⬇️ Newsletter ⛏ We hope your summer has been an enjoyable one and that our Canadian followers were able to spend quality time with friends and loved ones over the recent long weekend. Maple Gold has been busy at all three of our Qubec projects (50/50 JV with Agnico Eagle at the Douay and Joutel Gold Projects and 100%-controlled Eagle Mine Property), while continuing to enhance the Company’s capital markets profile with additional research/media coverage and investor outreach during the past month.
July Highlights:
• Mining Share Update – Brien Lundin’s Gold Newsletter (July 1)
• Paradigm Capital’s mining analyst Lauren McConnell initiated research coverage on Maple Gold (July 8)*
• Video interview completed with [paid promotional message] (July 11)
• Announced Mag-EM survey results that identified new precious and base metals targets across the western half of Douay and all of Joutel (278 km² in total), which the JV is currently ranking and prioritizing for future drill testing (July 19)
• Research updates on the Mag-EM survey results from Paradigm Capital and Agentis Capital (July 19), and from Noble Capital Markets (July 20)*
• The JV recently hosted a site visit with a renowned structural geologist who focused on the structural controls on mineralization and the unique potential for combined intrusion-related, orogenic and VMS deposits to all be hosted within the consolidated 400 km² Douay-Joutel property package (July 21-22)
• Eagle Phase II drilling was nearing completion at month-end, with an expected total of ~5,500 metres (~4,000 metres planned)
• Mining Stock Daily (Mining Journal) podcast update with CEO, Matthew Hornor (July 27)
• Maple Gold’s CEO, Matthew Hornor, and SVP Growth Strategy, Kiran Patankar, presented to a packed house of high-net-worth mining investors at Stirling Merchant Capital’s Kelowna Capital Event in Kelowna, BC (July 28)
• After month-end, Maple Gold announced the mobilization of a second drill rig to commence an initial 6,000-metre deep drilling campaign starting in the Telbel Mine area at Joutel that will be funded as part of a previously announced C$4.8M supplemental Year Two JV exploration budget (August 3)
*To obtain recent research reports on Maple Gold please contact analysts directly (contact information can be found under the Analyst Coverage tab on the Company’s website).
While general market weakness continued in July, Maple Gold remains exceptionally well-positioned to create value during the second half of 2022.
“We are fortunate to have a very strong balance sheet, a world class strategic partner, an established and growing gold resource at Douay, and an underexplored past-producing mine complex at Joutel and Eagle. We are drilling more than planned during Phase II at Eagle and commencing the first drilling at Telbel since the 1990’s with aggressive 2,000-metre drill holes to test beneath and adjacent to the historically mined-out areas where previous drilling by Agnico Eagle and recent 3D modeling by the JV has identified the potential for remaining high-grade gold mineralization. Phase I deep drilling at Telbel, to be followed by Phase I deep drilling at Douay in Q4 and early next year, is supported by an expanded C$4.8M Year Two JV exploration budget. Last, but not least, our recent Mag-EM results point to the tremendous exploration upside that remains across our district scale land package.”
-Matthew Hornor, President and CEO of Maple Gold Mines Ltd.
Key Takeaways from the Mag-EM Results
"A key pillar of our strategy is to focus drilling and exploration work in areas that exhibit potential for additional larger and higher-grade mineralized zones at Douay, while also testing the resource potential that remains along and beyond the entire past-producing Eagle-Telbel mine trend at Joutel. We are already drilling step-out and deep targets at both projects and these new Mag-EM survey results point to additional targets not only in the Eagle-Telbel mine area and along its lateral extensions, but also on the greater Douay property, where the Company previously identified VMS targets via prospecting in 2018. We look forward to testing this next set of targets in upcoming JV drill campaigns."
-Fred Speidel, VP Exploration of Maple Gold Mines Ltd.
Figure from July 19, 2022 press release: Highlighting 50+ individual VTEM targets grouped into 4 priority target areas on a residual magnetic base map.
Figure from July 2019, 2022 press release: Magnified plan view, Eagle-Telbel mine trend & Douay-Joutel property boundary – Identified conductive target areas and known/interpreted structures on a Tau dB/dt EM base map. Priority target areas for drilling are highlighted by red ellipses.
“The results of this survey identified several underexplored target areas which continue to support our thesis that MGM is not a “one-trick pony” when it comes to exploration potential. When we toured MGM’s properties in early June, we were struck by the multiple pulses of mineralization that have taken place over time, leading to a significant number of promising gold and base metal targets.”
-Lauren McConnell, Analyst at Paradigm Capital
“We are excited to see new EM targets documented 9km East of the Eagle/Telbel Mines. These gold deposits are associated with a discrete 250m long EM conductor(s). The geological setting is potentially gold-rich VMS as hosted by semi-massive to massive pyrite as hosted by carbonate chemical sediments (exhalites). In our view, the new targets to the east are prime walk-up drill targets.”
-Michael Gray, Analyst at Agentis Capital
Maple Gold Presents at the Kelowna Capital Event in Kelowna, BC
Maple Gold’s CEO, Matthew Hornor, and SVP Growth Strategy, Kiran Patankar, presented to a packed house of high-net-worth mining investors at Stirling Merchant Capital’s Kelowna Capital Event in Kelowna, BC on July 28.