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USA
CA



Maple Gold Mines Ltd
Symbol MGM
Shares Issued 182,371,414
Close 2018-01-17 C$ 0.30
Market Cap C$ 54,711,424
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Maple Gold starts drilling at Douay

2018-01-18 07:38 ET - News Release

Mr. Matthew Hornor reports

MAPLE GOLD STARTS DRILLING STEP-OUT TARGETS AT THE DOUAY GOLD PROJECT

The first drill hole has commenced at Maple Gold Mines Ltd.'s Douay gold project. The first drill rig has arrived to site and has been mobilized to one of the priority infill and stepout drill targets from the 55 existing permits currently in place. Permit requests have been submitted for the balance of planned drill holes (see press release dated Jan. 10, 2017) and the company anticipates receiving permits and ramping up to the full complement of five to six diamond drill rigs within approximately three weeks.

Maple Gold's president and chief executive officer, Matthew Hornor, stated: "We are excited to break ground with the first drill hole of the 2018 drilling campaign. Our technical team deserves a lot of credit for all of the hard work that preceded today's milestone. We look forward to additional drill rigs arriving shortly and drill results this winter and spring."

An image on the company's website highlights the extent of syenite, or mixed syenite and basalt, in comparison with the existing resource areas as defined in the latest report by Micon in 2017. Note also the rough coincidence of syenite with a characteristic bimodal (high/low) magnetic response. The anomalous geophysical pattern combined with the extent of syenite, defines what Maple Gold views as the greater resource target area, which will be the focus of stepout and infill drilling during the current campaign.

Qualified person

The scientific and technical data contained in this press release were reviewed and prepared under the supervision of Fred Speidel, MSc, PGeo, vice-president, exploration, of Maple Gold Mines. 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.

About Maple Gold Mines Ltd.

Maple Gold is a well-financed gold exploration company focused on advancing a district-scale gold project in one of the world's premier mining jurisdictions. The company's 370-square-kilometre 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 150 kilometres. 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.

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