For the underground portion, the inferred resources increased 50% to 460,000 oz. at an average grade of 1.68 g/t gold.
The update incorporated initial indicated resources for the Nika zone (30,000 oz. averaging 1.13 g/t) and the 531 zone (58,000 oz. averaging 2.85 g/t), based on results of the JV’s first drill campaign in 2021.
Highlights of the 2021 drilling included a bonanza intercept of 334 g/t gold over 1 metre at the Porphyry zone, which was one of the highest grade intervals ever reported at the project.
As anticipated, the 10,000-metre drill program last year “successfully converted inferred to indicated ounces and ultimately increased the overall gold endowment at Douay,” Maple Gold CEO Matthew Hornor said in a March 17 press release.
“Targeted infill drilling demonstrates the potential for future resource conversion within the currently defined mineralized zones and continues to de-risk the deposit;…
