Maple Gold Reports Updated Mineral Resource Estimate for the Douay/Joutel Gold Project, Québec, Including a Maiden High-Grade Underground Mineral Resource Estimate at Joutel
Original announcement by orestocks on
- Company
- Maple Gold Mines Ltd.
- Ticker
- MGM.V
- Exchange
- Unavailable
- Region
- Québec
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-10-01 04:05:45 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Maple Gold Mines has reported a significant update to its Mineral Resource Estimate for the Douay/Joutel Gold Project in Québec, increasing total indicated resources by 77% to 905,000 gold ounces and total inferred resources by 70% to 4,279,000 gold ounces. The update includes a maiden high-grade underground resource at Joutel and further conversion of inferred to indicated resources at Douay. The estimate is NI 43-101 compliant and was prepared by SLR Consulting.
Reasoning: The updated Mineral Resource Estimate for the Douay/Joutel Gold Project demonstrates significant growth in both indicated and inferred gold ounces, including a maiden high-grade underground resource at Joutel. While overall contained metal increased substantially, there was some grade dilution, partly due to lower cut-off grades compared to the previous estimate. The estimate is NI 43-101 compliant and signed by a Qualified Person, providing high confidence.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- Maiden Resource
- Category Upgrade
- NI 43-101 Compliant
- QP/CP Signed
Negative factors
- Grade Decline
- Cut-off Lowered
- Dilutive Growth
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 10
Classification and evidence
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Total Project Indicated Resources Increased 77% and Total Project Inferred Resources Increased 70% compared to the prior estimate.
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 Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: Total Project Indicated Resources Increased 77% to 905,000 Gold Ounces and Total Project Inferred Resources Increased 70% to 4,279,000 Gold Ounces compared to the prior estimate.
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)”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The 2026 MRE includes 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”
Resource Updateneutral
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.
Evidence · text
“significant update to the independent Mineral Resource Estimate ("2026 MRE")”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The MRE was prepared in accordance with Canadian National Instrument 43-101.
Evidence · text
“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")”
QP/CP Signedpositive
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, is a 'Qualified Person' for NI 43-101 and has approved the contents.
Evidence · text
“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.”
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: The MRE update includes further conversion from Inferred to Indicated Mineral Resource categories.
Evidence · text
“further conversion from Inferred to Indicated Mineral Resource categories based on successful exploration and infill drilling”
Cut-off Lowerednegative
Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: Douay Pit-constrained MRE uses a 0.35 g/t Au COG compared to 0.45 g/t Au for the 2022 MRE, and Douay Underground MRE uses 0.98 g/t Au COG compared to 1.15 g/t Au for the 2022 MRE.
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.”
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: The comparison table shows grade variances of -17% for Douay Open Pit Indicated, -18% for Douay Open Pit Inferred, -11% for Douay Underground Inferred, and -14% for total Inferred resources.
Evidence · table
“-17%”
Context: 1.59
Dilutive Growthnegative
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 grades for several categories declined, indicating that some growth was achieved by including lower-grade material, partly due to lower cut-off grades.
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)”
Extracted facts
Stored fact records: 10. Some facts used in scoring do not have a stored record.
Resource Estimates (10)
indicatedDouay · goldTonnes: 17300000Grade: 1.31Grade Unit: g/tContained Metal: 731Contained Unit: kozView all detailsHide details
Identity
- Project
- Douay
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- MGM.V
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
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-27T00:00:00.000Z
Reasoning: Indicated open pit tonnage for Douay increased by 73% and contained metal by 43%, but the average grade decreased by 17%, partly due to a lower cut-off grade compared to the prior estimate.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
- Cut-off Lowered
Evidence · table
“1.31”
Context: 17.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 17300000 against 10000000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.31 against 1.59 previously
Contained Metal Growthpositive
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 Lowerednegative
Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.35 against 0.45 previously
inferredDouay · goldTonnes: 111100000Grade: 0.77Grade Unit: g/tContained Metal: 2744Contained Unit: kozView all detailsHide details
Identity
- Project
- Douay
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- MGM.V
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
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-27T00:00:00.000Z
Reasoning: Inferred open pit tonnage for Douay increased by 63% and contained metal by 33%, but the average grade decreased by 18%, partly due to a lower cut-off grade compared to the prior estimate.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
- Cut-off Lowered
Evidence · table
“0.77”
Context: 111.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 111100000 against 68200000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.77 against 0.94 previously
Contained Metal Growthpositive
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 Lowerednegative
Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.35 against 0.45 previously
indicatedDouay · goldTonnes: 900000Grade: 1.66Grade Unit: g/tContained Metal: 48Contained Unit: kozView all detailsHide details
Identity
- Project
- Douay
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- MGM.V
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
- Prior Cutoff Grade
- 1.15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-27T00:00:00.000Z
Reasoning: This is a new Indicated underground resource for Douay, with a lower cut-off grade than the prior underground estimate, contributing to resource growth.
Positive factors
- Category Upgrade
Negative factors
- Cut-off Lowered
Evidence · table
“1.66”
Context: 0.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Cut-off Lowerednegative
Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.98 against 1.15 previously
inferredDouay · goldTonnes: 11700000Grade: 1.5Grade Unit: g/tContained Metal: 560Contained Unit: kozView all detailsHide details
Identity
- Project
- Douay
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- MGM.V
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
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-27T00:00:00.000Z
Reasoning: Inferred underground tonnage for Douay increased by 37% and contained metal by 22%, but the average grade decreased by 11%, partly due to a lower cut-off grade compared to the prior estimate.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
- Cut-off Lowered
Evidence · table
“1.50”
Context: 11.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 11700000 against 8500000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.5 against 1.68 previously
Contained Metal Growthpositive
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 Lowerednegative
Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.98 against 1.15 previously
indicatedDouay · goldTonnes: 18200000Grade: 1.33Grade Unit: g/tContained Metal: 779Contained Unit: kozView all detailsHide details
Identity
- Project
- Douay
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- MGM.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Denis Decharte
- Resource group id
- resource:611e76bc525a2b7a4ba3
- Deposit or zone
- Douay Total
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
- 2026-04-27T00:00:00.000Z
Reasoning: Total indicated resources for Douay increased by 82% in tonnage and 52% in contained metal, but the average grade decreased by 16%, influenced by lower cut-off grades for both open pit and underground components.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
- Cut-off Lowered
Evidence · table
“1.33”
Context: 18.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 18200000 against 10000000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.33 against 1.59 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 779 against 511 previously
inferredDouay · goldTonnes: 122700000Grade: 0.84Grade Unit: g/tContained Metal: 3305Contained Unit: kozView all detailsHide details
Identity
- Project
- Douay
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- MGM.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Denis Decharte
- Resource group id
- resource:6e00b5a1ba95ad8c84d1
- Deposit or zone
- Douay Total
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
- 2026-04-27T00:00:00.000Z
Reasoning: Total inferred resources for Douay increased by 60% in tonnage and 31% in contained metal, but the average grade decreased by 18%, influenced by lower cut-off grades for both open pit and underground components.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
- Cut-off Lowered
Evidence · table
“0.84”
Context: 122.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 122700000 against 76700000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.84 against 1.02 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 3305 against 2525 previously
indicatedJoutel · goldTonnes: 900000Grade: 4.53Grade Unit: g/tContained Metal: 126Contained Unit: kozView all detailsHide details
Identity
- Project
- Joutel
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- MGM.V
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
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-27T00:00:00.000Z
Reasoning: This is a maiden high-grade underground Indicated resource for Joutel, adding a significant new component to the project's overall resource base.
Positive factors
- Maiden Resource
- High Grade
Evidence · table
“4.53”
Context: 0.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredJoutel · goldTonnes: 7500000Grade: 4.11Grade Unit: g/tContained Metal: 992Contained Unit: kozView all detailsHide details
Identity
- Project
- Joutel
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- MGM.V
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
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-27T00:00:00.000Z
Reasoning: This is a maiden high-grade underground Inferred resource for Joutel, adding a significant new component to the project's overall resource base.
Positive factors
- Maiden Resource
- High Grade
Evidence · table
“4.11”
Context: 7.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedDouay/Joutel · goldTonnes: 19100000Grade: 1.55Grade Unit: g/tContained Metal: 905Contained Unit: kozView all detailsHide details
Identity
- Project
- Douay/Joutel
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- MGM.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Denis Decharte
- Resource group id
- resource:2c87b0911694fab02d88
- Deposit or zone
- Douay and Joutel Total
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
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-27T00:00:00.000Z
Reasoning: Total indicated resources for the combined Douay/Joutel project increased by 91% in tonnage and 77% in contained metal, despite a slight grade decrease of 2%, reflecting significant overall growth.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
- Cut-off Lowered
Evidence · table
“1.55”
Context: 19.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 19100000 against 10000000 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 905 against 511 previously
inferredDouay/Joutel · goldTonnes: 130200000Grade: 0.88Grade Unit: g/tContained Metal: 4297Contained Unit: kozView all detailsHide details
Identity
- Project
- Douay/Joutel
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- MGM.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Denis Decharte
- Resource group id
- resource:2f9171dd3f4f155bcbc7
- Deposit or zone
- Douay and Joutel Total
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
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-27T00:00:00.000Z
Reasoning: Total inferred resources for the combined Douay/Joutel project increased by 70% in tonnage and 70% in contained metal, despite a grade decrease of 14%, reflecting significant overall growth.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
- Cut-off Lowered
Evidence · table
“0.88”
Context: 130.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 130200000 against 76700000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.88 against 1.02 previously
Contained Metal Growthpositive
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.