05:36:03 EDT Tue 28 Mar 2023
Enter Symbol
or Name

Maple Gold Mines Ltd
Symbol MGM
Shares Issued 322,378,299
Close 2022-05-02 C$ 0.245
Recent Sedar Documents

Maple Gold files NI 43-101 report for Douay

2022-05-03 00:52 ET - News Release

Mr. B. Matthew Hornor reports


Maple Gold Mines Ltd. has filed a technical report in accordance with National Instrument 43-101 (Standards of Disclosure for Mineral Projects) for the Douay gold project and the Joutel gold project, which are both held by a 50/50 joint venture between the company and Agnico Eagle Mines Ltd. The technical report entitled "NI 43-101 Technical Report on the Douay and Joutel Projects, Northwestern Quebec, Canada," was prepared by SLR Consulting (Canada) Ltd. to support the disclosure of the updated Douay mineral resource estimate, with an effective date of March 17, 2022, and to document the exploration status of Joutel. The technical report is available on SEDAR and on the company's website.

Maple Gold's news release dated March 17, 2022, which is also available on SEDAR and the company's website, summarizes key results, assumptions and estimates contained in the technical report. The company is pleased to report that there are no material differences between the key results, assumptions and estimates contained in the news release dated March 17, 2022, and the content of the technical report filed today.

Qualified persons

The mineral resources disclosed in this news release have been estimated by Marie-Christine Gosselin, PGeo, an employee of SLR and independent of Maple Gold. By virtue of her education and relevant experience, Ms. Gosselin is a qualified person for the purpose of National Instrument 43-101. Mineral resources have been classified in accordance with CIM (Canadian Institute of Mining, Metallurgy and Petroleum) Definition Standards for Mineral Resources and Mineral Reserves (May, 2014). Ms. Gosselin, PGeo, has read and approved the contents of this press release as it pertains to the disclosed mineral resource estimates.

The scientific and technical data contained in this news release were reviewed and prepared under the supervision of Fred Speidel, MSc, PGeo, vice-president, exploration, of Maple Gold. Mr. Speidel is a qualified person under NI 43-101. Mr. Speidel has verified the data related to the exploration information disclosed in this press release through his direct participation in the work.

About Maple Gold Mines Ltd.

Maple Gold is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle to jointly advance the district-scale Douay and Joutel gold projects located in Quebec's prolific Abitibi greenstone gold belt. The projects benefit from exceptional infrastructure access and boast approximately 400 square kilometres of highly prospective ground, including an established gold resource at Douay (SLR 2022) that holds significant expansion potential, as well as the past-producing Eagle, Telbel and Eagle West mines at Joutel. In addition, the company holds an exclusive option to acquire 100 per cent of the Eagle mine property.

The district-scale property package also hosts a significant number of regional exploration targets along a 55-kilometre strike length of the Casa Berardi deformation zone that have yet to be tested through drilling, making the project ripe for new gold and polymetallic discoveries. The company is well capitalized and is currently focused on carrying out exploration and drill programs to increase resources and make new discoveries to establish an exciting new gold district in the heart of the Abitibi.

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