Maple Gold Closes $4,000,000 First Tranche of Non-Brokered Financing
Montreal, Quebec--(Newsfile Corp. - July 31, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to report that it has closed a $4,000,000 first tranche of its previously announced hard dollar non-brokered financing (see press releases on July 23 and July 29, 2020). The Company has issued approximately 23,530,000 common shares (the "Shares") at a price of C$0.17 per Share in conjunction with this first tranche. The Company previously...
2020-07-31 4:35 PM EDT
Maple Gold Increases Non-Brokered Financing up to C$4,750,000
Montreal, Quebec--(Newsfile Corp. - July 29, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is upsizing the previously announced non-brokered HD financing (see press release July 23, 2020). The increased financing is for aggregate gross proceeds of up to C$4,750,000 (the "Offering") through the issuance of up to approximately 27,941,175 common shares (the "Shares") at a price of C$0.17 per Share. Maple Gold's President and CEO, Matthew...
2020-07-29 8:00 AM EDT
Maple Gold Arranges up to C$4,000,000 Non-Brokered Financing
Montreal, Quebec--(Newsfile Corp. - July 23, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to announce that it is undertaking a non-brokered HD financing for aggregate gross proceeds of up to C$4,000,000 (the "Offering") through the issuance of up to approximately 23,530,000 common shares (the "Shares") at a price of C$0.17 per Share. Maple Gold's President and CEO, Matthew Hornor, stated: "This financing delivers further...
2020-07-23 8:00 AM EDT
Maple Gold Applies Machine Learning for High-Grade Gold Targeting at Douay
Montreal, Quebec--(Newsfile Corp. - July 7, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") has engaged Computational Geosciences Inc. ("CGI") to complete a new and expanded Artificial Intelligence ("AI") study for targeting high-grade gold at Douay. This study will use all available digital datasets within a 128km² area centered on the resource area (Fig. 1) in order to generate gold prospectivity maps and provide additional target areas to...
2020-07-07 7:00 AM EDT
Maple Gold Aims to Detail New Discovery Targets With IP Surveys at Douay
Montreal, Quebec--(Newsfile Corp. - June 30, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") has initiated line cutting at site with new Induced Polarization ("IP") surveys set to commence shortly. In addition to the Company's more advanced exploration work within the western part of the resource area, where the Company believes it can define a near-surface higher grade subset of the total Douay resource with compelling economic...
2020-06-30 8:49 AM EDT
Maple Gold Reports Additional Intercepts from Winter Drilling Campaign, With 1.23 g/t Au over 75 metres, Including 1.61 g/t Au over 31m
Montreal, Quebec--(Newsfile Corp. - June 10, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to report further assay results from its 2020 winter drilling campaign at the Douay Project. The western part of the Porphyry Zone is a high priority area for the Company, given the broad zones of relatively shallow mineralization with demonstrated continuity, higher than deposit average grades, existing indicated resources (RPA 2019) and...
2020-06-10 7:00 AM EDT
Maple Gold Appoints Dr. Gérald Riverin to the Board of Directors and Technical Advisory Committee
Montreal, Quebec--(Newsfile Corp. - June 8, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) "Maple Gold" or the "Company") is pleased to report that Dr. Gérald Riverin has joined the Company's board of directors and technical advisory committee. Dr. Riverin obtained his Ph.D. from Queen's University in 1977 and has been involved in the discovery and development of several notable properties in Quebec, including the Troilus open pit gold-copper mine near Chibougamau. Maple...
2020-06-08 6:30 AM EDT
Maple Gold Summarizes Winter Drilling at the Nika Zone
Montreal, Quebec--(Newsfile Corp. - June 4, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to report further assay results from its 2020 winter drilling campaign at the Douay Project, following positive drill results reported previously for 531, NW and Western Porphyry Zones, as well as significant IP anomalies in the 531 Zone, Main Zone and NE Vezza-style target areas. Drilling at the Nika Zone included four planned drillholes...
2020-06-04 7:00 AM EDT
Maple Gold Intersects 1.91 g/t Au over 17m in Western Part of Porphyry Zone; Hole Ends in Mineralization, with 1.06 g/t Au over 7.0m
Montreal, Quebec--(Newsfile Corp. - May 27, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to report new assay results from its 2020 winter drilling campaign at the Douay Project. Three drillholes were completed in the western part of the Porphyry Zone where higher than deposit average grades are present and historical drilling is relatively sparse. Highlights for DO-20-283 and DO-20-280 are given below: ➢ DO-20-283 tested a 140m...
2020-05-27 7:00 AM EDT
Maple Gold Intersects Multiple Gold Zones Within 100 Metres from Surface at The NW Zone
Montreal, Quebec--(Newsfile Corp. - May 6, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to report new assay results from its 2020 winter drilling campaign at the Douay Project. The Company planned a single drill-hole (DO-20-272) near the limit of the NW Zone this winter, a zone which has only seen two drill holes since 1997. Maple Gold's geologists identified a significant drilling gap of approximately 300 metres to the west of...
2020-05-06 6:30 AM EDT
Maple Gold Summarizes Winter Drilling and Exploration Work at Douay and Provides Corporate Updates
Montreal, Quebec--(Newsfile Corp. - April 28, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to summarize the recently completed drilling and exploration work at the Company's Douay Gold Project. A total of 13 drill-holes and one drill-hole extension were completed for a total of 4,370 metres. Assays remain outstanding for 12 drill-holes (1-NW Zone, 4-Nika Zone and 7-Porphyry Zone). A brief summary of the various objectives and...
2020-04-28 6:30 AM EDT
Maple Gold Details 1,500 Metre Long Drill-Ready Target Area with New Induced Polarization Survey
Montreal, Quebec--(Newsfile Corp. - April 8, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to announce that the Company's infill induced polarization (IP) lines at the Northeast IP Target now includes a 1,500m metre long drill-ready target area in the SW portion of a 3km corridor of chargeability anomalies, with both known local geology and Induced Polarization response interpreted to be favourable for new Vezza-type gold...
2020-04-08 6:30 AM EDT
Maple Gold Outlines Covid-19 Response and Provides Corporate Updates
Montreal, Quebec--(Newsfile Corp. - March 24, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is taking a number of risk-mitigating measures in response to Covid-19, Provincial legislation and the current market conditions. Maple Gold's President and CEO, Matthew Hornor, stated: "The potential duration of turbulence in the capital markets as a result of the coronavirus pandemic remains unclear. We believe a number of macroeconomic factors...
2020-03-24 6:00 AM EDT
Maple Gold Drills Additional Higher-Grade Mineralisation and Defines Open IP Anomaly at the 531 Zone
Montreal, Quebec--(Newsfile Corp. - March 16, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to provide an update and new exploration results for the 531 Zone. Maple Gold paused drilling after completing two holes at the 531 Zone ("531") and commenced drilling at other zones, given the potential impact new 3D Induced Polarization (IP) results could have on supporting the Company's current target concepts and prioritizing next...
2020-03-16 7:00 AM EDT
Maple Gold Receives $400,000 in Tax Refunds and Plans Additional Artificial Intelligence Study to Enhance Predictive Modelling at Douay
Montreal, Quebec--(Newsfile Corp. - March 2, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to announce that the Company has received a Notice of Assessment from Revenu Quebec ("RQ") for $399,966 in tax refunds pertaining to qualified 2018 exploration expenditures. The Company has received the first installment of $325,644 from RQ, and expects to receive the balance in the coming weeks. Maple Gold is also planning to complete...
2020-03-02 6:00 AM EST
Maple Gold Mobilizes Drill Rig to NW Zone and Provides Drill Campaign Update
Montreal, Quebec--(Newsfile Corp. - February 24, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to announce that a drill rig has been mobilized to the NW Zone where drilling has commenced with a single drill-hole to test the lateral continuity of near-surface high grade mineralisation. Following the completion of the NW Zone drill-hole, the Company plans to start drilling priority targets within the Nika Zone (4-5 holes planned)...
2020-02-24 6:30 AM EST
Maple Gold Commences Induced Polarization Work to Test for Potential Higher-Grade Gold Lenses
Montreal, Quebec--(Newsfile Corp. - January 29, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to announce that induced polarization ("IP") work recently commenced at Douay, with the aim of establishing new high-grade discovery targets during the first quarter. One area prospective for new higher grade discoveries is located approximately 6km NE of the Douay deposit's 531 Zone. Several chargeability anomalies were defined during...
2020-01-29 10:23 AM EST
Maple Gold Commences Drilling at the 531 Zone
Montreal, Quebec--(Newsfile Corp. - January 20, 2020) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to announce that the first drill rig has arrived at the Project and has begun testing priority high-grade targets at the 531 Zone (see figure 1). Last year Maple Gold created a new 3D model that guided the decision to drill at the 531 Zone, where no drilling had been completed since 2007. The lone drill hol e at the 531 Zone during the...
2020-01-20 7:30 AM EST
Maple Gold closes final $330,000 tranche from previously announced private placement
Montreal, Quebec--(Newsfile Corp. - December 30, 2019) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to announce that it has closed the Second Offering from its previously announced non-brokered private placement for total gross proceeds of C$330,000. On December 23, 2019, the Company announced that it had arranged additional non-brokered flow-through financing (the "Second Offering") for C$210,000 through the issuance of 1,500,000...
2019-12-30 4:30 PM EST
Maple Gold closes previously announced C$1,132,000 private placement and arranges additional $330,000 financing
Montreal, Quebec--(Newsfile Corp. - December 23, 2019) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement for total gross proceeds of C$1,132,000 and has subsequently arranged an additional $330,000 in financing. On December 19, 2019 the Company announced that it had arranged a non-brokered flow-through financing for aggregate gross proceeds of...
2019-12-23 3:45 PM EST