Cartier Mobilizes Drill Rig to Advance High-Grade Gold Discovery

Cartier Resources (TSX.V: ECR)

Announced the deployment of a second drill rig at its 100%-owned East Cadillac property, located 45 km east of Val-d’Or.  

This expansion is part of Cartier’s ongoing 28,000-meters drill program targeting high-grade gold sectors.

 

 

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Cartier Resources

 

 

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Cartier Resources TSX.v : ECR
Stage Exploration
Metals Gold
Market cap C$28 m   @ 8 cents
Location Quebec, Canada
Website www.ressourcescartier.com

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Cartier Mobilizes Second Drill Rig to Advance High-Grade Gold Discovery on East Cadillac

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Val-d’Or, Québec – Octobre 1, 2024 –  Cartier Resources (TSX.V: ECR, FSE: 6CA) (“Cartier” or the “Company”) announces the deployment of a second drill rig at its 100%-owned East Cadillac property, located 45 km east of Val-d’Or.  This expansion is part of Cartier’s ongoing 28,000-meters drill program targeting high-grade gold sectors.

 

Highlights

 

  • The second drill is now active, focusing on the recently discovered high-grade gold VG10 Zone and extending exploration along the VG Structure over a 1.5 km strike. Approximately 35 shallow holes are planned.

 

  • The VG10 Zone, discovered in 2023, situated in the centre of East Cadillac, has been drilled successfully in 2024 with 60% of drilled holes contained visible gold. The best previous intercepts include:
  • 142.2 g/t Au over 0.5 m
  • 137.4 g/t Au over 0.5 m
  • 43.2 g/t Au over 1.0 m included within 15.7 g/t Au over 3.0 m
  • 30.2 g/t Au over 1.0 m

 

  • The first drill continues testing high-grade gold regional targets across the property.

 

Philippe Cloutier, President and CEO commented,

“We’re excited to accelerate exploration of high-grade gold zones on East Cadillac with the second drill.

 

“The consistency and grade of the VG9-VG10 Zones have been impressive, and we’re eager to expand their potential.  

“Meanwhile, our first drill continues to deliver encouraging visual results from regional targets.”

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To read the full news release, please click HERE

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The live gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds  no shares in Cartier Resources.

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To read our full terms and conditions, please click HERE

 

 

 



West Red Lake Gold Provides Project Update

West Red Lake Gold Mines (TSX.V: WRLG)

Provided a project update and an outlook on project advancement in the near to medium term for the Madsen and Rowan Mine projects, located in the prolific Red Lake Gold District of Northwestern, Ontario, Canada. 

 

 

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West Red Lake Gold Mines

 

 

West Red Lake Gold Provides Project Updates and Outlines Strategic Path Forward

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West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV:WRLG) is pleased to provide a project update and an outlook on project advancement in the near to medium term for the Madsen Mine and Rowan Mine projects located in the prolific Red Lake Gold District of Northwestern, Ontario, Canada.

 

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PATH FORWARD

  • Additional 35,000 metre (“m”) drill program planned for Rowan Property to commence in early 2024, adding second drill and to include systematic in-fill drilling and expansion drilling of high-grade zones and begin testing high priority drill targets at Mt. Jamie, Red Summit and the NT Zone.
  • Complete initial Preliminary Economic Assessment (the “PEA”) on entire portfolio of Properties by Q2 2024 (based on drilling cutoff date of Oct 1, 2023)
  • Complete updated Mineral Resource Estimate (“MRE”) at Rowan by Q4 2024 (to include all anticipated drilling up to Q3 2024)
  • Complete 3,000 m drill program at Wedge, aimed to expand deposit and complete MRE by Q4 2024
  • Complete 38,000 m underground drill program at Madsen Mine by Q4 2024
  • Complete 3,200 m of underground development by Q4 2024 for access and required infrastructure to support underground drilling.
  • Develop a connecting ramp between the East and West declines at Madsen to increase waste hauling capacity from the West ramp which previously crossed two public roads, further reducing operating costs.
  • Put the Madsen Mine back into production in 2025.

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Shane Williams, President, and CEO commented:

 

“The team has done a fantastic job since the beginning of 2023, achieving many major milestones in the relatively short life of the re-vamped West Red Lake Gold Mines.

 

“In a difficult market we have managed to complete key acquisitions, raise a considerable amount of capital to fund our growing ambitions and assembled a team of noteworthy professionals with a track record of success at both the management and board levels.

 

“We have enjoyed a tremendous amount of exploration success via the drill-bit at our Rowan project which we hope to replicate at some very exciting targets in and around our newly acquired Madsen Mine.

 

“The coming year will be a very active time for the Company as we lay the groundwork to execute on our vision to put the Madsen Mine back into production and continue to unlock significant value for our shareholders.”

 

To read the full news release, please click HERE

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds no shares in West Red LAke Gold Mines.

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To read our full terms and conditions, please click HERE



O3 Mining Reports Results from Upper Camflo

O3 Mining (TSX.V: OIII)

Announced that it has received the final results of its 1,806 metre drill program completed over the Upper Camflo area (North-West of the Kierens pit), within the Marban Alliance project, in Val-d’Or, Québec, Canada.

The program intersected 1.6 g/t Au over 1.5 metres in hole O3MA-23-503. 

 

 

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O3 Mining

 

 

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O3 Mining TSX.v : Olll
Stage Exploration
Metals Gold
Market cap C$106 m   @ C$1.45
Location Quebec, Canada

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O3 Mining Reports Results from Upper Camflo Drill Program, Marban Alliance

 

TSXV:OIII | OTCQX:OIIIF – O3 Mining

TORONTO,Aug. 24, 2023/CNW/ –O3 Mining Inc.(TSXV: OIII) (OTCQX: OIIIF) (“O3 Mining” or the “Corporation”) is pleased to announce that it has received the final results of its 1,806 metre drill program completed over the Upper Camflo area (North-West of the Kierens pit), within the Marban Alliance project, inVal-d’Or, Québec,Canada.

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Highlights:

  • O3 Mining drilledeight holes for a total of 1,806 metresover the Upper Camflo area along the up-dip extension of a gold-bearing structure identified during the compilation of historical exploration drilling completed by Barrick Goldon the former Camflo mine.
  • The Upper Camflo drill program tested an area of 800 metres along strike for near surface gold mineralization near the border of the property.
  • The program intersected 1.6 g/t Au over 1.5 metres in hole O3MA-23-503, associated with an andesite containing 5% quartz-calcite-pyrite veinlets

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O3 Mining’s President and CEO, Mr.Jose Vizquerra commented:

 “We are encouraged by the work completed on the Camflo deposit to date and are excited to continue our drill program over our Marban Alliance property to potentially expand resources.

 

“The results are in addition to the many gold zones found near the surface in the area. We hope that with further drilling we can demonstrate that these areas form the potential footprint of a larger deposit..”

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To read the full news release, please click HERE

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=======

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in O3 Mining

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To read our full terms and conditions, please click HERE



Cartier Highlights 15km Gold Potential at Chimo

Cartier Resources (TSX.V: ECR)

Presented an update of the potential for the Chimo Mine Project, comprising the Chimo Mine and East Cadillac properties, the latter of which was acquired in the spring of 2022.

The Project, 100% owned by Cartier, is located at 45 km east of the Val-d’Or mining camp. 

 

 

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Cartier Resources

 

 

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Cartier Resources

TSX.v : ECR

Stage

Exploration

Metals

Gold

Market cap

C$26.5 m   @ 9.5 cents

Location

Quebec, Canada

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CARTIER HIGHLIGHTS GOLD POTENTIAL OVER 15 KM STRIKE ON CHIMO MINE PROJECT

 

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Val-d’Or, August 3, 2023– Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) presents an update of the potential for the Chimo Mine Project (“The Project”), comprising the Chimo Mine and East Cadillac properties, the latter of which was acquired in the spring of 2022.  The Project, 100% owned by Cartier, is located at 45 km east of the Val-d’Or mining camp.

 

The favorable context for discovery of Chimo Mine type gold mineralization,  as defined by Cartier’s work over the past 10 years, occurs along a 15-km long east-south-east – west-north-west oriented strike.

The sector currently contributing to the Project’s recentPEA* andMineral Resource Estimate** occupy a 3.7 km long segment of which represents only 25% of this favorable strike length.

The favorable strike is marked by numerous historical drill hole intersections and several deposits, most only drilled to shallow depths, and all coincident within a string of MegaTEM anomalies.

 

Philippe Cloutier, President and CEO commented, 

“This 15-km long stretch shows significant potential to increase resources and discover new gold zones on the Project.

 

“Drilling programs are ready and the Cartier’s team is currently reviewing multiple scenarios to rapidly showcase the value of the Chimo Mine Project”

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To read the full news release, please click HERE

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=======

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds no shares in Cartier Resources

..

To read our full terms and conditions, please click HERE

 

 



Maple Gold Final Assays from PH1 Drilling at Douay

Maple Gold Mines (TSX.V: MGM)

Reported complete gold assay results from the first phase of deep drilling at the Douay Gold Project located in Québec, Canada, which is held by a 50/50 joint venture  between the Company and Agnico Eagle Mines Limited. 

 

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Maple Gold Mines

 

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Maple Gold TSX.V: MGM
Stage Exploration
Metals Gold
Market cap C$57 m   @ 17.5c
Location Quebec, Canada

 

 

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Maple Gold Reports Final Assays from First Phase of Deep Drilling at Douay and Provides Corporate Updates

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Vancouver, British Columbia–(Newsfile Corp. – August 3, 2023) –Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G)(“Maple Gold” or the “Company“) is pleased to report complete gold assay results from the first phase of deep drilling at the Douay Gold Project (“Douay”) located in Québec, Canada, which is held by a 50/50 joint venture (the “JV”) between the Company and Agnico Eagle Mines Limited.

At Douay, the JV completed a total of 5,793 metres (“m”) in three new holes and two extension holes during the first half of 2023. Four drill holes were designed as deep conceptual exploration holes to test for mineralization extensions at greater depths (up to ~1,600 m vertical depth) beneath Douay’s currently defined Mineral Resources, and the fifth drill hole was a shallower step-out hole to the east of the NW Zone.

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Highlighted Results and Key Takeaways:

  • All five drill holes intersected gold mineralization >1 g/t Au, with 10 intercepts >2.5 g/t Au and several broad (from ~59 m to ~221 m in length) low-grade intervals (averaging 0.1 to 0.3 g/t Au), demonstrating continuity of the gold system down to at least ~1,600 m vertical depth.
  • DO-23-332 and DO-23-326X both tested beneath the Porphyry Zone and returned the most compelling visual core observations with broad intervals of alteration and elevated fine grained pyrite mineralization. Such broad low-grade haloes, with multiple >1 g/t Au intercepts, are typical of the more peripheral parts of the Porphyry Zone.
  • DO-23-332 intersected 10 distinct intercepts of >1 g/t Au over at least 1.0 m. A broad (121 m) mineralized envelope with anomalous gold (0.31 g/t Au average) included intercepts of 3.6 g/t Au over 1 m, and 1.2 g/t Au over 10 m, including 3.3 g/t Au over 2 m. Additional 4.9 and 2.5 g/t Au intercepts over 1 m were obtained further up hole.

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Matthew Hornor, President and CEO of Maple Gold stated,

“This deep drilling program was developed to test the potential for a much larger gold system at Douay while also demonstrating continuity of mineralization beneath currently defined Mineral Resources.

 

“The average vertical depth of all previous drilling at Douay is roughly 300 m, with limited data below 500 m, so this first pass of deeper drilling was discovery-focused with the aim of bringing us one step closer to uncovering a new zone at depth.

 

“The program was successful from a proof-of-concept standpoint in demonstrating mineralization continuity up to four times deeper than Douay’s currently defined Mineral Resources.

 

“Given what we’ve encountered in the JV’s first deep drill holes, the Company remains highly encouraged and confident that our detailed interpretation and vectoring work will lead to promising follow-up targets to incorporate into future drill campaigns at Douay.

 

“To support these ongoing initiatives, I am delighted to welcome Josh Pelletier as the Company’s new Chief Geologist and believe that his strong structural geology and metallogeny background will help unlock value at our strategically located and district-scale project portfolio within Quebec’s Abitibi greenstone belt.”

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To read the full news release, please click HERE

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=======

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Maple Gold

..

To read our full terms and conditions, please click HERE



Cartier Cuts 3.2 g/t Au over 15 m at Chimo

Cartier Resources (TSX-V: ECR)

Announced drill hole results from the West Nordeau and West Chimo Mine sectors.

Notably, Cartier cut 3.2 gpt over 15 m. 

 

 

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Cartier Resources

Cartier Resources – Longitudinal section drill plan for 2022 – 2023 campaign,

 

 

 

Cartier Cuts 3.2 g/t Au over 15.0 m at Chimo Mine

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Val-d’Or, July 13, 2023– Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) announce drill hole results from the West Nordeau and West Chimo Mine sectors.

Drilling in the West Nordeau sector aims to increase resources in a future estimate (MRE5*), while drilling in the West Chimo Mine sector aims to discover new gold zones in a little-explored sector, located proximal to the underground infrastructures.

The Chimo Mine property, which is 100% owned by Cartier, is located 45 km east of the Val-d’Or mining camp.

 

Highlights of the press release

  • West Nordeau Sector / 5N Gold Structure / 5NE2 Gold Zone
  • 3.2 g/t Au / 15.0 m including 6.0 g/t Au / 3.0 m
  • 2.3 g/t Au / 7.0 m including 6.9 g/t Au / 1.0 m

  • West Chimo Mine Sector / 6N1 Gold Structure

  • 25.7 g/t Au / 0.8 m
  • 6.0 g/t Au / 2.0 m including 11.7 g/t Au / 0.6 m
  • 9.6 g/t / 1.0 m

 

 

 Philippe Cloutier, President and CEO commented

” Although drilling was suspended on June 2 due to forest fires in Quebec, numerous assay results are still pending from the laboratory.

 

“This suspension of drilling coincides with the achievement of the objectives of the first phase of 25,000 m, located between 100 m and 800 m depths.

 

“The results will be used to carry out the next phase located between 800 m and 1.6 km depths”

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To read the full news release please click HERE

.

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds no shares in Cartier Resources

..

To read our full terms and conditions, please click HERE



Cartier Drills 13.3 m of 2.5 g/t Au at Chimo

Cartier Resources TSX.V: ECR)

Has released drill hole results from the program that is in progress at the Chimo mine project.

The new results are from the West Chimo mine sector, located between the main underground infrastructures of the Chimo mine and up to 550 metres west of them.

 

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Cartier Resources drills 13.3 m of 2.5 g/t Au at Chimo

2023-06-06 10:08 ET – News Release

Mr. Philippe Cloutier reports

WEST CHIMO MINE SECTOR SHOWS NEW EXPLORATION POTENTIAL FOR CARTIER

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Cartier Resources Inc.TSX.V: ECR) has released drill hole results from the program that is in progress at the Chimo mine project. The new results are from the West Chimo mine sector, located between the main underground infrastructures of the Chimo mine and up to 550 metres west of them. The Chimo mine property, which is 100 per cent owned by Cartier, is located 45 kilometres east of the Val d’Or mining camp.

 

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Philippe Cloutier, President and CEO commented,

“These drill results in the West Chimo mine sector clearly reveal the discovery potential of this new exploration sector, adjacent to the underground infrastructures of the Chimo mine.

 

“This sector has limited historical exploration and the gold zones known to date must be drilled further to increase their dimensions in order to optimize the full potential for increasing the resources of the Chimo mine project.”

 

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West Chimo mine sector:

  • Continuity below the 4BW gold zone: Drilling intersected 3.7 grams per tonne Au over six metres, including 20.2 g/t Au over one m, and 1.6 g/t Au over 15 m, including 22.8 g/t Au over 0.5 m. These new results, located below the 4BW gold zone, demonstrate the continuity at depth in order to increase its dimensions and resources.
  • New gold-bearing intersections within the 5N structure: Drilling intersected 4.5 g/t Au over five m, including 14.7 g/t Au over one m, and 3.3 g/t Au over three m, including 7.4 g/t Au over one m. These new results, located 300 m west of the Chimo mine underground infrastructures, add to the historical results of 1.3 g/t Au over 13.7 m (drill hole 175-108) and 1.7 g/t Au over 7.8 m (drill hole 01-84-64) outlining the occurrence of a potential new gold zone.

New gold-bearing intersections within the 6 structure: Drilling intersected 2.5 g/t Au over 13.3 m, including 8.9 g/t Au over 0.5 m. These new results, located 350 m west of the Chimo mine underground infrastructures, add to the historical results of 1.6 g/t Au over 7.1 m, including 5.1 g/t Au over 0.5 m (drill hole 07-87-32) in the 6 gold structure.

 

 

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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=======

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds no shares in Cartier Resources

.

.

To read our full terms and conditions, please click HERE

 

.

 



O3 Mining Announces Corporate Updates

O3 Mining Inc.(TSX.V: OIII)

Announced a number of corporate updates.

The principal one being that exploration is restarting after the recent Quebec wildfires. 

 

 

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O3 MIning

 

 

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O3 Mining TSX.v : Olll
Stage Exploration
Metals Gold
Market cap C$106 m   @ C$1.45
Location Quebec, Canada

 

 

O3 Mining Announces Corporate Updates

 

TSXV:OIII | OTCQX:OIIIF – O3 Mining

TORONTO,June 16, 2023/CNW/ –O3 Mining Inc.(TSXV: OIII) (OTCQX: OIIIF) (“O3 Mining” or the “Corporation“) is pleased to announce the following corporate updates.

Download Press Release (CNW Group/O3 Mining Inc.)

Resumption of Exploration Activities

O3 Mining would like to provide an update on the Québec wildfires, further to our announcement on June 9, 2023 (See News Release dated June 9, 2023and entitled“O3 Mining Provides Update on Activities in Québec”). The government has permitted certain sectors to regain access to the Abitibi-Témiscamingue forests. Accordingly, O3 Mining will resume certain field mapping, prospecting, and drilling activities while restrictions continue to remain in place. We are continuing to closely monitor the status of the Québec wildfires to ensure the safety of our employees, contractors, partners and local communities and will provide updates as necessary.

Community Meeting – Marban Project

As a result of the Québec wildfires, the Corporation has rescheduled its neighbourhood community meeting to June 27, 2023 (see announcement of O3 Mining dated May 30, 2023 and entitled“Communication to the Community – Neighbourhood Meeting Marban Project“. We look forward to continuing to engage with our local stakeholders on O3 Mining’s ongoing activities regarding the Marban project. On-site, team members from different professions and areas of expertise will be on hand to answer questions and discuss the Marban project.

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A number of booths will be set-up at the meeting, arranged by topic, covering the following matters:

  1. Our progress of the Marban Project;
  2. Our planned exploration work ;
  3. Our Responsible Exploration Program;
  4. The  Federal and Provincial environmental assessment processes for the Marban project;
  5. Our community relations initiatives;
  6. Our currently-available job postings; and
  7. A participatory activity to map land use .

.

.

Establishment of an “At-The-Market” Equity Offering Program

The Corporation is pleased to announced that effective today, it has established an at-the-market equity offering program (the “Offering“) that allows the Corporation to issue and sell up to $10,000,000 of common shares in the capital of the Corporation (the “Common Shares“) from the treasury to the public, from time to time, at the Corporation’s discretion and subject to regulatory requirements.

All Common Shares issued under the Offering will be sold in transactions that are deemed to be “at-the-market” distributions as defined in National Instrument 44-102 –Shelf Distributions.

All Common Shares sold under the Offering will be sold through the TSX Venture Exchange or another marketplace (as defined in National Instrument 21-101 –Marketplace Operation) upon which the Common Shares are listed, quoted, or otherwise traded, at the prevailing market price at the time of sale. As Common Shares distributed under the Offering will be issued and sold at the prevailing market prices at the time of their sale or as otherwise permitted by law, prices may vary among purchasers and during the period of distribution.

.

To read the full news release, please click HERE

..

=======

.

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in O3 Mining

.

.

To read our full terms and conditions, please click HERE



Cartier Drilling at Chimo Shows Potential

Cartier Resources (TSX.V: ECR)

Announced drill hole results from the program in progress at the Chimo Mine Project.

The new results are from the West Chimo Mine sector, located between the main underground infrastructures of the Chimo mine and up to 550 m west of them.

 

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.

 

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Cartier Resources TSX.v : ECR
Stage Exploration
Metals Gold
Market cap C$26.5 m   @ 9.5 cents
Location Quebec, Canada

 

 

WEST CHIMO MINE SECTOR SHOWS NEW EXPLORATION POTENTIAL FOR CARTIER

 

Val-d’Or, June 6, 2023– Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) announces drill hole results from the program that is in progress at the Chimo Mine Project.

The new results are from the West Chimo Mine sector, located between the main underground infrastructures of the Chimo mine and up to 550 m west of them (FIGURE 1)

The Chimo Mine property, which is 100% owned by Cartier, is located 45 km east of the Val-d’Or mining camp.

 

 

Highlights of the press release

  • Continuity of the 4BW Gold Zone:

  • 3.7 g/t Au / 6.0 m including 20.2 g/t Au / 1.0 m
  • 1.6 g/t Au / 15.0 m including 22.8 g/t Au / 0.5 m
  • New Gold Intersections:

5N Gold Structure:

 

  • 4.5 g/t Au / 5.0 m including 14.7 g/t Au / 1.0 m
  • 3.3 g/t Au / 3.0 m including 7.4 g/t Au / 1.0 m

6 Gold Structure:

  • 2.5 g/t Au / 13.3 m including 8.9 g/t Au / 0.5 m
  • Two drills are currently operating on the property (however, drilling has been temporarily suspended since June 1, 2023 due to intense forest fire activity in Quebec)

 

.

Philippe Cloutier, President and CEO Cartier Resources stated;

“These drill results in the West Chimo Mine sector clearly reveal the discovery potential of this new exploration sector, adjacent to the underground infrastructures of the Chimo mine.

 

“This sector has limited historical exploration and the gold zones known to date must be drilled further to increase their dimensions in order to optimize the full potential for increasing the resources of the Chimo Mine Project.”

 

.

 

‘’West Chimo Mine’’ Sector(FIGURE 1):

 

  • Continuity below the 4BW Gold Zone

Drilling intersected 3.7 g/t Au over 6.0 m including 20.2 g/t Au over 1.0 m and 1.6 g/t Au over 15.0 m including 22.8 g/t Au over 0.5 m.  These new results, located below the 4BW Gold Zone (FIGURE 1), demonstrate the continuity at depth in order to increase its dimensions and resources.

 

  • New gold-bearing intersections within the 5N Structure

Drilling intersected 4.5 g/t Au over 5.0 m including 14.7 g/t Au over 1.0 m and 3.3 g/t Au over 3.0 m including 7.4 g/t Au over 1.0 m.  These new results, located 300 m west of the Chimo mine underground infrastructures, add to the historical results of 1.3 g/t Au over 13.7 m (Drill Hole 175-108) and 1.7 g/t Au over 7.8 m (Drill Hole 01-84-64) outlining the occurrence of a potential new gold zone.

 

  • New gold-bearing intersections within the 6 Structure

Drilling intersected 2.5 g/t Au over 13.3 m including 8.9 g/t Au over 0.5 m. These new results, located 350 m west of the Chimo mine underground infrastructures, add to the historical results of 1.6 g/t Au over 7.1 m including 5.1 g/t Au over 0.5 m (Drill Hole 07-87-32) in the 6 Gold Structure.

 

The geometry of the Chimo Mine gold system should present a certain symmetry on either side of the main mineralized sector, called the Main Chimo Mine sector. (FIGURE 1).  These drill results suggest the development of good discovery potential in the West Chimo Mine sector, which is located near the Chimo mine infrastructure and which has been very little explored to date.

.

To read the full news release, please click HERE

.

=======

.

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds no shares in Cartier Resources

.

.

To read our full terms and conditions, please click HERE



Wesdome Suspends Kiena Acitivities Due to Fires

Wesdome Gold (TSX: WDO)

Announced that the Company has temporarily suspended underground activities and surface exploration activities at the Kiena Mine in Val d’Or, Quebec, Amidst Forest Fires in Quebec and Ontario. 

 

 

.

Wesdome Gold mine location map

Wesdome Gold – mine location map

 

 

,

Wesdome Gold TSX : WDO
Stage Production, Development
Metals Gold
Market cap C$1 b   @ C$7.27
Location Ontario and Quebec, Canada

 

 

.

Wesdome Provides Update on Operations Amidst Forest Fires in Quebec and Ontario

08/06/2023

TORONTO, June 08, 2023 (GLOBE NEWSWIRE) — Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces that the Company has temporarily suspended underground activities and surface exploration activities at the Kiena Mine in Val d’Or, Quebec.

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Mr. Warwick Morley-Jepson, Board Chair and Interim CEO, commented

“The safety of our employees and contractors is always our first priority.

“At this point there are no fires within at least a 50 kilometre radius at Kiena, however the wind direction changed overnight and the plumes of smoke generated by these fires pose a potential risk to the well-being of our site personnel.

“Consequently, a proactive decision has been made to temporarily suspend underground operations, which will be evaluated on a shift-by-shift basis. Some essential surface activities such as operation of the mill, shaft maintenance and the placement of paste fill underground can continue safely.

“We are closely monitoring the situation in collaboration with local authorities and a dedicated fire watch crew. Production is not expected to be materially affected at this time. The situation being highly variable given the influence of the wind, further updates will be provided if and when material change is forecast.

“Importantly, no infrastructure or power supply systems at either operation has been affected, and Eagle operations are running as normal with the closest fire more than 100 kilometres away and there being no threat of smoke in the area at this time.

“On behalf of the team, we would like to extend our sincere gratitude to all firefighters and emergency workers for their tireless response to this difficult situation.”

.

To read the full news release, please click HERE

.

=======

.

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds no shares in Wesdome Gold Mines

.

To read our full terms and conditions, please click HERE



Maple Gold Outlines VMS Summer Field Program

Maple Gold Mines (TSX.V: MGM)

Provided an update regarding property-wide VMS targeting and plans for a summer field program at the Douay and Joutel Gold Projects located in Québec.

The properties are held by a 50/50 joint venture between the Company and Agnico Eagle Mines.

 

.

Maple Gold

Maple Gold project map, Quebec, Canada

 

.

Maple Gold TSX.V: MGM
Stage Exploration
Metals Gold
Market cap C$57 m   @ 17.5c
Location Quebec, Canada

 

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Maple Gold Outlines VMS-Focused Exploration Targeting and Summer Field Program

 

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Vancouver, British Columbia–(Newsfile Corp. – May 18, 2023) –  Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (“Maple Gold” or the “Company“) is pleased to provide an update regarding property-wide volcanogenic massive sulfide (“VMS”) targeting and plans for a summer field program at the Douay and Joutel Gold Projects (“Douay” and “Joutel”, respectively) located in Québec, Canada, which are held by a 50/50 joint venture (the “JV”) between the Company and Agnico Eagle Mines Limited.

The Company is also planning VMS exploration work at its 100%-owned Morris Project (“Morris”) located approximately 30 kilometres (“km”) east of the town of Matagami in Morris Township, Québec.

The JV’s primary focus remains on testing resource expansion targets at Douay and testing prospective near-mine extension targets in the Telbel mine area at Joutel.

However, the Douay and Joutel projects each have demonstrated potential for gold and base metals VMS mineralization, as is illustrated by a series of targets previously defined by field mapping and geophysical surveying across the combined 400 km² property package (see news from July 19, 2022).

Under the terms of the JV agreement, the partners agreed to jointly fund C$500,000 in exploration on VMS targets on the western portion of Douay (see news from February 3, 2021).

 

.

Summary of VMS-focused exploration and corporate initiatives:

  • The Company’s mapping, sampling and top of bedrock drilling during 2018 identified six (6) priority target areas for potential base metals and gold-rich VMS mineralization (see press release November 14, 2018).
  • The Company subsequently appointed Dr. Gérald Riverin, a recognized VMS expert with 40+ years of experience in the Abitibi Greenstone belt, to its board of directors and Technical Advisory Committee (see news from June 9, 2020).
  • In late 2021, the JV consolidated two (2) inlier claim blocks covering 22 claims and 12.3 km² of ground in the central portion of Douay in an area deemed prospective for zinc and copper mineralization (see news from October 19, 2021).
  • Also in 2021, the Company acquired 100% of Morris and completed preliminary ground geophysics and lithogeochemical sampling. In 2022 and 2023, the Company completed deep penetrating pulse electromagnetic (“PEM”) surveys that outlined a 3 km long conductive zone adjacent to a favorable rhyolite unit.
  • In 2022, the JV completed a regional airborne magnetic and electromagnetic (“Mag-EM”) survey to support exploration drill targeting, which identified 55 targets within four (4) primary target areas prospective for pyritic gold and VMS mineralization (see news from July 19, 2022). After geophysical review, sixteen (16) of these targets were selected for priority follow-up (see Figure 1).
  • In 2023, the Company appointed Paul Harbidge, CEO of Faraday Copper Corp., an emerging U.S. copper developer, to its Technical Advisory Committee to further strengthen the Company’s technical group and support gold and base metals exploration (see news from February 7, 2023).
  • The JV has recently hired Dr. Marina Schofield, an expert in volcanology, structural geology and VMS systems, to lead the Company’s VMS exploration efforts.

 

.

Matthew Hornor, President and CEO of Maple Gold stated 

“We have methodically built a pipeline of prospective gold and base metals VMS targets across the large >400 km² Douay-Joutel property package and have expanded our technical expertise in order to systematically evaluate and advance a VMS-focused exploration program.

 

“The past-producing high-grade Estrades zinc-gold mine is located just over 11 km to the west of Douay-Joutel and the same geologic horizon that hosted that mine appears to continue onto the western portion of the Douay property.

 

“Further to the southeast, historical regional exploration drilling along the Joutel Deformation Zone, east of the historical Eagle-Telbel deposits, has also returned anomalous zinc and gold values.

 

“We look forward to completing further cost-effective field work this summer to bring the highest priority VMS discovery targets to a drill-ready stage.”

.

To read the full news release, please click HERE

.

=======

.

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds no shares in Maple Gold Mines

 

To read our full terms and conditions, please click HERE



Cartier Resources C$2.7 m Financing

Cartier Resources (TSX.V: ECR)

Announced that it has completed a non-brokered private placement of aggregate gross proceeds of C$2,700,159 million.

Under the Private Placement, the Company issued 22,501,333 flow through common shares at a price of C$0.12 per FT Share. 

Cartier Resources Inc.

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Cartier Resources TSX.v : ECR
Stage Exploration
Metals Gold
Market cap C$26.5 m   @ 9.5 cents
Location Quebec, Canada

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Cartier Resources Completes a C$2.7m FT Financing

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VAL-D’OR, Québec, Oct. 28, 2022 (GLOBE NEWSWIRE) — Val-d’Or, Québec, October 28, 2022 – Cartier Resources Inc. (TSX.V: ECR) (“Cartier” or the “Company”) announces that it has completed a non-brokered private placement of aggregate gross proceeds of $2,700,159 million (the “Private Placement”).

Under the Private Placement, the Company issued 22,501,333 flow through common shares (the “FT Shares”) at a price of $0.12 per FT Share. The FT Shares will qualify as “flow through shares” for the purposes of the Income Tax Act (Canada) (the “Tax Act”).

The gross proceeds of the Private Placement will be used to incur “Canadian exploration expenses” which qualify as “flow through mining expenditures” (within the meaning of the Tax Act). The Company will renounce these expenses with an effective date no later than December 31, 2022 to the purchasers of the FT Shares.

In connection with the Private Placement, the Company paid a finder’s fee to Mine Equities Ltd., an exempt market dealer, comprised of an amount of $81,004 in cash and 900,053 common shares of the Company.

The closing of the Private Placement is subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a hold period of four months and one day in accordance with applicable Canadian securities laws.

.

About Cartier Resources Inc.

Cartier Resources is a Val-d’Or, Quebec based exploration company, where the company’s projects are all located.

Cartier is focused on advancing the development of its flagship Chimo Mine Project and actively exploring its other projects.

Following this financing, the Company increased its strong cash position to more than $8.5 M and has significant corporate and institutional endorsement, including Agnico Eagle Mines, O3 Mining and Quebec investment funds.

..

To read the full news release, please click HERE

.

.

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds No shares in Cartier Resources.

.

.

To read our full terms and conditions, please click HERE



Maple Gold 6,000m Joutel Drill Program

Maple Gold Mines (TSX.V: MGM)

Reported the mobilization of a second drill rig, while the first drill rig continues Phase II drilling at the 100%-controlled Eagle Project, to commence a 6,000 m deep drilling program at the Joutel Project in Quebec, Canada.

Joutel is held by a 50/50 joint venture between the Company and Agnico Eagle Mines.

 

.

Maple Gold TSX.V: MGM
Stage Exploration
Metals Gold
Market cap C$64 m   @ 19c
Location Quebec, Canada

 

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Maple Gold

Maple Gold project map, Quebec, Canada

 

 

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Maple Gold Adds Second Drill Rig to Commence 6,000-Metre Deep Drilling Program at Joutel

 

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Vancouver, British Columbia–(Newsfile Corp. – August 3, 2022) – Maple Gold Mines Ltd. (TSXV: MGM) (“Maple Gold” or the “Company“) is pleased to report the mobilization of a second drill rig, while the first drill rig continues Phase II drilling at the 100%-controlled Eagle Project, to commence a 6,000 metre (“m”) deep drilling program at the Joutel Project (“Joutel”) in Quebec, Canada, held by a 50/50 joint venture (“JV”) between the Company and Agnico Eagle Mines Limited.

This deep drilling program is expected to include three (3) drill holes in the Telbel mine area (“Telbel”) beneath and adjacent to the historical underground mine workings, which extend to roughly 1,200 m below surface.

Past gold production at Telbel focused on a single zone between 500 – 1,050 m; however, data digitization and 3D modeling have identified significant gold intercepts up to approximately 1,400 m below surface that remain open for follow-up exploration.

Deep drilling at Telbel will be funded as part of a previously announced C$4.8-million supplemental Year Two JV exploration budget (see news from May 18, 2022).

To control potential drill hole deviation, Aziwell Canada Inc. has been contracted to provide directional drilling support on an as-needed basis during the Telbel deep drilling program.

 

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Fred Speidel, VP Exploration of Maple Gold, stated:

 “We are excited to commence initial deep drilling at Telbel, marking the first drilling at Telbel since the early 1990s.

 

“Last year’s digitization and modelling work identified significant higher-grade (>5 g/t Au) mineralization extending beyond the mined-out stopes and has supported our drill targeting.

 

“The expanded Year Two JV budget provides us with the financial means to begin testing these compelling targets and near mine extensions at depth.”

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Initial Telbel Targets and Program Details

Maple Gold previously reported 3D modelling results for the main mine trend at Telbel after digitizing more than 250,000 metres of historical drill data (see news from August 16, 2021), which highlighted the potential for higher-grade gold mineralization above and below the historical underground mine workings, as well as additional discovery targets at a district scale (see Figure 1 below).

The deep drill program is expected to include one (1) drill hole that will be collared south of the main Telbel mine horizon and drilled to the north (S-N) and two (2) drill holes collared north of the target area and drilled to the south (N-S). This will provide valuable geological information by covering the entire stratigraphy of the mineralized system, and will also serve to test known sub-parallel mineralized zones that have not been fully explored in the past. Deep drilling will investigate mineralized trends with step-outs of over 350 metres from historical information

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About Maple Gold

Maple Gold Mines Ltd. is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines Limited 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 ~400 km2 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% of the Eagle Mine Property.

 

 

For brevity, this summary has been redacted, to read the full news release, please click HERE

 

.

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

.

.

To read our full terms and conditions, please click HERE



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/  […]  

 

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Maple Gold TSX.V: MGM
Stage Exploration
Metals Gold
Market cap C$87 m   @ 26c
Location Quebec, Canada

 

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Maple Gold Mines

 

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MAPLE GOLD REPORTS FALL 2021 DRILL RESULTS AT DOUAY, INCLUDING 4.63 G/T GOLD OVER 6.7 METRES WITHIN 1.54 G/T GOLD OVER 32.2 METRES AT THE 531 ZONE, AND MAKES EQUITY INCENTIVE PLAN GRANTS

 

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Vancouver, British Columbia–(Newsfile Corp. – April 5, 2022) – Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (“Maple Gold” or the “Company“) is pleased to report final assay results from the Fall 2021 drill program at the Company’s Douay Gold Project (“Douay” or the “Project”) in Quebec, Canada, which is held by a 50/50 joint venture (the “JV”) between the Company and Agnico Eagle Mines Limited.

The JV completed a total of seven (7) holes and roughly 3,420 metres (“m”) under the Fall 2021 drill program, with every hole intersecting multiple intervals of >1 gram per tonne gold (“g/t Au”).

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Highlights:

  • Drill hole DO-21-316 at the 531 Zone intersected1.54 g/t Auover 32.2 m(from 430.0 m downhole), including4.63 g/t Au over 6.7 mwithin2.13 g/t Au over 18.9 m.
  • DO-21-316 intercepts are located approximately 135 m down-plunge from the best intercept drilled to-date at the 531 Zone (DO-21-310; see news from September 9, 2021) and below the SLR 2022 NI43-101 Mineral Resource Estimate (“SLR 2022”) conceptual pit limits, indicatingdown-plunge continuity of high-grade mineralized trendsandresource expansion potential at depthin the 531 Zone.
  • Drill hole DO-21-317 intersected three discrete gold zones:5.58 g/t Au over 3.0 m(from 258.0 m downhole);1.62 g/t Au over 16.0 m(from 284.0 m downhole); and3.42 g/t Au over 8.0 m(from 369.0 m downhole).
  • DO-21-317 intercepts are located up-plunge relative to the DO-21-310 intercept and within a different stratigraphic horizon relative to DO-21-316 that is also favourable for gold mineralization, indicatingmultiple stacked gold zones that remain open.

..

 

Maple Gold management comments

“Our exploration team has delivered significant drill intercepts every year at the 531 Zone since 2019 when our targeting became supported by 3D modelling.

 

“These new intercepts further support our belief that there are multiple stacked gold zones with apparent cross-plunges that appear to be structurally controlled.

 

Demonstrated gold mineralization combined with a general lack of drilling has our team excited about the potential for the 531 Zone to deliver additional pit-constrained and underground resources as we continue with larger step-out and deeper drilling in 2022.”

 

Fred Speidel, VP Exploration of Maple Gold.

 

 

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Fall 2021 Drill Program Interpretation and Summary of Results

The JV’s Fall 2021 drill program included drilling in three separate areas (see Figure 1 for drill hole locations) outlined below with corresponding objectives:

  1. 531 Zone (3 holes): Targeting further up-plunge and down-plunge along one of the two main interpreted mineralized trends (see Figure 2).
  2. Central Zone (2 holes): Located 450 m and 650 m east of the SLR 2022 Central Zone conceptual pit and designed to test the eastern continuity of sediment-hosted gold mineralization and support further drilling along a 700 m drilling gap (see Figure 1).
  3. Nika Zone / Porphyry Zone Gap Area (2 holes): The Porphyry Zone and Nika Zone are geologically similar and these two drill holes were drilled in the gap area between these two zones and their respective SLR 2022 conceptual pits.

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Maple Gold

Figure 1: Douay plan view map highlighting Fall 2021 drill hole locations

To view an enhanced version of Figure 1, please click HERE

.

For brevity, this summary has been redacted, to read the full news release, please click HERE

.

=======

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

 

.

Disclosure

At the time of writing the author is a shareholder of Maple Gold Mines Ltd., bought in the market at the prevailing price on the day of purchase.

.

To read our full terms and conditions, please click HERE

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.



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. […] 

 

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Maple Gold TSX.V: MGM
Stage Exploration
Metals Gold
Market cap C$124 m   @ 34.5c
Location Quebec, Canada

 

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Maple Gold Douay Mine, Quebec.

Maple Gold Douay Mine, Quebec.

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MAPLE GOLD REPORTS UPDATED DOUAY MINERAL RESOURCE ESTIMATE; INDICATED RESOURCES INCREASE 21% TO 511,000 OZ AU AND INFERRED RESOURCES INCREASE 7% TO 2,525,000 OZ AU ON LIMITED DRILLING

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Vancouver, British Columbia–(Newsfile Corp. – March 17, 2022) – Maple Gold Mines Ltd. (TSXV: MGM) (“Maple Gold” or the “Company”) is pleased to report the positive results of an updated Mineral Resource Estimate (the “2022 MRE”) for the Douay Gold Project (“Douay” or the “Project”) in Quebec, Canada, which is held by a 50/50 joint venture (the “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, comprehensive mineralization modeling, and using higher cost and gold price assumptions compared to the RPA 2019 MRE[1].

/

Highlights from the 2022 MRE:

  • Pit-constrained Indicated Resources increased 21% compared to the RPA 2019 MRE1 to 511,000 ounces (“oz”) at an average grade of 1.59 grams per tonne gold (“g/t Au”) (from 422,000 oz at an average grade of 1.52 g/t Au)
  • Pit-constrained Inferred Resources increased slightly compared to the RPA 2019 MRE1 to 2,065,000 oz at an average grade of 0.94 g/t Au (from 2,045,000 oz at an average grade of 0.97 g/t Au)
  • Underground Inferred Resources increased 50% compared to the RPA 2019 MRE1 to 460,000 oz at an average grade of 1.68 g/t Au (from 307,000 oz at an average grade of 1.75 g/t Au)
  • Initial Indicated Resources in the Nika Zone(30,000 oz at an average grade of 1.13 g/t Au) and the 531 Zone (58,000 oz at an average grade of 2.85 g/t Au), resulting from significant intercepts[2] from the JV’s first drill campaign (see Figure 1 for zone locations)
  • Mineralized zones at Douay remain open for expansion and are largely untested below an average vertical drill depth of approximately 350 metres (“m”) (see Figure 2)
  • Ongoing drilling at Douay is primarily focused on exploration targets in areas with lateral and depth expansion potential that are not part of the 2022 MRE

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Discovery Costs

Since the RPA 2019 MRE, the Company and the JV have incurred an aggregate of approximately US$6.1 million in direct exploration expenditures. This equates to a discovery cost of approximately US$23/oz Au for the incremental resources defined in the 2022 MRE.

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Maple Gold management comments

“We completed two modest drill programs in 2020 amid a global pandemic and followed that up with a roughly 10,000-m maiden JV drill campaign in 2021 that, in line with our expectations, successfully converted Inferred to Indicated ounces and ultimately increased the overall gold endowment at Douay,

 

“Targeted infill drilling demonstrates the potential for future resource conversion within the currently defined mineralized zones and continues to de-risk the deposit; however, the updated model that underpins the 2022 MRE indicates significant room for growth.

 

“Looking ahead, the Company is targeting larger step-out and deeper drilling along the full extent of the Douay resource area.”

Matthew Hornor, President and CEO of Maple Gold.

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The 2022 MRE is based on a total Douay drill database of 674 holes (241,626 m) within the resource area, of which 38 holes (15,647 m) were completed by the Company and the JV between 2019-2021. Approximately 6,200 m of drilling has been completed by the JV since the 2022 MRE and roughly 10,000 m has been approved and permitted for future drilling, with additional step-out and deeper holes planned. For further clarity, Fall 2021 and Winter 2022 drilling results at Douay are not included in the 2022 MRE.

.

For brevity, this summary has been redacted, to read the full news release, please click HERE

.

=======

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.City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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To read our full terms and conditions, please click HERE

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O3 Mining Reports 96% Gold Recoveries at Marban

O3 Mining (TSX.V: Olll)

Reported excellent results of gold recovery test work conducted on drill core samples from its 100 percent owned Marban Project located in Val-d’Or, Québec, Canada.

Gold recoveries were 96%, above the PEA declared 93%.

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03 Mining TSX.V: OIII
Stage Exploration
Metal Gold
Market Cap C$162 m   @ $2.38
Location Val d’Or, Quebec + Ontario

 

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O3 Mining drill map

O3 Mining Reports Positive Metallurgical Results from Marban Engineering; 96% Gold Recoveries at Marban Pit

 

TSXV:OIII | OTCQX:OIIIF – O3 Mining

TORONTO, Feb. 8, 2022/CNW/ – O3 Mining Inc.(TSXV: OIII) (OTCQX: OIIIF)(“O3 Mining” or the “Corporation”) is pleased to report the results of gold recovery test work conducted on drill core samples from its 100 percent (“%”) owned Marban Project located in Val-d’Or, Québec, Canada.

The results were produced from the recent metallurgical testing program completed by Base Metallurgical Laboratories in Kamloops, British Columbia, under the overall supervision of Ausenco Engineering Canada Inc. (“Ausenco”).

Additionally, the Corporation has appointed Ausenco to lead the Pre-Feasibility Study (“PFS”) for the Marban project, which O3 Mining intends to have completed by Q3 2022.

Highlights From the Cyanidation Test Work

  • Overall gold extraction at Marban Pit South of 96.7%;Marban Pit North of 95.8%; Norlartic Pit of 91.2%; versus Preliminary Economic Assessment (“PEA”) overall gold extraction of 93.7%
  • Enhanced Gravity Recovery Gold testing resulted in 61%-65% recovery of gold
  • Recovery of gold achieved after 24 hours of leach time; versus PEA 28 hours
  • Average Bond ball mill work index at 13.2 kWh/t.

 

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O3 Mining  management comments

“We are very pleased the test work has confirmed excellent gold recoveries at the Marban project.

 

“Our test work supports and improves PEA assumptions of quick leach times, strong recoveries, and a simple flowsheet comparable to peers in theAbitibi-Témiscamingue region.

 

“These results provide an excellent foundation for the project and represent a significant milestone for the company as the Marban project moves towards the completion of the PFS. Additional metallurgical work is planned that will feed into in the final stages of the economic study.”

O3 Mining President and Chief Executive Officer, Mr. Jose Vizquerra

 

The metallurgical gold recovery test-work was conducted to assess the potential gold recoveries and optimum process flow sheet for the Marban Project. Testing started in late 2021 on composite and variability samples from the Marban and Norlartic pits and variability samples from North Zone, Norlartic-Kierens andGolden Bridge. The program included comminution testing, grind optimization, gravity concentration, and leach testing. Cyanide destruction and solid liquid separation testing are still ongoing and will be completed in Q1 2022.

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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=======

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in O3 Mining bought in the market at the prevailing price on the day of purchase.

.

To read our full terms and conditions, please click HERE



03 Mining Intersects 12 g/t Au Over 8.3 M at Kappa

 03 Mining Inc. (TSX.V: OIII) 

Provided an update on its fully-funded 250,000 metre drilling program at its Marban and Alpha properties in Val-d’Or, Québec.

The highlight was 12.4 g/t Au over 1.9 metres in hole O3AL-21-380 at a vertical depth of 53 metres in the Kappa zone.

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03 Mining drill map

 

 

03 Mining Intersects 12.0 g/t Au Over 8.3 Metres From Kappa Zone at its Alpha Project

 

TSXV:OIII | OTCQX:OIIIF

TORONTO, Jan. 24, 2022 /CNW/ – 03 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) (“O3 Mining” or the “Corporation”) is pleased to provide an update on its fully-funded 250,000 metre drilling program at its Marban and Alpha properties in Val-d’Or, Québec, Canada which seeks to convert, expand, and discover new gold resources. The Corporation is reporting results from three holes drilled on the Alpha property.

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Drilling Highlights:

  • 12.4 g/t Au over 1.9 metresin holeO3AL-21-380at a vertical depth of 53 metres in the Kappa zone;
  • 12.0 g/t Au over 8.3 metresand8.1 g/t Au over 2.0 metresand35.9 g/t Au over 1.1 metresin holeO3AL-21-388from a vertical depth of 625 metres to 663 metres in the Kappa zone which remains open at depth and laterally.
  • 28.1 g/t Au over 0.9 metres in holeO3AL-21-391at a vertical depth of 638 metres in the Kappa zone which remains open at depth and laterally.

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O3 Mining continues to extend gold mineralization with the potential to increase resources within trucking distance of the 1,600 tpd Aurbel Mill (“Aurbel”).On May 14, 2020, the Corporation signed an option agreement with QMX Gold Corporation (acquired by Eldorado Gold in January 2021) to acquire a 100 per cent interest in Aurbel, which is a fully permitted mining facility located 10 kilometres from O3 Mining’s Alpha property.

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03 Mining management comments

“I am very excited about today’s drill results which give us confidence in the continuity of gold mineralization and the potential of the Kappa Zone which extends at depth and remains open in many directions.

 

“The proximity of the Kappa and Bulldog zones creates the potential for a sizeable project with robust grade, thickness, and continuity.

 

“We are eager to continue our 2022 winter drilling program where we will continue expansion drilling in the Kappa Zone through the coming months.”

03 Mining’s President and CEO, Mr. Jose Vizquerra

 

Based on these promising results, 03 Mining assigned 6,000 metres of drilling to expand the Kappa zone. Two drill rigs are actively working to fulfill the program this winter.

.

For brevity, this summary has been redacted, to read the full news release, please click HERE

.

=======

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Cartier Resources reports 27.4 gpt Au over 8m

Cartier Resources (TSX.V: ECR)

Announced high grade channel sampling results from the 2021 exploration program at the 100 % owned Fenton gold property located 50 km southwest of Chapais, Quebec, Canada.

This included 27/4 gpt gold over 8 metres.   […] 

 

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Cartier Resources TSX.v : ECR
Stage Exploration
Metals Gold
Market cap C$37 m   @ 17 cents
Location Quebec, Canada

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Cartier Resources logo

 

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CARTIER CUTS 27.4 G/T AU OVER 8.0 M ON THE FENTON PROPERTY

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Val-d’Or,January 18th,2022– Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) is pleased to announce high grade channel sampling results from the 2021 exploration program at the 100 % owned Fenton gold property located 50 km southwest of Chapais, Quebec, Canada.

 

Highlights:

  • Channel sections with grades up to 69.1 g/t Au / 2.0 m;
  • Confirmed the Fenton gold Structure geometry over 325 m in length by 15 to 25 m in width;
  • 29.6 g/t Au / 2.0 m, cut to 550 m depth under the Fenton gold Structure, by historical drill hole;
  • Geophysical surveys results expected soon in preparation for drill target generation.

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Cartier Resources management comments

“ In 2021 we acquired 100% of the Fenton property and completed the review of the historical data as well as completing a focussed channel sampling program and a geophysical program.

 

“These results are an excellent start for 2022 as they continue to build our understanding of the gold mineralization and orient future exploration work for expanding known gold mineralization and new discoveries.”

Philippe Cloutier, President and CEO.

 

Channel Sampling

Results from the channel sampling program at the Fenton gold property (see November 29th, 2021 news release for information) carried out in November 2021 have been received by Cartier.

The Fenton gold Structure has a geometry, identified to date, over 325 m in length by 15 to 25 m in width.  In surface, the center of the Fenton gold Structure returned values up to69.1 g/t Au over 2.0 m, included in43.5 g/t Au over 4.0 m, also included in an interval grading 27.4 g/t Au over 8.0 m (Refer to the FIGURE and Table 1 below).

 

Recall that, significant historical drill intercepts had returned 29.6 g/t Au / 2.0 m included in 20.0 m grading 3.4 g/t Au also within a broad interval of 64.7 m grading 1.5 g/t Au; located at a depth of 550 m, below the channel results presented in this release.

,

For brevity, this summary has been redacted, to read the full news release, please click HERE

=======

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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To read our full terms and conditions, please click HERE

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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 […]

 

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Maple Gold TSX.V: MGM
Stage Exploration
Metals Gold
Market cap C$95 m   @ 29.5c
Location Quebec, Canada

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Maple Gold Mines

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Maple Gold Mines Plans First Drill Program After Completing 3D Modelling at the Eagle Mine Property

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Vancouver, British Columbia–(Newsfile Corp. – October 7, 2021) – Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (“Maple Gold” or the “Company“) is pleased to announce plans for a 2,500-3,000 metre (“m”) Phase I drill program based on the recently completed 3D geological and structural model at the Company’s 100% controlled Eagle Mine Property (“Eagle”) in Quebec, Canada.

Eagle is a 77-hectare property that hosts the historical Eagle Mine and covers a key segment of the past-producing Eagle-Telbel Mine Trend, which produced 1.1 million ounces of gold between 1974 and 1993[1] under much lower gold prices than those prevailing today. Eagle is not currently a part of the Joutel Gold Project (“Joutel”) that is held by a 50-50 joint venture (“JV”) between the Company and Agnico Eagle Mines Limited (“Agnico”).

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Highlights:

  • Results indicate an opportunity to extend mineralization beyond the mined-out stopes and along observed sub-parallel gold trends that were never mined nor adequately tested.
  • Significant historical drill intercepts[2] adjacent to areas that have seen only limited drilling to-date (e.g. 32.9 g/t gold (“Au”) over 10.4 m, 16.2 g/t Au over 9.0 m and 10.2 g/t Au over 10.2 m) all point to the high-grade gold mineralization potentially remaining at Eagle.
  • The Company’s 3D modelling and grade contouring work has identified numerous high priority drill targets, several of which will be tested as part of a planned 2,500-3,000 metre Phase I drill program expected to commence in Q4 2021.

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Maple Gold management comments

“When combined with the previously released 3D model results from the Telbel Mine area (see August 16, 2021 news release), these latest results from Eagle highlight the potential for near-mine extensions along the entire Eagle-Telbel Mine Trend as well as along sub-parallel target trends.

“Acquiring this strategic ground that hosted Agnico’s first gold mining operation with the benefit of an extensive drilling database and modern tools will allow us to effectively test high priority target areas that have seen only limited exploration activity since mine closure in 1993.”

Fred Speidel, VP Exploration of Maple Gold

 

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Phase 1 Drill Targeting

Results from the Company’s initial 3D model grade contouring work at Eagle demonstrate the potential for relatively shallow mineral resources to be defined through further confirmation drilling as well as the untested potential below the previously mined-out areas.

The Eagle longitudinal section has also identified district-scale and deposit-scale southeast plunges of mineralization similar to those interpreted at Telbel as well as potential intersections at depth with interpreted deposit-scale cross-plunges.

.

For brevity, this summary has been redacted, to read the full news release, please click HERE

.

=======

 

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email  andrew@city-investors-circle.com

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=======

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure,

The writer holds shares in Maple Gold Mines bought in the market at the prevailing price on the day of purchase.

.

To read our full terms and conditions, please click HERE

 

 



Maple Gold Intersects Bonanza Grade Gold

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

Reported results from the final nine holes completed during the 10,217-metre winter drill campaign at the Douay Gold Project  in Quebec, Canada.

Douay is held by a 50/50 JV between the Company and Agnico Eagle Mines Limited.

 

.

Maple Gold TSX.V: MGM
Stage Exploration
Metals Gold
Market cap C$95 m   @ 29.5c
Location Quebec, Canada

 

MAPLE GOLD INTERSECTS BONANZA GRADE GOLD INCLUDING 334.0 G/T GOLD OVER 1.0 METRE IN THE PORPHYRY ZONE AT DOUAY

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Vancouver, British Columbia–(Newsfile Corp. – October 4, 2021) – Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (“Maple Gold” or the “Company“) is pleased to report results from the final nine holes completed during the 10,217-metre winter drill campaign at the Douay Gold Project (“Douay” or the “Project”) in Quebec, Canada.

Douay is held by a 50/50 joint venture (the “JV”) between the Company and Agnico Eagle Mines Limited.

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Highlights:

  • Drill hole DO-21-295 intersected 334.0 g/t gold (Au) over 1.0 metre (m) (from 57.0 m downhole) within the western portion of the Porphyry Zone (see Figure 1 for drill hole locations), representing one of the highest-grade intercepts ever encountered at Douay.
  • DO-21-295 also intersected 72.7 g/t Au over 0.7 m (from 358.0 m downhole), beyond the northern extent of the of the 2019 RPA NI43-101 Resource Estimate (“RPA 2019”) Porphyry Zone conceptual pit (see Figure 2).
  • At the Main Zone, DO-21-304 intersected 1.5 g/t Au over 15.0 m (from 428.0 m downhole), one of the better sediment-hosted intercepts reported to date. In addition, DO-21-306 intersected 4.0 g/t over 5.0 m (from 143.0 m downhole), within a broader and more variable grade envelope that averaged 1.6 g/t over 15.0 m. Additional multi-gram gold intercepts were obtained from other drill holes in this area (see Table 1 for full results).
  • The JV’s maiden drill campaign returned three of the top five intercepts ever reported at Douay in terms of gold accumulation (grade x thickness), validating the Company’s targeting methodology.

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Maple Gold management comments

 “Encountering multiple bonanza grade gold zones flanking either side of the Casa Berardi North Fault highlights the significant exploration potential for the sparsely-drilled northern flank of the Porphyry Zone.

“The deeper bonanza grade gold mineralization in hole DO-21-295 remains open to the east, with just a single drill hole over more than 600 m, which provides a compelling exploration target for follow up drilling.

“We are excited to build upon the impressive results from the JV’s maiden drill campaign, with drilling expected to resume in the Nika and 531 Zones in Q4 2021.”

Fred Speidel, VP Exploration  Maple Gold

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The Company has now reported all assay results from the winter 2021 drill campaign. An updated Douay mineral resource estimate, which will include more than 19,000 m of additional drilling since the RPA 2019 mineral resource estimate, including over 15,000 m within the current resource area, is expected to be completed in Q4 2021. Additional details regarding Q4 2021 drilling sites and plans are expected be released in the coming weeks.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3077/98414_06e4c1bac4a1b91d_001.jpg

Figure 1: Plan view of 2021 drill collars (new results highlighted in blue).

To view an enhanced version of Figure 1, please visit HERE

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3077/98414_06e4c1bac4a1b91d_002.jpg

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Figure 2: Oblique section looking northwest (100 m total width) highlighting DO-21-295 bonanza grade intercepts, the lowermost of which is well north of the current conceptual pit.

To view an enhanced version of Figure 2, please visit HERE

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For brevity, this summary has been redacted, to read the full news release, please click HERE

.

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email  andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

The writer owns shares in Maple Gold, bought in the market at the prevailing price n the day of purchase.

To read our full terms and conditions, please click HERE