Total
0
Shares
Maple Gold - CEO, Matthew Hornor
CEO, Matthew Hornor
Source: Cambridge House International
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Maple Gold Mines (MGM) has acquired two more claim blocks at the Douay Gold Project in Quebec
  • Maple Gold and Agnico have contracted Geotech Ltd. to complete a regional high-resolution airborne magnetic and electromagnetic survey across the property
  • The company has also appointed Wilma Lee as its new vice president of compliance and corporate secretary
  • Maple Gold Mines is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines
  • Shares in Maple Gold Mines Ltd. (MGM) are steady, trading at $0.335 per share

Maple Gold Mines (MGM) has acquired two more claim blocks at the Douay Gold Project in Quebec.

The Douay Gold Project is a joint venture between Maple Gold and Agnico Eagle Mines. The new claims lie within the western half of the Douay property, an area Maple Gold mapped, sampled, and drilled in 2018.

Now, Maple Gold and Agnico have contracted Geotech Ltd. to complete a regional high-resolution airborne magnetic and electromagnetic survey across the property.

The survey is designed to identify conductors that could indicate semi-massive and massive sulphide zones. It will also cover the entire Joutel Gold Project, including the Eagle-Telbel Mine Trend.

Matthew Hornor, President and CEO of Maple Gold, commented,

“We are now commencing a large airborne geophysical survey that will provide valuable data across the entire western half of our district-scale land package to support VMS targeting at Douay as well as sulfide-hosted high-grade gold targeting at Joutel.”

Results from the new Mag-EM survey are expected to be received in late 2021 and will support winter 2022 and subsequent drill targeting.

In addition to these announcements, Maple Gold has also appointed Wilma Lee as its new vice president of compliance and corporate secretary.

Ms. Lee brings almost 25 years of experience in a corporate legal capacity with private and public companies.

Effective immediately, Ms. Lee will take the place of Rona Sellers in her new position as a key member of the Maple Gold team.

Maple Gold Mines is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines.

Together, the companies are advancing the district-scale Douay and Joutel gold projects located in Quebec’s prolific Abitibi Greenstone Gold Belt.

Shares in Maple Gold Mines Ltd. (MGM) are steady, trading at $0.335 per share as of 9:35 am ET.

More From The Market Herald

" Search Minerals (TSXV:SMY) announces $5M private placement

Search Minerals (SMY) is conducting a non-brokered private placement for gross proceeds of up to $5,000,000.

" DLP Resources (TSXV:DLP) updates proposed private placement

DLP Resources (DLP) intends to complete an offering of up to 2,000,000 FT units for gross proceeds of $500,000.

" Advance United Holdings (CSE:AUHI) launches the Advance United Marketplace

Advance United Holdings (AUHI) has introduced a platform for owners of mineral commodities to connect with developers and producers.

" Vision Lithium (TSXV:VLI) acquires lithium property in Quebec

Vision Lithium Inc. (VLI) has closed its acquisition of a 100 per cent undivided interest in 215 contiguous mining claims in Quebec.