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Maple Gold provides update on Fall 2020 campaign and commences geophysical survey at Douay

Jan 6, 2021

Maple Gold Mines Ltd. is providing an update on exploration activities at its Douay Project in Quebec. The company has expanded its Fall 2020 drill program to consist of 10 holes totalling over 4,000 metres with completion expected in early January 2021 and assay results pending. The company has also commenced one of the largest Induced Polarization ("IP") surveys to be carried out on the project totalling approximately 117 line km over three grids, including over a 15 km2 area along the northern flank of the Douay resource area. 

"We are pleased to have expanded our Fall 2020 drill campaign with a significantly larger program than we initially planned due to encouraging indications of a significant sulphide system at the high-priority Northeast IP target," stated Fred Speidel, VP Exploration for Maple Gold. "While assay results are taking longer than anticipated to be returned, we made the decision to mobilize a second drill rig to further test this regional anomaly along its full 2-km-long strike length with two additional holes."

"Additionally, one of the key themes at Maple Gold has been the generation and testing of new discovery targets at our district-scale Douay property and this will continue to be a focus for us in 2021. The IP work that has begun covers a large area along an important shear zone just north of the currently known resource and includes an undrilled potential source area for the highest gold-in-till anomaly on the property. There are many exciting opportunities like this at the property and we look forward to systematically detailing more targets for upcoming drill campaigns," concluded Mr. Speidel.

Fall 2020 Drilling Campaign 

The Company has expanded its Fall 2020 drill program to consist of 10 holes, eight of which have been completed and two pending completion in January 2021, for a total of approximately 4,050 metres drilled to date (see Figure 1 for drill hole locations). Key details are as follows:

  • Three holes were completed at the high-priority regional Northeast IP Target ("NE IP Target") with one additional hole in progress and pending completion in early January 2021. Additional holes may be drilled at three remaining permitted sites on this target in the Company's Winter 2021 program.

  • An initial hole was completed at the high-priority regional P8 Target. Two additional permitted sites may be drilled in the Winter 2021 drill program.

  • Five holes were drilled in and around the Douay mineral resource - one step-out hole at the Main Zone, one infill hole at the 531 Zone and three infill holes at the Porphyry Zone.

The initial assay process is taking longer than expected and results will be announced in Q1/2021 once they have been received, vetted, compiled and interpreted. Planning is also well underway for the Company's winter drilling program which is expected to commence in mid-January and will cover approximately 10,000 metres with multiple drill rigs.

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