Maple GOLD Intersects High-Grade GOLD at 531 Zone and Provides Exploration Update FOR the Douay Project
PRESS RELEASE
March 29, 2021
MAPLE GOLD INTERSECTS HIGH-GRADE GOLD AT 531 ZONE AND
PROVIDES EXPLORATION UPDATE FOR THE DOUAY PROJECT
Vancouver, BC – (Newsfile Corp. – March 29, 2021) - Maple Gold Mines Ltd. (TSX-V: MGM)
(OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to report
additional drill results from its Fall 2020 campaign and an update on exploration work currently
underway at the Douay Gold Project . Located in Quebec, Canada, the project is held by a
50/50 Joint Venture (the "JV") between Maple Gold and Agnico Eagle Mines Limited.
Fall 2020 Drill Program Results
The Company has received and interpreted assay results from an additional five holes that
were drilled as part of its Fall 2020 drill campaign . These holes were drilled with the aim of
expanding resources in and around the existing Douay mineral resource near the Main Zone
and at the 531 and Porphyry Zones (see Figure 1).
A highlight was hole DO-20-288 which was drilled at the 531 Zone and encountered multiple
higher-grade intercepts. These include:
• 6.95 g/t Au over 1.2 m from 334 m downhole;
• 5.1 g/t Au over 2.0 m from 459 m downhole, including 9.87 g/t Au over 1.0 m; and
• 3.34 g/t Au over 3.0 m from 465 m downhole, including 8.98 g/t Au over 1.0 m.
Fred Speidel, Maple Gold’s VP Exploration and General Manager of the JV , commented:
“Results from the Fall 2020 program support the continuity of mineralization in several areas
of the Douay mineralized resource that were previously widely drilled. We are particularly
encouraged by results from the 531 Zone, where we had previously seen some of the broadest
higher-grade intercepts on the property, notably those from the Winter 2019 drill program (see
news from June 5, 2019). Our current interpretation is that multiple sub-parallel mineralized
zones thicken east ward at the 531 Zone , and this interpretation is currently being tested as
part of the JV’s winter 2021 drill campaign. A t least four new holes will be drilled on the
southeast extension of the 531 zone which we hope will allow for additional expansion of
resources in this area beyond the significant additions already recorded in the 2019 RPA
Technical Report.”
“Several mineralized zones in the 531 Zone are associated with distinctive pyritic siliceous
interflow sedimentary horizons, which reflect temporary interruption of basaltic volcanism
responsible for the dominantly basaltic sequence in this area. Such interflow horizons
represent important targets for gold and/or base metal mineralization at Douay as well as at
other significant gold deposits in the Abitibi Belt,” concluded Mr. Speidel.
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In addition to the 531 Zone hole results, results were received for three Porphyry Zone holes
and a Main Zone step-out hole (see Table 1 for full results).
Hole DO-20-292 was a step-out hole located in the central part of the Porphyry Zone and cut
several narrow intercepts of 1+ g/t Au, including a broader intercept of 0.60 g/t Au over 11 m.
Two other drill holes were collared in the eastern part of the Porphyry Zone in areas that have
been sparsely drilled and are more structurally complex than the western half of the zone where
more continuous and broader envelopes of mineralization have been intersected in recent and
historical drilling. Hole DO-20-286 targeted an area with limited drilling but known higher grade
from past drill campaigns. Results included 3.08 g/t Au over 1 m followed by 0.5 g/t Au over 28
m, including several additional narrow intervals grading over 1 g/t Au.
The Main Zone extension drill hole was an aggressive 800-metre step-out exploration hole to
the west of the zone to test an IP anomaly along trend from the mineralization forming part of
the conceptual pit at the Main Zone. No significant results were obtained and no follow up is
planned at this time.
Winter 2021 Drill Program
The Winter 2021 drill program was designed to both expand the existing Douay mineral
resource by step- out and discovery drilling as well as upgrade resources with several infill
holes, notably at the Porphyry Zone. Drill holes are widely distributed with approximately 50%
being focused on step- out drilling, 30% focused on regional exploration targets and the
remaining 20% being infill holes. This distribution is based on the JV’s strategy of continuing
to better define areas within the resource area that have had limited drilling, while also
continuing to expand the resource by both step-out drilling and discovery drilling further afield.
Given the encouraging results from recent drill campaigns, at least four additional holes will be
drilled at the 531 Zone; a further two to four holes are expected to be drilled on Discovery
Targets, including at the Northeast IP Target (see news from Febr uary 10, 2021) and at the
P8 Target.
To date, over 6,500 metres have been drilled out of a planned 10,000- metre program .
However, due to unseasonably mild weather which has impacted ground conditions over the
NW zone where drilling was planned, the program is now expected to total approximately 8,000
metres in about 20 holes with two drill rigs currently active on site . Subject to weather
conditions, the program is expected to conclude in April. Assays for this program are pending.
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Figure 1: Completed Fall 2020 holes and planned Winter 2021 drill hole locations on LiDAR base.
Table 1: Additional Fall 2020 Drill Program Highlights
(Holes DO-20-286, -287, -288, -289, -292)
* All lengths are downhole, true widths approximately 70-90% of downhole widths.
Hole Zone UTME UTMN Azimuth Plunge Length (m) From To Interval Au g/t
DO-20-286 Porphyry Zone E 707716 5490398 30 -46.5 247 125.5 128.2 2.7 0.94
including 125.5 127.5 2.0 1.17
DO-20-286 166.5 167.5 1.0 3.08
DO-20-286 179.2 207.4 28.2 0.50
including 180.0 185.0 5.0 0.90
including 180.0 181.0 1.0 1.11
including 184.0 185.0 1.0 1.43
including 202.0 203.0 1.0 1.63
DO-20-287 Main Zone x 708750 5490675 20 -55 351 225.0 226.0 1.0 0.46
DO-20-287 238.0 240.0 2.0 0.56
DO-20-288 531 Zone 708900 5489980 360 -59.5 501 334.0 335.2 1.2 6.95
including 334.0 334.8 0.8 7.84
DO-20-288 388.0 390.0 2.0 2.02
including 388.5 389.3 0.8 4.76
DO-20-288 459.0 461.0 2.0 5.10
including 460.0 461.0 1.0 9.87
DO-20-288 465.0 468.0 3.0 3.34
including 467.0 468.0 1.0 8.98
DO-20-289 Porphyry Zone E 707900 5490026 358 -52 576 321.0 323.6 2.6 0.48
DO-20-292 Porphyry Zone W706510 5490645 360 -55 537 198.0 201.0 3.0 0.80
including 200.0 201.0 1.0 1.41
DO-20-292 209.0 210.0 1.0 1.70
DO-20-292 309.0 313.0 4.0 0.77
DO-20-292 331.0 342.0 11.0 0.60
including 336.0 342.0 6.0 0.84
including 337.0 338.0 1.0 2.79
including 340.0 341.0 1.0 1.04
DO-20-292 353.0 356.0 3.0 0.53
DO-20-292 409.0 411.5 2.5 0.94
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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. S peidel has verified 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") protocols 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 baggi ng 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 projects benefits from
exceptional infrastructure access and boasts ~400 km2 of highly prospective ground including
an established gold resource that holds significant expansion potential as well as the past -
producing Telbel mine.
The 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 aggressive exploration 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.
"Matthew Hornor"
B. Matthew Hornor, President & CEO
For Further Information Please Contact:
Shirley Anthony
Director, Corporate Communications
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Cell: 778.999.2771
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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disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information,
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