Team(US:TISI) TMX Newsfile·2026-02-26 21:30Core Insights - Maple Gold Mines Ltd. has announced initial assay results from seven drill holes in its ongoing 30,000-meter winter drill campaign at the Douay and Joutel Gold Projects in Québec, Canada, indicating promising exploration potential [1][2] Company Developments - The company appointed Pascal Lessard as Vice President of Exploration and promoted Ian Cunningham-Dunlop to Executive Vice President, enhancing its technical leadership [1][2] - Maple Gold has a strong cash position of approximately $30 million, which will support aggressive exploration activities through 2027 [2] Drilling Results - The initial results from the Joutel drilling program show that high-grade gold mineralization extends beyond previously mined-out stopes, suggesting significant exploration upside [2][3] - The Joutel Mine Complex produced 1.1 million ounces of gold at an average grade of 6.5 g/t Au from 1974 to 1993, indicating a historically productive area [3][40] - Significant assay results include: - 8.5 g/t Au over 8.0 meters in drill hole JO-25-05, with a high of 40.8 g/t Au over 0.5 meters [8][9] - 3.0 g/t Au over 6.8 meters in drill hole JO-25-06 [8][10] - 5.3 g/t Au over 6.8 meters in drill hole JO-25-07 [8][10] Exploration Strategy - The ongoing drill program is approximately 57% complete, with 39 drill holes totaling around 17,000 meters drilled to date [13] - The company plans to conduct additional drilling in 2026, following up on encouraging results from recent drill holes [13][14] - A maiden mineral resource estimate for Joutel is expected in H1 2026, alongside an updated resource estimate for Douay [14] Financial and Operational Outlook - The company has approved a total exploration budget of $13.9 million for 2026, which will be fully funded from its existing treasury [15] - Concurrent development initiatives are anticipated throughout 2026 to advance and de-risk the Douay/Joutel projects [14]