Maple Gold Starts Phase 3 Drilling at Eagle

Maple Gold Mines (TSX.V: MGM)

Announced that a third drill rig has been secured to commence a 5,000 metre Phase III drill program at its 100%-controlled Eagle Mine Property.

The third rig is expected to arrive at site by mid-October, keeping the Company on track to complete approximately 30,000 m across its district-scale property in Québec by year-end.   Continue reading

Maple Gold Reports Autumn Drill Results at Douay

Maple Gold Mines Ltd. (TSX.V: MGM)

Reported final assay results from the autumn 2021 drill program at the Company’s Douay Gold Project in Quebec, Canada. (50/50 JV with Agnico Eagle Mines).

The JV completed a total of seven holes and roughly 3,420 m, with every hole intersecting multiple intervals of >1 gram per tonne gold/  […]   Continue reading

Maple Gold Increase Douay Mineral Resources

Maple Gold (TSX.V: MGM)

Reported positive results of an updated Mineral Resource Estimate for the Douay Gold Project in Quebec, Canada, which is held by a 50/50 JV between the Company and Agnico Eagle Mines Limited.

Total contained gold ounces at Douay have increased along with further conversion from Inferred to Indicated Resources categories based on successful exploration and infill drilling. […]  Continue reading

Mining Review Weekly Update 19th December 2021

City Investors Circle – Mining Review 19th Dec 2021

The price of gold is still gyrating between $1760 and $1810, as the FOMC meeting comments are absorbed by the market, and sentiment changes by the day.

Ascot Resources, Cabral Gold, Canuc Resources, Neometals, and Orla Mining all made significant announcements this week. Continue reading

Maple Gold Mines plan Drill Program at Eagle

 Maple Gold Mines Ltd. (TSX.V: MGM)

Announced plans for a 2,500-3,000 metre Phase I drill program based on the recently completed 3D geological and structural model at the Company’s 100% controlled Eagle Mine Property in Quebec, Canada.

The past-producing Eagle-Telbel Mine Trend, which produced 1.1 million ounces of gold between 1974 and 1993 […] Continue reading

Mining Review Sunday Update 10th October

Mining Review Sunday Update 10th October

Another poor week for gold, until the US job numbers reported a big miss versus expectations, and then gold ended firmer slightly down from the previous week.

Colonial Coal rose again, as the price of coking coal remains at elevated levels amid reports that some Chinese power plants are burning coking coal due to a shortage of thermal coal. Continue reading