Slide 1: Technical Presentation – February 2020
TECHNICAL PRESENTATION – FEBRUARY 2020
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: Outline
OUTLINE Vision Infrastructure Project History 2019 Resource Estimate Overview Geology and Mineralisation 3D Model Selected 2019 highlights 2020 Plans and Takeaways PAGE 3
Slide 4: Vision
VISION MGM’s vision is to create significant shareholder value in the world’s premier mining jurisdiction, by optimising existing mineral resources while continuing to test additional gold discovery targets throughout the property. The action plan includes: ‐Drilling within the known resource ar
Slide 5: Infrastructure & Nearby Deposits
INFRASTRUCTURE & NEARBY DEPOSITS Douay Gold Project* Indicated: 422,000 @ 1.52 g/t Au Inferred: 2,352,000 @ 1.03 g/t Au 355 km2 Project *Contained gold from resource estimate at 0.45 g/t cut‐off grade. Please refer to press release dated October 24, 2019 PAGE 5
Slide 6: Project History Overview
PROJECT HISTORY OVERVIEW VIOR VIOR MAPLE GOLD 354 DDH (99,800m) discovery of 102 DDH (30,100m) New team of industry experts. 531 and Douay West Zones “Porphyry Zone” discovered New resource expansion & Douay West PEA completed Douay West Open Pit discovery targets. (357kt @ 7.2 g/t Au) Feasibility C
Slide 7: Project History: 2018 & 2019 Drill Highlights
PROJECT HISTORY: 2018 & 2019 DRILL HIGHLIGHTS NW Zone Nika Zone N Central Zone 105X 218 Porphyry Zone Main Zone Douay West Zone 2018, 2019 drill‐holes 216 Historic Holes Conceptual Pits (RPA 2019) 247 >0.45 g/t Au 531 Zone 262 500m` DO‐18‐216: 52m of 3.53 g/t Au (Porphyry) – PR May 2 DO‐18‐218: 50m
Slide 8: RPA 2019 Resource Estimate Overview - Base Case
RPA 2019 RESOURCE ESTIMATE OVERVIEW - BASE CASE Only ~130 kOZ SUBJECT to 1% NSR Held by Cambior (IAMGOLD PAGE 8
Slide 9: RPA Resource Estimate – Cutoff Grade Sensitivity
RPA RESOURCE ESTIMATE – CUTOFF GRADE SENSITIVITY Pit‐constrained Resources only Pit Indicated Pit Inferred Cut-off Tonnes Grade Metal Content Cut-off Tonnes Grade Metal Content g/t Mt Au (g/t) Au (koz) g/t Mt Au (g/t) Au (koz) 0.25 11.6 1.22 454 0.25 116.5 0.69 2596 0.35 9.9 1.38 438 0.35 86.6 0.83
Slide 10: RPA 2019 Resource Estimate: Conceptual Pits
RPA 2019 RESOURCE ESTIMATE: CONCEPTUAL PITS • Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may also be materially affected by other relevant factors or issues. The mineral resource estimate has been prepared without r
Slide 11: RPA 2019 Resource Estimate Classification
RPA 2019 RESOURCE ESTIMATE CLASSIFICATION • Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may also be materially affected by other relevant factors or issues. The mineral resource estimate has been prepared without ref
Slide 12: RPA 2019 Resource Estimate: UG
RPA 2019 RESOURCE ESTIMATE: UG NW SE DW Zone Nika/NW Zones Porphyry Zone 531 Zone 500m NW‐SE longitudinal vertical section view (all zones) showing distribution of below‐pit‐ shell underground blocks above 1 g/t Au cut‐off. Only blocks within reporting shapes (green polygons) form part of inferred
Slide 13: Updated Wireframes (RPA 2019)
UPDATED WIREFRAMES (RPA 2019) N NW Zone Nika Zone Syenitic intrusive complex Other polygon colors are 2019 Central Zone RPA 0.1 g/t Au wireframes DW Zone Main Zone Porphyry Zone 531 Zone 1500m Note spatial coincidence of bulk of mineralisation with syenite‐dominant host rocks, as well as significanc
Slide 14: Property Geology
PROPERTY GEOLOGY N Resource Area Ata: Taibi Grp Acc: Cartwright Hills Grp Adoy: Douay Intrusive Complex I1Ca: Grandiorite to Diorite I3A: Gabbro ////: Tectonic Zones 5km Faults Note change in orientation of mostly EW Casa Berardi Deformation Zone in Douay Property Area, interpreted as a regional sca
Slide 15: Mineralisation Styles
MINERALISATION STYLES Contact style mineralisation in DO‐17‐150, north side of Douay West Zone; hematite‐K‐feldspar‐ altered and crackle brecciated syenite (2.3 g/t Au) in top two rows, and foliated and chlorite‐albite altered basalt below (1.58 g/t Au). NQ Core = 47.6mm diameter. Syenite‐hosted gol
Slide 16: Highest-Grade Intercept Discovered To-Date
HIGHEST-GRADE INTERCEPT DISCOVERED TO-DATE Central Porphyry Zone, DO‐05‐04: 2,888 g/t Au over 1.5m Abundant delicate visible gold associated with highly altered, siliceous brecciated syenite, a few meters above contact with carbonate‐hematite altered basalt (2005 drilling). Several additional areas
Slide 17: New 3D Model - 2D Representation
NEW 3D MODEL - 2D REPRESENTATION Representation of 3D structural model showing distribution of higher‐grade mineralised zones (red), within lower‐grade envelope (yellow), controlled by the two main sets of structures: the E‐W Casa Berardi set (grey) and the NW‐SE Douay set (blue). PAGE 17
Slide 18: 3D Model – Long Sections
3D MODEL – LONG SECTIONS NW‐SE long sections with drill‐hole traces, looking NNE, 25m projection corridor either side. Target areas shown as black ellipses/arrows. Section 100mN shows significant near‐surface mineralisation in Porphyry Zone. Section 0mN highlights two separate trends of higher grade
Slide 19: 3D Model – Higher Grade vs Syenite and Structure
3D MODEL – HIGHER GRADE VS SYENITE AND STRUCTURE NW Zone Nika Zone Casa Berardi Structures DW Zone Porphyry Zone Main Zone Higher grade mineralisation 531 Zone Syenite 2020 drill program (7000‐9000m) 2D image of 3D model showing distribution of higher grade mineralisation relative to syenite bodies
Slide 20: 2019 Drill Highlight: 531 Zone
2019 DRILL HIGHLIGHT: 531 ZONE S DO‐19‐262 N DO‐20‐269 Section 709050E Mineralised Looking West Overburden Zones Syenite Micon 2018 Pit DO‐19‐262 2.55 g/t Au over 28m D‐92‐41 1.47 g/t Au over 18.3m Basalt DO‐19‐262 2.82 g/t Au over 51m New Mineralised Zone 100m DO‐20‐269 and deepening of DO‐19‐262 r
Slide 21: Planned New Drilling at 531 – Targeting High-Grade
PLANNED NEW DRILLING AT 531 – TARGETING HIGH-GRADE Main Zone N 300m 531 Zone DO‐19‐262: 28m @ 2.6 g/t Au 51m @ 2.8 g/t Au RPA 2019 Pits DO‐20‐270 Higher Grade DO‐20‐269 >0.45 g/t Au intercepts Historical Collars Planned 2020 collars If initial 2020 drill results are positive, then the two drilling g
Slide 22: Potential Starter Pit Areas
POTENTIAL STARTER PIT AREAS NW Zone N Nika Zone 1km DW Zone Porphyry Zone Main Zone DO‐14‐145: 30.5m @ 3.85 g/t Au from 27.5m 70584: 43.2m 531 Zone Potential Starter Pit Areas @ 1.4 g/t Au 2019 RPA Pits from 79.3m Potential starter pit areas within RPA 2019 Whittle pits, on residual total field mag
Slide 23: Starter Pit Areas: DW Intercepts
STARTER PIT AREAS: DW INTERCEPTS Hole CE Rounded From To Interval Au g/t g/t*m 84631 704200 62.8 92.5 29.7 1.96 58.13 DO‐95‐06 704300 76.3 101.0 24.7 2.55 62.99 D‐123 704300 143.0 154.0 11.0 3.08 33.88 D‐124 704300 113.0 125.0 12.0 3.60 43.20 D‐110 704400 36.0 60.0 24.0 2.47 59.28 DO‐14‐145 704400 2
Slide 24: Starter Pit Areas: Porphyry Intercepts
STARTER PIT AREAS: PORPHYRY INTERCEPTS Hole CE Rounded From To Interval Au g/t g/t*m 70597 705800 119.6 200.6 81.0 1.26 102.01 70584‐0 705800 79.3 105.5 26.3 1.73 45.45 70586‐0 705900 112.9 150.5 37.6 1.25 46.94 DO‐19‐256 705900 77.0 93.0 16.0 1.57 25.12 DO‐19‐256 705900 77.0 93.0 16.0 1.57 25.12 DO
Slide 25: Priority Exploration Areas: Greenfield Targets
PRIORITY EXPLORATION AREAS: GREENFIELD TARGETS N North IP Target Douay Syenite Mafic Volcanics Ultramafic Volcanics Felsic Volcanics Sedimentary Rocks Granitoids Gabbros Known VMS horizons Gold targets Base metal targets Resource Area (RPA 2019) 3km Maple Gold continues to evaluate property‐scale ta
Slide 26: 2020 Exploration Plan (Drilling)
2020 EXPLORATION PLAN (DRILLING) NW N Nika DW 1km Porphyry Main RPA 2019 Pits Starter Pit Search Space 531 >0.45 g/t Au intercepts Historical hole collars Priority 2020 Sites PAGE 26
Slide 27: Potential Starter Pit Areas – Porphyry Zone
POTENTIAL STARTER PIT AREAS – PORPHYRY ZONE S N DO‐19‐256 P2020‐012 1.00 g/t Au over 11.0m Basalt 1.57 g/t Au over 16.0m Mineralised Zone Micon 2018 Pit Carbonatite 100m Syenite PAGE 27
Slide 28: 2020 Exploration Plan (IP) – Regional Context
2020 EXPLORATION PLAN (IP) – REGIONAL CONTEXT In addition to Vezza, the much larger Casa Berardi deposit (6.2Moz past production plus resources), occurs in a similar geological and structural context as Vezza. Casa Berardi is located some 40km West of the Douay property, with current reserve grades
Slide 29: 2020 Exploration Plan (IP)
2020 EXPLORATION PLAN (IP) 2020 infill lines Historical hole with silicified/pyritic sediments, N consistent with Vezza‐style mineralisation Casa Berardi North 1km Litho‐tectonic Interval for Vezza‐type 2020 test lines targets Main Zone Porphyry 531 Zone Zone PAGE 29
Slide 30: 2019 Results: NE Target IP, Inverted Section 16E
2019 RESULTS: NE TARGET IP, INVERTED SECTION 16E S N L16+00E Type (inverted) section from 2019 IP survey. Note narrow, structurally and/or lithologically‐controlled coincident resistivity low and chargeability high for the southern chargeability anomaly, in contrast with the broader chargeability hi
Slide 31: Path Forward
PATH FORWARD Expand 3D model to include geochemical and geophysical components associated with gold mineralisation, to further refine our targeting process and realize project upside. Execute drill program (in progress), including 1200‐2000m at 531 Zone, and additional ~7000m at Main, Porphyry,
Slide 32: Key Takeaways
KEY TAKEAWAYS Geologically a world class (Singer 1995 definition), alkaline‐intrusive related gold system with ~6km strike continuity, with largely undefined depth potential Largely royalty‐free established gold endowment (similarities to early stage Canadian Malartic deposit) Road‐accessible
Slide 33: For further information / potential partnership inquiries, please contact
For further information / potential partnership inquiries, please contact: Joness Lang or Fred Speidel VP, Corporate Development VP, Exploration jlang@maplegoldmines.com fspeidel@maplegoldmines.com C: 778.686.6836 C: 289.828.6973