Mr. Matther Hornor reports
MAPLE GOLD SIGNS CONTRACT FOR TOP-OF-BEDROCK DRILLING AND SECURES ADDITIONAL DIAMOND-CORE RIGS FOR WINTER CAMPAIGN
Maple Gold Mines Ltd. has signed a contract with Overburden Drilling Management, which will oversee the reverse circulation top-of-bedrock drilling, with SES Inc. providing the initial RC drill rig. Maple Gold has also finalized an agreement with Forage Hebert to provide four diamond-core drilling rigs, which will complement the two rigs already secured through the company's contract with Forage Pikogan. The additional drill rigs will complement the first rig currently onsite (see press release Jan. 18, 2018), once the company receives its permits for new drill sites. Additional corporate update notes are listed below.
New corporate video
To view newly released video footage that was recently taken at the Douay gold project please visit the company's website.
Upcoming events
The company is pleased to announce its participation in the several conferences during the first quarter of 2018.
Whistler Capital Conference: Feb. 9 to Feb. 11, in Whistler, B.C.
BMO Capital Markets 27th Annual Global Metals & Mining Conference: Feb. 25 to Feb. 28, in Hollywood, Fla.
PDAC 2018 -- International Convention, Trade Show and Investors Exchange: March 4 to March 7, in Toronto, Ont.
Option grant
The company has granted incentive options to certain officers of the company to purchase up to an aggregate of 300,000 common shares, exercisable at a price of 30 cents per share. The options have a three-year term, with an exercise price of 30 cents, the closing price of Maple Gold shares on the day preceding the grant. The stock options will be subject to a vesting schedule and vest one-quarter immediately and one-quarter on each anniversary date of the grant until the options are fully vested.
The company's stock option plan governs these incentive options, as well as the terms and conditions of their exercise, which is in accordance with policies within the TSX Venture Exchange.
About Maple Gold Mines Ltd.
Maple Gold is a well-financed gold exploration company focused on advancing a district-scale gold project in one of the world's premier mining jurisdictions. The company's 370-square-kilometre Douay gold project is located along the Casa Berardi deformation zone within the prolific Abitibi greenstone belt in Northern Quebec, Canada. The project has an established gold resource that remains open in multiple directions, with excellent infrastructure and several large-scale operating mines within this prolific mining district. Maple Gold has a significant drill campaign under way to expand on the known resource areas and test new discovery targets within the company's 55 km of strike along the Casa Berardi deformation zone.
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