Step-Out Success to Support Phase II Drilling and Mineral Resource Update Planned for H2 2025
600-1111 West Hastings Street O: +1 (647) 266-8688
Vancouver, BC, V6E 2J3 E: [email protected]
Canada W: maplegoldmines.com
TSX.V : MGM
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PRESS RELEASE
July 15, 2025
MAPLE GOLD EXTENDS HIGH-GRADE GOLD AT DOUAY WITH 4.87 G/T GOLD OVER 15
METRES, INCLUDING 11.25 G/T GOLD OVER 5 METRES, IN THE 531 ZONE AND 2.21 G/T
GOLD OVER 31 METRES, INCLUDING 5.54 G/T GOLD OVER 7 METRES, IN THE NIKA ZONE
Step-Out Success to Support Phase II Drilling and Mineral Resource Update Planned for H2 2025
Vancouver, BC – (Newsfile Corp. – July 15, 2025) – Maple Gold Mines Ltd. (TSX-V: MGM) (OTCQB:
MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to report final assay results from
sixteen (16) additional drill holes completed during the 12,240-metre ("m") 2025 winter drill campaign
(the "Program") at its 100%-owned Douay Gold Project ("Douay") located along the Casa Berardi -
Douay Gold Trend in Québec, Canada. Step-out drilling in the 531 Zone and the Nika Zone continues
to confirm s ignificant extensions of high- grade gold zones well below the current Douay mineral
resource estimate ( "MRE") conceptual pit shell s, demonstrating the potential for bulk tonnage
underground gold mineralization at depth (see Figures 1 and 2 for drill hole locations and Table 1 for
complete assay results).
Highlights:
• In the 531 Zone, all five (5) step-out drill holes returned zones of high-grade gold mineralization
starting from 200 m below the defined mineralization and conceptual pit shell in the current
Douay MRE, including:
o Drill hole DO -25-351, which intersected 4.87 grams per tonne gold (" g/t Au") over
15.0 m (from 393 m), including 11.25 g/t Au over 5.0 m;
o Drill hole DO -25-352, which intersected 3.66 g/t Au over 11.4 m (from 593.7 m ),
including 11.04 g/t Au over 2.85 m, within a broader mineralized envelope that returned
1.41 g/t Au over 49.5 m; and
o Drill hole DO -25-349, which intersected 3.00 g/t Au over 10. 8 m (from 639 .2 m ),
including 4.51 g/t Au over 5 m.
• In the Nika Zone, five (5) drill holes were completed to follow-up on drill hole DO-25-338, which
intersected 2.10 g/t Au over 108.6 m (from 537.4 m), including 3.15 g/t Au over 55.8 m, and
including 5.16 g/t Au over 17 m in a significant (300-m) down-plunge step-out from the nearest
drilling in the Nika Zone and well below the defined mineralization and conceptual pit shell in
the current Douay MRE (see Company news release dated April 3, 2025), including:
o Drill hole DO-25-54Ext, an extension of drill hole DO-11-54, which intersected 2.21 g/t
Au over 31 m (from 697 m), including 2.93 g/t Au over 20 m, and including 5.54 g/t Au
over 7 m, within a broader mineralized envelope that returned 1.26 g/t Au over 60 m
o Four (4) additional step-out drill holes all confirmed a broad alteration corridor that hosts
gold mineralization to a depth of 600 m below the Douay MRE conceptual pit shell.
• The 531 Zone and Nika Zone extensions represent two new high-priority targets for the
Company and both targets remain open in multiple directions.
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“The Company’s inaugural drill program under new leadership has delivered exciting results and
achieved all our stated objectives,” stated Kiran Patankar, Maple Gold’s President and Chief Executive
Officer. “Step-out drilling success in multiple zones points to the significant potential for high-grade
extensions of the existing Douay deposit. It also validates our improved geological and targeting models
and supports further resource growth and new discovery potential, all of which are key drive rs of
shareholder value. With our summer exploration season well underway and plans for additional drilling
and an updated MRE later this year, H2 2025 is expected to be a busy news flow period with several
important questions being answered.”
Ian Cunningham-Dunlop, Maple Gold's Vice President, Technical Services, added: "The encouraging
2025 Douay winter drill program results are a testament to hard work and dedication of our revamped
exploration team over the past year. We now have a much clearer understanding of the high-grade
mineralization controls within the Douay resource area and have shown that gold mineralization and
an associated fenite -hematite-albite-pyrite alteration zone extends to significant depths below the
current MRE conceptual pit shells with the potential for bulk tonnage underground mineable grades.
The Company is planning additional step-out drilling in the 531 Zone and Nika Zone later this year and
we are excited about the potential for these zones to deliver additional pit-constrained and underground
resources going forward.”
Program Details
The Company approved a minimum of 10,000 m of diamond drilling with one drill rig at Douay starting
in January 2025. Based on encouraging early results, particularly from drill hole DO-25-338 in the Nika
Zone, the Program was expanded in March 2025 to 12,000 m using two drill rigs. The Program focused
on de -risking and expanding the Douay MRE (70% of total meterage) with a particular focus on
understanding the controls and demonstrating lateral and vertical continuity of known high- grade
mineralization through systematic step-outs. The Program also tested new regional targets along strike
from the Douay MRE along parallel structures and key lithologic breaks (30% of total meterage).
Between January 14, 2025 and May 28, 2025, the Company completed 21 diamond drill holes totaling
12,240 m (see Table 2 for Program summary). Reported assay results in this news release include five
(5) follow-up holes completed on a recently defined high-grade, bulk tonnage target in the Nika Zone;
five (5) holes in the 531 Zone; three (3) holes in the Porphyry West Zone; and one (1) hole each in the
Porphyry Central Zone, Central Zone, and Douay Quest regional target.
The Program was completed on time, under budget and with no lost time incidents due to project
efficiencies and l ower-than-expected drilling and camp costs. All-in direct drilling cost s were $300/m
(vs. $400/m budgeted). The Company utilized Major Drilling for contract diamond drilling services and
Explo-Logik Inc. for project support and contract exploration services. All assay results from the
Program have now been received and reported.
Key Program achievements include:
• Validation of the Company’s year -long data compilation and drill targeting exercise with gold
mineralization intersected in all 21 drill holes supporting potential resource conversion
and growth;
• Significant extension of high-grade gold zones well below the current Douay MRE conceptual
pit shells in the 531 Zone and Nika Zone ( 200 m and 600 m extensions, respectively)
demonstrating the potential for bulk tonnage underground gold mineralization at depth;
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• Improved understanding of structural controls on high-grade gold mineralization through
the collection and detailed analysis of oriented drill core data and the definition of a moderately
southeast plunging intersection lineation between early east-southeast trending sericitic shears
and late pyrite-chlorite+/-calcite brittle fractures;
• Development of more robust 3D lithostructural, alteration and mineralization models to
help guide future Douay exploration as well as a planned MRE update in H2 2025; and
• Successful execution with continued focus on project efficiencies, cost saving measures
and safety performance.
Figure 1. Plan view map of the Douay mineralized zones, 2022 MRE outline and pit limits, 2025 completed drill
holes and reported intercepts.
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Figure 2. North-looking Douay composite longitudinal section with 2022 MRE blocks, 2025 drill target areas,
and 2025 completed drill holes and reported intercepts, and highlighted assay results.
Discussion of 531 Zone Results
The 531 Zone is located in the eastern portion of the Douay MRE (see Figure 1) adjacent to Highway
109. In September 2021, drill hole DO-21-310 returned 8.8 g/t Au over 28.5 m (from 295 m), including
12.7 g/t Au over 10 m (see Company news release dated September 9, 2021). The Company drilled
five (5) step-out holes during the Program aimed at extending similar high-grade gold mineralization.
The 531 Zone hosts two (or more) high-grade gold subparallel mineralized horizons, trending ESE with
a steep SSW dip, spaced up to 70 m apart, characterized by strongly albitized basalt, infiltrated by
syenite dykes, and sub-millimetre scale disseminated and fracture-controlled pyrite. A northern horizon
differs with the gold mineralization hosted within 0.5–5 m thick chert beds with the highest-grade core
of the zone found in the hanging wall to an impermeable ultramafic volcanic rock which acts as a barrier
for gold distribution. The 531 Zone exhibits similarities to the Nika Zone in that gold mineralization is
associated with syenite dikes related to the Douay Intrusive Complex ("DIC") within an area underlain
by mafic to ultramafic volcanic rocks with multiple interflow sedimentary (argillite and cherty) horizons.
Holes DO-25-348/350/352 were drilled to test a possible moderate plunge to the southeast (the "Nika
Plunge") (see Figure 3) and returned strong zones of gold mineralization beginning at and up to 200
m below the current Douay MRE conceptual pit floor (in the hanging wall to the ultramafic unit) and
returned:
• 1.67 g/t Au over 16 m (from 372 m), including 3.41 g/t Au over 4 m, within a broader envelope
of mineralization that returned 0.66 g/t Au over 104 m, in hole DO-25-348, and
• 1.45 g/t Au over 38.9 m (from 467 m), including 1.96 g/t Au over 20.8 m, including 2.54 g/t Au
over 12.0 m, and 1.41 g/t Au over 49.5 m (from 576 m), including 3.66 g/t Au over 11.4 m ,
including 11.04 g/t Au over 2.85 m, in hole DO-25-352.
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Holes DO-25-349 and 351 were drilled to test a moderate westerly to southwesterly plunge to the high-
grade mineralization, possibly related to an earlier folding event. Both holes intersected promising gold
zones at targeted depths in 400 m and 200 m respective step -outs below the current Douay MRE
conceptual pit floor in the immediate hanging wall to the steeply southwest dipping ultramafic unit
(Figure 4) and returned:
• 4.87 g/t Au over 15 m (from 393 m), including 11.25 g/t Au over 5 m, in hole DO-25-351, and
• 3.00 g/t Au over 10.8 m, including 4.51 g/t Au over 5 m, including 12.6 g/t Au over 1.0 m, in
hole DO-25-349.
The 531 Zone remains open in multiple directions with potential west, southwest and southeast
plunge controls on high-grade zones and the opportunity to add to the existing mineral resource
base is considered excellent.
Figure 3. North-looking 531 Zone Longitudinal Section with 2025 Drill Holes
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Figure 4. West-looking 531 Zone Cross Section with 2025 Drill Holes DO-25-348 and DO-25-352
Discussion of Nika Zone Results
The Nika Zone lies in the northwestern portion of the Douay MRE (see Figure 1) and is geologically
similar to the main Porphyry Zone, as both zones are hosted within a mixed basalt -syenite intrusive
sequence, including thick syenitic dykes that are well mineralized. In May 2021, drill hole DO-21-282X
returned 1.58 g/t Au over 132 m (from 185.5 m), including 1.76 g/t Au over 100.3 m, including 5.49
g/t Au over 9.6 m, which was the best intersection reported in the Nika Zone at the time (see Company
news release dated May 26, 2021).
In April 2025, the Company reported step-out drill hole DO-25-338, located 300-m down-plunge from
drill hole DO-21-282X (see Figure 5), which returned 2.10 g/t Au over 108.6 m (from 495 m), including
3.15 g/t Au over 55.8 m, including 6.15 g/t over 7.8 m, and including 5.16 g/t Au over 17.0 m, and
represents the best hole drilled to date in the Nika Zone based on gold accumulation (grade x
thickness).
Gold mineralization at the Nika Zone is hosted within strongly fenite-altered (K-feldspar, amphibole,
magnetite), hematized and albitized syenite, with hydro thermal breccias creating a fracture network
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filled by fine quartz, carbonate, 5-10% disseminated pyrite (locally 15%), and chlorite (see Plate 1). 3D
modeling of the fenitized alteration corridor by the Company has shown an approximate orientation of
ESE and with steep dip to the SSW. The intersection lineation between early east-southeast trending
sericitic shears and late pyrite-chlorite+/-calcite brittle fractures suggests a moderately plunging control
on higher-grade mineralization to the southeast (i.e. the Nika Plunge). The Nika Zone remains open in
multiple directions and is a high priority for the Company.
Five (5) step-out drill holes were completed during the Program to follow-up on hole DO -25-338 by
testing areas up -plunge, down-plunge and laterally to establish continuity of the broader fenitized
alteration corridor and confirm the potential plunge of the high-grade corridor as supported by detailed
core orientation data suggesting a moderate linear plunge to the southeast (see Figure 5). All five (5)
holes returned gold mineralization as follows:
• Hole DO-25-54Ext was an extension of hole DO-11-54 from 370.0 m to 900.0 m to test the area
30 m north of hole DO-25-338. Hole DO-25-54Ext returned an encouraging 1.26 g/t Au over
60 m (from 669 m) , including 2.21 g/t Au over 31 m, including 2.93 g/t Au over 20 m, and
including 5.54 g/t Au over 7 m.
• Hole DO-25-338W1 was a wedge from hole DO -25-338W1 to test the area 25 m up -dip from
DO-25-338. Hole DO-25-338W1 returned a broad zone of gold mineralization averaging 0.29
g/t Au over 114.3 m, including 0.44 g/t Au over 17.3 m.
• Hole DO-25-345 was drilled approximately halfway between hole DO21-282X and hole DO-25-
338W1, within an untested 275 m gap. The hole intersected very extensive fenitized zone which
returned 0.38 g/t Au over 262.0 m, including individual intervals of 1.12 g/t Au over 12.8 m ,
1.50 g/t Au over 8.9 m, and 1.10 g/t Au over 18.0 m, including 2.04 g/t Au over 5.6 m.
• Hole DO-25-346 was drilled 50 m southeast of hole DO-25-338 and returned 0.46 g/t Au over
25.0 m and may have drilled over the plunge of the higher-grade portion of the zone.
• Hole DO-25-347 was drilled below hole DO -25-338 and, due a steepening of stratigraphy,
intersected the strong fenitized halo associated with the Nika Zone almost 300 m down-dip. The
hole returned multiple intervals of gold mineralization including 1.52 g/t Au over 6.7 m, 1.0 g/t
Au over 10.0 m, and 1.10 g/t Au over 2.1 m.
The Nika Zone remains open in multiple directions and the intercept in hole DO-25-338 is located
approximately 1,200 m east of the existing Douay headframe and mining infrastructure.
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Figure 5. North-Northeast-looking Nika Zone Longitudinal Section with 2025 Drill Holes
Discussion of Porphyry West and Porphyry Central Zone Results
The Porphyry Zone hosts high tonnage, lower grade, structurally controlled gold mineralization within
the Porphyry West, Porphyry Central and Porphyry East Zones with >55% of the contained Indicated
and Inferred gold ounces within the current Douay MRE1.
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 effective
date of March 17, 2022, and dated April 29, 2022.