# Maple Gold Files Technical Report and Updated Mineral Resource Estimate for the Douay/Joutel Gold Project, Qu&\#xE9;bec Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/maple-gold-files-technical-report-and-updated-mineral-resource-estimate-for-the--1bd1f9c2-a9c1-4663-b51d-123dde9b34b3 Original source: https://money.tmx.com/en/quote/MGM/news/7028009135977224/maple-gold-files-technical-report-and-updated-mineral-resource-estimate-for-the- Publisher: tmx Original announcement: 2026-06-11T23:08:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Maple Gold Mines Ltd. - Ticker: MGM - Exchange: TSX - Region: Québec - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-16 10:33:12 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Maple Gold has filed an updated Mineral Resource Estimate for its Douay/Joutel Gold Project in Québec, reporting a combined 0.9 million ounces of gold Indicated and 4.3 million ounces Inferred. This update includes a maiden high-grade underground resource for the Joutel project and significant growth in both tonnage and contained metal for the Douay project. While the overall resource has expanded substantially, the combined M&I percentage remains low, and some categories show grade dilution linked to lowered cut-off grades. Reasoning: The updated MRE demonstrates substantial growth in contained gold ounces for the Douay/Joutel project, including a maiden high-grade resource at Joutel, which is a significant positive. However, the overall resource confidence remains low with a high inferred component, and grade dilution is evident in some categories, partly due to lowered cut-off grades. - Positive factor: Contained Metal Growth - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Negative factor: Inferred Resource - Negative factor: Grade Decline - Negative factor: Cut-off Lowered - Negative factor: Dilutive Growth Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 10 ## Classification and evidence **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: The combined Douay and Joutel Indicated resource increased by 91% from 10.0 Mt to 19.1 Mt, and the Inferred resource increased by 70% from 76.7 Mt to 130.2 Mt. Evidence · table > +91% Context: 19.1 **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: The combined Douay and Joutel Indicated contained gold increased by 77% from 511 koz to 905 koz, and the Inferred contained gold increased by 70% from 2,525 koz to 4,297 koz. Evidence · table > +77% Context: 905 **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The document explicitly states 'A maiden Joutel underground MRE'. Evidence · text > A maiden Joutel underground MRE **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Mr. Denis Decharte, P.Eng., is stated as the Qualified Person who estimated the resources and approved the contents, and Ian Cunningham-Dunlop, P.Eng., reviewed and approved the scientific and technical information. Evidence · text > The Mineral Resources disclosed in this news release have been estimated by Mr. Denis Decharte, P.Eng., an employee of SLR and independent of Maple Gold. By virtue of his education and relevant experience, Mr. Decharte is a Qualified Person for the purpose of NI 43-101. ... Ian Cunningham-Dunlop, P.Eng. \(PEO/EGBC\), Executive Vice President of Maple Gold, has reviewed, verified and approved the scientific and technical information related to exploration and Mineral Resource matters contained in this news release. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical report was filed in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Evidence · text > filing of a technical report in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The combined Douay and Joutel resource has a large inferred component of 130.2 Mt at 1.03 g/t Au for 4,297 koz Au, representing approximately 87% of the total contained metal. Evidence · table > 130.2 Context: 1.03\* **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: The Douay Open Pit Indicated grade declined by 17% from 1.59 g/t to 1.31 g/t, and the combined Douay and Joutel Indicated grade declined by 7% from 1.59 g/t to 1.48 g/t. Evidence · table > -17% Context: 1.31 **Cut-off Lowered** Polarity: negative Definition: Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation. Why it applies: The Douay Pit-constrained MRE cut-off grade was lowered from 0.45 g/t Au to 0.35 g/t Au, and the Douay Underground MRE cut-off grade was lowered from 1.15 g/t Au to 0.98 g/t Au. Evidence · text > Douay Pit-constrained Mineral Resources for the SLR 2026 MRE are reported above a 0.35 g/t Au COG compared to a 0.45 g/t Au COG for the SLR 2022 MRE. Douay Underground Mineral Resources are reported above a 0.98 g/t Au cut-off grade for the SLR 2026 MRE compared to a 1.15 g/t Au cut-off grade for the SLR 2022 MRE. **Dilutive Growth** Polarity: negative Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion. Why it applies: While tonnage and contained metal increased significantly, the average grade for several categories, including Douay Open Pit Indicated and combined Indicated, declined, partly due to lowered cut-off grades. Evidence · text > Douay Pit-constrained Mineral Resources for the SLR 2026 MRE are reported above a 0.35 g/t Au COG compared to a 0.45 g/t Au COG for the SLR 2022 MRE. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document announces an 'Updated Mineral Resource Estimate' for the Douay/Joutel Gold Project. Evidence · text > Updated Mineral Resource Estimate ## Extracted facts Stored fact records: 10. Some facts used in scoring do not have a stored record. ## Resource Estimates (10) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/maple-gold-files-technical-report-and-updated-mineral-resource-estimate-for-the--1bd1f9c2-a9c1-4663-b51d-123dde9b34b3#fact-resource-facts-0) Douay · gold #### Identity - Project: Douay - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: MGM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Denis Decharte, Ian Cunningham-Dunlop - Resource group id: resource:c8f64465084b55cecc44 #### Resource Data - Category: indicated - Tonnes: 17300000 - Grade: 1.31 - Grade Unit: g/t - Contained Metal: 731 - Contained Unit: koz - Cutoff Grade: 0.35 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-04-24 - Prior Tonnes: 10000000 - Prior Grade: 1.59 - Prior Contained Metal: 511 - Prior Cutoff Grade: 0.45 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-11T00:00:00.000Z Reasoning: The Douay Open Pit Indicated resource shows significant tonnage and contained metal growth, but with a notable grade decline and a lowered cut-off grade compared to the prior estimate. - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Negative factor: Grade Decline - Negative factor: Cut-off Lowered - Negative factor: Dilutive Growth Evidence · table > 1.31 Context: 17.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 17300000 against 10000000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 1.31 against 1.59 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 731 against 511 previously **Cut-off Lowered** Polarity: negative Definition: Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation. Why it applies: 0.35 against 0.45 previously ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/maple-gold-files-technical-report-and-updated-mineral-resource-estimate-for-the--1bd1f9c2-a9c1-4663-b51d-123dde9b34b3#fact-resource-facts-1) Douay · gold #### Identity - Project: Douay - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: MGM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Denis Decharte, Ian Cunningham-Dunlop - Resource group id: resource:884413c635378870ab2a #### Resource Data - Category: inferred - Tonnes: 111100000 - Grade: 0.77 - Grade Unit: g/t - Contained Metal: 2744 - Contained Unit: koz - Cutoff Grade: 0.35 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-04-24 - Prior Tonnes: 68200000 - Prior Grade: 0.94 - Prior Contained Metal: 2065 - Prior Cutoff Grade: 0.45 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-11T00:00:00.000Z Reasoning: The Douay Open Pit Inferred resource shows substantial tonnage and contained metal growth, but it remains in the inferred category with a lower grade and a reduced cut-off grade compared to the prior estimate. - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Negative factor: Inferred Resource - Negative factor: Grade Decline - Negative factor: Cut-off Lowered - Negative factor: Dilutive Growth Evidence · table > 0.77 Context: 111.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 111100000 against 68200000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 0.77 against 0.94 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 2744 against 2065 previously **Cut-off Lowered** Polarity: negative Definition: Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation. Why it applies: 0.35 against 0.45 previously ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/maple-gold-files-technical-report-and-updated-mineral-resource-estimate-for-the--1bd1f9c2-a9c1-4663-b51d-123dde9b34b3#fact-resource-facts-2) Douay · gold #### Identity - Project: Douay - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: MGM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Denis Decharte, Ian Cunningham-Dunlop - Resource group id: resource:a79cec64f76a466f5905 #### Resource Data - Category: indicated - Tonnes: 900000 - Grade: 1.66 - Grade Unit: g/t - Contained Metal: 48 - Contained Unit: koz - Cutoff Grade: 0.98 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-04-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-11T00:00:00.000Z Reasoning: This is a new indicated underground resource for Douay, adding to the project's overall resource base, though no prior comparison is available in the document. - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed Evidence · table > 1.66 Context: 0.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/maple-gold-files-technical-report-and-updated-mineral-resource-estimate-for-the--1bd1f9c2-a9c1-4663-b51d-123dde9b34b3#fact-resource-facts-3) Douay · gold #### Identity - Project: Douay - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: MGM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Denis Decharte, Ian Cunningham-Dunlop - Resource group id: resource:fc69a22fb12f12a8af28 #### Resource Data - Category: inferred - Tonnes: 11700000 - Grade: 1.5 - Grade Unit: g/t - Contained Metal: 560 - Contained Unit: koz - Cutoff Grade: 0.98 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-04-24 - Prior Tonnes: 8500000 - Prior Grade: 1.68 - Prior Contained Metal: 460 - Prior Cutoff Grade: 1.15 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-11T00:00:00.000Z Reasoning: The Douay Underground Inferred resource shows good growth in tonnage and contained metal, but with a lower average grade and a reduced cut-off grade compared to the previous estimate, and it remains in the inferred category. - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Negative factor: Inferred Resource - Negative factor: Grade Decline - Negative factor: Cut-off Lowered - Negative factor: Dilutive Growth Evidence · table > 1.50 Context: 11.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 11700000 against 8500000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 1.5 against 1.68 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 560 against 460 previously **Cut-off Lowered** Polarity: negative Definition: Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation. Why it applies: 0.98 against 1.15 previously ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/maple-gold-files-technical-report-and-updated-mineral-resource-estimate-for-the--1bd1f9c2-a9c1-4663-b51d-123dde9b34b3#fact-resource-facts-4) Douay · gold #### Identity - Project: Douay - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: MGM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Denis Decharte, Ian Cunningham-Dunlop - Resource group id: resource:980fc63756126675e4d3 #### Resource Data - Category: indicated - Tonnes: 18200000 - Grade: 1.33 - Grade Unit: g/t - Contained Metal: 779 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-04-24 - Prior Tonnes: 10000000 - Prior Grade: 1.59 - Prior Contained Metal: 511 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-11T00:00:00.000Z Reasoning: The total Douay Indicated resource shows strong growth in tonnage and contained metal, but with a decline in average grade compared to the prior estimate. - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Negative factor: Grade Decline - Negative factor: Dilutive Growth Evidence · table > 1.33 Context: 18.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 18200000 against 10000000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 1.33 against 1.59 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 779 against 511 previously ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/maple-gold-files-technical-report-and-updated-mineral-resource-estimate-for-the--1bd1f9c2-a9c1-4663-b51d-123dde9b34b3#fact-resource-facts-5) Douay · gold #### Identity - Project: Douay - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: MGM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Denis Decharte, Ian Cunningham-Dunlop - Resource group id: resource:d6077bedcf5dc59398ae #### Resource Data - Category: inferred - Tonnes: 122700000 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 3305 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-04-24 - Prior Tonnes: 76700000 - Prior Grade: 1.02 - Prior Contained Metal: 2525 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-11T00:00:00.000Z Reasoning: The total Douay Inferred resource shows substantial growth in tonnage and contained metal, but it remains in the inferred category with a lower average grade compared to the prior estimate. - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Negative factor: Inferred Resource - Negative factor: Grade Decline - Negative factor: Dilutive Growth Evidence · table > 0.84 Context: 122.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 122700000 against 76700000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 0.84 against 1.02 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 3305 against 2525 previously ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/maple-gold-files-technical-report-and-updated-mineral-resource-estimate-for-the--1bd1f9c2-a9c1-4663-b51d-123dde9b34b3#fact-resource-facts-6) Joutel · gold #### Identity - Project: Joutel - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: MGM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Denis Decharte, Ian Cunningham-Dunlop - Resource group id: resource:1757f49bed9ff99a35e4 #### Resource Data - Category: indicated - Tonnes: 900000 - Grade: 4.53 - Grade Unit: g/t - Contained Metal: 126 - Contained Unit: koz - Cutoff Grade: 1.7 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-04-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-11T00:00:00.000Z Reasoning: This is a maiden indicated underground resource for Joutel, demonstrating high-grade gold potential and adding a new component to the overall project resource. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed Evidence · table > 4.53 Context: 0.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/maple-gold-files-technical-report-and-updated-mineral-resource-estimate-for-the--1bd1f9c2-a9c1-4663-b51d-123dde9b34b3#fact-resource-facts-7) Joutel · gold #### Identity - Project: Joutel - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: MGM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Denis Decharte, Ian Cunningham-Dunlop - Resource group id: resource:9c427f6eab066d3ccb43 #### Resource Data - Category: inferred - Tonnes: 7500000 - Grade: 4.11 - Grade Unit: g/t - Contained Metal: 992 - Contained Unit: koz - Cutoff Grade: 1.7 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-04-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-11T00:00:00.000Z Reasoning: This is a maiden inferred underground resource for Joutel, indicating significant high-grade gold potential, though it is in the less confident inferred category. - Positive factor: Maiden Resource - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Negative factor: Inferred Resource Evidence · table > 4.11 Context: 7.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/maple-gold-files-technical-report-and-updated-mineral-resource-estimate-for-the--1bd1f9c2-a9c1-4663-b51d-123dde9b34b3#fact-resource-facts-8) Douay and Joutel · gold #### Identity - Project: Douay and Joutel - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: MGM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Denis Decharte, Ian Cunningham-Dunlop - Resource group id: resource:fe52fb06f0bf70ad139e #### Resource Data - Category: indicated - Tonnes: 19100000 - Grade: 1.48 - Grade Unit: g/t - Contained Metal: 905 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-04-24 - Prior Tonnes: 10000000 - Prior Grade: 1.59 - Prior Contained Metal: 511 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-11T00:00:00.000Z Reasoning: The combined Douay and Joutel Indicated resource shows exceptional growth in tonnage and contained metal, establishing a significant resource base, though with a slight decline in overall grade. - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Negative factor: Grade Decline - Negative factor: Dilutive Growth Evidence · table > 1.48\* Context: 19.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 19100000 against 10000000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 1.48 against 1.59 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 905 against 511 previously ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/maple-gold-files-technical-report-and-updated-mineral-resource-estimate-for-the--1bd1f9c2-a9c1-4663-b51d-123dde9b34b3#fact-resource-facts-9) Douay and Joutel · gold #### Identity - Project: Douay and Joutel - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: MGM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Denis Decharte, Ian Cunningham-Dunlop - Resource group id: resource:aa97d423691e2a3772b5 #### Resource Data - Category: inferred - Tonnes: 130200000 - Grade: 1.03 - Grade Unit: g/t - Contained Metal: 4297 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-04-24 - Prior Tonnes: 76700000 - Prior Grade: 1.02 - Prior Contained Metal: 2525 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-11T00:00:00.000Z Reasoning: The combined Douay and Joutel Inferred resource shows exceptional growth in tonnage and contained metal, significantly expanding the project's overall potential, though it remains in the inferred category. - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: NI 43-101 Compliant - Positive factor: QP/CP Signed - Negative factor: Inferred Resource Evidence · table > 1.03\* Context: 130.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 130200000 against 76700000 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 4297 against 2525 previously ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.