Maple Gold Mines Ltd.
Maple Gold is a Canadian advanced exploration company in a 50-50 joint venture with Agnico Eagle to jointly advance the district-scale contiguous Douay and Joutel gold projects located in Quebec's prolific Abitibi greenstone gold belt. Maple Gold's Douay Project and Agnico's Joutel Project benefit from exceptional infrastructure access and boast a combined approximately 400 km2 of highly prospective ground including an established gold resource that holds significant resource expansion potential as well as the past-producing Telbel mine.
The property also hosts a significant number of regional exploration targets along a 55 km 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 focused on carrying out aggressive exploration programs to grow resources and make new discoveries to establish an exciting new gold district in the heart of the Abitibi belt.
Douay and Joutel Gold Projects, Quebec, Canada
50-50 Agnico Eagle Strategic Partnership Highlights
Current plans for the first year of the JV include:
Management, Directors and Advisors
Matthew Hornor, President & CEO, Director
10+ years Executive VP for Ivanhoe Mines and Managing Director for Ivanhoe Capital Corp.
Structured partnerships and negotiated project/equity financings valued at over $450 million
Former Chairman for Ivanplats Holding SARL
Fred Speidel, VP Exploration
30+ years exploration work with Minnova, Inmet Mining, First Quantum and Antofagasta Minerals
Involved in the Boyvinet and Troilus discoveries in Quebec (Troilus became open-pit Au-Cu mine)
Involved in several discoveries in Central and South America
Joness Lang, Executive Vice-President
B.Com/Finance background with 12+ years of capital markets experience
Director of American Pacific Mining and former VP with Riverside Resources
Maurice Tagami, Director & Technical Advisor
Gérald Riverin, Director & Technical Advisor
Internationally renowned expert on VMS deposit geology (holds Ph.D. in Geology from Queens)
Involved in the discovery/development of notable properties in Quebec (e.g. Troilus Au-Cu mine)
Former Director of Exploration for Inmet Mining Corp. Prospector of the Year Winner (QMEA)
Sean Charland, Director
Michelle Roth, Director
David Broughton, Technical Advisor
Former Executive VP, Exploration with Ivanplats Ltd. (now Ivanhoe Mines) for 8 years
Winner of PDAC's Thayer Lindsley & Colin Spence award for world-class discoveries
Worked extensively throughout the Abitibi including in the Casa Berardi and Joutel areas
Egizio Bianchini, Strategic Advisor
Vice-Chairman, Managing Director and Head of Investment Banking for Stifel GMP Canada
Former Executive Vice Chairman of Ivanhoe Mines
Former Vice Chairman and Co-Head of BMO's Global Metals & Mining Group
Timo Jauristo, Strategic Advisor
Matthew Lechtzier, Strategic Advisor
On January 17, 2022, Maple Gold Mines Ltd. has resumed drilling at the company's Douay gold project in Quebec, Canada. Douay is held by a 50/50 joint venture between the company and Agnico Eagle Mines Ltd. Drill crews are currently completing holes DO-21-314 and DO-21-319 at the Nika and 531 zones, respectively (see news from Dec. 14, 2021). One of the two available drill rigs will then be mobilized to commence a planned 4,000-to-5,000-metre phase 1 drilling program at the company's 100-per-cent-controlled Eagle mine property.
On December 14, 2021, the 50/50 joint venture between Maple Gold Mines Ltd. and Agnico Eagle Mines Ltd. has added a second rig to the JV's fall 2021 drill program at the Douay gold project (see news from Nov. 15, 2021) in Quebec, Canada. In addition, a planned phase I drill program at the company's 100-per-cent-controlled Eagle mine property (see news from Oct. 7, 2021) is now expected to commence in January, 2022, following a short holiday break. The company is also pleased to appoint veteran entrepreneur and current Maple Gold board director Michelle Roth as independent non-executive chair.
On December 09, 2021, Maple Gold Mines Ltd. announced that the company completed the C$7 million bought deal financing, including full exercise of the underwriters’ option.
Matthew Hornor, president and chief executive officer of Maple Gold, commented: "I would like to thank all of our new and existing shareholders for their strong endorsement of Maple Gold's district-scale gold potential and planned exploration activities across our Quebec project portfolio. With the closing of this financing, the company is heading into the winter exploration season with an even healthier treasury that will enable us to ramp up drilling throughout 2022, including at our 100-per-cent-controlled Eagle mine property."
On November 15, 2021, Maple Gold Mines Ltd. announced that the company will resumes drilling at Douay with plans to drill up to 20,000 metres across the company’s project portfolio.
Fall 2021 drilling is under way at Douay with the first drill rig now on site. A second drill rig is expected to arrive in early December to commence a planned phase 1 drill program at the company's 100-per-cent-controlled Eagle mine property (see news from Oct. 7, 2021). Drilling will continue with two rigs through the first quarter of 2022 to test additional targets as part of the JV's planned winter 2022 drill campaign.
October 07, 2021, Maple Gold Mines Ltd. announced that it 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 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").
On October 04, 2021, Maple Gold Mines Ltd. has released 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 joint venture between the company and Agnico Eagle Mines Ltd.
On September 09, 2021, Maple Gold Mines Ltd. has released additional results from the final three holes completed in the 531 zone as well as four regional exploration holes drilled during the 10,217-metre winter drill campaign at the Douay gold project in Quebec, Canada. Douay is held by a 50/50 joint venture between the company and Agnico Eagle Mines Ltd.
On August 16, 2021, Maple Gold Mines Ltd. reported the preliminary 3D modelling results from Phase II of a three-phase review of historical drill data at the past-producing, high-grade Telbel underground mine ("Telbel") at the Joutel Gold Project ("Joutel") in Quebec, Canada. Joutel is held by a 50-50 joint venture ("JV") between the Company and Agnico Eagle Mines Limited ("Agnico"). The Phase II work program (see news from May 10, 2021) involved further data verification and analysis of approximately 250,000 metres ("m") of historical drill results and the construction of a new 3D model for drill targeting.
On July 19, 2021, Maple Gold Mines Ltd. announced that it has entered into an option agreement with Globex Mining Enterprises Inc. ("Globex") to acquire a 100% interest in the Eagle Mine Property ("Eagle" or the "Property"), providing a clear path to consolidate the past-producing, high-grade Eagle-Telbel underground mines at the Joutel Gold Project in Quebec, Canada. The Joutel Gold Project ("Joutel") is held by a 50/50 joint venture ("JV") between the Company and Agnico Eagle Mines Limited ("Agnico").
On June 28, 2021, Maple Gold Mines Ltd. reported the results of its annual general and special meeting of shareholders held on Friday, June 25, 2021.
On May 10, 2021, Maple Gold Mines Ltd. has completed the first phase of digitization work on approximately 250,000 metres of historical drilling data at the Joutel gold project in Quebec, Canada. The Joutel Gold Project ("Joutel") is held by a 50/50 joint venture ("JV") between the Company and Agnico Eagle Mines Limited ("Agnico"). The JV is now in the second phase of the digitization process which involves the construction of a 3D model for drill targeting. Initial results and figures generated from this work will be released near the end of Q2/2021.
On April 29, 2021, Maple Gold Mines Ltd. reported that a ~10,000-metre winter drilling campaign has been completed at the Douay Gold Project in Quebec, Canada, which is held by a 50/50 joint venture (the "JV") between the Company and Agnico Eagle Mines Limited. The Company has also received and interpreted initial assay results from the first drill hole of the campaign, which was an infill hole drilled on the eastern side of the Douay West ("DW") Zone and the first hole to be drilled at the zone since 2017.
Highlights from hole DO-21-294 include:
On March 29, 2021, Maple Gold Mines Ltd. has released additional drill results from its fall 2020 campaign and an update on exploration work currently under way at the Douay gold project. Located in Quebec, Canada, the project is held by a 50/50 Joint Venture (the "JV") between Maple Gold and Agnico Eagle Mines Limited.
A highlight was hole DO-20-288 which was drilled at the 531 Zone and encountered multiple higher-grade intercepts. These include:6.95 g/t Au over 1.2 m from 334 m downhole;5.1 g/t Au over 2.0 m from 459 m downhole, including 9.87 g/t Au over 1.0 m; and 3.34 g/t Au over 3.0 m from 465 m downhole, including 8.98 g/t Au over 1.0 m.
On February 10, 2021, Maple Gold Mines Ltd. reported that initial assay results from the first two holes drilled at the regional Northeast IP Target in its Fall 2020 drill campaign at the Douay Gold Project have returned several anomalous gold and silver intercepts indicating the presence of a new sulfide-rich hydrothermal system. The Company also announces that drilling is underway on a planned 10,000-metre Winter 2021 drill campaign.
On February 3, 2021, Maple Gold Mines Ltd. announced that it has closed its previously announced 50-50 joint venture transaction with Agnico Eagle Mines Ltd., which combines Maple Gold's Douay project and Agnico's Joutel project into a consolidated land package of approximately 400 square kilometres.