Maple Gold Mines Ltd V.MGM

Alternate Symbol(s): MGMLF

Metals & Mining Gold

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.

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Maple Gold Mines Ltd > Maple Gold March 2021 News - District Scale Gold Potential

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Post by Shylockreturnson Mar 31, 2021 1:57pm

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Post# 32915410

Maple Gold March 2021 News - District Scale Gold Potential

Dear Shareholder,

It has been an incredibly busy March for Maple Gold. We are pleased to have released results from our Fall 2020 drill campaign at the Douay Project earlier this week and while news flow has remained light due to bottlenecks at assay labs, there has been a flurry of activity behind the scenes with the JV making strides in advancing exploration work at both the Douay and Joutel gold projects.

At Douay, the JV’s Winter 2021 drill campaign is in progress with two rigs active in areas we believe have an excellent chance of adding to our resource size and revealing the initial potential of high-value targets. We are also cautiously optimistic about lab turnaround times improving and expect to report results through the late spring/summer months before we look at returning in the fall for more targeted drilling.

At the past-producing Joutel project, digitization of historical data from nearly 7,000 drill holes is nearing completion. This has been an exceptionally large endeavour for the JV, with teams of people converting stacks of historical paper records dating back to the 1960s into digital format. Upon completion of this work, the JV will be able to move towards 3D modeling of the historical data to see where mineralization remains so that the market can better appreciate the potential of this project. Concurrently, a large geophysical survey was completed at the project for additional project-wide targeting. Stay tuned for news on this project in the coming weeks.

In summary, lots of news flow is building up in the queue and we aim to update resources at Douay later this year, which will include results dating back to our Winter 2020 drill program.

We believe there is a lot to be excited about at Maple Gold and I invite you to stay up to date with us through Social Media and various upcoming conference events as we continue to share our story of building the next major Canadian gold story.

Sincerely,