Maple Gold Thanks Former Directors
Montreal, Quebec--(Newsfile Corp. - June 27, 2018) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") would like to thank former directors, Gerald McCarvill, Edmund King and Akiko Levinson for their service and contributions to the Company.
Maple Gold's President and CEO, Matthew Hornor, stated: "Gerry and Ed have been significant contributors over a number of years and I'd like to personally thank both of them for their service to the Company. Gerry provided initial financing that created Aurvista Gold, so a special thanks goes out to him and we wish them both all the best."
Gerald and Edmund were both founders of Aurvista Gold (now Maple Gold Mines Ltd.) and served on the board of directors since the Company's inception in 2011. The acquisition of the Douay Gold Project and subsequent IPO and initial rounds of financing were led by Gerald and Edmund, both did not stand for re-election at the most recent AGM with the updated board of directors now at seven members.
Gerald McCarvill and Edmund King, former directors of the Company, stated: "We acquired the Douay Gold Project back in 2011 as we saw great potential to expand known resources and own one of the largest undeveloped and independently owned gold projects in Quebec. The market for gold exploration companies has been challenging for the majority of the time since the Company's inception, but we believe that Maple Gold is well positioned with a very competent technical team in place to guide the Company going forward."
In addition, Maple Gold would like to also thank Akiko Levinson, who served on the Company's board of directors for the past year. Akiko's contributions during a year of significant transition for the Company were greatly appreciated.
Maple Gold's President and CEO, Matthew Hornor, stated: "I'd like to also thank Akiko for joining the Maple Gold board for the past year. She has been a great contributor and we wish her great success with her other ventures."
About Maple Gold
Maple Gold is an advanced gold exploration company focused on defining a district-scale gold project in one of the world's premier mining jurisdictions. The Company's 377 km² Douay Gold Project is located along the Casa Berardi Deformation Zone within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project has an established gold resource1 that remains open in multiple directions, with excellent infrastructure and several large scale operating mines within this prolific mining district. Maple Gold has now completed a significant winter drill campaign to expand on the known Resource Areas and test new discovery targets within the Company's 55 km of strike along the Casa Berardi Deformation Zone. 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
VP, Corporate Development
Office: +1 416.306.8124
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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.
1 (Micon 2018) 479,000 ounces at 1.59 g/t Au (Indicated category) and 2,759,000 ounces at 1.02 g/t Au (Inferred category), using a 0.45 g/t Au cut-off grade. Please visit www.maplegoldmines.com or the Company's SEDAR filings for a copy of the Micon 2018 report.