Tuesday, June 21, 2022
Maple Gold Mines (MGMLF)
Eagle Phase I Drill Results Speak for Themselves; Phase II Drilling Underway
Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Outstanding Eagle Phase I drill results. Maple Gold reported assay results from the company’s Phase I drill program at its 100%-controlled Eagle Mine Property in Quebec, Canada. The Phase I program consisted of eight diamond drill holes, representing 4,462 meters of drilling, that tested potential extensions of mineralization along the past-producing Eagle-Telbel Mine Trend. A majority of Phase I drill holes contained at least one interval with greater than 1 gram of gold per tonne, with Hole EM-22-005 intersecting 4.0 grams of gold per tonne over 7.5 meters, including 6.4 grams of gold per tonne over 3.0 meters.
Phase II drilling underway. Data collected from the Phase I drilling is guiding the ~4,000 meter Phase II drilling program which is testing the Eagle-Telbel Mine Trend at greater depths. In aggregate, management expects to reach its goal of twelve drill holes, representing 8,200 meters of drilling, by the end of the quarter….
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
