Tuesday, May 17, 2022
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Cloud Mining
  • Crypto Coins
  • Crypto ICOs
  • Mining/Wallet Downloads
No Result
View All Result
The Crypto Mining Hub
No Result
View All Result
Home Mining Hardware

Maple Gold Mines to purchase former Eagle mine in Quebec

CryptoGuru by CryptoGuru
July 19, 2021
Maple Gold Mines to purchase former Eagle mine in Quebec
Share on FacebookShare on Twitter

Possession of the past-producing Eagle gold mine will consolidate the Joutel three way partnership. Credit score: Maple Gold Mines.

By: Marilyn Scales
July 19, 2021

Maple Gold Mines (TSXV: MGM; US-OTC: MGMLF) has entered into an possibility settlement with Globex Mining Enterprises (TSX: GMX; US-OTC: GLBXF) relating to the past-producing Eagle gold mine, 60 km southwest of Matagami, Quebec.

Possession of the mine will consolidate the historic high-grade Eagle-Telbel underground mines on the Joutel gold challenge. It is a 50:50 three way partnership of Maple Gold Mines and Agnico Eagle Mines (TSX: AEM; NYSE: AEM).

The Eagle, Eagle West and Telbel underground mines and the Eagle West pit produced 1.1 million oz. of gold between 1974 and 1993 as a part of Agnico’s first gold camp. The outdated manufacturing shaft on the web site is about 950 metres deep. Throughout the second-to-last yr of operation at Eagle, Agnico drilled a gap that returned 10.2 metres of 10.2 grams gold per tonne. 

Globex drilled six broadly spaced holes between 2008 and 2015, together with 12.4 metres of two.9 grams gold per tonne starting at 347 metres, together with 4.8 metres of 5.4 grams gold per tonne.

Maple Gold will purchase a 100% curiosity within the Eagle property by paying Globex a complete of $1.2 million in money and shares over 5 years and spending $1.2 million on exploration over 4 years, which might be accelerated at Maple  Gold’s discretion. Globex will retain a 2.5% gross metallic royalty that may lowered to a 1.5% GMR in return for a money fee of $1.5 million.

The Joutel gold challenge additionally hosts a number of regional exploration targets alongside a 55-km strike size of the Casa Berardi deformation zone.

 



COMMODITY:
Gold

By persevering with to browse you comply with our use of cookies. To be taught extra, click on more information

Pricey consumer, please remember that we use cookies to assist customers navigate our web site content material and to assist us perceive how we are able to enhance the consumer expertise. When you have concepts for a way we are able to enhance our providers, we’d love to listen to from you. Click here to e mail us. By persevering with to browse you comply with our use of cookies. Please see our Privacy & Cookie Usage Policy to be taught extra.

Close

CryptoGuru

CryptoGuru

Next Post
TransAlta hits milestone in its coal phase-out

TransAlta hits milestone in its coal phase-out

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

Britishvolt secures $54m from Glencore for UK gigafactory

Britishvolt secures $54m from Glencore for UK gigafactory

February 15, 2022
Mako nears commercial gold production in Nicaragua

Mako nears commercial gold production in Nicaragua

May 22, 2021

Trending.

New GMiner 2.43 With Give attention to Ethash Mining Enhancements and Stability

New GMiner 2.43 With Give attention to Ethash Mining Enhancements and Stability

November 5, 2021
Up to date “Zombie Mode” for AMD Radeon RX 470/570 and RX 480/580 4GB GPUs for Ethereum Mining

Up to date “Zombie Mode” for AMD Radeon RX 470/570 and RX 480/580 4GB GPUs for Ethereum Mining

June 24, 2021
Monero GPU Mining Hardware Benchmarks & GPU Mining Guide

Monero GPU Mining Hardware Benchmarks & GPU Mining Guide

May 21, 2021
Monero CPU Mining Hardware Benchmarks & CPU Mining Guide

Monero CPU Mining Hardware Benchmarks & CPU Mining Guide

May 21, 2021
JV Article: PCL Building – By no means too huge to name

JV Article: PCL Building – By no means too huge to name

November 15, 2021
The Crypto Mining Hub

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Categories

  • Cloud Mining
  • Crypto Coins
  • Crypto ICOs
  • Mining Hardware
  • Mining Software
  • Uncategorized

Recent News

Zinc joins battery race within the US

Zinc joins battery race within the US

May 17, 2022
Revival Gold boosts Beartrack-Arnett useful resource in Idaho, shares surge  

Revival Gold boosts Beartrack-Arnett useful resource in Idaho, shares surge  

May 17, 2022
  • Contact Us
  • Privacy Policy

© 2021 Cryptomininghub.net- All rights reserved

No Result
View All Result
  • Home
  • Cloud Mining
  • Crypto Coins
  • Crypto ICOs
  • Mining/Wallet Downloads

© 2021 Cryptomininghub.net- All rights reserved

Go to mobile version