Maple GOLD Resumes Drilling at Douay and Prepares to Commence Phase I Drilling Program at Eagle
PRESS RELEASE
January 17, 2022
MAPLE GOLD RESUMES DRILLING AT DOUAY AND PREPARES TO
COMMENCE PHASE I DRILLING PROGRAM AT EAGLE
Vancouver, BC – (Newsfile Corp. – January 17, 2022) - Maple Gold Mines Ltd. (TSX-V:
MGM) (OTCQB: MGMLF) (FSE: M3G) (" Maple Gold " or the " Company ") is pleased to
announce the resumption of drilling at the Company’ s Douay Gold Project ("Douay") in
Quebec, Canada. Douay is held by a 50/50 joint venture (the "JV") between the Company and
Agnico Eagle Mines Limited. Drill crews are current ly completing holes DO-21-314 and DO-
21-319 at the Nika and 531 Zones, respectively (see news from December 14, 2021). One of
the two available drill rigs will then be mobilized to commence a planned 4,000-5,000 metre
("m") Phase I drilling program at the Company’s 100 %-controlled Eagle Mine Property
("Eagle").
Matthew Hornor, President and CEO of Maple Gold, st ated: “This is an exciting time for the
Company as we ramp up our 2022 drilling program with two rigs currently turning at site while
we await assay results from the multiple batches of samples from Fall 2021 drilling at Douay.
After thoroughly compiling and studying our 3D mode l at Eagle (see news from October 7,
2021), we look forward to drill testing new target concepts and completing the first diamond
drilling since 2015 along this past-producing, high-grade gold trend.”
Targeting and Phased Drilling Approach at Eagle
Phase I drilling at Eagle is designed to extend mineralization beyond the mined-out stopes and
along sub-parallel target trends that were never mined nor adequately tested, focusing initially
on areas with significant grade and volume potentia l. The locations of proposed Phase I drill
holes (see Figure 1) were determined using the Company’s recently completed 3D geological
and structural model along the entire past-producing, high-grade Eagle-Telbel mine trend.
This first phase of drilling will primarily target a proposed satellite mineralization trend or “shoot”
to the northwest of the previously mined-out portion of the Eagle Main Shoot (see Figure 2 for
locations of main and satellite shoots and planned drill hole pierce points). Given the historical
production from the Eagle Main Shoot, drilling succ ess in this area would help validate the
potential for near-mine extensions and generate new target concepts. Two subsequent phases
of drilling at Eagle, which will test potential min eralization extensions at depth as well as new
targets identified by a regional airborne geophysic al survey that is currently underway, are
planned for 2022 along with success-based follow-up drilling.
A key target area that will be tested during Phase I is highlighted by two historical intercepts
that returned 10.2 g/t Au over 10.2 m (hole AE-90-3 0) and 9.3 g/t Au over 5.2 m (hole 7-29).
Phase I drill holes in this area will begin testing a 400 m wide target concept that has little to
no historical drilling and therefore represents significant grade and volume potential.
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Mineralization extensions to the northwest of the m ined-out stopes will also be tested at
shallower depths in an area that historically had l imited drill density but returned notable
intercepts closer to surface, including 2.6 g/t Au over 22.9 m in hole AE-90-7 and 2.8 g/t Au
over 17.5 m in hole AE-90-5, which were not followed up on historically.
Figure 1: Plan view of proposed Phase I drill holes at Eagle. Eight holes are planned to test proposed
near-mine extensions as well as sub-parallel target trends.
Additional Phase I work at Eagle will include furth er relogging of historical core from 2008-
2015, including geochemical and petrophysical characterization, as well as detailed review of
existing logs in all areas of interest. Through the Company’s evaluation of historical drill logs
and available drill core, it has been observed that gold mineralization does extend beyond the
known mine horizon into adjacent stratigraphic units. As such, the proposed Phase I drill holes
will extend well beyond the main mine horizon.
The JV is also nearing completion of its regional h igh-resolution airborne magnetic and
electromagnetic ("Mag-EM") survey to support exploration drill targeting across 266 km² of JV-
controlled ground (see news from October 19, 2021). Results from the new Mag-EM survey
will cover the entire Joutel property, including th e Eagle-Telbel mine trend, and are expected
to provide valuable information that will help the Company vector in on targets within the
interpreted parallel trends to the north and south of the main mine trend.
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Figure 2 : Oblique view of proposed Phase I drill hole pierce points at Eagle. Note locations of Eagle
Main Shoot and a proposed sub-parallel secondary shoot.
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. G eo., Vice-President Exploration of Maple
Gold. Mr. Speidel is a Qualified Person under Natio nal Instrument 43-101 Standards of
Disclosure for Mineral Projects. Mr. Speidel has ve rified the data related to the exploration
information disclosed in this press release through his direct participation in the work.
About Maple Gold
Maple Gold Mines Ltd. is a Canadian advanced explor ation company in a 50/50 joint venture
with Agnico Eagle Mines Limited to jointly advance the district-scale Douay and Joutel gold
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projects located in Quebec’s prolific Abitibi Green stone 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 (RPA 2019) th at holds significant expansion potential
as well as the past-producing Eagle, Telbel and Eag le West mines at Joutel. In addition, the
Company holds an exclusive option to acquire 100% of the Eagle Mine Property.
The district-scale property package also hosts a si gnificant number of regional exploration
targets along a 55 km strike length of the Casa Ber ardi Deformation Zone that have yet to be
tested through drilling, making the project ripe fo r new gold and polymetallic discoveries. The
Company is well capitalized and is currently focuse d 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
Executive Vice-President
Cell: 778.686.6836
Email: [email protected]
Mr. Kiran Patankar
SVP, Growth Strategy
Cell: 604.935.9577
Email: [email protected]
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Forward Looking Statements:
This press release contains "forward-looking inform ation" and "forward-looking statements" (collective ly 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 a re based on
assumptions, uncertainties and management's best es timate of future events. Actual events or results c ould differ materially
from the Company's expectations and projections. In vestors are cautioned that forward-looking statements involve risks and
uncertainties. Accordingly, readers should not plac e undue reliance on forward-looking statements. For a more detailed
discussion of such risks and other factors that cou ld 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.