Maple GOLD Provides Exploration Update and Outlook at Douay GOLD Project
PRESS RELEASE
MAPLE GOLD PROVIDES EXPLORATION UPDATE AND OUTLOOK
AT DOUAY GOLD PROJECT
September 9, 2020 – Montreal (Quebec): Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-
V: MGM, OTCQB: MGMLF; Frankfurt: M3G) is pleased to provide a recap of its exploration programs
during the first half of 2020 and an outlook on exploration work planned at its Douay Gold Project (the
“Project”) in northern Quebec, Canada.
“Our exploration team achieved excellent assay results across multiple zones during our winter 2020
program and the data will be used to design upcoming drill campaigns to uncover higher grade targets
and to expand and upgrade the known resources at Douay,” stated Mat thew Hornor, President and
Chief Executive Officer . “Maple Gold has a massive 357 -square-kilometre land package with the
opportunity to establish a district -scale gold project in the heart of the Abitibi Gold Belt . With our
recently closed C$4.75 million f inancing, we are fully funded to execute on our exploration plans with
the aim of completing an updated resource estimate in 2021.”
Summary of H1 Exploration Results
From January to March 2020, Maple Gold completed a 4,370 -metre drill campaign where 11 of the 14
holes drilled intersected higher -than-deposit-average-grade gold mineralization (see Figure 2). Key
results from the winter 2020 drill program is included in Table 1. Highlights include:
• Porphyry Zone: Hole DO-20-281 intercepted 75 metres of 1.23 g/t Au, including 31 metres of 1.61
g/t Au; and hole DO-20-283 intercepted 17 metres of 1.91 g/t Au and 7 metres of 1.06 g/t Au at end-
of-hole (see news from May 27 and June 10, 2020). These results were obtained from the western
part of the Porphyry zone (“Western Porphyry”), which includes the largest block of indicated
resources outside of the Douay West Zone, and confirmed the presence of some of the longest, most
continuous, intrusive -hosted intercepts on the Project. This zone will be a key focus for the
Company’s subsequent exploration campaigns to add near-surface, higher -grade ounces and
upgrade the resource category in the area.
• NW Zone: A single site (DO-20-272) was drilled to test the western continuity of a near -surface
historical intercept near the northwest edge of the current resource conceptual pit as defined by
the RPA 2019 NI 43-101 report. Results surpassed those of the historical hole with several significant
intercepts obtained from top of bedrock including 3.4 metres of 3.60 g/t Au followed by 20 metres
of 1.15 g/t Au , the former starting from 39.6 metres downhole and the latter from 50.0 metres
downhole. These intercepts were significant as they not only indicate d the potential for expanded
near-surface and higher grade resources in the NW Zone, but also the potential presence of similar
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additional mineralization along this relatively sparsely drilled contact area both to the west and to
the east . Th is contact at the NW Zone marks a major lithotectonic boundary , with significantly
younger sedimentary rocks to the north in fault contact with older basaltic rocks to the south. This
geological setting is comparable to that of nearby deposits at Casa Berardi and Vezza which contain
higher-grade gold mineralization ranging between 5.0 to 6.0 g/t Au. There are multiple drilling gaps
within this geological setting along the northern flank of the resource with a total cumulative length
of approximately 3.5 kilometres that will be further explored.
• 531 Zone: Hole DO-20-262X established a third higher -grade area in this zone after it intercepted
3.5 metres of 5.96 g/t Au, including 1.7 metres of 11.35 g/t Au (see news from March 16, 2020). The
531 zone appears geologically similar to the higher-grade Douay West Zone and geophysical surveys
completed earlier this year at 531 Zone support the Company’s interpretation that this zone is open
laterally and to depth.
Figure 1: Map of drill plan on residual total magnetic intensity image showing distribution of winter 2020 drillholes
Maple Gold also completed holes at the Nika Zone and southeastern part of the Porphyry Zone (“SE
Porphyry”), with several notable intercepts but less significant results relative to other zones. Final assay
results included several lower -grade assays consisting of over 10 -to-15-metre intervals of 0.5 g/t Au .
This includes hole DO -20-273 which intercepted 10.5 metres of 0.52 g/t Au followed by 14 metres of
0.54 g/t Au, including 3 metres of 1.20 g/t Au. Further downhole, two additional higher-grade intercepts
were cut including 6.7 metres of 1.07 g/t Au and 3.8 metres of 1.49 g/t Au. Due to the greater geological
complexity at these targets and excellent results obtained f rom other zones, the Nika and SE Porphyry
areas will be less of a focus for the Company in the near term.
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In addition to its drilling program, the Company’s modern Induced Polarization (“IP”) winter program
has been proven effective at detecting causativ e sources to depths of 500 metres and has generated
very promising IP anomalies . This work not only supported the Company’s target concept at the 531
Zone, but also showed a new open anomaly on trend with the Main Zone, and detailed a now drill-ready
regional discovery target located approximately 4 kilometres to the northeast of the known deposit (NE
Target). As a result, the Company expects to continue expanding its IP program to cover the margins of
the current resource area as well as more conceptual targets further afield. Details of promising results
from all areas as well as resulting targets will be released once final interpretations are completed.
Finally, an Artificial Intelligence study with CGI is ongoing to g enerate gold pr ospectivity maps and
provide additional target areas to validate and rank in advance of the Company's next phases of drilling
(see news from July 7). Preliminary results from this work is expected shortly and will also be considered
for the fall 2020 drill campaign.
Outlook on H2 Exploration
The Company is pursuing an integrated, two-fold exploration strategy at its Douay Project consisting of:
1) Defining and drill -testing discovery targets: Due to the proximity of the Project to the high-grade
and past producing Vezza mine ( ~0.5Moz of 6.0 g/t Au) and Eagle -Telbel mine (1.15Moz @ 6 .5 g/t
Au) -- located 12 kilometres and 1 kilometre from the Douay property boundary, respectively --
potential for new higher -grade discoveries at Douay is considered excellent. While mineralization
hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted
on the Project, the Company continues to expand its IP program to detail new discovery targets in
search of higher-grade gold zones in the area.
Fall 2020 drilling campaign: a 3,000-metre program, expected to commence in October, is planned
and will focus primarily on drill testing new discovery targets with the potential for higher grade
mineralization. Permits for several drill sites are already in hand, with additional sites having been
requested in early August (additional program details will be released in the coming weeks).
2) Advanced definition of near-surface, higher -grade potential starter pit areas: Results from the
Western Porphyry and NW Zones obtained during the H1 work program support the Company’s
objective of expanding known near-surface, higher-than-deposit-average grade gold accumulations
that the Company views as potential starter pit areas. The Western Porphyry, NW and Douay West
zones are expected to form part of a key subset of the total contained ounces in terms of initial focus
for economic analysis and conceptual mine planning.
Winter 2021 drilling campaign: A program consisting of over 10,000 metres is being planned and
will take place from January to April 2021. Drill targets are being planned and will mainly be focused
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on the above priority areas that have the potential to unlock significant va lue with further step-out
and infill drilling (see Figure 2).
Once the fall and winter drilling programs have been completed, the Company expects to prepare an
updated resource estimate and to initiate preliminary economic study work in 2021.
Figure 2: Drill plan on Residual Total Magnetic Intensity image showing Fall 2020 (red/white dots) and Winter 2021 Target Areas (light
blue outline). The response reflects different rock and alteration types. Fall 2020 sites, not all of which will be drilled, are exploration
targets on higher ground. Three sites on the NE IP target are located approximately 4 kilometres to the east of this map.
Table 1: Key Drill Results from Winter 2020 Drill Campaign
Hole Zone UTME UTMN Azimuth Plunge Length (m) From To Interval Au g/t
DO-20-280 W. Porphyry 705875 5491138 360 -55 327 88.0 92.0 4.0 1.14
DO-20-280 141.0 145.0 4.0 0.96
DO-20-281 W. Porphyry 705938 5490930 359 -58 294 107.0 271.0 164.0 0.86
Including
108.0 183.0 75.0 1.23
Including
108.0 113.0 5.0 1.79
Including
121.0 136.0 15.0 1.32
Including
152.0 183.0 31.0 1.61
DO-20-281
183.0 233.0 50.0 0.30
DO-20-281
233.0 271.0 38.0 0.85
Including
233.0 236.0 3.0 1.32
Including
257.0 262.0 5.0 1.71
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Including 268.0 271.0 3.0 1.67
DO-20-283 W. Porphyry 705933 5490921 359 -58 300 162.0 166.0 4.0 1.04
DO-20-283
189.0 206.0 17.0 1.91
Including
189.0 193.0 4.0 1.67
Including
195.0 201.0 6.0 2.28
including
202.0 205.0 3.0 3.17
including
203.0 204.0 1.0 5.25
DO-20-283 293.0 300.0 7.0 1.06
DO-20-272 NW 704774 5492404 360 -55 75.8 39.0 40.0 1.0 6.45
DO-20-272 60.8 66.0 5.2 0.85
DO-20-272A NW 704772 5492402 360 -60 408.0 39.6 43.0 3.4 3.64
DO-20-272A 39.6 43.0 3.4 *3.59
Including
40.2 41.9 1.7 6.62
Including 40.2 41.9 1.7 *6.53
Including
41.3 41.9 0.6 10.27
DO-20-272A
50.0 70.0 20.0 1.15
Including
51.0 54.0 3.0 1.96
Including 62.0 70.0 8.0 1.34
DO-20-262-X 531 709046 5489923 358.2 -59.1 585 527.0 530.5 3.5 5.96
DO-20-262-X
527.0 530.5 3.5 *4.24
Including
528.0 529.7 1.7 11.35
Including
528.0 529.7 1.7 *7.82
Including 528.0 528.7 0.7 18.58
DO-20-269 531 709035 5489875 352 -70 717 694.0 699.2 5.2 1.50
DO-20-275 Nika 705185 5491595 358.5 -51.5 348 180.0 181.0 1.0 5.30
DO-20-275 288.0 298.0 10.0 0.61
DO-20-279 Nika 705302 5491610 1.9 -47 285 64.0 90.0 26.0 0.50
Including 73.0 79.0 6.0 0.95
DO-20-282 Nika 705266 5491560 357.7 -59.2 450 96.0 103.0 7.0 0.59
DO-20-273 E Porphyry 707793 5490085 0.6 -52.3 531 164.0 174.5 10.5 0.52
DO-20-273
195.0 209.0 14.0 0.54
Including
195.0 198.0 3.0 1.20
DO-20-273
451.0 457.7 6.7 1.07
Including
453.0 456.8 3.8 1.49
DO-20-273
474.9 480.2 5.3 0.50
DO-20-278 E Porphyry 707810 5490375 2.1 -50.1 207 137.0 150.0 13.0 0.50
Including 143.0 147.0 4.0 0.90
All intercepts represent downhole lengths, with true widths generally 75-95% of downhole lengths
*Represents intervals that include assays capped at 10 g/t Au.
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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.
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 (“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;
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 ALS laboratory in Val d’Or, QC; sample
preparation for assaying; and analysis, recording an d final statistical vetting of results. For a complete
description of protocols, please visit the 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 Mines Ltd. controls the 357-square-kilometre Douay Gold Project located within the prolific
Abitibi Greenstone Belt in northern Quebec, Canada. The Project has an established National Instrument
43-101 gold resource of 422,000 ounces in the Indicated category (8.6Mt grading 1.52 g/t Au) and 2.35
million ounces in the Inferred category (71.2Mt grading 1.03 g/t Au) with significant potential for
resource expansion and new discoveries . The Project benefits from exceptional infrastructure access
and the Company is currently focused on carrying out aggressive exploration programs to expand and
update the known resource. 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
Executive Vice-President
Cell: 778.686.6836
Email: [email protected]
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NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE T SX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY 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 Porphyry Zone, the potential for significant mineralisation 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 are cautioned
that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking
statements. For a more detailed discussion of such risks and other factors that could cause actual results 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.