Maple Gold defines new Nika Gold Zone with initial drill results from gap area between Porphyry, Douay West and NW zones
PRESS RELEASE
April 23, 2018
Maple Gold defines new Nika Gold Zone with initial drill results from gap
area between Porphyry, Douay West and NW zones
April 23, 2018 – Montreal (Quebec): Maple Gold Mines Ltd. (“Maple Gold” or the “ Company”) (TSX-V:
MGM, OTCQB: MGMLF; Frankfurt: M3G) is pleased to provide an update on the ongoing winter drilling
campaign. The program has ramped up with eight (8) diamond core drill rigs now actively testing all target
areas (Resource Area, NE Syenite and NW Syen ite targets). One of the company’s high-priority targets
is the area between the Porphyry, Douay West and NW zones, now referred to as the “Nika Zone”, which
has a lower drill -hole density and strong potential for new d iscoveries and extension s of existing
resource zones. The Company has received results from 4 drill-holes in this area, with highlights below:
DO-18-217: 104m of 0.44 g/t Au from 284m, including 17m of 1.08 g/t Au from 309m (additional
assays pending);
DO-18-218: 13.2m of 0.86 g/t Au from 409.8m, collared 133m SE of DO-18-217 (additional assays
pending)
Furthermore, historic hole DO-12-105 (2012) was collared 265m WSW of DO -18-218 and bottomed in
mineralization at 467.6m (estimated vertical depth of 320m), returning 21.1 g/t Au and remaining open.
The DO-18-217, DO-18-218 and DO-12-105 intercepts may form part of the same two mineralized zones
(see Figure 1 below).
Maple Gold’s VP, Exploration, Fred Speidel, stated: “One of our objectives with the current drilling
campaign is to take steps toward connecting the existing resource zones and extending known
mineralization beyond the current limits of the block model that was used in the 2018 Micon estimate.
The initial results in this “Gap” area are indicative of the discovery of a new gold zone there, and one we
believe has strong potential to make a positive impact on future resource estimations at Douay. We look
forward to results from the additional 5 drill-holes with assays still pending from this priority target area,
and we are confident that similar new zones will be defined elsewhere within the resource area.”
Figure 1: Initial drill highlights from the Nika Zone (gap area between NW, DW and POR zones)
In addit ion to the assays still pending from drill -holes DO -18-217 and DO -18-218, Maple Gold has
completed a further 5 drill-holes in this area for which assays are pending, and that have the potential to
continue expanding the Nika Zone.
Table 1: Drill highlights from and Nika zones at Douay
*All lengths above are core lengths and not true widths. True widths are estimated to be approximately 90% of core lengths.
Uncut assay values used for intervals given. Coordinates are NAD83 Zone 17N.
Hole
From
(m) To (m) Interval (m) Au (g/t)
Azimuth Dip Coordinate
East
Coordinate
North
DO-18-212 28.7 42 13.3 0.43 0 -60 704892 5491799
DO-18-217 165 178 13.0 0.50 360 -50 705112 5491600
DO-18-217 284 388 104.0 0.44
including 309 326 17.0 1.08
DO-18-217 391 498 Assays pending
DO-18-218 38.8 409 Assays pending 360 -45 705200 5491498
DO-18-218 409.8 423 13.2 0.86
A total of 47 drill-holes have now been completed or are ongoing property-wide, of an originally planned
total of approximately 65 holes. The Company has only received assay results for ten (10) complete drill-
holes to-date and will continue to provide updates as sufficient assay results are received for each target
area. More than 8,600 samples have now been submitted to ALS Laboratories, and with drilling expected
to continue into early May, the Company anticipates drill results throughout April, May and June 2018.
Qualified Person
The scientific and technical data contai ned 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 Pro jects. Mr.
Speidel has verified the data related to the exploration information disclosed in this news release
through his direct participation in the work.
Quality Assurance (QA) and Quality Control (QC)
Maple Gold implements strict Quality Assurance (“Q A”) and Quality Control (“QC”) protocols at Douay
covering the planning and placing of drill holes in the field; drilling and retrieving the NQ-sized drill core;
drill-hole surveying; core transport to the Douay Camp; core logging by qualified personnel; sampling
and bagging of core for analysis; transport of core from site to the analytical laboratory; sample
preparation for assaying; and analysis, recording and final statistical vetting of results. For a complete
description of protocols, please visit th e Company’s QA/QC page on the website at:
http://maplegoldmines.com/index.php/en/projects/qa-qc-qp-statement
About Maple Gold
Maple Gold is a well-funded gold exploration company focused on advancing a district-scale gold project
in one of the world’s premier mining jurisdictions. The Company’s 370 km² Douay Gold Project is located
along the Casa Berardi Deformation Zone within the prolific Abitibi Greenstone Belt in northern Quebec,
Canada. The Project has an established gold resource that remains open in multiple directions, with
excellent infrastructure and several large scale operating mines within this prolific mining district. Maple
Gold has a significant drill campaign under way to expand on the known Resource A reas and test new
discovery targets within the Company’s 55 km of strike along the Casa Berardi Deformation Zone. For
more information please visit www.maplegoldmines.com.
ON BEHALF OF MAPLE GOLD MINES LTD.
“Matthew Hornor”
B. Matthew Hornor, President & CEO
For Further Information Please Contact:
Mr. Joness Lang
VP, Corporate Development
Office: +1 416.306.8124
Email: [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADE QUACY OR ACCURACY OF THIS PRESS
RELEASE.
Forward Looking Statements:
This news 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 the prospective
mineral potential of the Nika zone, the potential for significant mineralization from other drilling in the referenced drill program and the
completion of the drill program. Forward-looking statements are based on assumptions, uncertainties and management’s best estimate of
future events. Actual events or results could differ materially from the Company’s expectations and projections. Investors ar e cautioned
that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward -looking
statements. Forward -looking statements include, but are not limited to, statements regarding timing and completion of the private
placement. When used herein, words such as “anticipate”, “will”, “intend” and similar expressions are intended to identify forward-looking
statements.
Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed reasonable at
the time they were made or in certain cases, on third party expert opinions. Such forward-looking statements involve known and unknown
risks, and uncertainties and other factors that may cause our actual events, results, performance or achievements to be materially different
from any future events, results, performance, or achievements expressed or implied by such forward -looking statements. For a more
detailed discussion of such risks and other factors that could cause actual re sults to differ materially from those expressed or implied by
such forward-looking statements, refer to Maple Gold Mines Ltd.’s filings with Canadian securities regulators available on www.sedar.com
or the Company’s website at www.maplegoldmines.com. The Company does not intend, and expressly disclaims any intention or obligation
to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required
by law.