15 Nov Drilling resumes at Maple Gold’s Douay JV project in Québec
TSXV-listed Maple Gold Mines has confirmed that drilling has resumed at the Douay Gold Project in the Canadian province of Québec, following a short break to prepare for fall and winter operations.
Fall 2021 drilling is underway at Douay, which is being advanced in a 50:50 JV with Agnico Eagle Mines, with the first drill rig now on site. A second drill rig is expected to arrive in early December to commence a planned Phase I drill programme at Maple Gold’s 100%-controlled Eagle Mine Property.
Drilling will continue with two rigs through Q1 2022 to test additional targets as part of the JV’s planned winter 2022 drill campaign. “We are incredibly excited to get the drills turning again at Douay and also look forward to testing high priority targets at Eagle in a matter of weeks,” said Maple Gold president and CEO Matthew Hornor.
“In addition, we are working closely with our JV partner to refine drill targets for the winter 2022 campaign, with up to 20,000 metres of planned drilling during the next six months across our 400 km² property package. Based on the JV’s exploration success last season, we anticipate generating compelling drill results that advance the company’s mineral potential across multiple deposits.”
The Douay project currently contains 2.77 million ounces of gold with huge mineralisation upside potential at depth. The ultimate goal of the JV is to grow the resource into an open pit mine with a subsequent underground expansion component, similar to Agnico’s 50%-owned Canadian Malartic operation near Val d’Or in Québec.