Maple Gold Mines Ltd. (TSXV: MGM) today reported the results from drilling their second hole of the completed winter drill program at the Douay Gold Project in Quebec, Canada. The Douay Project is held by a 50/50 joint venture between Maple and Agnico Eagle Mines Limited.
Drill hole DO-21-282X intersected 132 meters of 1.58 g/t gold from 185.5 meters downhole, including 100.3 meters of 1.76 g/t gold from 185.5 metres downhole. The intersection was within a broader envelope of mineralization that returned 195 meters of 1.28 g/t gold from 152 meters downhole, and represents the best drill hole to date.
The drilling results are expected to further expand the company’s existing resources at the Nika Zone, both in-pit in the vicinity that is up-dip of hole DO-21-282X and below-pit, as 35% of the intersection is situated under the 2019 RPA NI43-101 resource estimate conceptual pit floor.
As a result of the strong assay result, the company has identified additional step-out targets for future drill programs.
Maple Gold Mines Ltd. last traded at $0.38 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
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