Maple Gold Mines secures third drill rig to start Section III drilling at Eagle and stays on monitor to finish 30,000m in its Quebec undertaking portfolio by the tip of the yr


Vancouver, British Columbia–(Newsfile Corp. – October 7, 2022)– Maple Gold Mines Restricted (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ,maple gold” both “firm“) is happy to announce {that a} third drill rig has been secured to start the 5,000 m (“m”) Section III drill program on 100% managed Eagle Mine property (“Eagle”). The rig is predicted to reach on the web site by mid-October, maintaining the corporate on monitor to finish about 30,000 meters in its district-scale 400 km2 Yr-end property packages in Quebec, Canada. Along with the corporate’s information launch dated August 3, 2022, two (2) rigs are actually commissioning deep drill holes underneath and close to the historic underground mine within the Tellbel mine space (“Tailbel”) within the Joutel undertaking (“Joutel”). Huh. “), which is organized by a 50/50 three way partnership (“JV”) between Maple Gold and Agnico Eagle Mines Ltd. As well as, the corporate expects to enter the three way partnership’s Douai undertaking (“Douy”) in November. Fourth drill rig might be acquired to begin deep drilling.

The corporate can also be happy to announce that it has resolved on-site electrical points affecting its core saws, successfully eradicating its core slicing backlog and eliminating beforehand accomplished drilling. A number of giant batches of samples might be despatched to assay laboratories.

“We’re excited to start Section III drilling at Eagle which can observe the very best outcomes of the primary two drilling phases and take a look at further targets, whereas we speed up the tempo of our complementary C$4.8M deep drilling program at Douay and Joutel. additionally growing.” Matthew Horner, President and CEO of Maple Gold, mentioned. “With regular web site operations now restored, our backlog of core segmentation and pattern shipments has been successfully eradicated and we count on further assay outcomes throughout This autumn 2022. The corporate will proceed to function in Douy, Joutel. Extra aggressive step-out and deep drill gap drilling is predicted. and Eagle with not less than three rigs from mid-October to the tip of Q1 2023.”

deep drilling progress

Deep drilling at Tellbel is making regular progress with two (2) drill rigs actively testing the down-plunge continuation of gold mineralization within the area. Drill gap TB-22-001 (drilled from south to north) approaching 1,500 m downhole and en path to a deliberate whole downhole depth of two,000 m of intensive near-surface space of ​​felsic-pyroclastic-hosted pyrite mineralization is confronted (see Determine 1 for all drill gap areas). Preliminary samples of TB-22-001 have already been despatched to the assay laboratory. Drill gap TB-22-002 (drilled from north to south) is positioned 2.4 km to the east of TB-22-001 and is at present near 900 m downhole.

As well as, the corporate expects to start a ~10,000 m deep drilling program in Douay with a fourth drill rig in November. The three way partnership has authorized a mixed ~16,000 m deep drilling at Douay and Tellbel as a part of a beforehand introduced C$4.8M improve for his or her two-year exploration funds (see information from Could 18, 2022).

New exploration drillhole accomplished in Duey

The corporate has additionally just lately accomplished a brand new 534 m exploration drill gap at Due (DO-22-330), which is positioned roughly 4 (4) km south of zone 531 alongside the regional Casa Berardi South Fault, referred to as the native This is called the Joutel Deformation Zone. “JDZ”) (see Determine 1). The JDZ has seen very restricted drilling on this space thus far, with just one historic drill gap in a 9 (9) km part of this structural hall. The corporate’s just lately accomplished aerial magnetic and electromagnetic (“MAG-EM”) survey recognized a number of conductive targets with a southwest pattern on the Joutel property (see information from July 19, 2022) for JDZ Kind a positive structural corrugation and supply assist. Host of gold mineralization. Preliminary drill core observations from DO-22-330 spotlight the potential for Casa–Berardi-style gold mineralization in graphitic fault zones which can be related to brachiated and pyritic quartz veins.

determine 1, Douy and Tellbel drill collar on a geologic base map. Word the shut relationship of the broader gold targets with the Casa Berardi North Fault within the Douy useful resource space; Gold targets within the eagle-tailbelt area are equally related to the jowltail and harricana deformation zones.

certified individual

The scientific and technical information contained on this press launch has been reviewed and ready underneath the supervision of Fred Speidel, M. Sc., P. Geo, Maple Gold’s Vice President of Exploration. Mr. Speedell is an eligible individual underneath Nationwide Doc 43-101 Requirements for Disclosure of Mineral Initiatives. Mr. Speedel has verified the info referring to the investigation info disclosed on this press launch by means of his direct participation within the work.

About Maple Gold

Maple Gold Mines Restricted is a Canadian superior exploration firm, collectively in a 50/50 three way partnership with Agnico Eagle Mines Restricted to advance district-level Douay and Joutel Gold initiatives positioned in Quebec’s prolific Abbey Greenstone gold belt . The initiatives profit from entry to distinctive infrastructure and canopy ~400 km. claims to2 of excessive potential land, together with a longtime gold useful resource at Douay (SLR 2022), which homes the past-producing Eagle, Tailbel and Eagle West mines, together with important growth potential at Joutel. As well as, the Firm has an unique possibility to amass 100% of Eagle Mine Properties.

The district-scale property bundle additionally features a important variety of subject exploration targets alongside the 55 km strike size of the Casa Berardi Deformation Zone, which have but to be examined by means of drilling, making the undertaking ripe for brand spanking new gold and polymetallic discoveries. has occurred. The corporate is effectively capitalized and is at present centered on working exploration and drill packages to develop assets and innovate to determine an thrilling new gold district within the coronary heart of Abitibi. Please go to www.malegoldmines.com for extra info.

On behalf of Maple Gold Mines Ltd.

“Matthew Horner”

B Matthew Horner, President and CEO

For additional info please contact:

Mr Jones Lang
Govt Vice President
Cell: 778.686.6836
E-mail: This e-mail deal with is being shielded from spambots. You want JavaScript enabled to view it.

Neither TSX Enterprise Alternate nor its regulation service supplier (as this time period is outlined in TSX Enterprise Alternate’s insurance policies) accepts accountability for the adequacy or accuracy of this press launch.

forward-looking statements:

This press launch consists of “forward-looking info” and “forward-looking statements” (collectively known as “forward-looking statements”) throughout the which means of the Canadian securities legislation relevant in Canada. , which incorporates statements in regards to the investigation work and the outcomes from the current. future work schedules. Ahead-looking statements are based mostly on assumptions, uncertainties and administration’s greatest guess about future occasions. Precise occasions or outcomes might differ materially from the corporate’s expectations and estimates. Traders are cautioned that forward-looking statements contain dangers and uncertainties. Accordingly, readers mustn’t place undue reliance on forward-looking statements. For a extra detailed dialogue of the dangers and different elements that would trigger precise outcomes to vary materially from these expressed or implied by such forward-looking statements, contact Maple Gold Mines Restricted with the Canadian Securities Regulators accessible at www.sedar. View submitting. .com or on the Firm’s web site www.malegoldmines.com. The Firm doesn’t intend, and expressly disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as expressly required by legislation .



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