- Maple Gold Mines (MGM) has released the results from its winter drilling campaign at the Douay Gold Project in Quebec
- The average grade of mineralization at the Douay West Zone, where the initial drill hole was completed, is significantly higher than the overall Douay mineral resource
- Additional assay results for the winter 2021 program will be released on a periodic basis over the coming months
- Maple Gold Mines is a Canadian advanced exploration company
- Maple Gold Mines Ltd. (MGM) is down 1.59 per cent and is currently trading at $0.31 per share
Maple Gold Mines (MGM) has released the results from its winter drilling campaign at the Douay Gold Project in Quebec.
The project is located within the Abitibi Greenstone Gold Belt and is a joint venture with Agnico Eagle Mines.
The company received initial assay results from the first drill hole of the campaign, which was an infill hole drilled on the eastern side of the Douay West Zone.
Matthew Hornor, President and CEO of Maple Gold, stated,
“We are pleased to have achieved the JV’s original target of approximately 10,000 metres during this winter drill campaign despite COVID- and weather-related challenges, and to have the first drill hole return such promising results.”
Highlights from the first drill hole included:
- 3.80 g/tonne Au over 15 m, including 4.51 g/t Au over 11 m, corresponding to known near-surface mineralization;
- 1.45 g/tonne Au over 3 m; and
- 2.98 g/tonne Au over 5 m, corresponding to the actual hole target.
Fred Speidel, VP Exploration remarked,
“These latest results not only confirm the continuity of higher-grade, near-surface mineralization at the DW Zone, but more importantly support the interpretation of the presence of a further, lower zone of mineralization at or below the current conceptual pit floor.”
The average grade of mineralization at the Douay West Zone is significantly higher than the overall Douay mineral resource.
Additional assay results for the winter 2021 program will be released on a periodic basis over the coming months once they are received, vetted, and interpreted.
Maple Gold Mines is a Canadian advanced exploration company focused on advancing the district-scale Douay and Joutel gold projects in Quebec’s prolific Abitibi Greenstone Gold Belt.
Maple Gold Mines Ltd. (MGM) is down 1.59 per cent and is trading at $0.31 per share as of 2:28 pm ET.