Maple Gold Mines (MGM) - Agnico Eagle JV Completes Phase 1 Drilling

Maple Gold Mines Ltd. is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines Limited to jointly advance the district-scale Douay and Joutel gold projects located in the prolific Abitibi Greenstone Gold Belt of Quebec, Canada. The Company also holds an exclusive option to acquire 100% of the Eagle Mine Property located at Joutel.

Recently, Crux Investor interviewed Matthew Horner, the president of Maple Gold Mines, to discuss their mining operations, including their Eagle project and recent drilling results.

The projects benefit from exceptional infrastructure access and boast ~400 km2 of highly prospective ground including an established gold resource at Douay (SLR 2022) that holds significant expansion potential as well as the past-producing Eagle, Telbel and Eagle West mines at Joutel, which collectively produced 1.1 million ounces of gold between 1974 and 1993. The Company is well capitalized and aims to establish an exciting new gold district in the heart of the Abitibi.

Eagle Mine Project as the company’s focus

The Eagle-Telbel project, which is MGM's flagship asset, has world-class potential. The project has sufficient mass to restart and pay for the effort, and it has the benefit of real data showing exactly where the plunge is going. The project is expected to be important for many years to come. Further campaigns are necessary to fully explore the potential of the Eagle mining project, and future capital raising and growth strategies are being considered.

The partnership between capital markets and the technical team is crucial for success. Geologists are important, but they should focus on the project, not running the company. Mining is a challenging business, but it can be fun and rewarding. The company has optionality in the stagnant market, and assuming costs around $1200, current gold prices are good for the company. Gold prices are expected to continue to increase, and junior gold equities provide leverage to the upside.

JV partners in the company’s projects

Consolidation in the mining sector is needed, and MGM is having conversations about teaming up with other groups. Quebec is the best mining jurisdiction on the planet, and the MGM team has the experience to do what it takes.

In conclusion, Maple Gold Mines is a mineral resource company with a 400 square-kilometer land package in Quebec. Their partnership with Agnico Eagle has resulted in a main resource of 3 million ounces and growing. Their flagship asset, the Eagle-Telbel project, has world-class potential, and further campaigns are necessary to fully explore its potential. Consolidation in the mining sector is needed, and MGM is having conversations about teaming up with other groups. MGM's team has the experience to do what it takes, and Quebec is the best mining jurisdiction on the planet. With current gold prices expected to increase, junior gold equities provide leverage to the upside.

To find out more, go to the Maple Gold Mines website