The latest results are from the eastern half of the porphyry zone within the current resource area and include 21m at 3.49g/t gold from 365m, including 6m at 9.32g/t.

Maple Gold said the above hole, DO-18-247, confirmed the down-dip extension of the mineralised zones in an historic hole 260m to the north, with a significantly higher grade than the historic results.

"We continue to intersect new zones of mineralisation and given the widely spaced drilling in this eastern part of the resource area, there is still good potential to make additional discoveries with further drilling," president and CEO Matthew Horner said.

The company updated Douay's resource to 9.4 million tonnes at 1.59g/t for 479,000oz indicated and 2.76Moz inferred in February. 

Maple Gold last month said it was implementing a number of cost-cutting measures "given the current market environment".

It had a working capital deficit of $199,302 at the end of March, then raised $3.95 million in a non-brokered private placement at 24c per share in April and a further $2.5 million in flow-through equity financing at 30c per share.

Its shares had reached 34c in January then fell to 12.5c on June 28, closing up slightly yesterday to 15.5c.