Welcome!

News Feed Item

Maudore adds gold at Osbell, Greer and Mafic North

MONTREAL, Nov. 21, 2012 /CNW Telbec/ - Maudore Minerals Ltd. ("Maudore" or, the "Company") (MAO: TSX-Venture; MAOMF: US OTC; M6L: Frankfurt Exchange), today announced the addition of new gold assays to the Osbell Mineral Resource Estimate area (NR 29 October 2012), Greer Prospect (NR 25 June 2012), and also reports first results from the evolving Mafic North (formerly Magnetic Gabbro) area.

Osbell Gold Assays

The Osbell Deposit (also known as Comtois Deposit) is located around 15kms from Lebel-sur-Quevillon, around 150kms north of Val-d'Or in the James Bay administrative region of Quebec.

Maudore continues to report gold assays as they arrive from 50 drill holes (25,119m) completed at Osbell since the 13 August 2012 cut-off date for the updated Mineral Resource Estimate (NR 29 October 2012) of the Osbell Deposit:

  8,463,800 Tonnes @ 2.0 g/t Au for 546,299 oz Au Indicated,
  8,115,800 Tonnes @ 4.8 g/t Au for 1,258,990 oz Au Inferred.


"The results validate our drilling and assay protocols that we established over the past few months. Our meticulous approach is proving its value, and we are very encouraged by the results," said CEO Dr. Howard Carr. "We will continue to focus on further delineation of the deposits as we move forward with our exploration plans", he added.

New gold assays greater than 3.0 g/t gold obtained from the Comtois Property, Osbell Resource include:

  • 57.7 g/t gold over 0.5m (COM-12-896C), from 282.0 to 282.5m, included within 19.4 g/t gold over 1.5m from 282.0 to 283.5m, Osbell, section 1587 E;
  • 9.0 g/t gold over 0.5m (COM-12-896C), from 344.0 to 344.5m, Osbell, section 1587 E;
  • 8.1 g/t gold over 0.5m (COM-12-896C), from 383.0 to 383.5m, included within 5.2 g/t gold over 1.0m from 382.5 to 383.5m, Osbell, section 1587 E;
  • 19.7 g/t gold over 1.0m (COM-12-896C), from 561.5 to 562.5m, included within 8.0 g/t gold over 2.5m from 561.5 to 564.0m, Osbell, section 1587 E;
  • 9.7 g/t gold over 0.9m (COM-12-896C), from 741.0 to 741.9m, included within 2.5 g/t gold over 7.0m from 736.5 to 743.5m, Osbell, section 1587 E;
  • 8.5 g/t gold over 1.5m (COM-12-885B), from 1341.5 to 1343.0m, included within 6.5 g/t gold over 2.0m from 1341.0 to 1343.0m, Osbell, section 2150 E;
  • 22.9 g/t gold over 1.2m (COM-12-890A), from 1231.8 to 1233.0m, Osbell, section 2175 E;
  • 16.0 g/t gold over 0.6m (COM-12-890D), from 1199.1 to 1199.7m, included within 8.9 g/t gold over 1.1m from 1199.1 to 1200.2m, Osbell, section 2175 E;
  • 2.4 g/t gold and 1.6% Zn over 1.5m (COM-12-906A), from 901.0 to 902.5m, included within 0.1 g/t gold and 0.23% Zn over 170.8m from 866.1m to 1036.9m, Osbell, section 2278 E.

These assay results show Osbell has multiple gold-bearing units in some sections, as demonstrated by five gold-bearing intersections in one drill hole (COM-12-896C). Deep drilling confirms the gold mineralizing system continues with depth. More drilling is required to locate high-grade lenses beneath the deposit.

Greer Gold Assays

The Greer Gold Occurrence is located 1.9kms southwest of the Osbell Resource Area (also reported as "Osborne Eastern Extension"). Maudore is pleased to report two significant gold intercepts from drill hole COM-12-895:

  • 38.7 g/t gold over 0.5m from 347.8 to 348.3m and 4.1 g/t gold over 0.6m from 350.0 to 350.6m, both included within 3.6 g/t gold over 7.6m from 346.5m to 354.1m, Greer section G1700E.

Maudore will review and rank gold prospects near Osbell and follow up on targets that will add nearby ounces in the short term.

Mafic North (Magnetic Gabbro) Area

Gold assays from the top of deep drill holes, first in Magnetic Gabbro north of the Osbell deposit, and later in other mafic rocks, has resulted in a new exploration area now called Mafic North Area. The area, 250m north of the Osbell deposit, is mapped as a magnetic high, which is due to magnetite-bearing gabbroic intrusive and mafic volcanic rocks.

Drilling results over 3.0 g/t gold obtained from the Comtois Property, Mafic North Area include:

  • 5.2 g/t gold over 1.5m (COM-12-903), from 136.0 to 137.5m, included within 2.9 g/t gold over 3.0m from 136.0 to 139.0m, Section 1475E;
  • 15.4 g/t gold over 0.5m (COM-12-903), from 404.5 to 405.0m, included within 7.9 g/t gold over 1.0m from 404.5 to 405.5m, Section 1475E;
  • 35.9 g/t gold over 1.5m (COM-12-909), from 456.1 to 457.6m, included within 14.3 g/t gold over 3.9m from 456.1 to 460.0m, Section 1587E;

The significance of discovering a new gold zone like Mafic North so close and partly within the Osbell whittle pit, is the positive impact it could have on the current Osbell Mineral Resource Estimate.

COMTOIS PROPERTY

OSBELL RESSOURCES AREA
Drill Hole Section From (m) To (m) Core length (m) Gold (g/t Au) High grade interval Weighted average
COM-12-896C 1587E 282 282.5 0.5 57.7 57.7 g/t Au over 0.5m 19.4 g/t Au over 1.5m
282.5 283.5 1 0.3  
344 344.5 0.5 9 9.0 g/t Au over 0.5m  
382.5 383 0.5 2.2   5.2 g/t Au over 1.0m
383 383.5 0.5 8.1 8.1 g/t Au over 0.5m
561.5 562.5 1 19.7 19.7 g/t Au over 1.0m 8.0 g/t Au over 2.5m
562.5 564 1.5 0.2  
736.5 738 1.5 1.1   2.5 g/t Au over 7.0m
738 739.5 1.5 0.5  
739.5 741 1.5 3.3  
741 741.9 0.9 9.7 9.7 g/t Au over 0.9m
741.9 742.6 0.7 0.4  
742.6 743.5 0.9 1.1  
COM-12-885B 2150E 1341 1341.5 0.5 0.4   6.5 g/t Au over 2.0m
1341.5 1343 1.5 8.5 8.5 g/t Au over 1.5m
COM-12-890A 2175E 1231.8 1233 1.2 22.9 22.9 g/t Au over 1.2m  
COM-12-890D 2175E 1199.1 1199.7 0.6 16 16.0 g/t Au over 0.6m 8.9 g/t Au over 1.1m
1199.7 1200.2 0.5 0.4  
COM-12-906A 2278E 901 902.5 1.5 2.4 2.4 g/t Au and 1.6% Zn over 0.6m 0.1 g/t Au and 0.23% Zn over 170.8m
GREER (POTENTIAL EASTERN EXTENSION) AREA
Drill Hole Section From (m) To (m) Core length Gold (g/t Au) High grade interval Weighted average
COM-12-895 G1700E 346.5 347.8 1.3 0.8   3.6 g/t Au over 7.6m
347.8 348.3 0.5 38.7 38.7 g/t Au over 0.5m
348.3 349 0.7 0.4  
349 349.5 0.5 0.1  
349.5 350 0.5 0.2  
350 350.6 0.6 4.1 4.1 g/t Au over 0.6m
350.6 352 1.4 0.6  
352 352.5 0.5 1.9  
352.5 353.2 0.7 1.8  
353.2 354.1 0.9 1.1  
 
MAFIC NORTH AREA
Drill Hole Section From (m) To (m) Core length Gold (g/t Au) High grade interval Weighted average
COM-12-903 1475E 136 137.5 1.5 5.2 5.2 g/t Au over 1.5m 2.9 g/t Au over 3.0m
137.5 139 1.5 0.6  
404.5 405 0.5 15.4 15.4 g/t Au over 1.5m 7.9 g/t Au over 1.0m
405 405.5 0.5 0.4  
COM-12-909 1587E 456.1 457.6 1.5 35.9 35.9 g/t Au over 1.5m 14.3 g/t Au over 3.9m
457.6 458.6 1 0  
458.6 460 1.4 1.5  


Quality Assurance and Quality Control (QA/QC)

Maudore's exploration program is supervised by Alain Carrier, M.Sc., P.Geo., of InnovExplo Inc., a consulting firm based in Val-d'Or, Quebec. Alain Carrier is a Qualified and Independent Person as defined under Regulation 43-101 guidelines. Comtois exploration is conducted under strict QA/QC protocols, including mineralized standards, blanks and field duplicates. Half of all sampled core is retained for future reference and assaying is performed by ALS Chemex laboratories in Val-d'Or and Timmins, Ontario (fire assay with AA finish and gravimetric finish for results above 3 g/t Au).

Kevin Kivi, P.Geo., Maudore's Chief Consulting Geologist, approves the technical content of this press release.

About Maudore Minerals Ltd.:
Maudore Minerals Ltd. ("Maudore") is a Canadian-based gold exploration Company controlling around 96,000ha (960km2 or 370 sq. miles) of claims dominated by gold-prospective Abitibi Greenstone belt in northwestern Quebec. Maudore owns 100% of the Comtois Gold Project defined by a continually expanding resource, solid grades and excellent metallurgical attributes. Infrastructure is excellent:

  • Highway
  • North America's lowest cost power
  • Abundant water
  • Mining-oriented local community and workforce.

Quebec is consistently ranked among the best locations worldwide for mineral exploration and development.

Cautionary Statement Regarding Forward-Looking Statements

This release contains 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 "anticipate," "believe," "expect," "estimate," "plan," and similar expressions are generally intended to identify forward-looking statements. 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, operational hazards, unexpected geological situations, unfavorable mining conditions, changing regulations and governmental policies, failure to obtain required permits and approval from government authorities, failure to obtain required financing, dependence on key personnel and environmental risks. It is recommended not to place undue reliance on forward-looking statements as the plans, intentions or expectations upon which they are based might not occur. The Company does not assume any obligation to update any forward-looking statements contained in this release, except as required by applicable law.

The TSX Venture Exchange has not reviewed this release. 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.

SOURCE Maudore Minerals Ltd.

Image with caption: "Figure shows the relative location of Osbell Deposit to Greer and Mafic North prospects, on total field magnetics with structural interpretation. (CNW Group/Maudore Minerals Ltd.)". Image available at: http://photos.newswire.ca/images/download/20121121_C2433_PHOTO_EN_21042.jpg

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...