Maple GOLD Completes Regional Airborne Mag-EM Survey and Identifies New Drill Targets at Douay and Joutel
PRESS RELEASE
July 19, 2022
MAPLE GOLD COMPLETES REGIONAL AIRBORNE MAG-EM SURVEY AND
IDENTIFIES NEW DRILL TARGETS AT DOUAY AND JOUTEL
Vancouver, BC – (Newsfile Corp. – July 19, 2022) - Maple Gold Mines Ltd. (TSX-V: MGM)
(OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the " Company") is pleased to announce
that the 50/50 joint venture (the "JV") between the Company and Agnico Eagle Mines Limited
has completed a regional airborne magnetic and electromagnetic ("Mag-EM") survey to
support exploration drill targeting across 278 km 2 of JV-controlled ground, including the
western half of the Douay Gold Project ("Douay") as well as the entire Joutel Gold Project
("Joutel") in Quebec, Canada. Results from the new Mag-EM survey were analyzed alongside
existing geological and geophysical data to identify anomalies of interest throughout the survey
area that are prospective for pyritic gold and volcanogenic massive sulphide (VMS) styles of
mineralization.
Fred Speidel, VP Exploration of Maple Gold, stated: “A key pillar of our strategy is to focus
drilling and exploration work in areas that exhibit potential for additional larger and higher-
grade mineralized zones at Douay, while also testing the resource potential that remains along
and beyond the entire past-producing Eagle-Telbel mine trend at Joutel. We are already drilling
step-out and deep targets at both projects and these new Mag-EM survey results point to
additional targets not only in the Eagle-Telbel mine area and along its lateral extensions, but
also on the greater Douay property, where the Company previously identified VMS targets via
prospecting in 2018. We look forward to testing this next set of targets in upcoming JV drill
campaigns.”
Interpretation and Summary of Results
The JV is currently ranking and prioritizing at least four (4) conductive target areas from the
new Mag-EM survey for future drill testing (see Figure 1 for locations):
1. Joutel Targets include several EM anomalies within ~2-3 km of the historical Eagle,
Telbel and Eagle West deposits that have very limited drilling. These deposits appear
as discrete ~250 m diameter conductive zones aligned along a well-defined northwest
trend. Known gold mineralization at Joutel is found along a series of subparallel
structures over a strike length of at least 6 km along the Harricana/Joutel Deformation
Zones associated with the Casa Berardi South Fault. The survey indicates possible
similar structures extending more than 9 km further to the east in this area (see Figure
2 for additional detail).
2. Southeast Targets occur along the largely undrilled Douay-Joutel property boundary,
within the Cartwright Hills Group basalts that are prospective for a similar style of
mineralization to the Douay West and 531 Zones at Douay (see Figure 2 for additional
detail).
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3. Central Targets at Douay, to the west of the current mineral resource area (green pit
outlines on Figure 1), are sparsely drilled and partly coincide and extend beyond VMS
copper-zinc-(gold) ("Cu-Zn-(Au)") anomalies defined during the Company’s prospecting
work in 2018 (see news from November 14, 2018).
4. Northwest Targets at Douay are associated with an intrusive-like magnetic anomaly
that is over 2 km across. This target area is sparsely drilled and straddles the interpreted
position of the Casa Berardi North Fault.
Figure 1: Distribution of conductive target areas, known gold-bearing and other interpreted favorable
structures at Douay (>17 km) and Joutel (>6 km) on a residual magnetic base map.
Figure 2: Closeup of Eagle-Telbel mine area and Douay-Joutel property boundary with identified
conductive target areas and known/interpreted structures on a Tau dB/dt EM base map.
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The Mag-EM survey utilized Geotech Ltd.’s VTEM TM Plus Time Domain EM system with a
horizontal magnetic gradiometer configuration, providing a maximum depth of investigation
ranging from 250-700 m that is significantly greater than the maximum depth of about 150 m
from historical surveys conducted in this area. It consisted of 2,029 line-km flown using a 150
m line spacing and covered a 278 km 2 area including the western half of Douay and all of
Joutel.
Numerous conductive and magnetic anomalies were identified. Strong magnetic responses
were noted, with a measured range of >5,700 nT, including two large (>5x8 km), intrusion-like,
circular to elliptical anomalies along the northern and northeastern edges of the surveyed
block.
Electromagnetically, the block is characterized as being largely resistive with sparse, moderate
to highly conductive, EW to WNW-ESE linear trends occurring throughout, but mainly focused
in the eastern half of the surveyed area. The western part of the block features a mainly larger
area (>1x2 km) with EW elongate conductive responses, some of which may be lithologic. The
eastern half of the block features a mix of numerous short strike-length (<150-500 m), discrete
deeper conductor axes, mainly located in the northern part. Most EM conductors either closely
parallel or coincide with magnetic high horizons. Apparent resistivities range from lows of <2-
100 ohm-m to highs of 800-4,500 ohm-m.
Qualified Person
The scientific and technical data contained in this press release was reviewed and prepared
under the supervision of Fred Speidel, M. Sc., P. Geo., Vice-President Exploration of Maple
Gold. Mr. Speidel is a Qualified Person under National Instrument 43-101 Standards of
Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration
information disclosed in this press release through his direct participation in the work.
About Maple Gold
Maple Gold Mines Ltd. is a Canadian advanced exploration company in a 50/50 joint venture
with Agnico Eagle Mines Limited to jointly advance the district-scale Douay and Joutel gold
projects located in Quebec’s prolific Abitibi Greenstone Gold Belt. The projects benefit from
exceptional infrastructure access and boast ~400 km 2 of highly prospective ground including
an established gold resource at Douay (SLR 2022) that holds significant expansion potential
as well as the past-producing Eagle, Telbel and Eagle West mines at Joutel. In addition, the
Company holds an exclusive option to acquire 100% of the Eagle Mine Property.
The district-scale property package also hosts a significant number of regional exploration
targets covering 55 km of strike length along the Casa Berardi Deformation Zone that are yet
to be drill tested, making the project ripe for new gold and polymetallic discoveries. The
Company is well capitalized and is currently focused on carrying out exploration and drill
programs to grow resources and make new discoveries to establish an exciting new gold
district in the heart of the Abitibi. For more information, please visit www.maplegoldmines.com.
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ON BEHALF OF MAPLE GOLD MINES LTD.
"Matthew Hornor"
B. Matthew Hornor, President & CEO
For Further Information Please Contact:
Mr. Joness Lang
Executive Vice-President
Cell: 778.686.6836
Email: [email protected]
Mr. Kiran Patankar
SVP, Growth Strategy
Cell: 604.935.9577
Email: [email protected]
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Forward-Looking Statements:
This press release contains "forward-looking information" and "forward-looking statements" (collectively referred to as
"forward-looking statements") within the meaning of applicable Canadian securities legislation in Canada, including statements
about exploration work and results from current and future work programs. Forward-looking statements are based on
assumptions, uncertainties and management's best estimate of future events. Actual events or results could differ materially
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uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. For a more detailed
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disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information,
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