Maple Gold Begins Fall Discovery Exploration Program; Initial Drilling to Test Northeast IP Target

Maple Gold Mines Ltd. is pleased to announce that drill rig mobilization is underway for its planned 3,000-metre Fall 2020 exploration drill campaign at the Douay Gold Project in northern Quebec, Canada. The fall drill program is primarily aimed at testing exploration targets that were detailed through the Company's 2019-20 Induced Polarization ("IP") work programs. Initial drilling of one to two deeper (~500-metre) holes will focus on a high-priority discovery target located approximately 4 kilometres northeast of the project's established gold resource, known as the Northeast IP target ("NE IP target").

"While the Douay gold project already hosts one of the largest undeveloped gold resources in Quebec, the significant geological endowment of our property package has always suggested district-scale gold potential," stated Matthew Hornor, President and Chief Executive Officer of Maple Gold. "We are particularly excited to drill test new, potentially higher-grade targets outside of our current conceptual pits as they not only hold the potential to expand resources at the project but to significantly impact future project economics." 

NE IP Target

Initially defined by the Company through IP work in early 2019 (see news from June 12, 2019), the NE IP Target is a 3-kilometre-long regional discovery target with only a single rather shallow historical drill hole from the 1990s collared just off the SW edge of this target. Results from the historical hole, which returned anomalous gold values of 20 to 120 ppb over the entire hole length, indicated that the area hosts alteration and sulfide mineralization comparable to that observed at the past-producing, high-grade Vezza gold mine located 12 kilometres east of the Company's Douay property. 

Owned by private mining company Nottaway Resources Inc. and closed in 2019, the Vezza gold mine hosted higher grade gold mineralization including Measured and Indicated resources of 1.2 Mt at 6.5 g/t Au (based on a 4.2 g/t Au cut-off) and Inferred resources of 435,800 tonnes at 4.9 g/t Au (based on a 3.0 g/t Au cut-off) according to a Maudore Minerals NI43-101 report from March 22, 2013 (disclaimer: mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property).

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