Business
Montage Gold More Than Doubles Footprint at Koné Gold Project and Drills 8m at 3.15g/t Au 8km East of Koné
VANCOUVER, BC, Sept. 8, 2021 /CNW/ - Montage Gold Corp. ("Montage" or the "Company") (TSXV: MAU) (OTCPK: MAUTF) is pleased to report that the Company has receiv
About this update from Montage Gold Corp.
[{"type":"text","content":" VANCOUVER, BC, Sept. 8, 2021 /CNW/ - Montage Gold Corp. (\"Montage\" or the \"Company\") (TSXV: MAU) (OTCPK: MAUTF) is pleased to report that the Company has received, by Presidential decree, a new exploration license sitting within trucking distance of the Koné deposit, and which now forms part of the Koné Gold Project (\"KGP\") in Côte d'Ivoire. The Company is also pleased to report high-grade drill results from the Petit Yao Central target and an update on its strategy for district exploration. Hugh Stuart, Montage CEO commented, \"With this new exploration license (\"Faradougou\") we are more than doubling our exploration footprint at the KGP and can explore nearly 700km2 of prospective ground. Faradougou sits due north of the Koné exploration license, is split by the asphalt road that goes past the Koné deposit and has no recorded history of modern exploration. \"With infill drilling at the Koné deposit now complete and a 4.27Moz Indicated Mineral Resource (at 0.20g/t cut-off grade) delivered into the Feasibility Study program, the focus of the geological team is shifting to district exploration, targeting satellite deposits that can expand resources at the KGP. Given the potential for a large-scale, low-cost operation at the KGP, the value-add of satellite mineralization to the project is significant. \"Follow-up drilling at the Petit Yao Central target is encouraging and is showing potential as the first possible satellite pit sitting just 8km east of the Koné deposit. We look forward to the next round of exploration in the Petit Yao area, as well as initial testing within the Faradougou exploration license.\" HIGHLIGHTS New Exploration License awarded by Government of Côte d'Ivoire. Faradougou covers 361.5km2 of unexplored ground within trucking distance of the Koné deposit Initial soil sampling program planned to start immediately High-grade drill results from follow-up program at Petit Yao Central include: MPYRC015: 6m grading 2.91g/t Au from 5m MPYRC018: 8m grading 3.15g/t Au from 52m Petit Yao Central showing potential as first satellite deposit target. Shallow dipping oxide mineralization in the range of 2g/t Au 8km east of the Koné deposit within the Koné exploration license Soil sampling shows potential 20km greenstone trend for further testing Exploration planned for Q4 2021 across entire Montage portfolio....