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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

Post by ardbegoilon Jan 30, 2021 1:17pm
220 Views
Post# 32428654

The" majors" are presently looking for MGM types

The" majors" are presently looking for MGM typesThe majors like Barrick and Goldcorp have not been exploring for almost 2 decades and are now on the prowl for bigger new discoveries to keep their operations running...The rate being offered at todays gold prices is around $200 plus  per in ground oz of gold  and up to $400 per oz if gold reaches $3000.which is soon very possible.....That is discoveries of 5 million oz or more....Strip mine operations would probably command more than $200.....as they are cheaper to operate...Lets hope these next two drill programs can raise us up into the plus 5 million proven ounces and get some heads turning and possibly spinning....The infrastructure in place at MGM presently is actually the best I have seen in a long time...highways., on site roads,electical power,local available workforce and rail and almost 900 historical drilled holes and intact core samples....Hemlo,   just 1 km. off the trans Canada Hwy. was the last big developed mine with infrastructure close to what we have at MGM and that was 25 years ago...Go MGM Go ...Just one more thing....Very little deeper level exploration has been done at  Douay and all indications are it only gets better below just by whats been discovered all around MGM in the same formation......best to all
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