Maple GOLD Commences 10,000 Metre Phase I Drill Program at Douay and Provides 2025 Outlook FOR the Douay/Joutel GOLD Project
600 -1111 West Hastings Street O: +1 (647) 266 -8688
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PRESS RELEASE
January 22, 2025
MAPLE GOLD COMMENCES 10,000 METRE PHASE I DRILL PROGRAM AT DOUAY AND
PROVIDES 2025 OUTLOOK FOR THE DOUAY/JOUTEL GOLD PROJECT
Drill Now Turning to Expand and Upgrade Current Douay Mineral Resource and Test New Property-
Wide Discovery Targets
Vancouver, BC – (Newsfile Corp. – January 22, 2025) – Maple Gold Mines Ltd. (TSX-V: MGM)
(OTCQB: MGMLF) (FSE: M3G) (" Maple Gold " or the " Company ") is pleased to provide an exploration
update and 2025 outlook for its 100%-owned Douay Go ld Project ("Douay ") and Joutel Gold Project
(" Joutel") (together, "Douay/Joutel" or the " Property ") located along the Casa Berardi-Douay Gold
Trend in Québec, Canada (see Figures 1 and 2).
A 10,000-metre ("m") Phase I diamond drilling program (the "Program ") has now commenced at Douay
with an expected duration of three to four months. The location of the Douay mineralized zones and
primary targets are shown in Figures 3 and 4. Key objectives of the Program include:
Targeting poorly drilled areas within Inferred Res ources for conversion to Indicated Resources
within the pit-constrained and underground resource domains;
Step-out drilling along strike, down-dip, and down -plunge to expand Inferred Resources
Step-out drilling from zones of high-grade gold mi neralization within the underground Inferred
Resources to demonstrate lateral and vertical continuity;
Targeting areas between modeled mineralized zones with geological continuity; and
Testing new targets developed during the compilati on exercise of geological, geochemical and
geophysical data.
Concurrent development initiatives are anticipated throughout 2025 to advance and de-risk the Douay
deposit, including a review of the current Douay mineral resource estimate (" MRE ") and an evaluation
of potential scenarios to optimize higher grade min eral resources that could be accessible via
underground mining methods. An additional 3,000 m of diamond drilling is planned at Joutel in H2 2025
to extend the known high-grade gold mineralization along the past-producing Eagle-Telbel mine trend.
“We are excited to be drilling again at Douay with refocused attention on the higher-grade core of the
deposit and its possible extensions both within and beyond our current drill pattern up to 500 m vertical
depth,” stated Kiran Patankar, President and CEO. “Maple Gold’s technical team has accomplished a
monumental task in compiling over 50 years of explo ration data to generate new
geological/structural/geochemical 3D models that ha ve vastly improved our drill targeting. This work
highlights the excellent exploration potential of D ouay/Joutel, the importance of its location along t he
deep-seated Casa Berardi break, and the opportunity for the Property to host multiple gold deposits
within a variety of geological settings. Our focus in 2025 will be executing a comprehensive exploration
and development program that is aimed at delivering shareholder value through the drill bit and via
project de-risking, while maintaining strict cost discipline across the Company.”
A total exploration budget of approximately $6.3 mi llion has been established for 2025, including
permitting, drilling, assaying, personnel, camp and site support costs. The 2025 work program will be
fully funded from Maple Gold’s existing treasury.
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Program Details
The Company is currently planning a minimum of 10,000 m of diamond drilling at Douay in 2025. Phase
I drilling has now commenced with an expected durat ion of approximately three to four months (see
Figures 3 and 4). The breakdown of the drilling metreage will be approximately: 70% dedicated to de-
risking and expanding the Douay MRE through strateg ic infill and step-out holes (along strike and at
depth); and 30% for the testing of new regional geo logical and geophysical targets along strike from
the Douay MRE and north into the Taibi Group sedime nts along favourable structural breaks and
lithologic contacts. The Company plans to complete infill drilling throughout the Douay MRE to convert
Inferred Resources to Indicated Resources, potentially add new Inferred Resources within poorly drilled
100-200 m gaps between modeled mineral domains and target the down-plunge extensions of higher-
grade zones outside the Douay MRE.
The Company plans to utilize all available data from its year-long data compilation exercise to initially
target the shallow portions of the Douay mineralizing system (<500 m vertical depth) to fully understand
the geometry of the known zones and outline key plu nge directions (Phase I on Figure 4) before
systematically stepping down-plunge and at depth (>500 m vertical depth) during a proposed second
drilling phase (Phase II on Figure 4). This will al low the Company to control exploration risk and
maximize exploration success.
The initial focus of Phase I drilling will be on th e central portions of the Douay MRE targeting highe r
grade areas within the Porphyry Zone (comprised of West/Central/East portions), which is hosted within
the Douay Intrusive Complex and includes some of the highest-grade assays returned on the Property
(up to 2,888 grams/tonne ("g/t") of gold ("Au") over 0.5 m in historical drill hole DO-05-04 ). Other
targets include: the 531 Zone which is hosted withi n mafic volcanic and folded interflow sedimentary
rocks and includes one of highest-grade gold intersections reported by the Company in drill hole DO-
21-310 which returned 8.8 g/t Au over 28.5 m , including 12.7 g/t Au over 10.0 m and 31.1 g/t Au over
0.5 m (see Company news release dated September 9, 2021); and the Main Zone which lies along the
northern edge of the Douay Deformation Zone (" DDZ ") with gold mineralization hosted along the
sheared graphitic contact between the Taibi Group v olcaniclastic and sedimentary rocks to the north
and Cartwright Hills Group mafic volcanic rocks to the south. Taibi Group sediments represent a
promising new target area for the Company with the potential for sediment-hosted gold deposits along
a major lithotectonic boundary similar to the Casa Berardi and Canadian Malartic deposits.
Douay/Joutel Exploration Update
Since the completion of its last drilling campaign in Spring 2023, the Company has focused on
streamlining onsite operations, standardizing proce dures, enhancing efficiencies, centralizing data
management, optimizing workflow, and reducing overhead site costs. This effort has led to increased
productivity from a revamped technical team that ha s reviewed historical drill core, compiled and
digitized data, distinguished new geological and st ructural controls on gold mineralization, and
developed vectors for targeting gold mineralization in the next phases of drilling.
Key tasks completed by the Maple Gold technical tea m include: re-logging of historical diamond drill
core (>20,000 m); re-interpretation and preparation of drill hole cross-sections and level plans for a ll
mineralized zones; updating and creating new robust 3D geological and structural models in Leapfrog
software; updating of the Property-wide drill hole and geochemical databases with previously
unincorporated historical data; layering of geological, structural, geochemical and geophysical data sets
to generate new targets; and use of expert geochemi cal consultants to process multi-element assay
data to identify potential pathfinder elements and ‘hot’ spots.
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Key findings from the year-long data review and compilation exercise include:
The Casa Berardi Deformation Zone (the " CBDZ ") widens around Douay/Joutel resulting in
complex zones along the DDZ of brittle and ductile deformation, subsidiary splays, NNE cross-
faulting, and potential dextral rotation around the Douay Intrusive Complex resulting in Delta-
type pressure shadows and possible structural traps for gold (see Figure 2).
A variety of host domains and rock types are favou rable for gold mineralization including the
Douay Alkaline Intrusion, Taibi Group sediments (in cluding iron formations), Cartwright Hills
Group basalts (including Fe-Rich tholeiitic komatiites), Temiskaming-style conglomerates, and
structural breaks associated with major lithotectonic (volcanic-sedimentary) contacts.
Multiple styles and generations of mineralization are present at Douay/Joutel including
Intrusion-Related Gold Systems (" IRGS "), multi-phase breccias, late orogenic gold, and
synvolcanic-exhalative gold (Eagle-Telbel).
Gold mineralization is commonly associated with br oad zones of albitization, Fe-
carbonatization, silicification, hematization, feni tization, biotitization, and pyritization and
alteration can be used as a key vector for gold mineralization.
The twelve (12) main mineralized zones all display a strong plunge geometry to the higher-
grade gold mineralization, which varies from shallow to steep, and from southeast to southwest,
possibly related to an earlier folding event. There also appears be a periodicity to the
mineralized zones within the DDZ spaced 500 m to 1,000 m apart (see Figure 3).
There has been very limited drilling below 500 m v ertical depth in comparison to other gold
deposits in the Abitibi (East Gouldie/Odyssey, LaRonde) (see Figure 4).
Planned Douay Development Initiatives
The Company plans to review the current Douay MRE for the Project which currently contains both pit-
constrained and underground Inferred and Indicated mineral resources to optimize higher grade
resources that could be accessible via an underground mining scenario. Initial focus would include the
Douay West zone which currently hosts Indicated mineral resources totaling 4.2 million tonnes ("Mt ")
grading 2.13 g/t Au ( containing 286,000 ounces of Au ) and Inferred mineral resources totaling 3.7 Mt
grading 1.39 g/t Au ( containing 169,000 ounces of Au )1. Douay West also includes existing surface
infrastructure constructed in 1995 including a headframe and mine hoist.
1 For additional details, see the technical report for the Douay gold project entitled "Technical Report on the Douay and Joutel
Projects Northwestern Québec, Canada Report for NI 43-101" prepared by SLR Consulting (Canada) Ltd. with an e ffective
date of March 17, 2022, and dated April 29, 2022.
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Figure 1: Location of the Douay/Joutel (Eagle-Telbel) Property in the Abitibi Sub-Province, Québec
Figure 2: Plan view map showing generalized geology and mineralized zones at Douay/Joutel
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Figure 3: Plan view map showing location of Douay Mineralized Zones, 2025 Target Area and Drill Collars
Figure 4: Composite longitudinal section showing location of Douay Mineralized Zones and 2025 Target Areas
(in red) (note: comparison to other deposits for reference purposes only)
2024 Exploration Work Completed at Joutel and Morris VMS Project
In Q2 2024, the Company completed a 525 line-km airborne drone-magnetic geophysical survey over
a detailed grid on the western portion of the Joutel gold project to assist in the development of new drill
targets along the western strike extent of the Eagle-Telbel stratigraphy.
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In Q3 2024, the Company completed a lithogeochemical sampling program over its Morris volcanogenic
massive sulphide ("VMS ") project, located 29 km east of Matagami, Québec. The program focused on
the felsic volcanic rocks of the key Watson Lake formation which is present on the Morris project and
is known to host the major VMS deposits within the Matagami mining camp. The Summer 2024
sampling program highlighted several areas of highly altered rhyolite, and the Company is developing
plans for follow-up work in 2025.
Qualified Person
Ian Cunningham-Dunlop, P.Eng., Vice President, Tech nical Services of Maple Gold and a qualified
person (" QP ") as defined by Canadian National Instrument 43-10 1, has reviewed and approved the
scientific and technical information related to exp loration and Mineral Resource matters contained in
this news release.
About the Douay/Joutel Gold Project
The Douay/Joutel Gold Project is located adjacent to Highway 109 in the heart of the Abitibi greenstone
belt, Canada's premier gold mining jurisdiction (see Figure 1). This large, 100%-owned land package
includes the multi-million ounce 2 Douay Gold Project and the past-producing, high-grade Joutel Gold
Mine Complex 3. The Property contains ~400 km 2 of highly prospective geology (see Figure 2) withi n
the influence of the major gold-bearing CDBZ. Gold mines in the immediate region include the Casa
Berardi Gold Mine operated by Hecla Mining Company and the Detour Lak e Gold Mine operated by
Agnico Eagle Mines Ltd. (see Figure 1).
About Maple Gold
Maple Gold Mines Ltd. is a Canadian advanced exploration company focused on advancing its 100%-
owned, district-scale Douay and Joutel gold project s located in Québec's prolific Abitibi Greenstone
Gold Belt. The Douay/Joutel projects benefit from e xceptional infrastructure access and boast ~400
km 2 of highly prospective ground including an establis hed gold mineral resource at Douay with
significant expansion potential as well as the past-producing Telbel and Eagle West mines at Joutel. In
addition, the Company holds an exclusive option to acquire 100% of the Eagle Mine Property, a key
part of the historical Joutel Mining Complex.
Maple Gold’s property package also hosts a significant number of regional exploration targets along a
55-km strike length of the Casa Berardi Deformation Zone that have yet to be tested through drilling,
making the property ripe for new gold and polymetallic discoveries. The Company is currently focused
on carrying out exploration and drill programs to grow mineral resources and make new discoveries to
establish an exciting new gold district in the hear t of the Abitibi. For more information, please visi t
www.maplegoldmines.com .
2 The Douay Project contains Indicated Mineral Resources estimated at 10 million tonnes at a grade of 1.59 g/t Au (containing
511,000 ounces of gold), and Inferred Mineral Resources estimated at 76.7 million tonnes at a grade of 1.02 g/t Au (containing
2,527,000 ounces of gold). See the technical report for the Douay Gold Project entitled “ Technical Report on the Douay and
Joutel Projects Northwestern Québec, Canada Report for NI 43-101” prepared by SLR Consulting (Canada) Ltd. with an
effective date of March 17, 2022, and dated April 29, 2022.
3 The Eagle, Eagle West and Telbel Gold Mines at Jout el were in production from 1974 to 1993 and produce d 1.1 million
ounces of gold at an average grade of 6.5 g/t Au (Agnico Eagle Mines Ltd. website)
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ON BEHALF OF MAPLE GOLD MINES LTD.
"Kiran Patankar"
Kiran Patankar, President & CEO
For Further Information Please Contact:
Mr. Kiran Patankar
President & CEO
Tel: 604.639.2536
Email: [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VEN TURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.
Forward Looking Statements and Cautionary Notes:
This news release contains “forward-looking informa tion” and “forward-looking statements” (collectivel y referred to as
“forward-looking statements”) within the meaning of applicable Canadian securities legislation in Cana da. Forward-looking
statements are statements that are not historical f acts; they are generally, but not always, identifie d by the words “expects,”
“plans,” “anticipates,” “believes,” “intends,” “est imates,” “projects,” “aims,” “potential,” “goal,” “ objective,”, “strategy”,
“prospective,” and similar expressions, or that eve nts or conditions “will,” “would,” “may,” “can,” “c ould” or “should” occur, or
are those statements, which, by their nature, refer to future events. Forward-looking statements in this news release include,
but are not limited to, statements about the resource expansion and discovery potential across the Company’s gold projects,
and its intention to pursue such potential, and the Company’s exploration work and results from curren t and future work
programs. Although the Company believes that forwar d-looking statements in this news release are reaso nable, it can give
no assurance that such expectations will prove to b e correct, as forward-looking statements are based on assumptions,
uncertainties and management’s best estimate of fut ure events on the date the statements are made and involve a number
of risks and uncertainties. Consequently, actual events or results could differ materially from the Company’s expectations and
projections, and readers are cautioned not to place undue reliance on forward-looking statements. For a more detailed
discussion of additional risks and other factors th at could cause actual results to differ materially from those expressed or
implied by forward-looking statements in this news release, please refer to the Company’s filings with Canadian securities
regulators available on the System for Electronic D ocument Analysis and Retrieval Plus (SEDAR+) at www.sedarplus.ca or
the Company’s website at www.maplegoldmines.com . Except to the extent required by applicable securities laws and/or the
policies of the TSX Venture Exchange, the Company u ndertakes no obligation to, and expressly disclaims any intention to,
update or revise any forward-looking statements whether as a result of new information, future events or otherwise.