Maple Gold Mines Ltd. is pleased to report that it has closed the second and final C$750,000 tranche from its previously announced non-brokered private placement for total gross proceeds of C$4,750,000 from both tranches. The Company closed a C$4,000,000 first tranche on July 31, 2020 of its previously announced hard dollar non-brokered financing . The Company has issued an additional 4,411,764 common shares at a price of [...]
Maple Gold Mines Ltd. is pleased to report that it has closed a $4,000,000 first tranche of its previously announced hard dollar non-brokered financing . The Company has issued approximately 23,530,000 common shares at a price of C$0.17 per Share in conjunction with this first tranche. The Company previously increased its financing for aggregate gross proceeds of up to C$4,750,000 and expects to close its second tranche [...]
Maple Gold Mines Ltd. is upsizing the previously announced non-brokered HD financing . The increased financing is for aggregate gross proceeds of up to C$4,750,000 through the issuance of up to approximately 27,941,175 common shares at a price of C$0.17 per Share. Maple Gold's President and CEO, Matthew Hornor, commented: "Due to strong demand we have decided to increase our financing slightly in order to fit a few [...]
Maple Gold Mines Ltd. is pleased to announce that it is undertaking a non-brokered HD financing for aggregate gross proceeds of up to C$4,000,000 through the issuance of up to approximately 23,530,000 common shares at a price of C$0.17 per Share. Maple Gold's President and CEO, Matthew Hornor, stated: "This financing delivers further flexibility and puts us in position to accelerate exploration and drilling at Douay. I'd [...]
Maple Gold Mines Ltd. has engaged Computational Geosciences Inc. to complete a new and expanded Artificial Intelligence study for targeting high-grade gold at Douay. This study will use all available digital datasets within a 128km² area centered on the resource area in order to generate gold prospectivity maps and provide additional target areas to validate and rank in advance of the Company's next phase of drilling [...]
Maple Gold Mines Ltd. has initiated line cutting at site with new Induced Polarization surveys set to commence shortly. In addition to the Company's more advanced exploration work within the western part of the resource area, where the Company believes it can define a near-surface higher grade subset of the total Douay resource with compelling economic characteristics, Maple Gold also continues to evaluate and advance the [...]
Maple Gold Mines Ltd. is pleased to report further assay results from its 2020 winter drilling campaign at the Douay Project. The western part of the Porphyry Zone is a high priority area for the Company, given the broad zones of relatively shallow mineralization with demonstrated continuity, higher than deposit average grades, existing indicated resources and remaining drilling gaps in the area. The Company's latest [...]
Maple Gold Mines Ltd. "Maple Gold" or the "Company") is pleased to report that Dr. Gérald Riverin has joined the Company's board of directors and technical advisory committee. Dr. Riverin obtained his Ph.D. from Queen's University in 1977 and has been involved in the discovery and development of several notable properties in Quebec, including the Troilus open pit gold-copper mine near Chibougamau. Maple Gold's President [...]
Maple Gold Mines Ltd. is pleased to report further assay results from its 2020 winter drilling campaign at the Douay Project, following positive drill results reported previously for 531, NW and Western Porphyry Zones, as well as significant IP anomalies in the 531 Zone, Main Zone and NE Vezza-style target areas. Drilling at the Nika Zone included four planned drillholes . Highlights from the Nika Zone drilling are [...]
Maple Gold Mines Ltd. is pleased to report new assay results from its 2020 winter drilling campaign at the Douay Project. Three drillholes were completed in the western part of the Porphyry Zone where higher than deposit average grades are present and historical drilling is relatively sparse. Highlights for DO-20-283 and DO-20-280 are given below: ➢ DO-20-283 tested a 140m drilling gap near the northern limit of the [...]
Maple Gold Mines Ltd. is pleased to report new assay results from its 2020 winter drilling campaign at the Douay Project. The Company planned a single drill-hole near the limit of the NW Zone this winter, a zone which has only seen two drill holes since 1997. Maple Gold's geologists identified a significant drilling gap of approximately 300 metres to the west of a historical drill-hole that cut significant gold [...]
Maple Gold Mines Ltd. is pleased to summarize the recently completed drilling and exploration work at the Company's Douay Gold Project. A total of 13 drill-holes and one drill-hole extension were completed for a total of 4,370 metres. Assays remain outstanding for 12 drill-holes . A brief summary of the various objectives and target concepts for the drill-holes with assays still pending is provided below : NW Zone: Single [...]
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