Maple Gold Mines (MGMLF) – Drill, Baby, Drill

Natural Resources
0 min read

Tuesday, October 11, 2022

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 III drill program at Eagle. Maple Gold secured a third drill rig to begin a 5,000-meter Phase III drill program at its 100%-controlled Eagle Mine Property to follow up on the first two phases and test additional targets. The rig is expected to be on site by mid-October. In aggregate, Maple Gold expects to complete approximately 30,000 meters of drilling across its district-scale property package in Quebec, Canada by year-end.

Two rigs operating at Joutel. Two rigs are deployed for the deep drilling program beneath and adjacent to historic underground mine workings in the Telbel mine area at the Joutel Project, which is held in the company’s joint venture with Agnico Eagle Mines Limited. The program represents the first drilling at Telbel since the early 1990s. 

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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. 


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