Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 behappyenjoyon Sep 01, 2019 12:13am
136 Views
Post# 30086828

Looking forward to September....

Looking forward to September....as it should be a busy month.  We should be hearing new numbers on the resource update; and remember, they are concentrating on QUALITY OUNZES.  5 million ounzes means nothing if the gold cannot be extracted at a profit.

According to the company's last update, they only completed 60% of their drilling, so look for an announcement on another drill campaign this fall.  I am sure they will follow up on priorities identified during the last campaign, which means that drilling at the 531 zone will be high on the list. Every drill campaign and examination of historical drill cores feeds their 3D model, allowing them to prioritize, saving time and money.  The end game is to present a profitable project to a suitor for a buyout, or a partner to build a mine.

I believe we have the right people for this project.  While I too get impatient with the slow process and lagging stock price, I am optimistic that patience will be rewarded.  GLTA


Bullboard Posts