Maple Gold lifts Douay's indicated resources by 21%

Quebec project has indicated resources of 511,000oz and inferred resources of 2.53Moz

Nathan Richardson
Maple Gold lifts Douay's indicated resources by 21%

That has taken indicated resources to 511,000 ounces of gold and inferred resources to 2.53 million ounces of gold. 

"Targeted infill drilling demonstrates the potential for future resource conversion within the currently defined mineralised zones and continues to de-risk the deposit. However, the updated model that underpins the 2022 MRE indicates significant room for growth," Maple Gold's president and CEO, Matthew Hornor, said. 

Maple Gold is advancing the property - along with the Joutel property, which is also located in Quebec's Abitibi Greenstone Gold Belt - through a 50/50 joint-venture partnership with Agnico Eagle Mines. 

Maple Gold said the benefits of the projects include "exceptional infrastructure access" and about 400sq km of highly prospective ground, including an established gold resource at Douay, past-producing Eagle, Telbel, and Eagle West mines at Joutel. 

Maple Gold was quoted on the Toronto Stock Exchange at C$0.345/share on March 20, which was up 1% day-on-day. The company had a market capitalisation of C$111.15 million. 


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