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Montage Gold Intersects Higher-Grade Mineralization at Gbongogo Main and Confirms High Grade Potential at Yeré North
VANCOUVER, BC, May 11, 2023 /CNW/ - Montage Gold Corp. ("Montage" or the "Company") (TSXV: MAU) (OTCQX: MAUTF) is pleased to report further results from ongoing
About this update from Montage Gold Corp.
[{"type":"text","content":" VANCOUVER, BC, May 11, 2023 /CNW/ - Montage Gold Corp. (\"Montage\" or the \"Company\") (TSXV: MAU) (OTCQX: MAUTF) is pleased to report further results from ongoing resource drilling at the Gbongogo Main deposit within the Koné Gold Project (\"KGP\"). A resource definition program began in late November 2022 designed to upgrade the Inferred Mineral Resource of 5.2Mt at 2.1g/t for 351koz (1.2g/t cut off). This program is nearing completion and continues to confirm higher grade zones in the overall deposit. HIGHLIGHTS Ongoing diamond drilling at Gbongogo Main defines and extends mineralization: GBDD035: 113.25m at 2.30g/t GBDD037: 48.00m at 1.72g/t GBDD038: 45.75m at 1.90g/t Results within quartz-tourmaline vein sets at Gbongogo Main improve confidence of higher-grade controls GBDD039: 20.50m at 10.95g/t GBDD043: 17.00m at 8.56g/t RC drilling at Yeré North confirms and improves initial reconnaissance results YERNRC010: 23m at 12.91g/t (twin of hole MMKAC141) YERNRC007: 14m at 5.09g/t Program continues with 4 rigs drilling multiple targets across the Koné Gold Project Rick Clark, Montage CEO commented, \"New results from Gbongogo Main, the best drilled by Montage to date, strongly support management's view of expanded resource potential and the possibility of an overall higher grade to the ore body. \"We are also very encouraged by the confirmation and expansion of high-grade results at the Yeré North prospect. While Yeré North remains early stage, it is showing the potential to develop into an additional satellite deposit for the overall Koné Gold Project. The discovery of Yeré North clearly demonstrates the underexplored nature of our land package and gives us confidence that other high-grade satellites will be discovered.\" DETAILS Drilling at Gbongogo Main Delivers Wide High-Grade Intervals and Depth Extension Resource RC drilling of the upper part of the Gbongogo Main deposit was completed in January (3,042m) and core drilling commenced at the start of February with 3,372m drilled to date. Gbongogo Main currently hosts an Inferred Mineral Resource of 5.2Mt at 2.1g/t for 351koz (1.2g/t cut off). The first four core holes were drilled down plunge to provide samples for metallurgical test work (see press release dated March 27, 2023) and since the...