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Cover for Maple Gold Mines - First Drill Holes Of 10,000m Program, Step-Out Success at Nika Zone and New High-Grade Targets Emerging

Maple Gold Mines - First Drill Holes Of 10,000m Program, Step-Out Success at Nika Zone and New High-Grade Targets Emerging

April 20, 2025
  • Company
KEReport
By KEReport
KEReport

Kiran Patankar, President and CEO of Maple Gold Mines (TSX-V: MGM - OTCQB: MGMLF - FSE: M3G), joins me for a deep dive into the initial results from the company’s 10,000 meter drill program at the Douay Gold Project in Quebec’s Abitibi Greenstone Belt.

On April 3rd, Maple released initial drill results highlighted by 2.0 g/t gold over 108 meters at the Nika Zone, a 300-meter down-plunge step-out from a hole drilled four years ago. This intercept is especially notable given that the Nika Zone currently accounts for just 7% of the current 3Moz resource.

Key discussion points include:

  • The geological significance and follow-up plans at the Nika Zone, now the top priority with two rigs turning ahead of spring breakup
  • Additional high-grade intercepts from the Porphyry East Zone, including 15.5 g/t Au over 1m, suggesting potential beyond classic porphyry expectations
  • Broader strategy across the 6x2 km Douay footprint, including near-resource and regional targets
  • How Maple is positioning Douay as a multi-million ounce, scalable asset, with underground bulk tonnage and open-pit development scenarios being explored.
  • The path to a potential resource update later this year and early engineering studies to assess development optionality

Please email me your follow up questions for Kiran. My email address is Fleck@kereport.com

Click here to visit the Maple Gold Mines website to learn more about the Company. 

KEReport
KEReport
The KE Report provides exclusive interviews with private money managers and sub $10 billion market cap companies. Interviews are published daily to help investors navigate the markets.
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