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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

Comment by ardbegoilon Feb 09, 2022 9:50pm
141 Views
Post# 34415096

RE:RE:Timeline for Assay Results for 2022

RE:RE:Timeline for Assay Results for 2022My thought is that since 2021 winter and fall programs  overlapped as far as sample return results are concerned results in some of the areas could be supportive of each other in their reporting and that is the delay....This whole property is so enormous ounce estimates are only one component and MGM doesn't really have to convince bankers or investors outside Agnico whether they have a gold mine or not.....In fact this project could go ahead without  a PEA  even with all the experienced geologists between the various mine projects under this giant umbrella..MGM is going for full value for us and them and it may be best not to show all your cards too quickly.....MGM wants Agnico to trigger their $40 million exploration contribution as quickly as possible so that is probably the reason for the drilling accelleration and year round campaign that has already commenced,,,Drills turning will eventually be a sourse of contiuous results pouring in and each meter gets us closer to a mine....best to all
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