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Maple Gold commences Induced Polarization work to test for potential higher-grade gold lenses

ID: 1555535
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(PresseBox) - Maple Gold Mines Ltd. ?Maple Gold? or the ?Company?) (TSX-V: MGM, OTCQB: MGMLF; Frankfurt: M3G -https://www.commodity-tv.com/play/maple-gold-mines-drilling-new-high-grade-extension-531-zone/ ) is pleased to announce that induced polarization (?IP?) work recently commenced at Douay, with the aim of establishing new high-grade discovery targets during the first quarter. One area prospective for new higher grade discoveries is located approximately 6km NE of the Douay deposit?s 531 Zone.

Several chargeability anomalies were defined during a 2019 IP survey, including a broad northern anomaly (the ?North IP Target?) about 3km long within the same package of rocks as the recently closed Vezza Mine (located only 12km east of the Douay property limit). Discovering new high-grade lenses of mineralisation within the Company?s greater property package has the potential to contribute significantly to conceptual mining scenarios and the Company has therefore earmarked funds for initial scout drilling in the event favourable results are obtained from the infill IP work (7 lines) at the North IP Target. Three test lines will also be undertaken in the 531 Zone area (See figure 1 below).

Maple Gold?s President and CEO, Matthew Hornor, commented: ?In addition to our drilling plans within the known resource area, we are very excited to firm up new discovery targets across our greater property package and believe the potential to discover new higher-grade gold lenses remains excellent. The broad North IP Target we defined last year sits within an area prospective for higher grade gold mineralisation similar to other nearby mines along the same break (Casa Berardi 40km to the west and Vezza 12km to the east of Douay).?

Both Casa Berardi and Vezza deposits are structurally-controlled and hosted within the Taso occurs over the northern portion of the current Douay property (Figs. 1, 2), with the North IP Target being largely undrilled.



Note: Mineralisation hosted on adjacent and/or nearby properties is not necessarily indicative of mineralisation hosted on the Company?s Douay Property.

In addition to the ?Orogenic Gold? (Casa Berardi and Vezza) and Intrusive-Related Gold (Douay) deposit types, the mafic-volcanic dominant Cartwright Hills Group to the south also contains several sedimentary and/or felsic interflow horizons that are favorable for gold-rich VMS deposits, similar Gold remains excited about, and committed to continue systematically testing these discovery targets (Fig.2 above).

Qualified Person

The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred Speidel, M. Sc, P. Geo., Vice-President Exploration, of Maple Gold. the Company?s QA-QC standards and protocols: http://maplegoldmines.com/index.php/en/projects/qa-qc-qp-statement.

About Maple Gold

Maple Gold is an advanced gold exploration and development company focused on defining a district-scale gold project in one of the world?s premier mining jurisdictions. The Company?s ~355 kme information please visit www.maplegoldmines.com.

ON BEHALF OF MAPLE GOLD MINES LTD.

?Matthew Hornor?

B. Matthew Hornor, President & CEO


In Europe:

Swiss Resource Capital AG

www.resource-capital.ch

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

Forward Looking Statements:

This news release contains ?forward-looking information" and ?forward-looking statements? (collectively referred to as ?forward-looking statements?) within the meaning of applicable Canadian securities legislation in Canada, including statements about the prospectiveual events or results could differ materially from the Company?s expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding timing and completion of the private placement. When used herein, words such as ?anticipate?, ?will?, ?intend? and similar expressions are intended to identify forward-looking statements.

Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed reasonable at the time they were made or in certain cases, on third party expert opinions. Such forward-looking statements involve known and unknown risks, and uncertainties and other factors that may cause our actual events, results, performance or achievements to be materially different from any future events, results, performance, or achievements expressed or implied by such forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.?s filings with Canadian securities regulators available on www.sedar.com or the Company?s website at www.maplegoldmines.com. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.



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Date: 01/29/2020 - 18:01
Language: English
News-ID 1555535
Character count: 7746
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Firma: Swiss Resource Capital AG
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Stadt: Montreal, Quebec
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