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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

Post by LbinLoLon Feb 14, 2024 2:38pm
192 Views
Post# 35880349

No news…

No news…My best guest would be that the Alamos transaction came as a surprise and management is trying to figure out a way to acquire the patch of land next to ours from Alamos. At the same time to try to respect the plan to cut cost. Because it would be ackward the first decision they take is to make an acquisition right after they said they want to save cash.. but who knew Alamos would do that transaction and not be interested with that patch of land next to ours, so technically saying they want to sell it.
For the exploration program I guess the record warm temperatures in Quebec is not getting the ground frozen enough to be able to do the drilling. Hopefully it's just an abnormally hot winter and not a new normal. I never imagined I would live a month of February with almost no snow, at least not for the next 20 years, but it did happen this year.
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