Restructuring Transaction Provides a Clear Path to Development

What is in Store for the Remainder of 2024?

Laying the Groundwork for the 2024 Drilling Program

Reorienting the Company for Successful Outcomes

Mark Reichman

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Metals & Mining

Maple Gold Mines Ltd – Ordinary Shares

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Deep Drilling Program Underway at Douay
Maple Gold&#8217;s joint venture with Agnico Eagle is nearing completion of its 6,000-meter first phase deep drilling program at the Joutel project. A 10,000-meter drill program at the Douay project is underway. Two additional drill rigs were mobilized at Douay and the joint venture expects progress to accelerate with five rigs turning at Douay throughout the first quarter of 2023. A total of six drill holes and extensions are planned at Douay, several of which are expected to be drilled to at least 2,000 meters downhole. Mines in the Abitibi gold belt are known for vertical continuity and higher grades at depth. Deep drilling will test beneath the current mineral resource and across the Casa Berardi North Fault corridor.&nbsp;
In January,&nbsp;deep drilling at Douay commenced with Hole DO-23-331, collared approximately 400 meters southwest of the conceptual pit limits at the 531 Zone, currently approaching 1,100 meters downhole. Previous drilling at the 531 Zone returned some of the highest-grade and largest accumulations of gold at Douay based on grade and thickness, including 8.8 grams of gold per tonne over 28.5 meters at a depth of 295.0 meters in Hole DO-21-310. The figure below illustrates Hole DO-23-331 along with the position of the Casa Berardi North Fault and primary target corridor at depth.
Drill Hole DO-23-331&nbsp;
<img decoding="async" src="https://www.noblelinx.com/x/research/images/reports/Feb72023b.JPG" />
Source: Maple Gold Mines Ltd.
The primary target is roughly 1,900 meters downhole where it is expected to intersect a projection of the defined mineralized zone at the 531 Zone significantly down plunge. Hole DO-23-331 will also test the full width of the mineralized corridor in this area.

Maple Gold Mines Ltd – Ordinary Shares (MGMLF)

Will 2023 Be the Year that Maple Gold Goes Viral?

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Restructuring Transaction Provides a Clear Path to Development (MGMLF)

What is in Store for the Remainder of 2024? (MGMLF)

Laying the Groundwork for the 2024 Drilling Program (MGMLF)

Reorienting the Company for Successful Outcomes (MGMLF)

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