MONTREAL,
Feb. 26, 2014 /CNW Telbec/ -
Greg Struble, President and CEO of
Maudore Minerals Ltd. ("Maudore" or the
"Corporation") (MAO: TSX-Venture; MAOMF: US
OTC; M6L: Frankfurt Exchange) reports that Maudore's
subsidiary, Aurbec Mines Inc. ("Aurbec") has commenced a
diamond drilling campaign on its Laflamme property, to test
high-priority targets located along a gold trend identified during
the 2013 work program. The Laflamme property is located about 25
kilometres northwest of the town of Lebel-sur-Quévillon and about 30 kilometres
east of the Sleeping Giant mine and mill in Quebec. The exploration program is being
conducted by Midland Exploration Inc. ("Midland"), who is
current operator of the Laflamme joint venture.
This drilling program, totaling about 1,000
metres in five (5) drill holes, will test three helicopter-borne
VTEM-type electromagnetic anomalies as well as the depth and
northeast strike extensions of the Notting Hill showing, where a
wide gold-bearing zone was intersected in 2013 grading 0.34 g/t Au
over 25.56 metres, including an interval at 3.12 g/t Au over 1.5
metres.
The three VTEM targets to be tested during this
campaign (EM-09, EM-17 and EM-18) are all located along the
favourable gold trend. Anomaly EM-09 is located about 1.5
kilometres southwest of the Comtois NW showing discovered by
Maudore, who reported grades of 71.7 g/t Au over 1.2 metres and
0.80 g/t Au over 40.80 metres about 12 kilometres northwest of the
Comtois gold deposit (see Maudore press release dated June 6, 2012). Anomalies EM-17 and EM-18 are
respectively located about 2 kilometres and 4 kilometres northeast
of the Notting Hill showing, in a flexure zone bordering an
intrusion.
The Laflamme property covers more than 50
kilometres of favourable stratigraphy and structures with potential
for orogenic gold, volcanogenic massive sulphides (Cu-Zn), and
magmatic Ni-Cu-PGE deposits associated with ultramafic rocks. This
property was acquired in 2008 based on the presence of significant
gold, copper, and zinc anomalies in till, identified under the
Octave project jointly led by the Ministère des Ressources
Naturelles et de la Faune (MRNF) and the Geological Survey of
Canada (GSC).
The Laflamme project comprises 682 claims
covering a surface area of about 359 square kilometres and is a
joint venture between Midland and Aurbec.
This press release was prepared by Mario Masson, Vice-President of Midland.
Kevin R. Kivi, P.Geo. of KIVI
Geoscience Inc., who is Maudore's Chief Consulting Geologist and a
Qualified Person under Regulation 43-101, has changed the press
release to fit Maudore's format, and approves its technical
content.
About Maudore
Maudore is a Quebec-based junior gold company 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 Company'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 1,570 km², with
the Sleeping Giant Processing Facility within trucking distance of
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.
SOURCE Maudore Minerals Ltd.