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Maple Gold Mines Ltd
Symbol MGM
Shares Issued 227,436,954
Close 2019-10-08 C$ 0.10
Recent Sedar Documents

Maple Gold plans 1,400 m of drilling at Douay's 531

2019-10-09 07:57 ET - News Release

Mr. Joness Lang reports

MAPLE GOLD OUTLINES FOLLOW-UP PLANS FOR DEFINING MORE HIGH-GRADE MINERALISATION AT THE 531 ZONE

Maple Gold Mines Ltd. has provided further analysis and interpretation regarding the potential significance of the higher-grade zones intersected in the lone 2019 drill hole at the 531 zone (press release June 5, 2019). The company has designed a focused 1,400-metre follow-up drill program to begin drilling the immediate target area along an east-southeast trend, which is largely untested and open for about 360 metres.

Maple Gold's 2019 drill hole at the 531 zone (DO-19-262) intersected a new upper zone of 28 m averaging 2.6 grams per tonne Au, and effectively terminated in a lower zone of 51 m averaging 2.8 g/t Au. The company interprets these intercepts as linking with higher grade mineralization from a historical drill hole from the early 1990s (D-92-39), which cut 30 m of 3.3 g/t Au and 10 m of 5.0 g/t Au.

The proposed drill program is expected to commence later this fall and will include both deepening of DO-19-262 with the objective of extending the lower mineralized zone, and the collaring of two new stepout drill holes south and east of DO-19-262. The company has submitted applications for forestry intervention permits to allow for additional drill sites in the 531 zone in anticipation of potential follow-up drilling during the 2020 winter season.

Maple Gold's vice-president of exploration, Fred Speidel, commented: "The 2019 drill intercepts on the south side of the 531 zone, from the first hole drilled here by Maple Gold, are among the top five ever on the property, and are significantly better on a contained gold basis than any other prior hole at the 531 zone, including the discovery hole. Following additional relogging and review of historical data for this area, we have concluded that there is significant potential to define additional higher-grade ounces with further drilling, including beyond the direct follow-up of the DO-19-262 intercept."

531 zone history and updated interpretation

The discovery hole for the 531 zone was drilled in 1987, with significant follow-up only occurring in 1992 and 1993. Only a few holes were drilled in 2006 to 2007, so the outstanding 2019 results have increased the priority level of this zone. Past interpretations have assumed either subhorizontal or subvertical orientations for the mineralized zones; the company currently prefers a predominantly subvertical interpretation. While lithological correlations are typically difficult in mafic volcanic terrains given the rapid lateral variations in coeval volcanic features, 531 zone drill core does show interflow sedimentary intervals including laminated cherts, which not only serve as marker horizons for the purpose of hole-to-hole and section-to-section correlations in order to better decipher structural patterns, but also are spatially associated with gold mineralization. High magnesium basaltic to ultramafic volcanics serve as additional markers.

Geologically, the style of mineralization is very similar to Douay West, such as higher grade, mostly basalt-hosted, structurally controlled and relatively distal to the main syenite bodies found in Porphyry and Nika zones further to the west-northwest. While there is only minor syenite at 531 zone, structurally controlled, pyritic K-spar/hematite-carbonate alteration associated with gold mineralization is significant.

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. 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 ALS 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 its website.

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 about-355-square-kilometre Douay gold project is located along the Casa Berardi deformation zone (55 km 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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