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Montage Gold Corp. reports developments tied to its gold development and exploration portfolio in Côte d’Ivoire. News centers on the flagship Koné project, including mineral resource estimates for the Koné and Gbongogo Main deposits, grade-control results, satellite-deposit exploration, and construction progress.
Company updates also cover portfolio expansion following the completed acquisition of African Gold Limited, which added the resource-stage Didievi project and made African Gold a wholly owned subsidiary. Other recurring items include material agreements, shareholder voting matters, capital-structure disclosures, governance matters, and operating and financial results.
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Montage Gold Corp. (TSXV: MAU, OTCQX: MAUTF) reports significant progress at the Koné Gold Project (KGP), with ongoing drilling since November 2022. Results show high-grade intercepts across multiple targets, including Gbongogo Main and Gbongogo South. Recent highlights include:
- GBDD030: 233.7m at 2.08g/t from surface
- GBRC031: 152.7m at 2.10g/t from surface
- Yeré North: 27m at 8.97g/t, including 9m at 24.58g/t
The drilling program has expanded to 40,000m, aimed at enhancing the KGP's resources and exploring new zones of economic significance.
Montage Gold Corp. (MAU, MAUTF) announced promising drill results from its Mankono Sissédougou Joint Venture within the 2,258 sq km Koné Gold Project. The drilling program, initiated in November 2022, revealed significant intercepts including Gbongogo's 95m at 2.03g/t and Lokolo Main's 20m at 7.22g/t. The initial 6,713m of drilling has led to plans for an expanded exploration program involving three rigs. CEO Rick Clark highlighted the project's potential to enhance the KGP's economic value with high-grade discoveries slated for further evaluation. A revised feasibility study is expected by the end of 2023.
Montage Gold Inc. (TSXV: MAU, OTCQX: MAUTF) has granted a total of 3,700,000 stock options to its officers, directors, and eligible persons, exercisable over three years at $0.65 per share. Additionally, 576,923 Deferred Share Units were issued to non-executive directors and 1,023,077 Restricted Share Units to executives and management, all subject to vesting provisions. The company focuses on precious metals exploration in Côte d'Ivoire, primarily on the Koné Gold Project, which features a Probable Mineral Reserve of 161.1Mt grading 0.66g/t for 3.42M ounces of gold.
Montage Gold Corp. announces the Ivorian Council of Ministers approved the Gbongogo and Sisséplé Exploration Permits for the Mankono-Sissédougou Joint Venture. This approval is crucial for finalizing the acquisition of Mankono, expected to close soon after the Presidential decree. The firm plans an aggressive exploration program, starting with 25,000m of drilling over 14 targets. Historic exploration investments of US$20M revealed high-grade intercepts, including 135.2m at 2.63g/t gold. The Gbongogo prospect shows potential for up to 1.2Moz, enhancing the Koné Gold Project's economics significantly.
Montage Gold Corp. has appointed Richard P. Clark as the new Chief Executive Officer, effective August 29, 2022, while Hugh Stuart remains President. This leadership change aims to enhance the company's strategic direction as it moves forward with the Koné Gold Project.
Montage has successfully increased its resources since its IPO in October 2020, now reporting a 3.42Moz Mineral Reserve and plans to acquire the Mankono-Sissédougou Joint Venture to boost potential production. An aggressive exploration program is set to commence shortly.
Montage Gold Corp. has entered into an agreement to acquire a 100% interest in the Mankono-Sissédougou Joint Venture Project from Barrick Gold and Endeavour Mining for C$30 million. The acquisition includes C$14.5 million in cash and 22,142,857 common shares, along with a 2% NSR royalty. The acquisition will expand Montage's land position at the Koné Gold Project to 2,259 km². Closing of the transaction is subject to the award of the Gbongogo Exploration Permit and is expected within six months. The company plans to aggressively explore the new project area, targeting high-grade gold opportunities.