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MAP Maple Peak Investments Inc

0.01
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Maple Peak Investments Inc TSXV:MAP TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.01 0.01 0.045 0 01:00:00

Maestro Outlines 2010 Exploration Plans

01/12/2009 5:15pm

Marketwired


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Maestro Ventures Ltd. (TSX VENTURE: MAP) ("Maestro", or the "Company") today announced its plans for exploration & development on all its gold projects in Utah & Nevada.

"The board and management of Maestro are excited about our plans for expanded exploration activities," commented Kris Kottmeier, Maestro's CEO. "We are eager to step up our exploration on our existing properties and on acquisitions in the Great Basin, focusing on new and emerging mineral trends." The company has spent the past year consolidating key projects, while assessing a number of opportunities in emerging areas of gold exploration interest in the Great Basin.

2010 Gold Exploration

Maestro is advancing four projects in the Great Basin, including: 1) the advanced-stage Kings Canyon gold project located in western Utah; 2) the Green Springs gold project located at the intersection of the north-northwest trending Cortez Trend and the Marysville east-west trending intrusive belt; 3) the Star Point gold/copper project in west-central Nevada, and 4) the Gold Ore project in western Nevada. The board is seeking financing to advance these four key projects, while also positioning the company for innovative acquisitions and alliances.

Both the Star Point and Gold Ore projects lie on the deep seated, fault-controlled, northeast-trending Oreana trend, which hosts the newly defined Willard gold resource (Rye Patch Gold), Spring Valley gold resource (Midway Gold/Barrick JV), Rochester silver-gold deposit (mined by Coeur d'Alene Mines), and Goldbanks (Kinross/Desert Gold JV) to the northeast.

Maestro President Hans Rasmussen commented, "Even as we are entertaining interest for commercial deals on our Kings Canyon and Green Springs projects, we have outlined aggressive exploration programs for Star Point, Gold Ore and a new area play in western Nevada. In all cases, we have selected projects with near-term results and they are in and around existing, new discoveries. Thus we have confidence that once we begin exploring, we will have success along with our neighbors."

Maestro intends to execute exploration on its projects as follows:

Star Point Gold/Copper Project

Maestro plans an aggressive exploration campaign on Star Point where outcropping gold-copper mineralization follows a north-south fault zone in the upper plate Valmy Formation. Mineralization appears in prospect pits that extend for approximately five kilometres along the north-south fault. Assay results vary from below detection to 5 percent copper and 5 grams per tonne gold. Prior to drilling, the Company will conduct geophysical surveys, which will be combined with detailed mapping and sampling conducted in 2008. Based on the merged, interpreted data, a 5,000 foot reverse circulation drilling program will commence in mid-2010 to target structural intersections testing for gold mineralization hosted in the upper and lower plate lithologies as well as possible intrusive sources for the gold-copper mineralization.

Gold Ore Project

At Gold Ore an exploration program combining geophysics, geochemistry and geology will commence in early 2010 and a 5,000-foot drilling program will follow. As the Company reported in its September 29, 2008 news release, first pass rock chip sampling has returned assay values from below detection to 8.3 grams per tonne gold, from below detection to 336 grams per tonne silver, from 14 parts per million (ppm) to 0.3 percent copper, 30.6 ppm to 27.2 percent lead and 12 ppm to 35.3 percent zinc. Because of the very anomalous, multi-commodity nature of the mineralization at Gold Ore, Maestro's management believes that a large intrusive-related metal source should be the focus of the exploration program, thus geophysical surveys and geochemical sampling will be key to locating principle areas for drilling.

Financing

Maestro has commenced discussions with finance groups to raise sufficient capital to fund its exploration plans. Any shareholder and investors interested in participating in a future offering should contact Kris Kottmeier, CEO at (604) 506-2502 or via email at kris@maestroventures.com.

On behalf of the Board of Directors,

Kris Kottmeier, Chief Executive Officer

Maestro Ventures Ltd.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Maestro Ventures Ltd. Benjamin H. Curry Head of Investor Relations 1-877-689-2881 www.maestroventures.com

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