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.

TSXV:MGM - Post by User

Maple Gold Mines Ltd > Denial is not a river in Egypt

<< Previous

Bullboard Posts

Next >>

Comment by Yonexxon Aug 07, 2023 4:58am

122 Views

Post# 35575879

RE:Denial is not a river in Egypt

Cash was 8,000,000 CAD at the end of March. With no drilling, the burn rate is more like 300,000 CAD per month. So cash currently 6,000,000 CAD plus minus.

Agnico still has to spend 9.5 million CAD this year and next.

So I think we can roughly say we are funded for at least 1 drilling campaign for each of the 3 projects, well into 2024. Especially now their have most master holes done and we will see more wedge drilling.

<< Previous

Bullboard Posts

Next >>

Canadian government to fund Electric Royalties portfolio property