NewsletterI hope this season of renewal finds you well. Spring is a time of plans and projects, and it was a very active month for the Maple Gold team on the project/corporate fronts.
The Company announced results from our Fall 2021 drill campaign at the Douay Gold Project on April 5th and provided an exploration update for Douay, Joutel and Eagle on April 21st.
Highlights include:
• Hole DO-21-316 at Douay intersected 1.54 g/t Au over 32.2 m (from 430.0 m downhole), including 4.63 g/t Au over 6.7 m within 2.13 g/t Au over 18.9 m. Results indicate down-plunge continuity of high-grade mineralized trends and resource expansion potential at depth in the 531 Zone.
• Hole DO-21-317 at Douay intersected three discrete gold zones: 5.58 g/t Au over 3.0 m (from 258.0 m downhole); 1.62 g/t Au over 16.0 m (from 284.0 m downhole); and 3.42 g/t Au over 8.0 m (from 369.0 m downhole). Results indicate multiple stacked gold zones that remain open in the 531 Zone.
• ~10,000 m have been drilled year-to-date and the Company expects to keep at least one rig active throughout 2022 with up to 30,000 m planned across the project portfolio.
• Phase I drilling at Eagle is now complete and assays are pending. The 8-hole Phase I program was designed to test a possible secondary shoot of mineralization adjacent to the historical Eagle main shoot. An additional hole (~960 m depth) is now being drilled and 3 additional sites (~1,350 m depth) are currently being permitted.
• ~5,500 m have been drilled year-to-date at Douay, including two of the deepest holes ever drilled at the project (DO-22-322: 1,036 m at the Nika Zone and DO-22-324: 1,161 m at the Douay West Zone).
• Phase I drilling targets in the Telbel mine area at Joutel have been defined and permitting is now underway.
Investors can look forward to initial Winter (Q1 2022) drilling results at Douay (not included in the 2022 resource estimate), initial results from Phase I drilling at Eagle, and Mag-EM survey results with additional drill targeting in the coming weeks. To view all 2022 news, click here.
Our executive team was pleased to attend Noble Capital Markets’ 18th Annual Investor Conference in Hollywood, Florida from April 19-21. President & CEO Matthew Hornor provided a corporate update and the team conducted 1-on-1 investor meetings and well-attended breakout sessions. Lucky raffle winners took home a ¼-oz Maple Leaf gold coin and a bottle of 24K gold-infused Canadian maple syrup!
Looking forward to May, Maple Gold will be attending the Vancouver Resource Investment Conference May 17-18 at the Vancouver Convention Centre. If you are in the Vancouver area and would like to attend, please email kbuchanan@maplegoldmines.com for a free investor pass. Space is limited, and passes will be given on a first-come, first-serve basis.
We appreciate your continued support and please stay tuned for more news, events, and updates!