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Bullboard - Stock Discussion Forum 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... see more

TSXV:MGM - Post Discussion

Maple Gold Mines Ltd > The" majors" are presently looking for MGM types
View:
Post by ardbegoil on Jan 30, 2021 1:17pm

The" majors" are presently looking for MGM types

The majors like Barrick and Goldcorp have not been exploring for almost 2 decades and are now on the prowl for bigger new discoveries to keep their operations running...The rate being offered at todays gold prices is around $200 plus  per in ground oz of gold  and up to $400 per oz if gold reaches $3000.which is soon very possible.....That is discoveries of 5 million oz or more....Strip mine operations would probably command more than $200.....as they are cheaper to operate...Lets hope these next two drill programs can raise us up into the plus 5 million proven ounces and get some heads turning and possibly spinning....The infrastructure in place at MGM presently is actually the best I have seen in a long time...highways., on site roads,electical power,local available workforce and rail and almost 900 historical drilled holes and intact core samples....Hemlo,   just 1 km. off the trans Canada Hwy. was the last big developed mine with infrastructure close to what we have at MGM and that was 25 years ago...Go MGM Go ...Just one more thing....Very little deeper level exploration has been done at  Douay and all indications are it only gets better below just by whats been discovered all around MGM in the same formation......best to all
Comment by Bradwait on Jan 30, 2021 1:28pm
Great post. Its still fun to set up in a junior that has yet to hit. Look at ESK for example, was 23 cents a year ago and today at $2.40. Plays like this are fun. Its even better when they are in a great area that gives them a much higher chance of success such as the Golden Triangle in BC where it is well known VMS deposits happen in clusters. Look at the hits Skeena and ESK have been having ...more  
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