Geomechanics.io

  • Free Tools
Sign UpLog In
Built byBoxcut Studio

Geomechanics.io

Geomechanics, Streamlined.

© 2026 Geomechanics.io. All rights reserved.

Geomechanics.io

CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

Industries

MiningConstructionTunnelling

Company

Terms of UsePrivacy PolicyLinkedIn
    Projects

    Maple Gold Mines’ Québec resource upgrade: key project notes for mine planners

    April 28, 2026|

    Reviewed by Joe Ashwell

    Maple Gold Mines’ Québec resource upgrade: key project notes for mine planners

    First reported on MINING.com

    30 Second Briefing

    Maple Gold Mines’ Douay and Joutel projects in Québec’s Abitibi belt have posted a major resource upgrade, with Douay now holding 17.3 million tonnes in-pit indicated at 1.31 g/t (731,000 oz) and 111.1 million tonnes inferred at 0.77 g/t (2.74 million oz), plus underground resources totalling 608,000 oz. Joutel adds 900,000 tonnes indicated at 4.53 g/t (126,000 oz) and 7.5 million tonnes inferred at 4.11 g/t (992,000 oz), a 77% indicated and 70% inferred ounce increase versus 2022. The 481 km² land package along the Casa Berardi deformation zone remains open, with a fully funded C$13.9 million 2026 exploration budget and a 32,000-metre drill programme feeding into scoping and engineering studies.

    Technical Brief

    • Resource update incorporates drilling completed between October 2021 and November 2025, including infill holes.
    • Higher assumed operating costs and gold prices than 2022 underpin the revised pit and underground shells.
    • New modelling used more detailed mineralisation wireframes, refining geometry for both Douay and Joutel deposits.
    • Joutel resource formalises a first high-grade underground inventory at a past-producing Agnico-operated mine complex.
    • Step-out results from an ongoing 32,000 m drill programme are excluded, leaving upside outside current envelopes.
    • Assays remain pending for 30 of 58 holes targeting potential extensions at both deposits.
    • A fully funded C$13.9 million 2026 budget covers permitting plus further drilling for near-term resource growth.
    • Additional drilling campaigns are scheduled through H2 2026 and into 2027, with both deposits still open.
    • Planned 2026 work includes scoping and engineering studies to de-risk Douay/Joutel towards potential development scenarios.
    • Proximity to Agnico’s Malartic and Detour Lake and Hecla’s Casa Berardi offers brownfield-style infrastructure leverage.

    Our Take

    With Maple Gold Mines now at about C$206 million market cap on the TSXV, it sits in the same valuation band as several early‑stage gold names in our database that later became takeover targets once they had >2 Moz inferred resources defined, which may be relevant given Douay’s 2.74 Moz inferred figure.

    The combination of a large, lower‑grade in‑pit gold system at Douay and a higher‑grade underground resource at Joutel along the Casa Berardi deformation zone mirrors the ‘hub‑and‑spoke’ development concepts seen around Detour Lake and Malartic, suggesting optionality for a future central processing strategy rather than stand‑alone mines.

    Gold equities coverage in our database notes that the sector is still trading near only slightly above five‑year average cash‑flow multiples, so the 11% share price move for Maple Gold Mines on this resource update appears to be more project‑specific re‑rating than a broad gold‑beta move.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    Buffalo Potash permit at Disley: design, risk and process notes for mine engineers
    Mining
    about 5 hours ago

    Buffalo Potash permit at Disley: design, risk and process notes for mine engineers

    Buffalo Potash has secured Saskatchewan approval to complete construction and operate its Disley initial production module, a 125,000 t/y soluble-grade potash facility 50 km northwest of Regina using a patented horizontal line-drive brine circulation method through parallel horizontal wells. The C$41.5 million module will test selective underground dissolution of potassium chloride with sodium-chloride-saturated brine and supply local agriculture, drilling-fluid markets and potassium-chloride brine for regional oilfields, ahead of planned 500,000 t/y Disley East and West expansions to about 1.13 Mt/y. The permit, which runs to 30 April and excludes future modules, requires groundwater characterisation, air-quality compliance and financial assurance, while the project proceeds without a feasibility study or declared reserves, elevating technical and economic risk.

    Exiro-led takeover of Vale’s Manitoba nickel complex: key points for mine planners
    Mining
    about 5 hours ago

    Exiro-led takeover of Vale’s Manitoba nickel complex: key points for mine planners

    Exiro Minerals, Orion Resource Partners and Canada Growth Fund have acquired an 81.1% stake in Vale’s Thompson nickel operations in northern Manitoba, committing up to US$200 million to sustain and develop the six-decade-old complex. The new vehicle, Exiro Nickel, takes over day-to-day control of two operating underground mines, the adjacent concentrator and exploration ground along the 135 km Thompson Nickel Belt, while Vale Base Metals retains an 18.9% interest. A multi-year offtake agreement keeps Vale buying nickel concentrate from the Thompson mill, providing a defined outlet for future production.

    Mining
    about 5 hours ago

    Moeve–Emerita 100% renewable diesel deal in Spain: decarbonisation notes for mines

    Moeve and Emerita Resources have signed Spain’s first mining-sector agreement to deploy 100% renewable diesel (HVO) at industrial scale, designating Moeve as preferred supplier of this second-generation biofuel. The HVO, derived from waste and residue feedstocks rather than food crops, is claimed to cut lifecycle CO2 emissions by up to 90% compared with conventional diesel. For mine operators, the drop-in fuel compatibility with existing diesel engines offers a near-term route to decarbonise haul trucks and auxiliary fleets without major equipment changes.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    Construction

    Quality control software for construction companies with material testing, batch tracking, and compliance management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.

    AllGeotechnicalInfrastructureHazardsEnvironmental