Tuesday, January 10, 2023
Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.
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Eagle drilling program. In 2022, Maple Gold completed a total of 28 drill holes representing 13,823 meters of drilling at its 100%-controlled Eagle Mine property. Maple Gold released assay results from five follow-up holes that targeted northwest extensions of the main mine horizon and multiple sub-parallel gold horizons. Hole EM-22-015 returned seven discrete intercepts over a 120-meter interval, including 10.3 grams of gold per tonne over 7.8 meters in the North Mine Horizon.
Potential for a broader mineralized zone. Drill results appear to support Maple’s view that multiple sub-parallel gold horizons exist beyond what was historically mined at Eagle, along with expanding target areas along a broader mineralized corridor. Management believes a concentration of gold in excess of 10 grams per tonne begins near surface and extends down-plunge to Hole EM-22-015 intercepts along the North Mine Horizon in an area with limited drilling that represents just one of several follow-up targets that the company will pursue in 2023.
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