GRAPH ICON
TSX.V: MGM
GRAPH ICON
OTCQB: MGMLF
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The former Eagle underground mine formed a part of Agnico's first gold operation (the Joutel Mining Complex) and included a production shaft that extends to a depth of approximately 950 metres. Historical production commenced at Eagle in 1974 and subsequently shifted to Telbel (currently part of the 50-50 JV between Maple and Agnico). Combined with the Telbel underground mine, which included a production shaft that extends to a depth of approximately 1,200 metres, and the Eagle West open-pit/underground mines, the Joutel Mining Complex produced approximately 1.1 million ounces of gold from Eagle, Telbel and Eagle West (approximately 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 a series of six widely spaced infill and step-out drill holes. This included hole EM-14-001, which returned 12.4 m of 2.9 g/t Au from 347 to 359 m downhole, including 4.8 m of 5.4 g/t Au.

Globex drill core from holes completed between 2008 to 2015 were repatriated by Maple Gold and observed to exhibit multiple sulfide horizons, with variable amounts of associated iron carbonate and quartz, mainly within a strongly deformed sedimentary and pyroclastic package. Similar alteration and mineralization were also noted within weakly deformed subvolcanic mafic intrusives.

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