GRAPH ICON

TSXV: MGM

Market Price: $0.09
GRAPH ICON

OTC: MGMLF

Market Price: $0.06
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The former underground Eagle Mine was part of Agnico's first gold operation, the “Joutel Mining Complex,” which also included the Telbel mine and the Eagle West open pit/underground mines. The Eagle Mine had a production shaft that extended to approximately 950 metres, with historical production beginning in 1974 before operations shifted to Telbel. Together with Telbel, which had a production shaft reaching 1,200 metres, the Joutel Mining Complex produced approximately 1.1 million ounces of gold (from roughly 5 million tonnes of ore at an average grade of 6.5 g/t Au) between 1974 and 1993.

From 2008 to 2015, Globex completed six widely spaced infill and step-out drill holes, including hole EM-14-001, which returned 12.4 m of 2.9 g/t Au from 347 to 359 m downhole, with a high-grade interval of 4.8 m at 5.4 g/t Au.

Globex’s drill core from this period, which was later repatriated by Maple Gold, revealed multiple sulfide horizons, with variable iron carbonate and quartz mineralization, primarily within a strongly deformed sedimentary and pyroclastic package. Similar alteration and mineralization were observed within weakly deformed subvolcanic mafic intrusives. This historical data laid the groundwork for Maple Gold’s ongoing exploration efforts.

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Eagle Core: EM-14-001 intercept with semi-massive pyrite cut by iron carbonate veinlet (lower left) at 354.9 m, part of a 1 m sample interval that gave 13.7 g/t Au.