Maple Gold Mines Ltd. is pleased to announce that it has increased its previously announced non-brokered private placement financing to up to C$2,600,000 with support from one of its largest shareholders. On March 15, 2019 the Company announced its intention to raise up to C$2,300,000 in flow-through financing through the issuance of 18,400,000 common shares at a price of C$0.125 per share. The additional C$300,000 in [...]
Maple Gold Mines Ltd. has received permits for drill roads and drill pads and is now cleared to commence a planned 5,000 - 6,000 metre drill program. New mineralized zones defined during 2018 drilling at Nika, and in several areas with higher-than-expected grade intercepts at the Porphyry zone, both offer significant opportunities to add to the deposit resource base at higher-than-deposit average grades. This focused [...]
Maple Gold Mines Ltd. is pleased to announce that it has arranged a non-brokered flow-through financing for aggregate gross proceeds of C$2.3 million through the issuance of 18,400,000 common shares at a price of C$0.125 per share. Maple Gold's President and CEO, Matthew Hornor, stated: "This flow-through raise at a premium to market allows the Company to conserve hard-dollars while the new flow-through capital helps to [...]
Maple Gold Mines Ltd. has added $1.9M to its treasury after receiving its full 2017 tax credit refund from Revenu Québec. An upcoming winter 2019 drill program will test refined higher-grade targets generated from recently reported 3D modeling work. Mapping and gold deportment work will continue through the summer of 2019. A new resource update is expected in late Q1 and the Company plans to begin a Preliminary [...]
Maple Gold Mines Ltd. is pleased to announce that Roscoe Postle Associates has been retained to prepare a new resource estimate update on the Company's Douay Project. RPA provides services to the mining industry at all stages of project development and is one of the top three organizations ranked by number of resource estimation reports completed.[1] Maple Gold's President and CEO, Matthew Hornor, stated: "We look forward to [...]
Maple Gold Mines Ltd. has created a new 3D geological and structural model for its Douay gold project, located on the prolific Casa Berardi Deformation Zone near Val d'Or, Quebec. The Douay deposit currently contains 2,759,000 ounces Au in the inferred category and a further 479,000 ounces Au indicated using a 0.45 g/t Au cut-off grade [1]. The Micon 2018 resource does not include the new drill data from the winter 2018 [...]
Maple Gold Mines Ltd. has completed its first pass summer 2018 field mapping in the central part of the Douay Project . Very limited historical work has been completed previously in this portion of the Project. The objective of the mapping program was to identify alkaline intrusive-related gold , orogenic gold and/or volcanogenic massive sulfide "VMS" target areas for follow-up. The Casa Berardi mine and Estrades deposit [...]
Maple Gold Mines Ltd. is pleased to provide a general corporate update as the Company enters the final quarter of 2018. Maple Gold is currently completing a first pass regional mapping and sampling program in the outcrop-rich central third of the property to generate additional greenfield targets, while also working to integrate all of the new drill data from the 2018 campaign into updated sections, plans and 3D models [...]
Maple Gold Mines Ltd. is pleased to provide a highlights summary of the 2018 drilling campaign now that all assays have been received. The 2018 winter drilling campaign included 21,122 metres of diamond drilling from 52 holes and 1,471.3 metres from 57 short top-of-bedrock Reverse Circulation holes for a total of 22,593 metres. Approximately 70% of the total meterage was within or near the known Resource Area, defined as [...]
Maple Gold Mines is pleased to report the final drill results from the NW Gap Area, i.e. the area between the NW, Douay West and Porphyry Zones, which includes the new Nika Zones. There were a select number of historical drill-holes drilled in the NW Gap Area from 2011 to 2017 inclusive by Aurvista Gold , but due to the limited drill density, this area represented a high-priority target for new discoveries and potential [...]
see corresponding section below Converted 479,000 ounces at 1.59 g/t Au to Indicated category Additional 2,759,000 ounces at 1.02 g/t Au in the Inferred category Completed 22,606 metres of drilling : 21,122 metres of diamond drilling from 52 holes and 1,484 metres from 57 short top-of-bedrock holes Drilling to-date : Extended existing zones at depth and laterally Discovered new mineralized zones within conceptual pits [...]
Maple Gold Mines is pleased to report additional drill results from the eastern half of the Porphyry Zone within the current Resource Area at the Douay Project. Within this area a total of sixteen infill and step-out holes were drilled in 2018, with all assays now received. The highlighted results below are from holes that were drilled in an area with lower drill density , so the opportunity exists to define additional [...]
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