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Maple Gold Mines Up 9% after Reporting Additional Results from Drilling at Douay Gold Project

MT Newswires ·  09/09/2021 23:43

11:43 AM EDT, 09/09/2021 (MT Newswires) -- Maple Gold Mines Ltd. (MGM.V) on Thursday gained 9% on last look after reporting additional results from the final three holes completed in the 531 Zone as well as four regional exploration holes drilled during the 10,217-meter 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. (AEM.TO). Agnico Eagle Mines' shares fell 1.3% on last look on Thursday in Canada.

Among the highlights, Drill hole DO-21-310 intersected 28.5 meters of 8.8 grams per ton of gold, including 10 meters of 12.7 g/t Au and 0.5 meter of 31.1 g/t Au within the central portion of the 531 Zone.

Drill hole DO-21-307 intersected multiple narrow gold zones between 244.8 meters and 475.5 meters downhole, including 5.2 meters of 2.9 g/t Au, and 6.5 m averaging 1.32 g/t Au from 282 meters downhole, the company said.

The company has now reported 13 out of a total of 22 holes from the winter 2021 drill campaign. Additional assay results are expected to be released in the coming weeks, the company added.

Price: 0.37, Change: +0.03, Percent Change: +8.96

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