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Maple Gold Mines Ltd V.MGM

Alternate Symbol(s):  MGMLF

Metals & Mining Gold
Maple Gold Mines Ltd. is a Canada-based advanced exploration company. The Company is primarily involved in the exploration of mineral resources in Canada. Its projects include Joutel Gold Project, Douay Gold Project, Eagle Mine Project, and Morris Project. The Joutel Gold Project is 100% owned by the 50/50 joint venture between Maple Gold and Agnico Eagle Mines Limited (Agnico). The 39 square kilometers Joutel Project is located approximately 70 kilometers (km) southwest of Matagami and 125 km north of Amos. The Douay Gold Project is located in Quebec, Canada, approximately 2.5-hour drive north of Val d'Or 1.25 hours north of Amos via Highway 109. The Eagle Mine Project is a 77-hectare property located several kilometers west of the former mining town of Joutel in mining-friendly Quebec, Canada. The Morris is located approximately 30 km east-northeast of the town of Matagami and approximately 110 km north-east from the Douay camp.


TSXV:MGM - Post by User

Maple Gold Mines Ltd > "NO NEWS" Maple hits New Year LOW
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Comment by Angelique01on Nov 22, 2022 1:32pm
145 Views
Post# 35119294

RE:"NO NEWS" Maple hits New Year LOW

RE:"NO NEWS" Maple hits New Year LOW
Angelique01 wrote: The only outlier in the gold stocks I  follow is No News Maple.
All gold stocks to the green with notable exception. of MGM.  This on strong volume over 900k shares.  Either tax loss selling or someone justifiably getting fed up with no forthcoming drill results. Extremely cheap but when you see all the bargains out there in the gold sector I'm just not interested in buying  MGM especially with the failure to deliver on promise of constant news flow.  Leaves a bad taste in ones' mouth. 1 drill hole in 5 months doesn't cut it for a junior explorer.


Combine that with a resource estimate earlier this year at Douay which is unchanged from what it was in 2017(3m ounces);  less than stellar results from Douay, Eagle 1 and Eagle 2 (1 drill hole) not surprising we sit at under .15.
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