- The Eagle Mine Property (“Eagle”) hosts the historical underground Eagle Mine, which formed a part of Agnico's past-producing Eagle-Telbel mining complex that produced approximately 1.1 million ounces of gold between 1974 and 1993 during a significantly lower gold price environment.
- Maple Gold signed an option agreement to acquire 100% interest in the Eagle Mine Property with Globex Mining Enterprises Inc. (“Globex”) in 2021 (see option agreement details section below)
- Transaction consolidates a strategic land position along the dominant northwest-southeast gold trend (Harricana Deformation Zone) that hosted the entire Eagle-Telbel mining complex.
- New 3D geological and structural model was completed in Q4/2021 that highlighted several target areas with demonstrated high-grade gold mineralization beyond the mined-out stopes.
- Maple Gold completed three phases of drilling during 2022 for a total of 13,822 m across 28 drill holes. Highlighted results from 2022 drilling at Eagle include: 4.0 g/t Au over 7.5 m, including 6.4 g/t Au over 3.0 m, in hole EM-22-005; 11.4 g/t Au over 3 m, including 24.4 g/t Au over 1 m, in hole EM-22-009; and 10.3 g/t Au over 7.8 m, including 41.1 g/t Au over 1.0 m, in hole EM-22-015.
- The 2022 drill results continue to support the Company's view that multiple sub-parallel gold horizons exist beyond what was historically mined at Eagle and have expanded target areas along a broader mineralized corridor over a stratigraphic thickness that now exceeds 100 metres in width.