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The Douay project in the Abitibi Gold Belt of Quebec is held by a 50/50 joint venture between the company and Agnico Eagle Mines.

Maple Gold recently released an updated resource estimate, reporting a pit-constrained indicated resource of 511,000 oz. at an average grade of 1.59 grams per tonne of gold. This entails 11% growth from the 2019 estimate.

Maple also slightly increased the pit-constrained inferred resource base to 2.045 million oz. gold grading 0.97 grams per tonne.

Notably, Maple also reported a 50% larger underground inferred resource of 460,000 oz. at 1.68 grams per tonne gold.

The JV also reported an initial indicated resource for the emerging high-grade Nika Zone of 30,000 oz. grading 1.13 grams per tonne gold, and the 531 Zone at 58,000 oz. at an average grade of 2.85 grams per tonne based on significant intercepts from the JV’s first drill campaign.