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Maple Gold Mines Ltd V.MGM

Alternate Symbol(s):  MGMLF

Maple Gold Mines Ltd. is a Canadian-advanced exploration company. It is focused on advancing the district-scale Douay and Joutel gold projects located in Quebec's prolific Abitibi Greenstone Gold Belt. In addition, the Company holds an option to acquire 100% of the Eagle Mine Property, a key part of the historical Joutel mining complex. The Douay Gold Project is located over 55 kilometers (km) southwest of Matagami and 130 km north of Amos, Quebec, by road. The Joutel Gold Project is 100% owned by the 50/50 Joint Venture (JV) between Maple Gold and Agnico Eagle Mines Limited (Agnico). Joutel Gold Project is located approximately 70 km southwest of Matagami and 125 km north of Amos, Quebec, by road. The Eagle Mine Property is a 77-hectare property located several kilometers west of the former mining town of Joutel in mining-friendly Quebec, Canada. Its Morris property is located approximately 30 km east-northeast of the town of Matagami, or over 110 km north-east from the Douay camp.


TSXV:MGM - Post by User

Bullboard Posts
Post by ChiChi3on Jan 25, 2018 12:34pm
180 Views
Post# 27432936

Resource update moved up to Q1!

Resource update moved up to Q1!They had originally planned to provide a resource update mid-year. Why move it up 4-5 months when they won't have the results from the winter drill program? I speculate that they know they have some good news about the 2017 drill program and re-logging to report and are concerned it may be leaked out before they can do a full update. Looking forward to the update! Chi MONTREAL, Jan. 25, 2018 (GLOBE NEWSWIRE) -- Maple Gold Mines Ltd. (Maple Gold or the Company) (TSX-V: MGM) (OTCQB: MGMLF) (Frankfurt: M3G) is pleased to provide an update on timing for the next resource estimate update. The Companys last NI 43-101 Inferred Mineral Resource Estimate (2.8M Oz @ 1.05 g/t Au using a 0.5 g/t cut-off grade) was filed on April 11, 2017 (Micon 2017). The Companys technical team has modified and updated internal models in advance of the current drill campaign and has now engaged Micon International Ltd. to prepare a formal resource estimate update. None of the ~23,000 metres drilled in 2017 were included in last years estimate. In addition, a significant amount (~8,000 samples) of previously un-assayed historic core was assayed during Q4 2017 to improve resource modelling. Maple Golds senior geologists have now led the re-logging of more than 22,000 metres of drill core throughout the highest priority zones of the deposit. Maple Gold continues to update and modify its interpretation of the local geology. For all of these reasons, the Company is proceeding with an updated resource estimate in order to better reflect the current gold endowment at the Douay Gold Project. The Company expects the updated resource estimate to be reported within the coming weeks during Q1 2018. Read more at https://www.stockhouse.com/news/press-releases/2018/01/25/maple-gold-provides-status-on-expected-timing-for-updated-resource-estimate#uBrvsStZhoiGCiQq.99
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