Connect with us

Precious Metals

Maple Gold Mines Hits 195 Metres Of 1.28 G/T Gold

Maple Gold Mines Ltd. (TSXV: MGM) today reported the results from drilling their second hole of the completed winter drill
The post Maple Gold Mines Hits 195 Metres Of 1.28 G/T Gold appeared first on the deep dive.

Published

on

This article was originally published by The Deep Dive

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.

The post Maple Gold Mines Hits 195 Metres Of 1.28 G/T Gold appeared first on the deep dive.


tsxv

Gold

Resources Top 5: Investors froth over ASX copper plays amid bullish demand outlook

Miner OZ Minerals will pay Havilah (ASX:HAV) up to $405m for the 1.1Mt copper, 3.1Moz gold, and 23,200t cobalt Kalkaroo … Read More
The post Resources…

Continue Reading
Companies

Guy on Rocks: This small cap JV is right over the fence from Galileo’s new PGE discovery

The prospective horizons from GAL appear to trend on to ground held by the Mt Thirsty JV (50% Conico; 50% … Read More
The post Guy on Rocks: This small…

Continue Reading
Economics

Growth Scare Sparks Stock Chaos; Bonds & Bullion Jump As Bitcoin & The Buck Dump

Growth Scare Sparks Stock Chaos; Bonds & Bullion Jump As Bitcoin & The Buck Dump

This morning’s 8-sigma miss to the downside for Empire…

Continue Reading

Trending