Maple Gold Provides Exploration Update Prior to Winter Drilling Campaign Prospective Strike Length for Intrusive-associated Gold Mineralization Expanded from 7 km to 10 km Significant 6 km by 1 km NE Syenite Exploration Target Defined
PRESS RELEASE
November 29, 2017
Maple Gold Provides Exploration Update Prior to Winter Drilling Campaign
Prospective Strike Length for Intrusive-associated Gold
Mineralization Expanded from 7 km to 10 km
Significant 6 km by 1 km NE Syenite Exploration Target Defined
November 29, 2017 – 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 ongoing exploration work at the 370 km²
Douay Gold Project, located in Qu ébec, Canada. Maple Gold’s Douay Project hosts an inferred mineral resource
estimate of 2.8M ounces of gold at 1.05 g/t using a 0.5 g/t cut -off grade (Micon 2017) 1. The majority of these
gold resources are found within a syenite -associated gold system. This system forms part of a ~7 km trend of
mineralized zones that is found within the central part of the Project’s 55 km of strike length along the
regionally producti ve Casa Berardi Deformation Zone. This intrusive-associated style of mineralization is also
present at several recently discovered and/or developed Abitibi deposits, including Malartic, Young-Davidson, and
Windfall.
The Company’s exploration team believes there is excellent potential to make ne w discoveries in the relatively
unexplored parts of the project, and equally promising potential to expand existing zones within the known
resource area. The team has re-logged more than 5,000 metres of selected drill core and completed preliminary
interpretation of XRF geochemical data from >46,000 core samples, resulting in significant breakthroughs:
Recognition that the syenitic intrusive rocks present within the current ~7 km long resource area extend
for an additional 3 km in strike
Definition of a high-priority 6 km by 1 km exploration target (“NE Syenite Target”), virtually untested by
previous diamond drilling
Expanded Douay Resource Target Area
New geochemical data on >46,000 core samples indicate that syenitic intrusive rocks, the main host to Douay’s
intrusive-associated gold mineralization, extend well beyond the previously interpreted limits of this rock type.
The area containing favourable syenitic rocks is now interpreted to extend for a length of nearly 10 km.
This expanded target area coincides with the distribution of >1 g/t Au drill core samples as well as with a
distinctive magnetic pattern caused by the intrusion of largely non -magnetic syenite into basalt , and in part by
alteration of that basalt’s mafic minerals to a biotite -magnetite assemblage. Sulfidation of these secondary
1 NI 43-101 F1 TECHNICAL REPORT UPDATED RESOURCE ESTIMATE FOR THE DOUAY GOLD PROJECT DOUAY TOWNSHIP QUEBEC, CANADA Report Date: April 10, 2017
mafic minerals is considered a n important mechanism for the precipitation of gold. Step-out and infill drill
collars to test this expanded target will be finalized within the next month.
Within the Douay Resource Area, drill intersections with significant grade and width of gold mineralization
cluster into five distinct sub -areas (see Figure 1). These “clusters” are the focus of re -logging and will form
targets for step-out drilling in 2018.
Figure 1: Douay Resource Area on first vertical derivative magnetic susceptibility base map, highlighting clusters of
drill-holes with high gold accumulation (grade x downhole width).
High-priority 6 km x 1 km NE Syenite Exploration Target
Evaluation of geophysical and drilling data has defined a virtually untested 6 km by 1 km target area (“NE Syenite
Target”) prospective for syenite -associated gold mineralization. The target lies approximately 2.6 km northeast
of the Porphyry Zone (see Figure 1) and is defined by a similar paired high/low magnetic response, by eight top-
of-bedrock RC holes that intersected syenite or felsic intrusive rock, and by a single historical diamond drill -hole
that intersected ~150 m of syenite and foliated mafic tuff. Maple Gold plans to drill a minimum of 11 core holes
into the promising NE Syenite Target during Q1 2018 (see Figure 2 for proposed drill colla rs in the NE Syenite
Target Area).
Maple Gold’s President and CEO, Matthew Hornor, stated: “Our exploration team is making impressive progress
and generating exciting drill targets that have the potential to add ounces and realize the exploration upside that
exists at Douay. In addition to the drilling program this winter, we will continue to generate a significant number
of new drill targets for subsequent campaigns. There is no shortage of high -quality targets with 55 km of strike
along the Casa Berardi Fault Zone and an existing resource open along strike and down plunge.”
Figure 2: Historical and proposed drill collar locations within the 6 km by 1 km NE Syenite Target.
Re-logging Observations & Key Findings
Selective re-logging of over 5 ,000m of core from selected drill sections has been completed to date, with the
following key observations and findings:
There are at least four textural varieties of syenite, ranging from fine -grained aplitic to coarsely
porphyritic. Defining the relationship between these different syenites and gold mineralization will aid
targeting and is the focus of continuing studies.
Although there is a broad association of pyrite mineralization and gold tenor, t here are at least three
generations of pyrite , not all of which appear to correlate with gold. More detailed analytical and
petrographic work is planned to understand the deportment of gold within the pyrite generations.
Deformation and gold mineralization often are localized on the margins of syenite bodies, where major
shear zones/faults define tectonic contacts with the volcanic and sedimentary wallrocks . Brecciation
zones, in places with associated silicification, extend up to several tens of metres away from either side
of the shear zones/faults . Defining and correlating t hese zones of high structural permeability is
expected to improve targeting for higher grade gold mineralization.
2018 Exploration Program
Drilling bids have been tendered for 25,000 – 30,000 metres to be completed during the planned winter drill
program, with commencement expected by mid -January. Approximately 50 percent of the program will test
potential new discovery targets, including diamond drilling of the NE Syenite T arget and top -of-bedrock RC
drilling of additional greenfields targets. The second focus of the program will comprise step -out and infill
drilling of the existing resource, including the expanded area now recognized to contain favourable syenite host
rocks. The Company will announce a detailed drill plan with drill -hole location maps and specific objectives for
the various target areas in the weeks ahead.
The Company has contracted a remote spectral g eology characterization and targeting survey, which is
expected to aid in assessment of areas west of the defined mineral resource where outcrop is known to exist.
Summer fieldwork is planned to include field mapping and geochemical sampling of remote spectral g eology
target areas, updating the geological and block model s, completing the property -scale compilation report
started in 2017 and definition of new property-wide drill targets for subsequent campaigns.
Qualified Person & Resource Estimate Disclosure:
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 Di sclosure 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.
Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of
mineral resources may also be materially affected by other relevant factors or issues. The mineral resource
estimate has been prepared without reference to surface rights or the presence of overlying pub lic
infrastructure. There has been insufficient exploration to define these inferred resources as an indicated or
measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated
or measured mineral resource category.
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 wi thin 150 km. Maple Gold has a significant drill campaign planned
during the 2018 winter season to expand on the known resource areas and test new discovery targets within
the Company’s 55 km of strike along the Casa Berardi Deformation Zone. For more information please visit the
Company’s website at 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: +1 416.682.2674
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 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 “f orward-looking
statements”) within the meaning of applicable Canadian securities legislation in Canada. Forward -looking statements are based on
assumptions, uncertainties and management’s best estimate of future events. Actual events or results could diffe r 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. Forward -looking statements include, but are not
limited to, statements with respect to the Company’s opinions and beliefs, financial position, business strategy, plans for d rilling and re-
logging, characterisation of gold mineralisation, geological modelling, data integration, establishing high -quality inferred resource
expansion targets, testing target areas, the Company’s goal to deliver significant value, drill campaigns, and plans and obje ctives of
management for future properties and operations. When used herein, words suc h 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 results to differ material ly 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.