Gold

TSXV:MGM

Maple Gold Mines

Advancing the Douay Gold Project in Quebec’s Abitibi Greenstone Belt

MGM:CA
TSXV:MGM

Overview

Maple Gold Mines (TSXV:MGM,OTCQB:MGMLF,FSE:M3G) is an advanced gold exploration company focused on the Douay gold project located in Quebec’s prolific Abitibi Greenstone belt. The company has formed a strategic partnership with Agnico Eagle Mines (TSX:AEM, NYSE:AEM) that included a C$6.2 million strategic investment at a significant premium. The partnership also contemplates for a 50-50 joint venture that will combine Maple Gold’s Douay Project and Agnico’s Joutel Project into a consolidated joint property package. Under the agreement, Agnico Eagle Mines is set to solely fund C$18 million in exploration over a four-year term. According to the press release, “Agnico and Maple Gold have agreed to negotiate in good faith and use commercially reasonable efforts to enter into a joint venture agreement (the “JV Agreement”) within three (3) months of signing the Binding Term Sheet.”

Maple Gold Mines’ Company Highlights

  • Strategic Partnership with Agnico Eagle Mines (TSX:AEM, NYSE:AEM) for a 50-50 joint venture that will combine Maple Gold’s Douay Project and Agnico’s Joutel Project
  • Flagship Douay gold project hosts an NI 43-101 gold resource of 422,000 ounces in the indicated category (8.6 Mt grading 1.52 g/t gold) and 2.35 million ounces inferred (71.2 Mt grading 1.03 g/t gold).
  • The current gold resource covers just 4% of the property package and significant potential remains for both resource expansion laterally and at depth as well as for regional discoveries.
  • The project is virtually royalty-free, with just 130,000 oz of its currently defined resource subject to a 1% NSR to IAMGOLD.
  • Abitibi Greenstone gold belt, which hosts the Douay gold project, has produced more than 200 Moz of gold to date.
  • Douay project is surrounded by exceptional infrastructure, including a two-lane highway and a high-voltage electric power line that runs through the property
  • Nearby town also provides access to a skilled labor force and significant technical infrastructure, including drill companies with competitive rates.
  • Douay offers significant potential for high-grade deposits given its proximity to high-grade mines including the Eagle-Telbel mine (1.15 Moz at 6.5 g/t gold) and the Vezza mine (500,000 oz at 6 g/t gold).
  • Maple Gold’s leadership consists of ex-Ivanhoe Mines (TSX:IVN) and Inmet Mining alumni, with directors and advisors from Ivanhoe, Inment, Wheaton PM (TSX:WPM), Goldcorp and Placer Dome.
  • Major shareholders include Agnico Eagle Mines, Caisse de Dépôt et Placement du Québec (CDPQ), SIDEX, Stephens Investment Management, Goodman Investment Counsel, PowerOne Capital and Marlborough Fund Management Ltd.
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Recent News

Company News

Steppe Gold Announces Q1 2022 Financial Results

Steppe Gold Limited is pleased to announce its financial results for the three months ended March 31, 2022, following recent positive operational updates.First Quarter Highlights Revenue for the three months ended March 31, 2022, was $5,457 on sales of 2,893 gold ounces and 248 silver ounces with average realized prices per ounce of $1,850 and $24 respectively.Operating income from mine operations, before ...

Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is pleased to announce its financial results for the three months ended March 31, 2022, following recent positive operational updates.

First Quarter Highlights (all figures in US$000's unless stated otherwise)

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Silver Hammer Announces Up to $3,000,000 Private Placement Led by Echelon Wealth Partners

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CSE: HAMROTCQB: HAMRF) Silver Hammer Mining Corp. is pleased to announce its intention to complete a brokered private placement on a commercially reasonable efforts basis for gross proceeds of up to approximately C$3,000,000 . The Offering will be led by Echelon Wealth Partners Inc. as lead agent and sole bookrunner . ...

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CSE: HAMROTCQB: HAMRF) Silver Hammer Mining Corp. (the " Company " or " Silver Hammer ") is pleased to announce its intention to complete a brokered private placement on a commercially reasonable efforts basis for gross proceeds of up to approximately C$3,000,000 (the " Offering "). The Offering will be led by Echelon Wealth Partners Inc. as lead agent and sole bookrunner (the " Agent ").

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Lahontan Engages Independent Trading Group as Market-Maker

Lahontan Gold Corp. is pleased to announce that it has entered into a market-making agreement with Independent Trading Group pursuant to which ITG has agreed to provide market-making services to the Company in accordance with the policies of the TSX Venture Exchange and applicable lawsITG will trade shares of the Company on the TSX.V and other available trading venues with the objective of maintaining a reasonable ...

Lahontan Gold Corp. (formerly, 1246765 B.C. Ltd.) (the "Company" or "Lahontan" ) is pleased to announce that it has entered into a market-making agreement (the "Agreement") with Independent Trading Group ("ITG"), pursuant to which ITG has agreed to provide market-making services to the Company in accordance with the policies of the TSX Venture Exchange (the " Exchange or TSX.V ") and applicable laws

ITG will trade shares of the Company on the TSX.V and other available trading venues with the objective of maintaining a reasonable market and improving liquidity for the Company's common shares.

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Graycliff Exploration Intersects 5 Metres of Gold Mineralization Grading 6.23 g/t at Shakespeare Project, Ontario

Graycliff Exploration Limited is pleased to release a new batch of assay results from drilling the Phase Three drilling program at its Shakespeare Gold Project located on the Canadian Shield near Sudbury, Ontario. Phase Three focused on expanding on the extent of gold mineralization proximal to the historic Miller Shaft where initial gold mining took place more than 100 years ago Drill Hole J-36 intersected 6.23 ...

Graycliff Exploration Limited (the "Company" or "Graycliff") (CSE:GRAY)(OTCQB:GRYCF)(FSE:GE0) is pleased to release a new batch of assay results from drilling the Phase Three drilling program at its Shakespeare Gold Project located on the Canadian Shield near Sudbury, Ontario. Phase Three (see press release dated June 3, 2021) focused on expanding on the extent of gold mineralization proximal to the historic Miller Shaft where initial gold mining took place more than 100 years ago

Drill Hole J-36 intersected 6.23 grams per tonne of gold ("g/t Au") over 5.00 metres ("m"), including 14.30 g/t Au over 1.00 m. Results continue to show strong gold mineralization extending from surface to the current limit of drilling at depth. Significant intervals for Holes J-34 to J-39 are detailed below.

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