Maple Gold Mines Lt. (TSXV: MGM) (OTCQB: MGMLF) has revealed that the 50/50 joint venture between it and Agnico Eagle Mines Limited has added a second rig to the JV’s northern autumn 2021 drill programme at the Douay Gold Project in Québec, Canada.
In addition, a planned Phase I drill programme at the company’s 100%-controlled Eagle Mine Property is now expected to commence in January 2022 following a short holiday break.
The company is also revealed it has appointed veteran entrepreneur and current Maple Gold board director Michelle Roth as Independent Non-Executive Chair.
“We are pleased to have secured a second rig to accelerate completion of the Fall 2021 drill programme and in anticipation of ramping up our exploration activities in Q1 2022,” stated Matthew Hornor, President and CEO of Maple Gold.
“It is an exciting time for Maple Gold with two rigs now available to complete up to 20,000 meters of planned drilling across our ~400 sq. km property package, including testing high priority targets at Eagle in a matter of weeks.
“I would also like to welcome Michelle Roth as the Company’s next Chairperson, while thanking Sean Charland for having served so ably in that role since 2020. Michelle’s extensive experience across both the private and public sectors strengthens our senior leadership and corporate governance at a key inflection point in the company’s growth trajectory.”
2021 Drilling Update
The upcoming drill holes at Douay are primarily step-out targets designed to test the strike continuity and expansion potential of some of the better intercepts from recent drill programmes in the Nika, Central and 531 Zones.
The first rig, which commenced drilling in early November, has already completed drill holes DO-21-313 (Nika Zone), DO-21-315 (Central Zone), DO-21-316 and DO-21-317 (both in the 531 Zone), and is currently drilling DO-21-319 (531 Zone). The second rig has completed DO-21-318 (Central Zone) and is currently drilling DO-21-314 (Nika Zone).
A total of 2,661m have been drilled out of 2,750m planned as part of the drill programme. The first 845 samples, including all of drill hole DO-21-313 in the Nika Zone, were shipped to ALS Labs on November 26, 2021.
Given the encouraging observations from initial drill core, the second rig has been mobilised to continue testing additional step-out targets as part of the Fall 2021 drill program at Douay.
Of particular focus are:
1) mineralised horizons extending to the southeast from this year’s 1.6 g/t gold over 132 m intercept in the Nika Zone;
2) areas down- and up-plunge from this year’s 8.8 g/t Au over 28.5m intercept in the 531 Zone; and
3) over 700m of undrilled strike extending to the east-southeast of the Central Zone as currently defined.
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