Maple Gold receives three permits at Douay

By Mr. Matthew Hornor reports / February 27, 2018 / www.stockwatch.com / Article Link

Mr. Matthew Hornor reports

MAPLE GOLD RECEIVES PERMITS AND RAMPS UP DRILLING AT DOUAY

Maple Gold Mines Ltd. has provided an update on the current drill campaign at the Douay gold project. Maple Gold has received three of the four requested permits and anticipates receiving its final permit very shortly. Two diamond core drills (DDH) are now testing infill and stepout holes and a third drill rig has arrived to site to begin testing extension targets in the porphyry to northwest zone gap.

Second drill rig now testing stepout targets at Douay

The company has initiated property-wide drill site preparation for the recently permitted sites and an additional two DDH rigs will be mobilized to the project as soon as initial sites are ready. One of the new permits covers greenfields syenite and VMS (volcanogenic massive sulphide) targets that start about four kilometres northwest of the resource area and continue for five km along the northern strand of the Casa Berardi deformation zone.

Maple Gold's president and chief executive officer, Matthew Hornor, stated: "We are ramping up toward the full complement of drills and weather permitting should still reach our 25,000-metre target for this winter's campaign. This is an exciting time for our team and our shareholders as we begin to test numerous drill targets simultaneously at Douay."

A final DDH permit is pending that covers additional drill sites within the resource area, as well as the compelling six km by one km northeast syenite target (see press releases Nov. 29, 2017, and Jan. 10, 2018). The northeast syenite target intrusion is not present on government maps and was identified by evaluating results from the limited amount of historical top-of-bedrock RC (reverse circulation) drilling that was previously completed at Douay in the 1980s. Maple Gold geologists believe this approach will help the company generate numerous new target areas within the 55 km of strike along the Casa Berardi deformation zone. All permits for the company's planned RC top-of-bedrock drilling have now been received. Site preparation is already under way and the over 3,000 metres of RC drilling are expected to commence within approximately 10 days.

Qualified person

The scientific and technical data contained in this press release were reviewed and prepared under the supervision of Fred Speidel, MSc, PGeo, vice-president, exploration, of Maple Gold.Mr. Speidel is a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.Mr. Speidel has verified the data related to the exploration information disclosed in this news release through his direct participation in the work.

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 km 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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© 2018 Canjex Publishing Ltd. All rights reserved.

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