Montage Gold to expand regional exploration at Koné Gold Project

Montage Gold has announced plans to expand regional exploration at Koné Gold Project in in Côte d’Ivoire. Hugh Stuart, Montage CEO made the announcement and said they have been awarded a new exploration permit within haulage range of the project.

“With the completion of a very successful Definitive Feasibility Study (“DFS”) our focus now is on expanding exploration away from the Koné deposit with the aim of locating higher grade satellite feed that will further boost the economics of the KGP. The Company has been advised that the Sisséplé Exploration permit has been granted over an area of 322km2, which brings our total permit holdings to 983km2, all of which is relevant to the large-scale, low-cost operation planned at Koné. First pass reconnaissance soil sampling is now in progress in Sisséplé and we have completed the first phase of sampling on the adjacent Farandougou permit. These areas have not been previously explored and lie on highly prospective gold trends and we plan to move quickly to define targets and then follow up aggressively,” said Hugh Stuart, Montage.

Sisséplé Exploration Permit

The Sisséplé permit represents a highly prospective addition to the KGP which has no history of previous exploration and lies within haulage distance of the planned Koné plant site (Figure 1). It sits on three strong structural trends with known endowment (see map below). In the east, the Syama trend is the principal regional structure hosting the Koné deposit to the south and extending north through Barrick’s Fonondara and Kasseré prospects, Perseus’ Sissingué Gold mine and further north to the Syama Mine in Mali.

The Nyangboue trend hosts a clear mineralized system on strike to the north within Turaco Gold’s Boundiali permit where intercepts of up to 30m at 8.30g/t gold near surface have been reported at the Nyangboue prospect, 8km north. The Sisséplé trend in the west of the permit hosts an extension of mineralized structures from the Barrick/Endeavour joint venture to the south and is marked by several areas of artisanal workings.

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