The 531 Zone was initially discovered at Douay in 1987 and mostly drilled in 1992 and 1993 by a previous operator.
The zone was not explored from 2008 until 2019, when Maple Gold drilled hole DO-19-262 to test down-dip continuity.
Mr. Speidel has verified the data related to the exploration information disclosed in this press release through his direct participation in the work.
The JV implements strict Quality Assurance protocols at Douay covering the planning and placing of drill holes in the field; drilling and retrieving the NQ-sized drill core; drillhole surveying; core transport to the Douay Camp; core logging by qualified personnel; sampling and bagging of core for analysis; transport of core from site to the Val-d’Or, QC, SGS laboratory; sample preparation for assaying; and analysis, recording and final statistical vetting of results.
The stock options are exercisable at a price of $0.51 per share and will vest one-third immediately, one-third 12 months from the date of grant and one-third 24 months from the date of grant.
is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines Limited to jointly advance the district-scale Douay and Joutel gold projects located in Quebec’s prolific Abitibi Greenstone Gold Belt.
The property also hosts a significant number of regional exploration targets along a 55 km strike length of the Casa Berardi Deformation Zone that have yet to be tested through drilling, making the project ripe for new gold and polymetallic discoveries.
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.