Maple Gold Mines posts updated Mineral Resource Estimate for Douay/Joutel Gold Project, Québec
Maple Gold Mines Ltd. [TSXV: MGM; OTCQX: MGMLF; FSE: M3G0] reported a significant update to the independent Mineral Resource Estimate (2026 MRE) at its 100%-owned Douay Gold Project and Joutel Gold Project (together, Douay/Joutel or the Project), further establishing Douay/Joutel as a growing, district-scale gold project in Québec’s Abitibi region.
Pit-constrained and underground Mineral Resources at Douay have both increased along with further conversion from Inferred to Indicated Mineral Resource categories based on successful exploration and infill drilling between October 2021 and November 2025, comprehensive mineralization modeling, and using higher cost and gold price assumptions compared to the 2022 MRE. The 2026 MRE also includes a maiden high-grade underground Mineral Resource at Joutel, which hosts the past-producing, high-grade Joutel Mining Complex.
The Douay pit-constrained 2026 MRE is reported at a cut-off grade (COG) of 0.35 g/t gold and consists of an Indicated Resource of 17.3 million tonnes (Mt) at an average grade of 1.31 g/t Au totaling 731,000 ounces Au and an Inferred Resource of 111.1 Mt at an average grade of 0.77 g/t totaling 2,744,000 oz Au.
The Douay underground 2026 MRE is reported at a COG of 0.98 g/t Au and consists of Indicated Resource of 0.9 Mt at an average grade of 1.66 g/t Au totaling 48,000 oz Au; and Inferred Resource of 11.7 Mt at an average grade of 1.50 g/t Au totaling 560,000 oz Au.
The Joutel underground 2026 MRE is reported at a COG of 1.70 g/t Au and consists of Indicated Resource of 0.9 Mt at an average grade of 4.53 g/t Au totaling 126,000 oz Au; and Inferred Resource of 7.5 Mt at an average grade of 4.11 g/t Au totaling 992,000 oz Au.
“The 2026 MRE marks a major milestone for Maple Gold, delivering substantial resource growth at Douay based on limited drilling and establishing a maiden high-grade underground Mineral Resource at Joutel, which together have added 394,000 Indicated and 1,772,000 Inferred gold ounces (+77% and +70%, respectively) to the company’s 2026 Mineral Resource Inventory relative to the 2022 MRE,” stated Kiran Patankar, President and CEO of Maple Gold. “This rapid advancement trajectory highlights the strategic value of Douay/Joutel, a rare, district-scale, multi-million-ounce gold project with demonstrated geological upside located in Québec’s established, infrastructure-rich Abitibi Gold Belt.
“Importantly, the 2026 MRE provides a new baseline for growth, as it does not yet incorporate positive step-out results from our ongoing 32,000-metre winter drill program. Building on this momentum, Maple Gold is planning aggressive, fully funded drill programs for H2 2026 and 2027 to drive further near-term resource expansion at the Douay and Joutel deposits, both of which remain open, while advancing high-priority discovery targets across the Company’s ~481 km² land package.”
The 2026 MRE is based on a total Douay drill database of 924 holes totaling 300,579 metres of which 52 holes totaling 31,186 metres were completed by the company between October 2021 and November 2025, and a total Joutel drill database of 3,515 holes totaling 335,661 metres.
Approximately 58 holes totaling approximately 26,000 metres have been completed at Douay/Joutel since the November 1, 2025 data cut-off date for the 2026 MRE. A further 6,000 metres has been approved and permitted as part of the current Douay/Joutel drill program, including step-out and deeper holes. Results from Fall 2025 and Winter 2026 drilling are not included in the 2026 MRE.
The 2026 MRE was prepared by SLR Consulting (Canada) Ltd. and has an effective date of April 24, 2026. A technical report is being prepared in accordance with CIM NI 43-101 standards (2014).
The Mineral Resource estimates have been constrained within conceptual open pit and underground shapes that are based on reasonable assumptions for mining, metallurgical, economic, and permitting parameters and demonstrate reasonable prospects for eventual economic extraction (RPEEE). These assumptions include metal prices, recoveries, operating costs, and mine design parameters consistent with comparable projects in the Abitibi Greenstone Belt and reflecting current industry practice at the time of estimation.
The company continues to advance its fully funded 32,000-metre 2026 winter drill program, with results from 58 holes totaling approximately 26,000 metres not included in the 2026 MRE. Ongoing and planned drilling is focused on testing along strike, up- and down-plunge extensions of higher-grade zones at Douay and Joutel, as well as advancing high-priority discovery targets across the company’s broader land package. Assays have been reported for 28 drill holes to date, with pending assay results for 30 drill holes.
Concurrent development initiatives are planned throughout 2026 to advance and de-risk Douay/Joutel, including an internal scoping/engineering/trade-off study to assess potential mining scenarios.
A total exploration budget of $13.9 million has been approved for 2026, covering permitting, approximately 32,000 m of diamond drilling, regional sonic drilling, assaying, personnel, and site support costs. The 2026 winter drill program is fully funded from the Company’s existing treasury, with planning for fully funded H2 2026 and 2027 drilling programs currently underway.
The Douay/Joutel Gold Project is located adjacent to Highway 109 in the heart of Québec’s Abitibi greenstone belt, Canada’s premier gold mining jurisdiction. This large, 100%-owned land package includes the company’s flagship Douay Gold Project, which hosts an established pit-constrained and underground mineral resource3 containing 779,000 ounces of gold (Indicated) and 3.31 million ounces of gold (Inferred), as well as the Joutel Gold Project, which hosts an established underground mineral resource4 containing 126,000 ounces of gold (Indicated) and 992,000 ounces of gold (Inferred) proximal to the past-producing, high-grade Joutel Mining Complex. The Property contains ~481 km2 of highly prospective geology within the influence of the major gold-bearing Casa Berardi Deformation Zone. Gold mines in the immediate region include the Casa Berardi Gold Mine, operated by Orezone Gold Corporation, and the Detour Lake Gold Mine operated by Agnico Eagle Mines Limited.
Maple Gold’s property package also hosts a significant number of regional exploration targets along a 55-km strike length of the Casa Berardi Deformation Zone that have yet to be tested through drilling, making the property ripe for new gold and volcanogenic massive sulphide (VMS) discoveries.
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