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Maple Gold Mines Ltd
Symbol MGM
Shares Issued 208,468,772
Close 2018-06-25 C$ 0.155
Market Cap C$ 32,312,660
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Maple Gold drills 12 m of 1.9 g/t Au at Douay

2018-06-26 09:17 ET - News Release

Mr. B. Matthew Hornor reports

MAPLE GOLD INTERSECTS SEVERAL MINERALIZED ZONES AND EXTENDS MINERALIZATION AT DEPTH IN WEST-CENTRAL RESOURCE AREA

Maple Gold Mines Ltd. has provided additional drill results from the western half of the porphyry zone within the current resource area at the Douay property. Within this area a total of eight infill and stepout holes were drilled in 2018, with assays pending for the westernmost hole of these only. Both geological observations and assay results for these new holes show good continuity of mineralization in this area, with several higher grade intervals, within a syenite dike or dike swarm in the hangingwall of one of the Casa Berardi faults.

  • DO-18-229 cut several mineralized zones, including 12.0 metres of 1.90 grams per tonne Au, 8.5 m of 3.80 g/t Au (uncapped) and 5.5 m of 1.94 g/t Au, all of which form part of a broader envelope of lower-grade halo mineralization which extends to surface in historical hole D-92-07.
  • DO-18-234 cut several mineralized zones, including an upper zone in basalt with 7.0 m grading 1.47 g/t Au and a lower zone in syenite with 27.9 m grading 0.66 g/t Au. The latter extends to surface in historical hole DO-05-02.
  • DO-18-230 also cut multiple mineralized zones, including an upper zone in basalt with 4.8 m grading 1.25 g/t Au and a lower zone in syenite with 24.0 m grading 0.75 g/t Au, including 7.0 m grading 1.17 g/t Au. These zones also extend to surface in holes DO-12-97 and 70586-0, respectively.

In addition to the highlights mentioned above, several other drill holes successfully confirmed both lateral and vertical continuity of mineralization (see attached table "Highlighted drill results to date from the Western portion of the porphyry zone").

Maple Gold's president and chief executive officer, Matthew Hornor, stated: "Infill and stepout drilling has successfully confirmed down-dip extensions of existing mineralized zones in the main porphyry zone. Further drill results are expected in the coming weeks from the Nika zone, the eastern half of the porphyry zone and also from new greenfields drilling to the northeast and northwest of the resource area."

HIGHLIGHTED 2018 DRILL RESULTS TO-DATE FROM WESTERN 
           PORTION OF THE PORPHYRY ZONE 
(newly reported drill holes: 229, 234, 230, 221, 240)

Hole             From       To   Interval   Au ppm

DO-18-229       310.8    311.8          1     1.02
DO-18-229         390      402         12      1.9
DO-18-229       409.5      418        8.5      3.8
including       409.5    410.2        0.7     36.5
including         415      416          1     4.79
DO-18-229         440    445.5        5.5     1.94
DO-18-229       460.6      462        1.4     0.59
DO-18-234       262.9    269.9          7     1.47
including       262.9      266        3.1     2.94
DO-18-234       286.5    287.5          1     1.38
DO-18-234       509.1      537       27.9     0.66
including       509.1      511        1.9     2.96
including         533      536          3     1.34
DO-18-234         557    563.9        6.9     0.62
including         561    563.9        2.9     1.02
DO-18-230       174.2      179        4.8     1.25
DO-18-230         368      369          1    17.65
DO-18-230         374      376          2     1.94
DO-18-230         388      412         24     0.75
including         389      396          7     1.17
DO-18-230         432      434          2     1.45
DO-18-230       445.4      452        6.8     0.67
DO-18-230         449      450          1     1.04
DO-18-221         453    453.9        0.9     0.88
DO-18-221         505    508.6        3.6     0.58
DO-18-221         580      586          6     0.85
including         583      584          1     3.54
DO-18-221         596      597          1     1.22
DO-18-221         612      613          1     2.09
DO-18-221       721.5    722.5          1     2.58
DO-18-240         134      135          1     1.53
DO-18-240         144      148          4     1.21
DO-18-248
DO-18-203       198.4    199.3          1     4.37
DO-18-203         439      442          3     1.17
DO-18-203         614      633         19     0.88
including         625      626          1     4.13
including         632      633          1     8.21
DO-18-216         441      493         52     3.53
including         460      481         21     7.87
including         471    472.5        1.5    86.19
including         507      508          1     1.05

Intervals given are all down-the hole lengths, which 
are estimated to be approximately 90 per cent of 
true width. All assays were performed by ALS 
Laboratories by AU-ICP21, for example, 30-gram fire 
assay with ICP finish with any overlimits (over 10 
g/t Au) redone by AU-GRA21, for example, gravimetric 
analysis of 30 g sample weight. Nominal cut-off to 
obtain intercepts is 0.25 g/t Au, but depending on 
grade distribution effective cut-offs can be somewhat 
higher or lower. All intercepts are uncapped, those 
identified with (*) include samples with overlimits 
(over 10 g/t Au); which may be subject to grade 
capping during future resource estimation.

Two thousand eighteen drilling in the western half of the porphyry zone shows a broad (90- to 130-metre true width) halo of gold mineralization, extending several hundred metres along strike and mainly hosted in syenites within which higher grade (over one g/t Au) intervals are found. In some cases the lower portion of the halo has the best grades (for example DO-18-229 shown in Figure 2A, as shown on-line), in others the upper portion (DO-18-230 shown in Figure 2C, available on-line). Narrow high-grade structures are also found in basaltic wall rocks.

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 of 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 statistical vetting of results. For a complete description of protocols, please visit the company's QA/QC page on the company's website.

About Maple Gold Mines Ltd.

Maple Gold is an advanced gold exploration company focused on defining a district-scale gold project in one of the world's premier mining jurisdictions. The company's 377-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 (1) that remains open in multiple directions, with excellent infrastructure and several large-scale operating mines within this prolific mining district. Maple Gold has now completed 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.

(1) (Micon 2018) Four hundred seventy-nine thousand ounces at 1.59 g/t Au (indicated category) and 2,759,000 ounces at 1.02 g/t Au (inferred category), using a 0.45 g/t Au cut-off grade.

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