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Montage Gold Provides Mid-Year Exploration Update for Its Koné Project Where Constuction Continues To Rapidly Advance
HIGHLIGHTS: The Company remains well on track to achieve the previously published short...
About this update from Montage Gold Corp.
[{"type":"text","content":"Montage Gold Provides Mid-Year Exploration Update for Its Koné Project Where Constuction Continues To Rapidly Advance\n\n\n\n\n HIGHLIGHTS:\n \n\n\n\n\n The Company remains well on track to achieve the previously published short-term objective of discovering over 1Moz of M&I resources at a 50% higher grade compared to the Koné deposit as Indicated Resources for satellite deposits have already grown by 404koz to 924koz at 1.32 g/t Au with an additional 140koz at 1.09 g/t Au of Inferred Resources\n \n\n\n\n 2025 exploration programme increased from 90,000 to 120,000 meters, with 83,280 meters already drilled in H1-2025, focused on delineating higher-grade resources with the goal of supplementing production from the onset\n \n\n\n\n Mineralization confirmed at all 23 targets tested to date, up from 18 targets in 2024, out of a total of 52 identified\n \n\n\n\n Step-out and in-fill drilling is already underway at all 7 new higher-grade satellite deposits for which starter maiden resources were published in early 2025, showing a high conversion rate from Inferred to Indicated Resources\n \n\n\n\n\n Gbongogo South deposit:\n \n\n Indicated Resources increased by 74koz to 140koz at 1.26 g/t Au, with an additional 46koz at 1.28 g/t Au of Inferred Resources; further resource growth is expected as drilling remains ongoing\n \n\n\n\n Koban North deposit\n \n\n : Maiden Indicated Resource of 133koz at 1.07 g/t Au, with an additional 28koz at 0.90 g/t Au of Inferred Resources; further resource growth is also expected as drilling remains ongoing\n \n\n\n\n ANV deposit\n \n\n\n :\n \n An update to the previously published Indicated Resource of 57koz at 1.10 g/t Au and Inferred Resource of 31koz at 1.10 g/t Au is expected to be published in late Q3-2025 given the success of the ongoing drill programme\n \n\n Further exploration is also underway at the other 4 deposits for which starter maiden resources were delineated, with updated resources planned for year-end\n \n\n\n\n\n Exploration also progressed on the 6 targets which were advanced to pre-resource stage last year, with the goal of delineating starter resources to access the grade profiles in order to prioritize upcoming drill efforts\n \n\n\n\n Koné project construction continues to rapidly progress on-budget and well on-schedule\n \n\n\n\n ABIDJAN, Côte d’...