Montreal, Quebec--(Newsfile Corp. - June 8, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) "Maple Gold" or the "Company") is pleased to report that Dr. Gérald Riverin has joined the Company's board of directors and technical advisory committee. Dr. Riverin obtained his Ph.D. from Queen's University in 1977 and has been involved in the discovery and development of several notable properties in Quebec, including the Troilus open pit gold-copper mine near Chibougamau.
Maple Gold's President and CEO, Matthew Hornor, commented: "We are very pleased to add somebody with such a strong breadth of knowledge and relevant and complementary experience to our board and advisory committee. Gérald has previously worked with our Vice-President of Exploration on other intrusive-related gold deposits in the region and we welcome his expertise and experience. In addition to the drilling gaps and near-surface areas we've defined as priority within the resource area, we also have a commanding land package with a growing list of regional discovery targets, so we look forward to our collaborations with Dr. Riverin as we prioritize next phases of drilling and exploration at Douay."
The existing resources (RPA 2019) at Douay are part of a large intrusive-hydrothermal-related gold system, but the Company's extensive land package covers multiple horizons prospective for several other deposit types including orogenic gold and volcanogenic massive sulphide (VMS).
Dr. Riverin is internationally renowned as an expert on the geology of volcanogenic massive sulphide deposits and is routinely invited as a speaker and lecturer on various aspects of the geology of such deposits, and on exploration technology. He has served as Executive Director of Exploration (North America) for Inmet Mining Corporation, President and CEO of Cogitore, President of Yorbeau and also as President of the Association de l'Exploration Minière du Québec. All three companies were active in the greater Douay area.
Summary of Maple Gold's Technical Advisory Committee
Maurice Tagami - Director & Chair of Technical Advisory Committee
- Metallurgical Engineer (University of British Columbia).
- VP, Mining Operations with Wheaton Precious Metals Corp. (since 2012).
- 35 years of experience in mining operations, engineering, construction and project development.
Gérald Riverin - Director, Technical Advisory Committee
- Ph.D. Geologist (Queen's University) with 40+ years of exploration experience.
- Former District Geologist and Executive Director of Exploration (North America) for Inmet.
- Received the prestigious Prospector of the Year award from QMEA for new VMS discovery in the Chibougamau region.
David Broughton - Technical Advisory Committee
- B.Sc. and M.Sc. from the University of Waterloo and a Ph.D. from the Colorado School of Mines.
- Former Executive Vice-President Exploration with Ivanplats (now Ivanhoe Mines) and remains a Senior Advisor, Exploration and Geology for Ivanhoe Mines.
- Winner of Thayer Lindsley and AME BC's Colin Spence awards for world-class discoveries.
Stock Option Grant
In conjunction with the new director appointment, the Company has granted 300,000 incentive stock options that are exercisable at a price of $0.10. The options have a 5-year term and vest one-third immediately, one-third 12 months from the date of grant and one-third 24 months from the date of grant until the options are fully vested. The Company's Stock Option Plan governs these incentive options, as well as the terms and conditions of their exercise, which is in accordance with policies of the TSX Venture Exchange.
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 km² Douay Gold Project is located along the Casa Berardi Deformation Zone (55 km of strike) within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project benefits from excellent infrastructure and has an established gold resource that remains open in multiple directions. For more information please visit www.maplegoldmines.com.
ON BEHALF OF MAPLE GOLD MINES LTD.
B. Matthew Hornor, President & CEO
For Further Information Please Contact:
Mr. Joness Lang
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 prospective mineral potential of the Porphyry Zone, the potential for significant mineralization from other drilling in the referenced drill program and the completion of the drill program. Forward-looking statements are based on assumptions, uncertainties and management's best estimate of future events. Actual 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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