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Maple Gold makes committee appointment and releases drilling update

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Global Mining Review,

Maple Gold Mines Ltd. has announced the appointment of Paul Harbidge to its technical committee – which helps guide exploration, drilling, and project management at its projects located in Québec, Canada – and provided an update on the ongoing deep drilling programmes at the Douay and Joutel gold projects, which are held by a 50/50 joint venture (JV) with Agnico Eagle Mines Ltd.

Harbidge is an accomplished geologist with more than 25 years of experience and a track record of discovering world-class gold deposits. He is currently President, Chief Executive Officer and a Director of Faraday Copper Corp., an emerging US copper developer. Harbidge was previously President and Chief Executive Officer of GT Gold Corp. and led the company to a CAN$456 million acquisition by Newmont Mining Corp. in May 2021. Prior to that, Harbidge was Senior Vice President of Exploration for Goldcorp Inc. from 2016 until its acquisition by Newmont Mining Corp. in April 2019. He also led the exploration team at Randgold Resources Ltd that was credited with five major gold discoveries. Harbidge holds a First-Class Honours Degree in Geology from Kingston University, London (UK), and a Master of Science in Mineral Exploration and Mining Geology from Leicester University (UK).

“We are thrilled to have Paul Harbidge join our technical committee, as his experience successfully leading teams to multiple world-class gold discoveries further strengthens our technical group during this critical phase of growth for the company,” stated Matthew Hornor, CEO of Maple Gold. “2023 is shaping up to be an exciting year for the JV as we approach completion of the first phase (approximately 6000 m) of deep drilling at Joutel and with the planned deep drilling campaign (approximately 10 000 m) at Douay testing beneath the known 6 x 2 km resource footprint already well underway.”

A total of six drill holes and drillhole extensions are planned at Douay, several of which are expected to be drilled to 2000 m downhole or more. Deep drilling will test beneath the current mineral resource (SLR 2022) and across the favourable Casa Berardi North Fault corridor, where modelled wireframes demonstrate the potential for higher-grade (>2 g/t) gold (Au) mineralisation at greater depths.

Deep drilling at Douay commenced in early January 2023 with drill hole DO-23-331, which is collared approximately 400 m southwest of the conceptual pit limits at the 531 Zone. Previous drilling at the 531 Zone has returned some of the highest-grade and largest gold accumulations (grade x thickness) to-date at Douay, including 8.8 g/t Au over 28.5 m at a depth of 295.0 m in drill hole DO-21-310. While the primary target for this hole is located approximately 1900 m downhole, where it is expected to intersect the projection of the defined mineralised zone at the 531 Zone significantly down-plunge, DO-23-331 will also serve to test the full width of the mineralised corridor in this area. DO-23-331 is currently approaching 1100 m downhole and is proving to be more mineralised than anticipated in the hanging wall rocks.

Two additional drill rigs were recently mobilised to Douay, and the company expects five rigs to be turning concurrently throughout 1Q23.

“We are encouraged and cautiously optimistic after observing significant pyrite mineralisation in the upper portion of the first deep drill hole in an area well south of the 531 Zone with very limited drilling,” stated Fred Speidel, VP Exploration of Maple Gold. “These initial observations point to the potential for these deep drill holes to intersect new mineralised horizons en route to the targeted depths.”

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