# Maple Gold Reports Updated Mineral Resource Estimate for the Douay/Joutel Gold Project, Qu&\#xE9;bec, Including a Maiden High-Grade Underground Mineral Resource Estimate at Joutel Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/maple-gold-reports-updated-mineral-resource-estimate-for-the-douay-joutel-gold-p--79136b8e-5a57-4017-a2e1-63ae139bc645 Original source: https://money.tmx.com/en/quote/MGM/news/7196548311942786/maple-gold-reports-updated-mineral-resource-estimate-for-the-douay-joutel-gold-p Publisher: tmx Original announcement: 2026-04-27T11:00:00.000Z 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 10:46:17 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Maple Gold has announced an updated Mineral Resource Estimate for its Douay/Joutel Gold Project in Québec, reporting a 77% increase in total project Indicated Resources to 905,000 ounces of gold and a 70% increase in Inferred Resources to 4,297,000 ounces of gold. The update includes a maiden high-grade underground resource at Joutel and significant growth in both open pit and underground resources at Douay, further establishing the project as a district-scale gold asset. Reasoning: The updated MRE delivers substantial resource growth, particularly with the maiden high-grade underground resource at Joutel and significant increases in indicated ounces, establishing Douay/Joutel as a major gold project despite some grade dilution. - Positive factor: Significant increase in total indicated and inferred gold ounces \(77% and 70% respectively\) - Positive factor: Maiden high-grade underground resource at Joutel - Positive factor: Conversion of inferred to indicated resources at Douay - Positive factor: Project established as a growing, district-scale gold project - Negative factor: Overall grade dilution due to lower cut-off grades and increased tonnage - Negative factor: Some grade decreases in individual categories Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 10 ## Classification and evidence **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 release explicitly states the inclusion of a 'maiden high-grade underground Mineral Resource at Joutel'. Evidence · text > The 2026 MRE also includes a maiden high-grade underground Mineral Resource at Joutel **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: Total project indicated resources increased by 77% to 19.1 Mt and total inferred resources increased by 70% to 130.2 Mt. Evidence · text > Total Project Indicated Resources Increase 77% to 905,000 Gold Ounces \(19.1 Mt at 1.55 g/t Au\) and Total Project Inferred Resources Increase 70% to 4,279,000 Gold Ounces \(130.2 Mt at 0.88 g/t Au\) **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: Total project indicated gold ounces increased by 77% to 905,000 oz and total inferred gold ounces increased by 70% to 4,279,000 oz. Evidence · text > Total Project Indicated Resources Increase 77% to 905,000 Gold Ounces \(19.1 Mt at 1.55 g/t Au\) and Total Project Inferred Resources Increase 70% to 4,279,000 Gold Ounces \(130.2 Mt at 0.88 g/t Au\) **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., an employee of SLR and independent of Maple Gold, is named as the Qualified Person responsible for the Mineral Resources and has approved the contents of the press release. Evidence · text > The Mineral Resources disclosed in this press 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. ... Mr. Decharte, P.Eng. has read and approved the contents of this press release as it pertains to the disclosed Mineral Resource estimates. **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 is being prepared in accordance with CIM Definition Standards \(2014\) incorporated by reference in Canadian National Instrument 43-101. Evidence · text > A technical report is being prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum \(" CIM "\) Definition Standards \(2014\) incorporated by reference in Canadian National Instrument 43-101 \(" NI 43-101 "\) **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document announces a 'significant update to the independent Mineral Resource Estimate' for the Douay/Joutel Gold Project. Evidence · text > Maple Gold is pleased to announce a significant update to the independent Mineral Resource Estimate \(" 2026 MRE "\) **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 total project indicated grade decreased by 2% \(from 1.59 g/t to 1.55 g/t\) and total inferred grade decreased by 14% \(from 1.02 g/t to 0.88 g/t\) compared to the 2022 MRE. Evidence · table > -2% Context: 1.55 **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: Douay Pit-constrained Mineral Resources for the 2026 MRE are reported above a 0.35 g/t Au COG compared to a 0.45 g/t Au COG for the 2022 MRE, and Douay Underground COG 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. ## 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-reports-updated-mineral-resource-estimate-for-the-douay-joutel-gold-p--79136b8e-5a57-4017-a2e1-63ae139bc645#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 - 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 #### Location - Loc. Confidence: low #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-27T00:00:00.000Z Reasoning: Significant increase in indicated open pit tonnage and contained gold ounces, despite a grade decrease and lower cut-off grade. - Positive factor: Tonnage increased by 73% - Positive factor: Contained metal increased by 43% - Negative factor: Grade decreased by 17% - Negative factor: Cut-off grade lowered from 0.45 g/t to 0.35 g/t 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-reports-updated-mineral-resource-estimate-for-the-douay-joutel-gold-p--79136b8e-5a57-4017-a2e1-63ae139bc645#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 - 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 #### Location - Loc. Confidence: low #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-27T00:00:00.000Z Reasoning: Substantial increase in inferred open pit tonnage and contained gold ounces, offset by a grade decrease and lower cut-off grade. - Positive factor: Tonnage increased by 63% - Positive factor: Contained metal increased by 33% - Negative factor: Grade decreased by 18% - Negative factor: Cut-off grade lowered from 0.45 g/t to 0.35 g/t 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-reports-updated-mineral-resource-estimate-for-the-douay-joutel-gold-p--79136b8e-5a57-4017-a2e1-63ae139bc645#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 - 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 #### Location - Loc. Confidence: low #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-27T00:00:00.000Z Reasoning: Establishment of a new indicated underground resource at Douay, adding to the project's overall confidence. - Positive factor: New indicated underground resource established 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-reports-updated-mineral-resource-estimate-for-the-douay-joutel-gold-p--79136b8e-5a57-4017-a2e1-63ae139bc645#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 - 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 #### Location - Loc. Confidence: low #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-27T00:00:00.000Z Reasoning: Growth in inferred underground tonnage and contained gold ounces, with a grade decrease and lower cut-off grade. - Positive factor: Tonnage increased by 37% - Positive factor: Contained metal increased by 22% - Negative factor: Grade decreased by 11% - Negative factor: Cut-off grade lowered from 1.15 g/t to 0.98 g/t 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-reports-updated-mineral-resource-estimate-for-the-douay-joutel-gold-p--79136b8e-5a57-4017-a2e1-63ae139bc645#fact-resource-facts-4) 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 - 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 #### Location - Loc. Confidence: low #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-27T00:00:00.000Z Reasoning: Maiden high-grade indicated underground resource at Joutel significantly adds to the project's overall value and confidence. - Positive factor: Maiden high-grade indicated underground resource - Positive factor: Grade of 4.53 g/t Au is strong for underground 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-reports-updated-mineral-resource-estimate-for-the-douay-joutel-gold-p--79136b8e-5a57-4017-a2e1-63ae139bc645#fact-resource-facts-5) 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 - 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 #### Location - Loc. Confidence: low #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-27T00:00:00.000Z Reasoning: Maiden high-grade inferred underground resource at Joutel significantly expands the project's potential. - Positive factor: Maiden high-grade inferred underground resource - Positive factor: Grade of 4.11 g/t Au is strong for underground 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-reports-updated-mineral-resource-estimate-for-the-douay-joutel-gold-p--79136b8e-5a57-4017-a2e1-63ae139bc645#fact-resource-facts-6) 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 - 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 #### Location - Loc. Confidence: low #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-27T00:00:00.000Z Reasoning: Strong growth in Douay's total indicated resources, with significant increases in tonnage and contained metal, despite a grade drop. - Positive factor: Total indicated tonnage increased by 82% - Positive factor: Total indicated contained metal increased by 52% - Negative factor: Total indicated grade decreased by 16% 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-reports-updated-mineral-resource-estimate-for-the-douay-joutel-gold-p--79136b8e-5a57-4017-a2e1-63ae139bc645#fact-resource-facts-7) 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 - 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 #### Location - Loc. Confidence: low #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-27T00:00:00.000Z Reasoning: Significant growth in Douay's total inferred resources, with substantial increases in tonnage and contained metal, alongside a grade drop. - Positive factor: Total inferred tonnage increased by 60% - Positive factor: Total inferred contained metal increased by 31% - Negative factor: Total inferred grade decreased by 18% 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-reports-updated-mineral-resource-estimate-for-the-douay-joutel-gold-p--79136b8e-5a57-4017-a2e1-63ae139bc645#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 - Resource group id: resource:fe52fb06f0bf70ad139e #### Resource Data - Category: indicated - Tonnes: 19100000 - Grade: 1.55 - 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 #### Location - Loc. Confidence: low #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-27T00:00:00.000Z Reasoning: Substantial growth in total indicated resources across both projects, significantly de-risking the overall project. - Positive factor: Total indicated tonnage increased by 91% - Positive factor: Total indicated contained metal increased by 77% - Negative factor: Total indicated grade decreased by 2% Evidence · table > 1.55 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 **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-reports-updated-mineral-resource-estimate-for-the-douay-joutel-gold-p--79136b8e-5a57-4017-a2e1-63ae139bc645#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 - Resource group id: resource:aa97d423691e2a3772b5 #### Resource Data - Category: inferred - Tonnes: 130200000 - Grade: 0.88 - 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 #### Location - Loc. Confidence: low #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-27T00:00:00.000Z Reasoning: Significant growth in total inferred resources, expanding the overall project scale and future potential. - Positive factor: Total inferred tonnage increased by 70% - Positive factor: Total inferred contained metal increased by 70% - Negative factor: Total inferred grade decreased by 14% Evidence · table > 0.88 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 **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: 0.88 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: 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.