72-404-13
|
272.50
|
273.50
|
1.00
|
P006363
|
7.20
|
7.83
|
|
30 Shadow
|
72-404-13
|
322.60
|
323.50
|
0.90
|
P006373
|
1.31
|
|
|
30 FW
|
72-405-13
|
6.90
|
7.90
|
1.00
|
P006154
|
3.28
|
3.24
|
|
8
|
72-405-13
|
67.90
|
68.90
|
1.00
|
P006172
|
38.87
|
37.70
|
|
20
|
72-405-13
|
267.80
|
268.40
|
0.60
|
P006202
|
1.11
|
1.45
|
|
30 Shadow
|
72-405-13
|
268.40
|
269.30
|
0.90
|
P006203
|
3.00
|
3.35
|
|
30 Shadow
|
72-405-13
|
314.50
|
315.50
|
1.00
|
P006210
|
4.55
|
3.75
|
|
30 FW
|
72-406-13
|
71.20
|
72.20
|
1.00
|
P005815
|
6.08
|
4.94
|
|
30 Ext W
|
72-406-13
|
72.20
|
72.70
|
0.50
|
P005817
|
5.00
|
5.69
|
|
30 Ext W
|
72-407-13
|
19.85
|
20.75
|
0.90
|
P005918
|
4.34
|
4.13
|
|
30 Ext W
|
72-407-13
|
23.70
|
24.30
|
0.60
|
P005924
|
4.00
|
|
|
30 Ext W
|
72-408-13
|
34.50
|
35.40
|
0.90
|
P005907
|
29.05
|
28.80
|
|
30 Ext W
|
72-408-13
|
35.40
|
36.20
|
0.80
|
P005908
|
9.00
|
9.78
|
|
30 Ext W
|
72-409-13
|
56.40
|
57.00
|
0.60
|
P005938
|
92.81
|
94.80
|
|
30 Ext W
|
72-410-13
|
18.08
|
18.70
|
0.62
|
P005902
|
95.24
|
122.00
|
|
30 Ext W
|
72-411-13
|
32.70
|
33.70
|
1.00
|
P006294
|
15.71
|
14.30
|
|
30 Ext W
|
72-412-13
|
8.80
|
9.70
|
0.90
|
P006998
|
5.52
|
5.39
|
|
30 Ext W
|
72-413-13
|
13.50
|
14.30
|
0.80
|
P006917
|
29.87
|
31.90
|
|
30 Ext W
|
72-413-13
|
14.30
|
15.10
|
0.80
|
P006918
|
6.49
|
5.79
|
|
30 Ext W
|
72-414-13
|
23.20
|
23.80
|
0.60
|
P006940
|
2.01
|
1.91
|
|
30 Ext W
|
72-415-13
|
21.70
|
22.40
|
0.70
|
P005841
|
35.14
|
38.30
|
|
30 Ext W
|
72-416-13
|
11.00
|
11.60
|
0.60
|
P006324
|
2.53
|
|
|
30 Ext W
|
72-416-13
|
17.30
|
17.90
|
0.60
|
P006329
|
4.41
|
4.07
|
|
30 Ext W
|
72-417-13
|
13.10
|
14.10
|
1.00
|
P006336
|
25.83
|
22.50
|
|
30 Ext W
|
72-418-13
|
8.30
|
9.30
|
1.00
|
P006313
|
10.55
|
9.46
|
|
30 Ext W
|
72-419-13
|
4.60
|
5.20
|
0.60
|
P006298
|
1.31
|
0.90
|
|
30 Ext W
|
72-419-13
|
5.20
|
6.20
|
1.00
|
P006299
|
44.35
|
52.20
|
|
30 Ext W
|
72-419-13
|
12.60
|
13.50
|
0.90
|
P006304
|
2.22
|
1.76
|
|
30 Ext W
|
72-419-13
|
13.50
|
14.00
|
0.50
|
P006305
|
3.86
|
6.76
|
|
30 Ext W
|
72-420-13
|
7.90
|
8.90
|
1.00
|
P006926
|
1.80
|
1.49
|
|
30 Ext W
|
72-421-13
|
0.00
|
0.70
|
0.70
|
P006378
|
5.73
|
6.94
|
|
8
|
72-421-13
|
245.40
|
245.90
|
0.50
|
P006462
|
4.07
|
3.99
|
|
30 Shadow
|
72-421-13
|
299.90
|
300.90
|
1.00
|
P006466
|
22.32
|
24.00
|
|
30 FW
|
72-421-13
|
301.60
|
302.60
|
1.00
|
P006468
|
2.85
|
|
|
30 FW
|
72-422-13
|
5.90
|
6.90
|
1.00
|
P006497
|
10.96
|
11.80
|
|
8
|
72-422-13
|
262.60
|
263.60
|
1.00
|
P006531
|
2.04
|
|
|
30 Shadow
|
72-422-13
|
312.00
|
312.60
|
0.60
|
P006546
|
3.89
|
3.75
|
|
30 FW
|
72-423-13
|
35.90
|
36.60
|
0.70
|
P005874
|
1.58
|
1.49
|
|
30 Ext W
|
72-423-13
|
44.60
|
45.60
|
1.00
|
P005879
|
1.47
|
|
|
30 Ext W
|
72-424-13
|
51.60
|
52.50
|
0.90
|
P005861
|
2.50
|
2.18
|
|
30 Ext W
|
72-425-13
|
60.60
|
61.10
|
0.50
|
P005899
|
8.45
|
9.98
|
|
30 Ext W
|
72-425-13
|
61.10
|
61.90
|
0.80
|
P005900
|
1.56
|
1.26
|
|
30 Ext W
|
72-425-13
|
61.90
|
62.70
|
0.80
|
P005651
|
14.44
|
13.80
|
|
30 Ext W
|
72-427-13
|
47.30
|
48.10
|
0.80
|
P006909
|
77.67
|
110.00
|
|
30 Ext W
|
72-427-13
|
48.10
|
48.70
|
0.60
|
P006911
|
1.87
|
1.84
|
|
30 Ext W
|
72-428-13
|
4.70
|
5.30
|
0.60
|
P006945
|
12.77
|
14.50
|
|
8
|
72-428-13
|
61.00
|
61.60
|
0.60
|
P008007
|
11.06
|
9.88
|
|
20
|
72-429-13
|
6.50
|
7.40
|
0.90
|
P008031
|
23.30
|
24.50
|
|
8
|
72-430-13
|
10.40
|
11.00
|
0.60
|
P008078
|
15.56
|
15.50
|
|
8
|
72-431-13
|
10.10
|
11.00
|
0.90
|
P009776
|
4.09
|
6.82
|
|
8
|
72-431-13
|
71.70
|
72.50
|
0.80
|
P009803
|
1.08
|
|
|
20
|
72-432-13
|
4.30
|
4.80
|
0.50
|
P008125
|
1.03
|
|
|
8
|
72-436-13
|
9.90
|
10.90
|
1.00
|
P006627
|
4.46
|
|
|
8
|
72-436-13
|
65.90
|
66.90
|
1.00
|
P006640
|
2.16
|
2.24
|
|
20
|
72-437-13
|
9.80
|
10.80
|
1.00
|
P006608
|
41.44
|
27.50
|
|
8
|
72-438-14
|
80.20
|
80.90
|
0.70
|
P007841
|
2.84
|
4.41
|
|
30 Shadow
|
72-438-14
|
82.50
|
83.50
|
1.00
|
P007842
|
4.56
|
4.71
|
|
30 Shadow
|
72-439-14
|
64.20
|
64.80
|
0.60
|
P007816
|
6.02
|
6.30
|
|
30 Shadow
|
SOURCE Maudore Minerals Ltd.