Maple Gold Mines Ltd · TSXV:MGM
Maple Gold Mines — Investor Presentation (October 2021)
40 slides from Maple Gold Mines's investor presentation, October 2021
Slide 1: Corporate Presentation October 2021
CORPORATE PRESENTATION OCTOBER 2021
Slide 2: Disclaimer
DISCLAIMER Cautionary Notes Regarding Forward-Looking Statements This Corporate Presentation (“Presentation”) includes “forward-looking information” and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legisl
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Located in Quebec’s prolific Established and Growing Gold Strategic Partnership with Major Company Robust Balance Sheet Strong Institutional Abitibi Greenstone Belt Resource and a Past-Producing a Top Tier Gold Producer Management & Board Shareholders High-Grade Mining Camp 2.7
Slide 4: Why Quebec Rocks
WHY QUEBEC ROCKS Top Mining Jurisdiction: Consistently 1 ranked top 10 global mining jurisdiction.* 2nd largest gold producing province in 2 Canada: 35% of total production in 2019. M&A Hotspot: +$12 Billion in gold 3 transactions since 2013. Abitibi Greenstone Gold Belt Low-Cost Exploration: Signif
Slide 5: Remarkable Geological Setting
REMARKABLE GEOLOGICAL SETTING PAGE 5 5
Slide 6: Exceptional Infrastructure Access
EXCEPTIONAL INFRASTRUCTURE ACCESS 2.5-hour drive north of Val d’Or, Quebec along paved 2-lane provincial highway (Hwy #109), which runs through the property Next to 1 of 6 major power lines in the province 55 km SW of Matagami with skilled labour, local airport and rail access Douay covers ~
Slide 7: 50-50 Partnership with Agnico Eagle
50-50 PARTNERSHIP WITH AGNICO EAGLE NO. 1 GOLD PRODUCER IN CANADA & TOP 10 GOLD PRODUCER WORLDWIDE. Takes extremely conservative and measured approach to investments and asset acquisition. JV Definitive Agreement signed February 2021 MGM’s Douay Project and Agnico’s Joutel Project consolidat
Slide 8: Two Gold Projects – Established/Growing Resource & Past Producer
TWO GOLD PROJECTS – ESTABLISHED/GROWING RESOURCE & PAST PRODUCER DOUAY GOLD PROJECT (50%) JOUTEL GOLD PROJECT (50%) Third Largest Undeveloped Gold Resource in Quebec Hosts Agnico’s historical Eagle-Telbel Mining Camp Indicated: 8.6Mt @ 1.52 g/t Au for 422Koz Au Past production of 6.2 Mt at 6.5 g/t A
Slide 9: 100% Option on Eagle Mine Property Consolidates Eagle-Telbel Mine Trend
100% OPTION ON EAGLE MINE PROPERTY CONSOLIDATES EAGLE-TELBEL MINE TREND Maple Gold can acquire 100% of the Eagle Mine Property by completing EAGLE MINE PROPERTY (100% OPTION) payments totaling C$1.2 million in cash and shares over five years and incurring exploration expenditures on the Property of
Slide 10: Douay Project - Established Gold Resource
DOUAY PROJECT - ESTABLISHED GOLD RESOURCE • 2% NSR to Maple Gold over entire 357 km2 property package • 1% NSR to IAMGOLD on 11.9 km2 portion of property (covers only134k oz of resource) • 2017 Metlabs metallurgical results: Gold recovery via gravity followed by flotation averaged 89% (see appendix)
Slide 11: Significant Resource Expansion Potential
SIGNIFICANT RESOURCE EXPANSION POTENTIAL Significant resource expansion potential across large 6 x 2 km resource area Similar scale (footprint) as Canadian Malartic – largest gold mine in Canada Douay mineral resource occurs along major lithotectonic boundary (Casa Berardi North Fault) Sedimen
Slide 12: Drilling Successes Since RPA 2019 Estimate
DRILLING SUCCESSES SINCE RPA 2019 ESTIMATE • 19,000 m drilled (>15,000 m within the resource area) since RPA 2019 • Key drilling successes across several zones (NW, Douay West, Nika, Porphyry & 531) • Significant upside remains along Casa Berardi North Fault • Depth potential remains to be tested, w
Slide 13: Increasing Hit Rate at Douay with 5 of the Top 10 Intercepts
INCREASING HIT RATE AT DOUAY WITH 5 OUT OF THE TOP 10 INTERCEPTS TOP 20 DRILL HITS AT THE DOUAY GOLD PROJECT TO-DATE 4KM ACCESS ROAD (5 OF TOP 10 DRILL HITS DELIEVERED BY CURRENT MAPLE GOLD EXPLORATION TEAM) TO HWY 109 Rank Hole Year Length Area From To Interval Au g/t Accum 1 DO-05-04 2005 213.0 Po
Slide 14: H1/2021 JV Drill Campaign
H1/2021 JV DRILL CAMPAIGN Maiden JV drill program with Agnico Eagle consisting of ~10,000 m in 22 holes aimed at expanding resources and making new discoveries. DW Zone (Hole DO-21-294) intersected 15m @ 3.8 g/t Au and 5m @ 2.98 g/t Au Porphyry W Zone (Hole DO-21-295) intersected 1m @ 334 g/t
Slide 15: 2021 Drill Program Success – Nika Zone
2021 DRILL PROGRAM SUCCESS – NIKA ZONE Results returned 132 m of 1.58 g/t Au – top 5 grade-thickness intercept ever encountered at Douay. N-S cross section looking west, 25m corridor either side, showing >0.45 g/t Au blocks from RPA 2019 model. Blocks >1 g/t Au highlighted in red. Possible interpret
Slide 16: 2021 Drill Program Success – 531 Zone
2021 DRILL PROGRAM SUCCESS – 531 ZONE Results returned 28.5 m @ 8.8 g/t Au – another top intercept to-date at Douay (grade x thickness) Cluster of high reflectance visible gold grains at 307.6m in DO-21-310, part of sample interval grading over 8g/t Au. Note abundant silica content with crystal frag
Slide 17: Bonanza-Grade Gold Intersected at Douay in DO-21-295
BONANZA-GRADE GOLD INTERSECTED AT DOUAY IN DO-21-295 334 g/t 72.7 g/t Latest results from Douay included two separate spectacular intercepts from the western Porphyry Zone 334.0 g/t Au from 57m downhole (in-pit) and 72.7 g/t Au from 358m downhole (well north of current RPA pit in Taibi group sed
Slide 18: Section of High Grade in DO-21-295 (W Porphyry Zone)
SECTION (OBLIQUE VIEW) OF HIGH GRADE IN DO-21-295 (W PORPHYRY ZONE) Oblique section view of DO-21-295 (100m total width), looking NW Up-dip or up-plunge extension of deep bonanza zone remains largely undrilled; same holds true for 600m interval along strike to ESE: northern limit of Porphyry Zon
Slide 19: Significant Depth Extension Potential at Douay
SIGNIFICANT DEPTH EXTENSION POTENTIAL AT DOUAY Average vertical drill depth at Douay less than 400 metres Mines in the Abitibi renowned for vertical continuity Casa Berardi, Goldex and Canadian Malartic mines all have known resources/mineralization down to 1,500-2,000 metres* Per RPA, potent
Slide 20: A Modern Approach to Unlock Value at Historic Mining Camp
A MODERN APPROACH TO UNLOCK VALUE AT HISTORIC MINING CAMP AEM’s contribution of the Joutel Gold Project to the Douay/Joutel JV gives MGM exposure to the past-producing Telbel Gold Mine which closed in 1993 when gold was trading around $360/oz. Past production from the camp (1974 to 1993): 1.15 Moz
Slide 21: History of the Joutel Mine Complex in Northwest Quebec
HISTORY OF THE JOUTEL MINE COMPLEX IN NORTHWEST QUEBEC Joutel was largely forgotten during the past 28 years since mine closure… UNTIL NOW PAGE 21
Slide 22: Significant Gold Intercepts Beyond Mined Out Stopes at Telbel
SIGNIFICANT GOLD INTERCEPTS BEYOND MINED OUT STOPES AT TELBEL The main Eagle-Telbel Mine Trend is located along the volcanic-sedimentary contact, with additional mineralized trends present to the north (Harricana Target Trend) and to the south (Eagle West Target Trend). Maple Gold will expand the 3D
Slide 23: District-Scale Eagle-Telbel Longitudinal Section
DISTRICT-SCALE EAGLE-TELBEL LONGITUDINAL SECTION A Data-Rich, High-Grade Gold Project with Significant Near-Mine Expansion Potential PAGE 23 PAGE 23
Slide 24: High-Grade Intercepts Beyond Mined-Out Areas at Telbel
HIGH-GRADE INTERCEPTS BEYOND MINED-OUT AREAS AT TELBEL Historical drill intercepts ABOVE mined-out stopes Historical drill intercepts BELOW mined-out stopes (from surface to 500 m depth) (below 1,000 m depth) Vertical Depth Drill core length Gold grade Grade x Thickness Vertical Depth Drill core len
Slide 25: Longitudinal Section Focusing on Eagle Mine Area
LONGITUDINAL SECTION FOCUSING ON EAGLE MINE AREA • Results indicate an opportunity to extend mineralization beyond the mined-out stopes and along observed sub-parallel gold trends that were never mined nor adequately tested. • Significant historical drill intercepts in areas that have seen only limi
Slide 26: Longitudinal Section Focusing on Top 500 Metres at Telbel
LONGITUDINAL SECTION FOCUSING ON TOP 500 METRES AT TELBEL • Initial targets will be designed to follow up on shallow, high-grade intersections above the mined- out areas of the Telbel deposit and to confirm the continuity of the gold mineralized structures Shallow Targets Note: Drill hole traces and
Slide 27: Significant Exploration Potential at Depth Below Mine Workings
SIGNIFICANT EXPLORATION POTENTIAL AT DEPTH BELOW MINE WORKINGS • Down-plunge targets represent a significant opportunity, with excellent high-grade intercepts below historic workings remaining open at depth Note: Drill hole traces and some of the intercepts extend beyond the main Telbel Mine horizon
Slide 28: Major Catalysts - FY2021
MAJOR CATALYSTS - FY2021 H1/2021 H2/2021 Sign Definitive JV Agreement with Agnico Eagle Joutel: Release Initial 3D Modelling Results (Phase II) Douay: Fall 2020 Drill Program Results Douay: Final Winter 2021 Drill Program Results Douay: Complete IP & Winter 2021 Drill Programs Eagle Mine
Slide 29: Capital Structure, Financial Position & Ownership
CAPITAL STRUCTURE, FINANCIAL POSITION & OWNERSHIP As of August 15, 2021 Share Ownership Mix Shares Outstanding 321.5M 2.7% Warrants1 56.9M 12.1% Options2 23.8M Management/Insiders/Closely Related Fully Diluted 405M 44.2% Agnico Eagle Mines 52-week high/low share price $0.56-$0.13 Market Capitalizati
Slide 30: Key Management & Advisors
KEY MANAGEMENT & ADVISORS Matthew Hornor Joness Lang Kiran Patankar Fred Speidel David Broughton President & CEO Executive VP SVP Growth Strategy VP Exploration Technical Advisor Extensive expertise in B.Com/Finance background 12+ years of senior 30+ years exploration Former Executive VP,
Slide 31: Board of Directors
BOARD OF DIRECTORS Sean Charland Matthew Hornor Gérald Riverin Michelle Roth Maurice Tagami Chairman President & CEO, Director Director & Technical Advisor Director Director & Technical Advisor • Capital markets professional • Extensive expertise in • Internationally renowned • Entrepreneur and busi
Slide 32: Why Invest in Maple Gold Mines?
WHY INVEST IN MAPLE GOLD MINES? PAGE 32
Slide 33: Contact Information
CONTACT INFORMATION GOLDMINES SUITE SOO O: +1(647) 265.8688 111 WEST HASTINGS STREET F: +1 (416) 306.8141 VANCOUVER, BC VGE 2J3 E: INFO@MAPLEGOLDMINES CANADA : VW: MAPLEGOLDMINES.COM < _— OTCQB: PAGE 33
Slide 34: RPA Resource Breakdown by Zone at Douay
RPA RESOURCE BREAKDOWN BY ZONE AT DOUAY Mineral Resources at Douay Deposit per Zone as of October 23, 2019 PAGE 34
Slide 35: 2021 Drill Program Success – DW Zone (Douay)
2021 DRILL PROGRAM SUCCESS – DW ZONE (DOUAY) Winter 2021 Maiden JV Drill Program with Agnico Eagle: designed to expand the existing Douay mineral resource by both step-out and discovery drilling as well as to upgrade resources with several infill holes. • First hole from DW Zone (Hole DO-21-294) int
Slide 36: 2021 Drill Program Success – 531 Zone (Douay)
2021 DRILL PROGRAM SUCCESS – 531 ZONE (DOUAY) Results from four step-out holes indicate the potential for additional gold resources to be added beyond the current 2019 RPA 531 Zone underground mineral resource with additional step-out drilling. Plan map on first vertical derivative airborne magnetic
Slide 37: Preliminary Metallurgical Results at Douay
PRELIMINARY METALLURGICAL RESULTS AT DOUAY Preliminary gravity/flotation test on Douay samples • 2017 Metlabs Study: samples were evaluated with direct cyanidation, flotation and gravity recovery methods. Results were as follows: • Average gold gravity recovery was 26% • Average whole ore leach reco
Slide 38: Largest Mines in Abitibi
LARGEST MINES IN ABITIBI PAGE 38 38
Slide 39: The Canadian Hub for Mining
THE CANADIAN HUB FOR MINING The Abitibi belt stretches from Wawa in Ontario to Chibougamau in Quebec – two of Canada’s top mining jurisdictions and hotbed for M&A activity. MAPLE GOLD PAGE 39 39
Slide 40: Quebec Abitibi M&A Activity
QUEBEC ABITIBI M&A ACTIVITY The Region has Produced more than ~$12B in M&A Activity since 2013 PAGE 40 40
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