- Globex Mining (MGM) finds more good intercepts seen on Eagle Gold Mine property under option
- Maple has five follow-up holes where partial results were previously reported
- The company’s latest drilling in the northern splay of the main mine horizon has returned the best intercept to date
- EM-22-015 intersected 4.3 g/t Au over 3.9 m, demonstrating the potential for the North Mine Horizon to be wider than previously interpreted
- Assays are still pending for roughly 20 per cent of the company’s 2022 drilling at Eagle
- Globex Mining Enterprises (MGM) is trading at C$0.81, up 2.27 per cent at 10:05 am EST
Globex Mining Enterprises (MGM) informs of drilling by Maple Gold Mines on the Eagle Mine property.
Maple has five follow-up holes where partial results were previously reported, targeting northwest extensions of the main mine horizon and along multiple sub-parallel gold horizons.
Some highlights were drill hole EM-22-015. The hole intersected 10.3 g/t gold (“Au”) over 7.8 metres, including 41.1 g/t Au over 1.0 min the North Mine Horizon.
Further up-hole, EM-22-015 intersected 4.3 g/t Au over 3.9 m, including 6.6 g/t Au over 2.0 m.
This finding demonstrates the potential for the North Mine Horizon to be wider than previously interpreted.
Assays are still pending for roughly 20 per cent of the company’s 2022 drilling at Eagle.
“Drill results continue to support the company’s view that multiple sub-parallel gold horizons exist beyond what was historically mined at Eagle and have expanded our target areas along a broader mineralized corridor over a stratigraphic thickness that now exceeds 100 metres in width,” stated Matthew Hornor, CEO of Maple Gold.
“There is an apparent concentration of >10 g/t gold starting near the surface and extending down-plunge to the EM-22-015 intercepts along the North Mine Horizon in an area with limited drilling that remains open further down-plunge,” concluded Hornor.
Globex Mining Enterprises (MGM) is trading at C$0.81, up 2.27 per cent at 10:05 am EST.
