Maple Gold Reports Additional Intercepts from Winter Drilling Campaign, With 1.23 g/t Au over 75 metres, Including 1.61 g/t Au over 31m

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Algemeen advies 10/06/2020 13:37
Montreal, Quebec--(Newsfile Corp. - June 10, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to report further assay results from its 2020 winter drilling campaign at the Douay Project. The western part of the Porphyry Zone is a high priority area for the Company, given the broad zones of relatively shallow mineralization with demonstrated continuity, higher than deposit average grades, existing indicated resources (RPA 2019) and remaining drilling gaps in the area. The Company's latest drill hole (DO-20-281) cut mineralization over 164 metres starting from 108m downhole (about 97m vertical depth). Highlights for DO-20-281 and this western part of the Porphyry Zone are given below:

? DO-20-281 cut multiple gold zones, highlighted by 1.23 g/t Au over 75m from 108m downhole, including 15m of 1.32 g/t Au, followed by 31m of 1.61 g/t Au.

? After an intervening lower-grade zone (0.30 g/t Au over 50m), DO-20-281 intersected 0.85 g/t Au over 38m, including 1.71 g/t Au over 5m.

? DO-20-281 was collared about 130m NE of two historical drillholes (DO-11-33 and DO-12-97), which were collared about 30m apart and drilled in 2011 and 2012. Maple Gold's new drillhole supports the updip continuity of mineralization from these historical holes, which returned 1.14 g/t Au over 62.0m, including 3.0 g/t Au over 11.5m, and 1.17 g/t over 163.5m, including 8.96 g/t Au over 9.0m respectively, uncapped for DO-12-97 (see Fig. 2 and Table 2)

? DO-20-281 also tested and supports downdip continuity of mineralization encountered in hole 70586, a historical hole found within indicated resources (RPA, 2019). That hole cut 0.98 g/t au over 13.6m from 78.3m downhole, followed by 0.87 g/t Au over 93.6m from 107.6m downhole, including 2.04 g/t Au over 14.2m.

? The Company's 2020 drilling appears to now link up multiple intercepts (new and historical) within a much broader zone of mineralization extending from top of bedrock to the base of the current conceptual pit in this area.

Maple Gold's VP, Exploration, Fred Speidel, commented: "We are very pleased with our 2020 drill results from the western part of the Porphyry Zone, in particular with the higher-than-deposit-average grades over significant widths, as well as with the hole to hole and section to section continuity; our team is already in the process of defining drillhole locations for the next phase of drilling in this area. Given its characteristics, this area has the potential to positively impact project economics, and given the fact that the northern and eastern limits of this zone are still not fully defined, we intend to further test this area in our next drill campaigns."

New assay results from DO-20-281 build on those recently reported from DO-20-280 and DO-20-283 (see press release May 27, 2020, Fig. 1 and Fig. 2, and Table 1 below), as well as those from historical holes 70586, DO-11-33, and DO-12-97 (see Fig. 2 and Table 2). These holes show some of the longest intercepts anywhere on the property. Note that the mineralized envelope in DO-20-281 extends well below the reported intercept (Fig. 2). Indicated resources (RPA 2019) shown in Fig. 2 and Fig. 3 are still limited due to previously sparse drilling; the maximum projection distance from any given hole for the indicated category is 50-60 metres (RPA, 2019).

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https://www.maplegoldmines.com/index.php/en/news/2020/349-apleoldeportsdditionalnterceptsfrominterrilli20200610070000



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