Maple Gold reports drill results from central Porphyry Zone at Douay:
PRESS RELEASE
May 2, 2018
Maple Gold reports drill results from central Porphyry Zone at Douay:
158.2m @ 1.25 g/t Au, including 52 metres @ 3.53 g/t Au
May 2, 2018 – Montreal (Quebec): Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-V: MGM,
OTCQB: MGMLF; Frankfurt: M3G) is pleased report additional drill results from the current winter drilling
campaign at the Douay Gold Project. DO-18-216 intersected 52m grading 3.53 g/t Au (uncut), within a
broader, 158.2m interval grading 1.25 g/t Au (uncut) from 335m downhole (estimated vertical depth of
~220m) within the south-central part of the Porphyry Zone.
Maple Gold’s President and CEO, Matthew Hornor, stated: “This interval appears to represent one of the
5th best intervals in the entire 760+ drill-hole database and the best intercept reported from the Porphyry
Zone to-date.” Hornor added, “We are very pleased to receive such a positive result with only a fraction
(~25%) of the assays received to-date, and one that indicates this particular zone widens and may extend
beyond the currently-defined zone with higher grades.”
Table 1: Significant Drill Highlights from Porphyry Zone
Hole Easting Northing Azimuth Plunge From To Interval (m) A u (g/t)
DO-18-216 706600 5490525 341 -49 334.8 493 158.2 1.25
including 441 493 52.0 3.53
including 460 481 21.0 7.87
including 471 472.5 1.5 86.19
DO-18-216 507 508 1.0 1.05
DO-18-203 706999 5490336 350 -51 198.35 199.3 1.0 4.37
DO-18-203 439 442 3.0 1.17
DO-18-203 614 633 19.0 0.88
including 625 626 1.0 4.13
including 632 633 1.0 8.21
*Intervals given are all down-the hole lengths, which are about 90% of true width for DO-18-203 and essentially identical to true width for
DO-18-216. Coordinates are NAD83 Zone 17N. All assays were performed by ALS Laboratories by AU-ICP21, i.e. 30 g fire assay with ICP finish
with over limits (>10 g/t Au) done by AU-GRA21, i.e. gravimetric analysis of 30g sample weight.
DO-18-216 was planned to test the lateral continuity of gold mineralization in an area of the Porphyry Zone with
both a cluster of relatively high -grade intersections and associated broad haloes of slightly lower grade
mineralization. The assay results support the Company’s concept of multiple higher-grade zones or shoots within
the Porphyry Zone (Figure 1), demonstrate the continuity of this style of mineralization in the central part of the
Porphyry Zone, and open the possibility of increasing grades with depth. In three dime nsions, the DO-18-216
intersection is separated by approximately 60m from those in adjacent holes (DO-17-158 and DO -11-44) and
appears to extend and widen this mineralized zone, which remains open.
In addition, historical drilling to the east of this high grade, thick intersection is relatively broadly spaced
and additional drilling for resource definition is warranted.
Figure 1: DO-18-216 on section 706600. Overlap of DO-18-216 with DO-17-158 is apparent only, in 3D
actual separation is approximately 60m
Drill-hole DO-18-203, collared 439m to the SE of DO-18-216 (Figure 2), targeted the down-dip and down-
plunge extension of Porphyry Zone mineralization and cut 19.0m of 0.88 g/t Au from 614m, at least 100m
down dip from the current limit of mineralization per the existing block model. Assays are pending for
numerous other holes in the area as well, see distribution of drill-holes in Figure 2 below.
Figure 2: DO-18-216 drill-hole location and surrounding area on LIDAR image
The Company is encouraged by these excellent results and looks forward to additional target definition
and drill testing of the higher-grade portions of the Porphyry Zone. To view drill-core photographs for
DO-18-216, see below and click here for additional images on the Company’s website.
Picture above: Drill-core (DO-18-216) photo from 1.5m interval that returned 86 g/t Au
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 analytical laboratory; sample
preparation for assaying; and analysis, recording and final statistica l 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 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 within this prolific mining district. Maple
Gold is now completing a significant winter drill campaign 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 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: +1 416.306.8124
Email: [email protected]
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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 “forward -looking
statements”) within the meaning of applicable Canadian securities legislation in Canada , including statements about the prospectiv e
mineral potential of the Porphyry Zone, the potential for significant mineralization 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. Forward -looking statements include, but are not limited to, statements regarding timing and completion of the private
placement. When used herein, words such 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 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.