Thursday, October 16, 2025

Montage Gold Intersects 301.8 Metres Of 0.60 g/t Gold, Feasibility Study To Be Released This Year

Montage Gold (TSXV: MAU) last night announced the latest infill drilling results for its Kone Gold Project, located in Cote d’Ivoire. The company also provided an update on the ongoing feasibility study and current project timelines.

Infill drilling at the Kone Gold project continues to be robust, with a total of seven drill rigs currently in operation. The infill drill program is reportedly now 95% complete, with Montage reporting a total of 49,694 metres completed in aggregate.

The company is currently heavily focused on converting its inferred resource to indicated, with the company currently targeting a conversion rate of 90% for the category. An updated resource estimate based on this extensive drilling is currently slated to be released early in the third quarter of this year.

The company highlighted a number of results from the ongoing program, including:

  • MDD066: 230.05m grading 0.93 g/t gold
  • MDD068: 241.05m grading 0.77 g/t gold
  • MDD069: 301.80m grading 0.60 g/t gold

Outside of the recent drill results, the company also indicated that it currently intends to complete the ongoing feasibility study by year end. To that end, 2,200 kilograms of metallurgical samples are currently being analyzed, while feasibility design and engineering work are currently in progress. The company also anticipates the project to be fully permitted in early 2022 following the filing of an environmental and social impact assessment in the fourth quarter.

Montage Gold last traded at $0.87 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

GoldMining Reports 2.99 Million Ounces Of Gold Equivalent At Whistler Project

GoldMining Inc. (TSX: GOLD) released today its updated mineral resource estimate for its wholly-owned Whistler...

Monday, June 21, 2021, 10:32:00 AM

Taiga Gold Completes $2.5 Million Flow Through Financing

Taiga Gold (CSE: TGC) this morning announced the closing of a flow through private placement....

Friday, April 16, 2021, 09:13:45 AM

Massive Gold Deal: Northern Star Secures Hemi Project in $3.3 Billion Acquisition

Northern Star Resources Ltd. (ASX: NST), Australia’s largest listed gold miner, has announced a $3.3 billion...

Monday, December 2, 2024, 08:01:00 AM

Canaccord Reiterates Speculative Buy Rating, $3.70 Price Target For Battle North Gold

On Thursday, Battle North Gold (TSXV: BNAU) reported additional high-grade assay results from their confirmatory...

Sunday, September 27, 2020, 01:35:00 PM

Probe Metals Updates Resource Estimate of its Flagship Val-d’Or East Gold Project

On June 1, Probe Metals Inc. (TSXV: PRB) announced a constructive updated resource estimate for...

Tuesday, June 8, 2021, 02:44:00 PM