Maple GOLD Drills 28.5 Metres of 8.8 G/T GOLD IN the 531 Zone at the Douay GOLD Project
PRESS RELEASE
September 9, 2021
MAPLE GOLD DRILLS 28.5 METRES OF 8.8 G/T GOLD IN THE 531 ZONE AT
THE DOUAY GOLD PROJECT
Vancouver, BC – (Newsfile Corp. – September 9, 2021) - Maple Gold Mines Ltd. (TSX -V:
MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to report
additional results from the final three holes completed in the 531 Zone as well as four regional
exploration holes drilled during the 10,217-metre winter drill campaign at the Douay Gold
Project ("Douay" or the "Project") in Quebec, Canada. Douay is held by a 50/50 joint venture
(the "JV") between the Company and Agnico Eagle Mines Limited.
Highlights:
• Drill hole DO -21-310 intersected 28.5 metres (m) of 8.8 g/t gold (Au) (from 295.0 m
downhole), including 10.0 m of 12. 7 g/t Au (from 301.0 m downhole) and 0.5 m of 31.1
g/t Au (from 303.5 m downhole) within the central portion of the 531 Zone.
• DO-21-310 represents by far the best intercept drilled in the 531 Zone to date and the
second-best intercept ever at Douay in terms of gold accumulation (grade x thickness).
• Drill hole DO-21-307 intersected multiple narrow gold zones between 244.8 m and 475.5
m downhole, including 5.2 m of 2.9 g/t Au (from 244.8 m downhole), and 6.5 m averaging
1.32 g/t Au from 282 m downhole.
• Results are expected to increase the overall grade of the current 2019 RPA 531 Zone
pit-constrained mineral resource as well as locally upgrade Inferred resource blocks.
Fred Speidel, VP Exploration of Maple Gold, stated: “The results being released today continue
a trend of very impressive results at the 531 Zone. Since 2019, our renewed drilling focus in
this area has yielded some of the broadest higher-grade (>2.5 g/t Au) intercepts on the entire
property, which is both a significant validation of our evolving 3D model and targeting
philosophy as well as an indication of the remaining discovery potential at Douay. The JV looks
forward to further testing the continuity of the higher-grade mineralized trends and remaining
open areas within the 531 Zone during our anticipated Q4 2021 and Q1 2022 drill programs.”
The Company has now reported 13 out of a total of 22 holes from the winter 2021 drill
campaign. Additional assay results are expected to be released in the coming weeks once they
are received and interpreted.
Background and Interpretation of Results
The 531 Zone was initially discovered at Douay in 1986 and mostly drilled in 1992 and 1993
by a previous operator; however, controls on gold mineralization were not well understood at
that time. The 531 Zone saw no additional drilling between 2008 and 2019, when Maple Gold
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drilled hole DO -19-262 to test the down-dip continuity of gold mineraliz ation. DO-19-262
intersected an upper zone of 28 m of 2.6 g/t Au, including 9 m of 4.7 g/t Au, and effectively
terminated in a lower zone of 51 m of 2.8 g/t Au, including 16 m of 4.6 g/t Au and 9 m of 4.9 g/t
Au (see news from June 5, 2019). In 2020, deepening of DO-19-262 intersected a third zone
of 3.5 m of 6.0 g/t Au, including 1.7 m of 11.4 g/t Au (see news from March 16, 2020).
DO-21-310 represents a significantly better intercept than DO-19-262 or 70531 (the 531 Zone
discovery hole) in terms of gold accumulation (grade x thickness) and it is expected to both
increase the grade of the current mineral resource and locally upgrade Inferred resource
blocks. Based on the p ositive results from winter 2021 and prior drilling in the 531 Zone , a
higher-grade northwest -southeast mineralized trend extends over an area that is
approximately 500 m by 200 m and, importantly, remains open along strike particularly to the
east-southeast (see Figure 1).
Figure 1: Plan map on first vertical derivative airborne magnetics with RPA 2019 conceptual pit
outline at surface. Note position of DO-21-310 intercept relative to surrounding intercepts, including
DO-19-262. Yellow ellipses indicate areas open to the northwest and southeast.
Gold mineralization in the 531 Zone is often associated with sedimentary and exhalative
interflow horizons as well as specific fault zones. The latest drill results provide further support
for the presence of mineralization plunges proposed previously (see news from June 21, 2021),
including a main westerly plunge of gold mineralization with three interpreted easterly sub -
orthogonal plunges . The se interpreted plunges remain open in multiple directions and
represent additional resource expansion potential (see Figure 2).
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Figure 2: North-looking longitudinal section (70 m total corridor width) through the 531 Zone showing
2019 RPA resource blocks, mineralization plunges, drill hole traces and the DO-21-310 intercept.
Table 1: Additional Winter 2021 Drill Program Highlights
(Holes DO-20-293, DO-21-301, -303, -307, -310, -311, -312)
* All reported assays are uncapped and downhole core lengths. True widths are estimated to be approximately
70-90% of downhole lengths.
Hole Zone UTME UTMN Azimuth Plunge Length (m) From To Interval Uncapped Au g/t
DO-21-310 531 709020 5490030 3.6 -59.6 411.0 246.0 247.0 1.0 1.6
DO-21-310 295.0 323.5 28.5 8.8
including 301.0 311.0 10.0 12.7
including 303.5 304.0 0.5 31.1
including 315.3 321.5 6.2 12.5
DO-21-310 398.9 401.2 2.3 1.0
DO-21-310 400.6 401.2 0.6 2.2
DO-21-307 531 708992 5489990 360 -65 560.0 171.6 172.0 0.4 2.5
DO-21-307 244.8 250.0 5.2 2.9
DO-21-307 264.0 265.0 1.0 1.3
DO-21-307 282.0 288.5 6.5 1.3
including 283.0 284.2 1.2 5.0
DO-21-307 380.0 381.0 1.0 1.1
DO-21-307 473.6 475.5 1.9 3.8
DO-21-311 531 708874 5489880 4.1 -50 579 496.4 497.0 0.6 2.7
DO-20-293 NEIP 713620 549368 337 -60 447 347.0 348.0 1.0 0.1
DO-21-312 NEIP 712944 5492935 345 -55 429.0
DO-21-301 P8 708027 5488754 360 -60 453 218.4 229.7 11.3 0.1
including 228.6 229.1 0.5 0.4
DO-21-303 P8 707804 5488311 360 -60 411
10 samples >0.1 g/t Au, maximum 0.3 g/t Au
No assays >0.1 g/t
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In addition to the reported assays from the 531 Zone, results were received for four regional
exploration drill holes , including two holes at the P8 Target and two step-out holes at the
Northeast IP Target (see Table 1 for full results). It is important to note that while no significant
gold intercepts were reported in these holes, both areas showed sporadic anomalous gold (up
to 0.36 g/t) over intervals of several meters. Pending multi -element assays will enable further
geologic vectoring for gold and base metals mineralization that will guide future drilling in these
two prospective areas.
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 verifie d the data related to the exploration
information disclosed in this press release through his direct participation in the work.
Quality Assurance (QA) and Quality Control (QC)
The JV implements strict Quality Assurance ("QA") and Quality Control ("QC") pro tocols at
Douay covering the planning and placing of drill holes in the field; drilling and retrieving the
NQ-sized drill core; drillhole 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 Val-d'Or, QC, SGS laboratory; sample preparation for assaying; and analysis, recording
and final statistical vetting of results. For a complete description of protocols, please visit the
Company's QA/QC webpage at www.maplegoldmines.com.
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 pr ojects benefit from
exceptional infrastructure access and boast ~400 km 2 of highly prospective ground including
an established gold resource at Douay (RPA 2019) that holds significant expansion potential
as well as the past -producing Eagle, Telbel and Eagle West mines at Joutel . The Company
holds an exclusive option to acquire 100% of the Eagle Mine Property.
The district-scale property 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 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.
ON BEHALF OF MAPLE GOLD MINES LTD.
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"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
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