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Maple Gold has big outcomes planned for 2020 at Douay

Apr 29, 2020

Maple Gold Mines Ltd. is outlining an ambitious drill program for this year at the Douay property in north-western Quebec. The company summarized the recently completed drilling and exploration work at the Project. A total of 13 drill-holes and one drill-hole extension were completed for a total of 4,370 metres. Assays remain outstanding for 12 drill-holes (1-NW Zone, 4-Nika Zone and 7-Porphyry Zone). A brief summary of the various objectives and target concepts for the drill-holes with assays still pending is on the company's website. 

"We were fortunate to complete nearly 4,400 metres before local shutdowns took effect," said Matthew Hornor, President and CEO. "We are also very fortunate during this pandemic and economic uncertainty in the markets to have a dedicated team willing to take less cash every month while working hard on multiple strategies with a commitment to build value and position the Company for strong performance in the quarters ahead." 

  • NW Zone: Single step-out drill-hole completed with the objective of expanding the NW Zone pit-constrained resource area, which included testing the western continuity ~100 to the west of an adjacent historical intercept (1994) that cut higher than deposit average grade starting from only 41m downhole. The current pit-constrained resource at the NW Zone is 2.6 Mt @ 1.14 g/t Au for 96,000oz Au (RPA 2019).
  • Nika Zone: Maple Gold's discovery hole in this area cut 50m @ 1.77 g/t Au from 297 metres downhole in 2018. Limited follow-up drilling during 2019 intersected broad lower grade gold mineralisation and the Nika Zone supported a new conceptual pit (3.6 Mt @ 0.94 g/t Au for 109,000oz Au) in the Company's latest resource estimate (RPA 2019). One of the objectives for the Company's four drill-holes this winter at the Nika Zone is to define the near-surface expression of the higher-grade 2018 discovery hole. 
  • Porphyry Zone: The 3km by 1km Porphyry Zone contains 136,000 indicated pit-constrained ounces (4.4 Mt @ 0.95 g/t Au) and 1,378,000 inferred pit-constrained ounces (47.9 Mt @ 0.90 g/t Au). There are multiple areas within this broad zone of mineralisation where higher grade mineralisation exists. Five of the seven drill-holes completed at the Porphyry Zone during the Company's winter 2020 campaign were designed to test areas prospective for higher than zone-average grades within the top 150 metres from surface. 

The Company's VP, Exploration, Fred Speidel, added: "We have been very pleased with the IP results from our winter surveys, as they have supported existing target concepts and supported new regional targets that are now drill-ready with permits in place. While we wait for new assay results from our winter drilling campaign our team is preparing for further IP surveys to start as soon as exploration work recommences in the province."

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