Maple Gold Mines Ltd V.MGM

MAPLE GOLD HAVE WE UNCOVERED THE MYSTERY AT DOUAY?

[moneywagon]

Maple Gold takes fresh look at DOUAY

https://www.maplegoldmines.com/images/pdf/Maple_Gold_Takes_Fresh_Look_at_Douay.pdf




 

 

BY TRISH SAYWELL

[e-mail]

AMOS, QUEBEC

Over the last four decades, a series of owners have carved out a resource of nearly three million ounces of gold

below the 30 metres of overburden that blankets the Douay project in the Abitibi greenstone belt of northwestern Quebec.

But the structures controlling the distribu- tion of that gold — 2.8 million inferred ounces from 83.33 million tonnes grading 1.05 grams gold per tonne —
remains largely a mystery.

“It’s complex structurally — I don’t think there’s been a really concerted effort to try to understand what controls the gold mineraliza- tion,” Fred Speidel, Maple Gold Mines’ (TSXV: MGM; US-OTC: MGMLF) new vice-president of exploration, says on a recent tour of the property. Speidel and his colleagues at Maple Gold Mines are determined to find out.

The junior has assembled a world-class team — several of whom, like its new president and CEO Matthew Hornor — cut their teeth working for Robert Friedland’s Ivanhoe group.

Hornor spent more than a decade within the Ivanhoe family of companies and has brought with him Ivanhoe alumni David Broughton as a director and head of Maple Gold Mines’ technical committee, along with Jay Chme- lauskas, as chairman.

Broughton worked for Ivanplats (now Ivan- hoe Mines [TSX: IVN; NYSE: IVN]) from January 2008 through October 2016 and was co-awarded PDAC’s Thayer Lindsley and AME’s Colin Spence awards for world-class discoveries at Kamoa in the Democratic Republic of the Congo and Flatreef in South Africa.

Chmelauskas headed up Jinshan Gold Mines for five years in China’s Inner Mongolia region,

Fred Speidel, Maple Gold Mines’ vice-president of exploration, holds a map at the Douay gold project in Quebec’sAbitibigreenstonebelt. MAPLEGOLDMINES

before Ivanhoe sold its 42% stake in the company to China National Gold Group, in 2008. The mining executive, who prior to Maple Gold Mines was CEO of Western Lithium before its merger with Lithium Americas, continues to work on special projects for the Ivanhoe private equity arm HPX.

“We come from the Ivanhoe world where excellence was demanded every second of the day,” says Hornor. “We’re occupying every single position with the most excellent of people to

make sure this thing is a screaming success.” And like Ivanhoe, the culture at Maple Gold Mines is to embrace trial and error as a neces-

sary part of making discoveries.
“You have to have an open mind, you have to

be prepared to let people test targets,” Brough- ton tells analysts and investors attending a tour of Douay in November. “I was given that opportunity when I was working for Ivanhoe in places like South Africa and Congo. Those deposits wouldn’t have been found if we hadn’t..................

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[ikny]

this is a old article...refers to new president Horner....why post it?

[E30S14]

My guess is this guy bought some shares at 0.15 not too long ago, is already under water, and is now desperately trying his hardest to pump MGM. If you can pump this dog to 0.34, I'll sell you my shares. Anyone up for some chopped scallop cones?

[moneywagon]

WOW that's all the iinformation you were able to absorb rom that article is a change in CEO?? And the person that gave you thumbs up DOUBLE WOW!! Nothing about the 3 million ounces in the pit? Nothing about the massive land package? Nothing about the huge historical core samples??/ I can't stooop that low sheesh!!! GOOD MORNING LONGS