Metals/Mining - Toronto, ON, CA
Maple Gold Mines is a Canadian advanced exploration company in a 50/50 JV with Agnico Eagle Mines to 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 ~400km2 of highly prospective ground including an established gold resource at Douay with 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:DOUAY GOLD PROJECT• One of the largest undeveloped gold resources in QuebecIndicated: 8.6Mt @ 1.52 g/t Au for 422Koz Au*Inferred: 71.2Mt @ 1.03 g/t Au for 2.35Moz Au*• Pending resource update based on >15,000m of additional drilling (Q4/2021)• Follow-up drilling guided by successful winter 2021 program & results of pending regional Mag-EM survey on Western half of land package which hosts base metal & precious metal targets (Q4/2021)• Maple Gold has a 2% NSR ($40M in buy back provisions)JOUTEL GOLD PROJECT• Hosts Agnico's past-producing Joutel Mining Complex (Eagle/Telbel underground & Eagle West open pit mines)Produced 6.2 Mt @ 6.5 g/t Au for total of 1.15 Moz gold** Mined from 1974 to 1993 (LOM average gold price of ~$350/oz)• New 3D geologic model based on >250,000m of historical drill data (C$75M replacement value) demonstrates significant remaining upside• Initial drilling at Eagle (Q4/2021) & Telbel (Q1/2022) will test highgrade near-mine extensionsThe property package hosts several regional exploration targets along a 55km strike length of the Casa Berardi Deformation Zone that have yet to be tested through drilling, making the project ripe for new gold and polymetallic discoveries. The Company is well capitalized and is currently focused on carrying out exploration and drill programs to grow resources and establish an exciting new gold district in the heart of the Abitibi.
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