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Maple Gold Expands Its Douay/Joutel Property, Provides Winter Drill Program Update and Announces Annual Equity Incentive Plan Grants
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - Maple Gold Mines Ltd. (TSXV: MGM) ...
About this update from Maple Gold Mines Ltd
[{"type":"text","content":"Maple Gold Expands Its Douay/Joutel Property, Provides Winter Drill Program Update and Announces Annual Equity Incentive Plan GrantsVancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (\"Maple Gold\" or the \"Company\") is pleased to announce that it has staked an additional 128 mining claims totaling 7,175 hectares (72 square kilometres (\"km2\")) contiguous with the northern boundary of its 100%-owned Douay Gold Project (\"Douay\") and Joutel Gold Project (\"Joutel\") (together, \"Douay/Joutel\" or the \"Property\") located along the Casa Berardi-Douay Gold Trend in Québec, Canada. The newly acquired claims expand the Company's Douay/Joutel land holdings by ~17% within prospective Taibi Group sedimentary rocks. The Taibi Group represents a compelling new exploration target area for sediment-hosted gold deposits along a major lithotectonic boundary similar to the Casa Berardi and Canadian Malartic gold deposits.The Company is also pleased to report that its fully funded, 10,000-meter (\"m\") 2025 winter drill campaign at Douay (the \"Program\") has been increased to 12,000 m following recent positive drill results in the Nika Zone (see Company news release dated April 3, 2025). In addition, based on the Company's Quality Assurance and Quality Control (\"QA/QC\") protocols, 24 higher-grade samples from drill hole DO-25-338 that were previously reported using traditional fire assay with gravimetric finish were re-run using screen metallics and returned 2% to 5% higher gold values (see Table 1).The Company also announces that its Board of Directors has approved the issuance of annual equity incentive plan grants to certain employees, officers, directors and consultants.Strategic Land Expansion North of DouayMaple Gold staked an additional 128 mining claims totaling 7,175 hectares (72 km2) in late December 2024 and early January 2025, adding ~17% to the size of the Property and bringing the Company's total land position at Douay/Joutel to 905 mining claims totaling 48,146 hectares (481 km2). The newly acquired claims cover Taibi Group sedimentary rocks (included folded banded iron formations) immediately north of the regional gold-bearing Casa Berardi Deformation Zone (\"CBDZ\"), the northwestern projection of the Douay Deformation Zone (\"DDZ\"), which boun...