Tuesday, August 16, 2022
Maple Gold Mines (MGMLF)
A Harbinger of Things to Come?
Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Phase II drilling at Eagle. Maple Gold reported initial assay results from the first hole of the Phase II drill program at its 100%-controlled Eagle Mine property in Quebec. The Phase II program consisted of four master diamond drill holes and one daughter drill hole totaling 4,700 meters to test extensions of mineralization along and beneath the past-producing Eagle-Telbel mine trend. To date, approximately 16,450 meters of the approximately 30,000 meters of drilling planned across the company’s Quebec project portfolio has been completed. Eagle assays have been reported for approximately 5,400 meters of drilling representing 59% of Eagle drilling completed.
Results from the first hole broaden the lens. Hole EM-22-009 intersected 11.4 grams of gold per tonne over three meters, including 24.4 grams of gold per tonne over one meter to the north of the Eagle-Telbel mine horizon in the hanging wall microgabbro. The results underscore the potential for additional styles of gold mineralization at Eagle and broader gold distribution and have implications for the company’s exploration targeting, including the Phase III drilling program later in the year. …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
