Northwire Canada EditionMonday, November 9, 2026
Northwire
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

Maple Gold Reports Multiple High-Grade Gold Intercepts from Continued Step-Out Drilling at Joutel, Including 17.9 g/t Gold over 3.9 Metres Within 8.6 g/t Gold over 10.4 Metres in the Telbel Mine Area

High-grade intercepts at Joutel validate step-out strategy as maiden resource estimate looms

Executive Summary

The most recent news (April 1, 2026) reports high-grade gold intercepts from the Joutel Gold Project in Quebec. Key results include 17.9 g/t Au over 3.9m and 8.6 g/t Au over 10.4m in the Telbel Mine area. These results extend mineralization 450m beyond historical workings. The 30,000m winter drill program is 73% complete. Importantly, the company confirmed it remains on track for a maiden Joutel Mineral Resource Estimate (MRE) in H1 2026, supported by a fully funded $13.9M exploration budget and a $30M treasury.

Material Impact

The news is Routine - Positive. While the grades are high (up to 25.4 g/t Au in sub-intervals), they are incremental to a massive ongoing program and consistent with the "high-grade" narrative established in the February 26, 2026, release (which saw 40.8 g/t Au). - Confirmation of Scale: Extending mineralization 450m from historical stopes is a material technical success, increasing the probability of a substantial maiden MRE. - Execution: Management is delivering on the 30,000m commitment made in late 2025, showing high operational efficiency (73% complete). - Financial Stability: The news reinforces that the company is not in a "dilute-to-survive" mode, having recently bolstered the treasury to $30M through oversubscribed financings and warrant exercises.

MGM · Price
Company Overview

Maple Gold Mines focuses on the Abitibi Gold Belt in Quebec. - Flagship: The Douay Gold Project (100% owned) hosts an established resource of ~3 Moz Au (511k oz Indicated, 2.5 Moz Inferred). - Secondary Focus: The Joutel Project (100% owned), a past-producing high-grade complex (Eagle-Telbel) that produced 1.1 Moz at 6.5 g/t Au historically. - Infrastructure: The projects benefit from being in a Tier-1 jurisdiction with power, road, and rail access.

Read the original news release →

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