Montage Gold Corp. (“Montage” or the “Company”) is posting impressive results from the 2024 exploration campaign at the Koné project in Côte d’Ivoire. Their efforts are focused on discovering and delineating higher-grade satellite targets to enhance the production profile from the operation’s start. The recent drill campaign confirmed mineralization across all 14 targets drilled, reflecting the potential to expand resources rapidly. The Company aims to establish more than 1 million ounces of Measured and Indicated Resources at a grade exceeding 1 g/t Au before production begins.
Drilling Results Across Targets:
Exploration efforts at different targets like Gbongogo deposit, ANV target, Lokolo Main target, and Diouma North target have reaffirmed high-grade mineralization, providing promising results. A comprehensive review of geological data has identified 52 exploration targets, up from 35 in July 2024. The company’s focus on immediate resource delineation and progressing early-stage targets signifies a strategic blend of short-term objectives and long-term exploration success.
Strategic Exploration Methodology:
Montage employs a systematic approach to prioritize exploration by considering geological prospectivity, operational and economic parameters, and strategic elements. The selection, screening, and ranking of targets are evaluated based on their potential size, grade, and economic viability. With continuous assessment and direction alignment, the Company aims to achieve its target of discovering significant resources before production kicks off.
Further Drilling Programs:
A second drilling campaign totaling 60,000 meters was launched in September 2024 to continue the pursuit of delineating resources at select targets and investigating other potential areas. The company remains dedicated to unlocking the value of the Koné project through a rigorous exploration program. The exploration team’s commitment and effort are essential in achieving rapid success in this process.
Looking Ahead:
Montage is determined to progress its exploration projects and expand its footprint in the region by seeking new development opportunities. The commitment to transparent disclosure and accountability ensures that stakeholders are well-informed about the Company’s endeavors and progress. The ongoing success of Montage’s exploration methodology and the diligent efforts of its exploration team are paving the way for a robust and promising future in the African mining sector.
