Maple Gold Mines Ltd V.MGM

The MGM month end news letter is out......

[ardbegoil]

Here it is "I hope you are enjoying the last weeks of summer. With autumn just around the corner, I would like to take this opportunity to look back at the exciting milestones we have achieved and look ahead to the multiple catalysts expected before quarter end. This month, we were pleased to release the initial 3D modelling results from the past-producing, high-grade Telbel Mine at the Joutel Gold Project. The MGM-AEM joint venture’s use of modern tools and technology has uncovered significant near-mine expansion potential that was not investigated during the 28 years since mine closure. Coming in on the heels of our acquisition of a 100% option on the adjacent Eagle Mine Property, these new modelling results cover a key segment of this now consolidated Eagle-Telbel Mine Trend. The results clearly demonstrate the size and grade potential of remaining gold mineralization beyond what was historically mined under much different market conditions, with today’s gold price ~5x higher than when the Telbel Mine closed in the early 1990’s. Shallower historical intercepts (e.g. 9.4 g/t Au over 4.8m, 5.0 g/t Au over 7.9m and 16.6 g/t Au over 2.2m) provide encouragement for extension opportunities within the previously unmined top 500 metres at Telbel.Importantly, the historical intercepts below the mined-out stopes (e.g. 57.2 g/t Au over 3.0m, 10.0 g/t Au over 13.1m, 53.8 g/t Au over 2.0m and 5.2 g/t Au over 15.7m) suggest a higher-grade tenor and expansion potential to depth. It is rare to be able to leverage over 250,000 metres of historic drilling (>3,400 holes) from a past-producing high-grade gold deposit, which alone represents ~C$75,000,000 in replacement value based on current all-in drilling costs, and to have the original mine operator as our JV partner to help unlock this project’s full potential. We are excited to now move to the fun part of defining targets and drilling themOutlook: Assay results from the remaining 16 holes of our 22-hole winter drill campaign at the Douay Gold Project are coming in and we expect to release these results next month. We are also updating our 3D model to incorporate data from the recently acquired Eagle Mine Property, which will enable us to systematically explore the trend and outline specific drill targets and Q4 drilling plans in the coming weeks. As you can see, September is setting up to be quite a busy month. The Maple Gold team will be attending (both in-person and virtually) and I will be presenting at next week’s Precious Metals Summit in Beaver Creek, Colorado. We look forward to engaging with current shareholders, new investors, and other corporates at this hybrid event. Since we were unable to accept all meeting requests due to extremely high demand, please do not hesitate to contact us directly at [e-mail]. As always, thank you for your continued support and interest in Maple Gold. Stay healthy, stay safe, and enjoy the rest of your summer. As always, thank you for your continued support and interest in Maple Gold. Stay healthy, stay safe, and enjoy the rest of your summer. Sincerely, 0103Maple Gold Mines WEB Matthew Hornor President & CEO