- Maple Gold Mines (MGM) has resumed drilling at the Douay gold project after a short break
- The first drill rig is on site and a second is expected to arrive in early December
- The fall and winter drill campaigns will test targets across the Douay and Eagle Mine properties
- Maple Gold Mines Ltd. is a Canadian advanced exploration company
- Maple Gold Mines Ltd. (MGM) is up 2.82 per cent, trading at $0.365 per share
Maple Gold Mines (MGM) has resumed drilling at the Douay gold project after a short break.
Now, the company has commenced its fall 2021 drill program with the first drill rig on site. A second drill rig is expected to arrive in early December to commence a Phase I drill program at the Eagle Mine property.
Drilling will continue with two rigs through Q1 2022 to test additional targets as part of the planned winter 2022 drill campaign.
Matthew Hornor, President and CEO of Maple Gold, commented on the in-progress and upcoming exploration work.
“We are incredibly excited to get the drills turning again at Douay and also look forward to testing high priority targets at Eagle in a matter of weeks,” he said.
Maple Gold plans to drill up to 20,000 metres across its 400-square-kilometre property during the next six months.
“Based on the JV’s exploration success last season,” added Mr. Hornor, “we anticipate generating compelling drill results that advance the company’s mineral potential across multiple deposits.”
Initial drilling at Douay will be focused in the Nika and 531 Zones to follow up on exceptional results from the maiden winter 2021 drill campaign. Results from the winter program included 8.8 g/t gold over 28.5 metres.
Fall 2021 drilling will also include multiple holes located approximately 600 metres to the east of the Central Zone conceptual pit limits as defined in the 2019 mineral resource estimate. The Central Zone is on the northern flank of the Douay mineral resource along a major structure or shear zone.
The company announced that additional details on the Phase I drilling program at Eagle and the JV’s planned winter 2022 campaign will be released in the coming weeks.
Maple Gold Mines Ltd. is a Canadian advanced exploration company. The company is in a joint venture with Agnico Eagle Mines to advance the district-scale Douay and Joutel gold projects in Quebec’s Abitibi Greenstone Gold Belt.
Maple Gold Mines Ltd. (MGM) is up 2.82 per cent, trading at $0.365 per share as of 3:59 pm ET.