Maple Gold Mines Ltd. is pleased to summarize the recently completed drilling and exploration work at the Company's Douay Gold Project. A total of 13 drill-holes and one drill-hole extension were completed for a total of 4,370 metres. Assays remain outstanding for 12 drill-holes . A brief summary of the various objectives and target concepts for the drill-holes with assays still pending is provided below : NW Zone: Single [...]
Maple Gold Mines Ltd. is pleased to announce that the Company's infill induced polarization lines at the Northeast IP Target now includes a 1,500m metre long drill-ready target area in the SW portion of a 3km corridor of chargeability anomalies, with both known local geology and Induced Polarization response interpreted to be favourable for new Vezza-type gold discoveries. The past producing Vezza mine, located 12 km to [...]
Maple Gold Mines Ltd. is taking a number of risk-mitigating measures in response to Covid-19, Provincial legislation and the current market conditions. Maple Gold's President and CEO, Matthew Hornor, stated: "The potential duration of turbulence in the capital markets as a result of the coronavirus pandemic remains unclear. We believe a number of macroeconomic factors point towards a very strong gold environment in the [...]
Maple Gold Mines Ltd. is pleased to provide an update and new exploration results for the 531 Zone. Maple Gold paused drilling after completing two holes at the 531 Zone and commenced drilling at other zones, given the potential impact new 3D Induced Polarization results could have on supporting the Company's current target concepts and prioritizing next drill sites at 531. Highlights from the recent work at 531 include [...]
Maple Gold Mines Ltd. is pleased to announce that the Company has received a Notice of Assessment from Revenu Quebec for $399,966 in tax refunds pertaining to qualified 2018 exploration expenditures. The Company has received the first installment of $325,644 from RQ, and expects to receive the balance in the coming weeks. Maple Gold is also planning to complete additional Artificial Intelligence work to update and expand [...]
Maple Gold Mines Ltd. is pleased to announce that a drill rig has been mobilized to the NW Zone where drilling has commenced with a single drill-hole to test the lateral continuity of near-surface high grade mineralisation. Following the completion of the NW Zone drill-hole, the Company plans to start drilling priority targets within the Nika Zone and western part of the Porphyry Zone . Fig. 1: Distribution of 2020 drill [...]
Maple Gold Mines Ltd. is pleased to announce that induced polarization work recently commenced at Douay, with the aim of establishing new high-grade discovery targets during the first quarter. One area prospective for new higher grade discoveries is located approximately 6km NE of the Douay deposit's 531 Zone. Several chargeability anomalies were defined during a 2019 IP survey, including a broad northern anomaly about [...]
Maple Gold Mines Ltd. is pleased to announce that the first drill rig has arrived at the Project and has begun testing priority high-grade targets at the 531 Zone . Last year Maple Gold created a new 3D model that guided the decision to drill at the 531 Zone, where no drilling had been completed since 2007. The lone drill hol e at the 531 Zone during the 2019 winter campaign cut two zones of mineralisation . During the [...]
Maple Gold Mines Ltd. is pleased to announce that it has closed the Second Offering from its previously announced non-brokered private placement for total gross proceeds of C$330,000. On December 23, 2019, the Company announced that it had arranged additional non-brokered flow-through financing for C$210,000 through the issuance of 1,500,000 common shares at a price of $0.14 per Flow Through Share and an additional [...]
Maple Gold Mines Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement for total gross proceeds of C$1,132,000 and has subsequently arranged an additional $330,000 in financing. On December 19, 2019 the Company announced that it had arranged a non-brokered flow-through financing for aggregate gross proceeds of C$1,008,000 million through the issuance of 7,200,000 common [...]
Maple Gold Mines Ltd. is pleased to announce that it has arranged a non-brokered flow-through financing for aggregate gross proceeds of C$1,008,000 million through the issuance of 7,200,000 common shares at a price of C$0.14 per Flow Through Share. The Company has also arranged up to C$124,000 in hard dollar private placement financing through the issuance of up to 1,550,000 shares at a price of C$0.08 per Share. Certain [...]
Maple Gold Mines Ltd. is pleased to announce that is has filed a National Instrument 43-101 Technical Report for the new Mineral Resource Estimate on the Company's Douay Gold Project, as prepared by Roscoe Postle Associates Inc. . The Technical Report is available for review on SEDAR and on the Company's website . The results of the new Estimate were originally presented in a news release dated October 24, 2019, which is [...]
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