00:53:10 EDT Wed 19 Jun 2019
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Maple Gold Mines Ltd
Symbol C : MGM
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Close 2019-04-10 C$ 0.085
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Maple Gold completes geophysical survey at Douay

2019-04-10 09:27 ET - News Release

Mr. Matthew Hornor reports


Maple Gold Mines Ltd. has recently completed an induced polarization (IP) survey with Abitibi Geophysique using Abitibi's OreVision technology, along strike to the east and northeast of the six-kilometre-long resource area. The survey included 400-metre-spaced lines covering a total of approximately 40 line kilometres, over a very sparsely drilled 15-square-kilometre area. Data inversions and interpretations are pending.

IP technology has progressed significantly since the 1990s when most of the previous IP surveys were completed on the Douay property; modern IP technologies allow much greater depth penetration than historical surveys were capable of historically. The currently producing Vezza gold mine is located approximately 20 kilometres to the east of the IP grid and the company is hopeful that today's improved IP technology will detect one or more sulphide systems that could also lead the company's technical team toward new Vezza-type gold discoveries.

Previous drilling east of the current resource area has in general been limited, very broadly spaced and shallow. However, there are encouraging observations from the past drill data, including similar geochemical signatures to the resource area and several intercepts over one g/t gold that were discovered up to six kilometres east of the current resource area.

Maple Gold's president and chief executive officer, Matthew Hornor, commented: "The completion of this IP survey reflects the company's continued commitment to property-scale target generation. We control a very prospective tract of ground straddling the Casa Berardi fault zone and believe that new ideas and technologies have the potential to lead to new discoveries and technical breakthroughs for us at Douay. We plan to methodically develop and prioritize new prospective targets and selectively drill test our highest-priority targets as they are defined."

Qualified person

The scientific and technical data contained in this press release were reviewed and prepared under the supervision of Fred Speidel, master of science, professional geoscientist, 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.

About Maple Gold Mines Ltd.

Maple Gold is an advanced gold exploration and development company focused on defining a district-scale gold project in one of the world's premier mining jurisdictions. The company's approximately 392-square-kilometre Douay gold project is located along the Casa Berardi deformation zone (55 kilometres of strike) within the prolific Abitibi greenstone belt in Northern Quebec, Canada. The project benefits from excellent infrastructure and has an established gold resource that remains open in multiple directions.

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