Maudore Reports Gold Assays from Underground Drilling completed on 605m and 725m levels of Sleeping Giant Mine

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.

For further information:

CONTACTS:

Greg Struble
President and CEO
Email: greg.struble@maudore.com
+1 647 927 0239

George Fowlie
Chairman of the Board
Email: george.fowlie@maudore.com
+1 416 587 9801

Claudine Bellehumeur
Chief Financial Officer
Email: cbellehumeur@aurbec.com
+1 819 825 4343

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Maudore Minerals Ltd.

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