Wednesday, July 20, 2022

Maple Gold Mines (MGMLF)
Geophysical Survey Underscores Growing Resource Potential

Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.

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Geophysical survey results identify new target areas. Maple Gold announced results from a regional airborne magnetic and electromagnetic survey across 278 square kilometers of its joint venture-controlled ground, including the western half of the Douay gold project and the entire Joutel gold project. The survey identified several underexplored target areas and additional targets for follow-up drilling at both Douay and Joutel. The Mag-EM survey results revealed additional targets, not only in the Eagle-Telbel mine area, but also on the greater Douay property where the company identified volcanogenic massive sulfide (VMS) targets in 2018.

Four target areas are underexplored. Multiple anomalies revealed in the survey were categorized into four target areas including: 1) Joutel targets that include several EM anomalies within two to three kilometers of the historical Eagle, Telbel and Eagle West deposits where drilling has been limited, 2) Southeast targets that occur along the largely undrilled Douay-Joutel property boundary, 3) Central targets at Douay to the west of the mineral resource area, and 4) Northwest targets at Douay that are associated with an intrusive-like magnetic anomaly that is over 2 kilometers wide. The central targets at Douay partly coincide and extend beyond VMS copper-zinc-(gold) anomalies identified by the company in 2018….

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.