Maple Gold Mines Ltd. (TSXV: MGM; OTCQX: MGMLF) has reported the final four holes from its winter drilling program at the Joutel Gold Project in Québec, including an intercept of 8.6 grams per tonne gold over 4.2 meters.
The company has also launched a fully funded, 25,000-meter fall drilling campaign budgeted at $9 million. Joutel forms part of Maple Gold’s 100%-owned Douay/Joutel Gold Project in the Abitibi Greenstone Belt.
Drilling Extends Joutel Gold System
Hole JO-26-18, drilled between the historical Eagle and Telbel mine shafts, returned 2.5 g/t gold over 18.3 meters, including 8.6 g/t over 4.2 meters. The intercept was approximately 200 meters below surface and about 100 meters above the Eagle mine workings.
A second hole, JO-26-19, returned 1.2 g/t gold over 9.7 meters, including 2.5 g/t over 2.0 meters. It also intersected 4.3 g/t over 1.6 meters in a parallel microgabbro unit beneath the primary target horizon.
The reported intersections represent drilled widths. Maple Gold estimates true widths at between 60% and 90% of the reported lengths.
More than one kilometer southeast of the Telbel shaft, reconnaissance hole JO-26-16 intersected approximately 69 meters of anomalous gold-bearing hydrothermal breccia. The company said the breccia resembles the style of mineralization associated with historical production at Eagle-Telbel.
Assays have now been reported for all 22 holes, totaling 10,870 meters, from the winter Joutel campaign. Nineteen holes intersected the targeted mineralization.
Results Excluded From Current Resource
None of the winter results are included in Maple Gold’s current Joutel mineral resource estimate, which had a November 1, 2025, data cutoff.
The estimate contains an Indicated underground resource of 0.9 million tonnes grading 4.53 g/t gold, representing 126,000 ounces. It also contains 7.5 million tonnes grading 4.11 g/t in the Inferred category, representing 992,000 ounces.
Mineral resources are not Mineral Reserves and do not have demonstrated economic viability.
The Eagle, Eagle West and Telbel mines produced a combined 1.1 million ounces of gold at an average grade of 6.5 g/t between 1974 and 1993.
Maple Gold Starts 25,000-Meter Campaign
Maple Gold said its fall campaign is supported by an approximately $23-million treasury. The program will focus on shallow areas around and between the Eagle and Telbel mines, increasing drill density and testing extensions beyond the current resource.
Selected areas will also be drilled to support potential conversion of Inferred resources to the Indicated category. The campaign includes metallurgical testing and is expected to produce additional exploration results through the remainder of 2026.
Completion of the program, successful resource expansion or conversion, and advancement toward development studies remain subject to drilling results, technical findings and other project risks.
Sources
- Newsfile — Maple Gold Reports Final Joutel Winter Drill Results and Launches 25,000-Meter Campaign
- Maple Gold — Updated Douay/Joutel Mineral Resource and Technical Report
- SLR Consulting — Douay/Joutel NI 43-101 Technical Report
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Sources include Maple Gold Mines’ drilling announcement dated August 10, 2026, and the NI 43-101 technical report for the Douay/Joutel Gold Project dated June 11, 2026, with an effective date of April 24, 2026.
The 25,000-meter fall drilling campaign, its $9-million budget, potential resource expansion or conversion, future resource updates and additional exploration results are forward-looking statements based on the company’s current plans. Program completion, drilling results, technical findings, resource conversions and development timelines are uncertain. The reported assay intervals are drilled widths, with true widths estimated at 60%–90% of drilled widths.
Mineral resources are not Mineral Reserves and do not have demonstrated economic viability. Exploration-stage mining securities are speculative and carry significant risk, including the potential loss of capital. Coverage on MiningMarketsReport.com is provided for informational and educational purposes only. MiningMarketsReport.com is not a registered investment advisor. Nothing in this article constitutes financial, investment or professional advice. Readers should conduct their own due diligence and consult a qualified financial advisor before making investment decisions. For more information, please see our full DISCLAIMER.
