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The latest update is out from Maple Gold Mines Ltd ( (TSE:MGM) ).
Maple Gold Mines Ltd has initiated a 10,000-metre diamond drilling program at its Douay Gold Project to expand and upgrade the current mineral resource. This effort is part of a broader 2025 outlook that includes further development initiatives and an additional drilling phase at the Joutel Gold Project. The company aims to de-risk the Douay deposit by reviewing its mineral resource estimate and evaluating scenarios for optimizing underground mining. By focusing on higher-grade deposits and leveraging extensive exploration data, Maple Gold seeks to unlock significant exploration potential and deliver value to shareholders, with a fully funded exploration budget of approximately $6.3 million.
More about Maple Gold Mines Ltd
Maple Gold Mines Ltd is a mining company focused on the exploration and development of gold properties. Their primary assets include the Douay and Joutel Gold Projects located in Québec, Canada, situated along the Casa Berardi-Douay Gold Trend.
YTD Price Performance: -16.67%
Average Trading Volume: 262,017
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$22.74M
For an in-depth examination of MGM stock, go to TipRanks’ Stock Analysis page.
