Announcement • Jun 12
Maple Gold Mines Ltd. Technical Report and Updated Mineral Resource Estimate for the Douay/Joutel Gold Project, Québec
Maple Gold Mines Ltd. announced the filing of a technical report in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects on its 100%-owned Douay Gold Project and Joutel Gold Project located along the Casa Berardi-Douay Gold Trend in Québec, Canada. The technical report, titled “NI 43-101 Technical Report, Douay/Joutel Gold Project, Northwestern Quebec, Canada” and dated June 11, 2026 (effective date of April 24, 2026), was prepared by Mr. Denis Decharte, P.Eng., of SLR Consulting (Canada) Ltd., an Independent Qualified Person as defined under NI 43-101, to support the disclosure of the updated Douay/Joutel MRE that was previously announced in the Company’s news release dated April 27, 2026. The Technical Report is available on SEDAR+ under Maple Gold’s issuer profile and on the Company’s website. The updated Mineral Resource Estimate for the Douay/Joutel Gold Project now stands at 905,000 ounces of gold Indicated (19.1 million tonnes at 1.48 grams per tonne Au) and 4,279,000 ounces Au Inferred (130.2 million tonnes at 1.03 grams per tonne Au) including: an updated Douay pit-constrained MRE (at a cut-off grade of 0.35 grams per tonne Au): 731,000 ounces Au Indicated (17.3 million tonnes at 1.31 grams per tonne Au) and 2,744,000 ounces Au Inferred (111.1 million tonnes at 0.77 grams per tonne Au); an updated Douay underground MRE (at a cut-off grade of 0.98 grams per tonne Au): 48,000 ounces Au Indicated (0.9 million tonnes at 1.66 grams per tonne Au) and 560,000 ounces Au Inferred (11.7 million tonnes at 1.50 grams per tonne Au); and a maiden Joutel underground MRE (at a cut-off grade of 1.70 grams per tonne Au): 126,000 ounces Au Indicated (0.9 million tonnes at 4.53 grams per tonne Au) and 992,000 ounces Au Inferred (7.5 million tonnes at 4.11 grams per tonne Au). Results from the Company’s ongoing 32,000-metre Douay/Joutel drill program are not included in the updated MRE; approximately 67 holes totaling approximately 31,200 metres have been completed since the November 1, 2025 data cut-off date for the MRE, with additional, fully funded drilling planned in the second half of 2026 and 2027. 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. 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 Mineral Resource estimates for the Project may be influenced by technical and economic factors, including assumptions related to metal prices, exchange rates, cut-off grades, geological interpretation, grade continuity, density values, and the design parameters used for open-pit and underground reporting shapes. Actual mineralization may differ from current interpretations due to natural geological variability typical of Abitibi gold deposits and future drilling, sampling, and updated estimation methodologies. Uncertainty increases from the Indicated to the Inferred Resource categories.
