Maple GOLD Reports Douay Drill Results from H1 2022 Drilling
PRESS RELEASE
November 30, 2022
MAPLE GOLD REPORTS DOUAY DRILL RESULTS FROM H1 2022 DRILLING
Vancouver, BC – (Newsfile Corp. – November 30, 2022) Maple Gold Mines Ltd. (TSX -V:
MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") reports results from
drilling completed at the Douay Gold Project ("Douay") during H1/2022. Douay is held by a
50/50 joint venture (the "JV") between the Company and Agnico Eagle Mines Limited. The JV’s
first year of drilling focused primarily on infill and local step-out drilling, which resulted in
positive conversion (21% increase) from inferred mineral resources to indicated mineral
resources (SLR 2022 vs RPA 2019) and incremental mineral resource gains within the known
Douay mineral resource area. The JV’s second year has focused on additional step-outs, deep
drilling, and discovery targets, with the same growth-oriented approach expected in year three
to better define the full extent and potential of the mineralized system at Douay.
The Company has now received all assay results for 2022 drilling to-date at Douay, which
included 11 drillholes plus two drillhole extensions for approximately 7,800 metres ("m"). An
additional ~10,000 m of drilling has been completed at the Eagle and Telbel mine areas with
assays pending.
Highlights from the H1/2022 Exploration Drilling at Douay:
• Ten of the twelve holes returned intercepts over 0.45 g/t Au, and seven of these returned
intercepts over 1 g/t Au.
• Nika Zone step -out DO-22-322A intersected 9. 8 g/t Au over 1 m starting from 584 m
downhole, as well as multiple additional intercepts including 0.8 g/t Au over 10 m and
1.6 g/t Au over 2 m further downhole; these intercepts occur 250-600m vertically below
the base of the Nika pit, with no nearby drilling. T his entire interval is strongly altered
and foliated and appears to confirm depth continuity of the intrusive-hydrothermal gold
system at Douay.
• Douay West step-out hole DO-22-324 intersected 4.1 g/t Au over 0.6 m from 505.6 m;
it also returned the deepest intercept yet on the property of 1.2 g/t Au over 1.0 m at
1,139 m downhole, near end of hole, downdip of the Nika Zone , again with no nearby
drilling. The Company plans to deepen this hole to about 1,500 m.
• Additional sediment-hosted gold showings at the NE IP Target include 3.3 g/t Au over
0.7 m from 155 m downhole and 2.2 g/t Au over 1 m from 322.7m downhole in DO-22-
328; the latter forming part of a ~200m (downhole length) altered and pyritic sedimentary
interval including a distinc tive fine conglomerate with red jasper fragments. This
provides further support for a new gold zone 4 km to the NE of the current Douay mineral
resource area, open laterally and at depth.
• Central Zone area hole DO-22-326 (collared 375 m from the nearest historical hole)
returned four intercepts over 1 g/t Au, with the best being 3.0 g/t Au over 1.0 m from
2
only 67 m downhole , further showing gold potential in the sparsely drilled Taibi
sedimentary domain.
"The Company understands that step-out and discovery drilling may be inherently higher risk
than infill drilling, but the reward can be game -changing on successes," stated Fred Speidel,
VP Exploration of Maple Gold . With that in mind, the Company views the H1/2022 drilling
results at Douay as positive from an exploration perspective, particularly regard ing sediment-
hosted gold mineralization north of the Casa Berardi North Fault, where there is still only very
limited drilling: there is a drilling gap of over 7 km between the NW Zone and NE IP target, and
multiple drilling gaps of up to approximately 700 m adjacent to the Central Zone. In addition,
the H1/2022 drilling campaign also confirmed depth continuity of the intrusive -hydrothermal
gold system at Douay; we look forward to initiating the 10,000 m deep drilling program at Douay
in the coming weeks."
The NE IP Target clearly stands out as a cluster of sediment-hosted gold anomalies, including
several intervals above 1 g/t Au (see Figure 1 below). This is consistent with a kilometric sulfide
system originally defined by geophysics, and now confirmed by drilling. Seven holes have been
drilled so far over a strike distance of approximately 1.2 km; the system is open to the WSW ,
ENE and to depth . Multi-element assays are pending and will provide data for additional
vectoring for subsequent drilling in this area.
Similarly, the current Central Zone conceptual pit only covers approximately 350 m of strike
along the Casa Berardi North Fault, but known gold mineralization occurs over at least 1 ,400
m, open to the east and to the west (Fig. 1). There are several drilling gaps, notably a gap of
700-800 m to the east and about 700 m to the NW, and in general drill spacing in t his area is
between 100-200 m.
At Nika, the 9.8 g/t Au over 1 m intercept in DO-22-322A occurs approximately 250 m below
base of pit and also about 3 10 m below the original discovery hole (DO -18-218, see press
release of May 14, 2018). This discovery intercept, and a later even better intercept (DO-21-
282X, see press release of May 26, 2021), form the core of the Nika Zone. There is no further
drilling beneath or adjacent to DO-22-322A. Nika and the western part of the Porphyry Zone
are currently interpreted to form the center of the Douay intrusive -hydrothermal gold system
and upcoming deeper drilling will test for potential feeders in this area.
3
Figure 1: Drill plan showing winter 2022 drill collars, favorable structures with drill intercepts
illustrating district-scale mineralization trends extending well beyond current conceptual pits. Except
for DO-22-326, all winter 2022 holes were drilled northerly.
Table of results appended on following page.
4
Table 1: Drill Results Highlights (Douay H1/2022 drilling)
All reported intercepts are downhole core lengths. Holes started in December 2021 and completed in
January 2022 are not reported here. Given the nature of these holes, true widths are not known but
are estimated to be 70-90% of downhole lengths.
Hole Zone UTME UTMN Azimuth Plunge Length (m) From To Interval (m) Au g/t
DO-22-320 NW 704650 5492363 360 -60 177.0 126.0 127.0 1.0 0.6
DO-22-321 NW 705153 5491491 360 -55 164.5 113.0 114.0 1.0 1.4
DO-22-322 Nika 705153 5491491 341 -73 323.4 164.0 166.0 2.0 2.3
including 164.0 165.0 1.0 4.0
DO-22-322A Nika 705153 5491491 341 -73 1035.7 147.0 156.0 9.0 0.3
DO-22-322A 183.0 189.0 6.0 0.3
DO-22-322A 570.0 571.0 1.0 0.7
DO-22-322A 584.0 585.0 1.0 9.8
DO-22-322A 592.0 593.0 1.0 0.7
DO-22-322A 690.0 691.0 1.0 1.1
DO-22-322A 708.0 716.0 8.0 0.4
DO-22-322A 729.0 730.0 1.0 0.8
DO-22-322A 845.0 845.6 0.6 1.1
DO-22-322A 851.0 852.0 1.0 1.5
DO-22-322A 864.0 874.0 10.0 0.8
including 864.0 866.0 2.0 1.2
including 872.0 874.0 2.0 1.6
DO-22-322A 983.0 984.0 1.0 0.9
DO-22-323A DW 704458 5490874 360 -60 618.0 452.1 453.0 0.9 1.0
DO-22-323A 459.0 460.0 1.0 0.5
DO-22-323A 501.1 502.1 1.0 0.8
DO-22-323A 549.8 550.5 0.7 1.5
DO-22-324 DW 704278 5490900 32 -67 1161.2 505.6 506.2 0.6 4.1
DO-22-324 515.0 517.0 2.0 1.9
including 516.0 517.0 1.0 2.8
DO-22-324 530.6 534.4 3.8 0.6
DO-22-324 1139.0 1140.0 1.0 1.2
DO-22-325 Central 706400 5491650 360 -50 402.0 57.0 58.0 1.0 0.6
DO-22-326 Central 706400 5491650 172 -54 756.0 67.0 68.0 1.0 3.0
DO-22-326 180.0 182.0 2.0 1.4
including 180.0 181.0 1.0 2.2
DO-22-326 215.4 219.5 4.1 0.5
DO-22-326 245.0 246.0 1.0 1.6
DO-22-326 680.0 683.0 3.0 0.6
DO-22-327 531 708561 5490047 335 -78 882.6 766.0 767.0 1.0 0.6
DO-22-328 NEIP 713189 5492797 350 -58 597.0 155.0 156.0 1.0 2.2
DO-22-328 322.7 323.4 0.7 3.3
DO-22-328 416.0 417.0 1.0 0.8
DO-22-328 477.0 478.0 1.0 0.7
DO-22-329 NEIP 713100 5493200 350 -58 300.0 84.0 85.0 1.0 0.2
DO-22-330 Discovery 709786 5487386 345 -55 534.0 456.5 457.0 0.5 0.2
5
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 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 th e 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, ALS 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 page on the website.
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 Québec's prolific Abitibi Greenstone Gold Belt. The projects benefit from
exceptional infrastructure access and boast ~400 km ² of highly prospective ground including
an established gold resource at Douay (SLR 2022) that holds significant expansion potential
as well as the past -producing Eagle, Telbel and Eagle West mines at Joutel. In addition, the
Company holds an exclusive option to acquire 100% of the Eagle Mine Property.
The district -scale pro perty package 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. T he
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.
"Matthew Hornor"
B. Matthew Hornor, President & CEO
For Further Information Please Contact:
Mr. Joness Lang
6
Executive Vice-President
Cell: 778.686.6836
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 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
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 i mplied
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.