| Announcement Date: | 2021-11-16 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Montage Gold Corp. |
| Project name: | Kone |
| Location: | Ivory Coast |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 6m @ 10.82g/t Au from 37m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia — November 16, 2021 — Montage Gold Corp. (“Montage” or the “Company”) (TSXV: MAU) (OTCPK: MAUTF) is pleased to report additional near surface high-grade drill results from the Petit Yao Central target within the Koné Gold Project (“KGP”) in Côte d’Ivoire. The Company is also pleased to provide an update on the ongoing Feasibility Study and permitting progress at the KGP as well as other exploration activities within the portfolio. Hugh Stuart, Montage CEO commented, “We continue to be impressed with the high-grade drill results at Petit Yao Central which is showing potential as a satellite pit for the KGP. The mineralization sits near surface, predominantly in oxides, is shallow dipping and is open in all directions. This program will enable us to evaluate the resource potential of Petit Yao Central while we plan to test the strike extensions. “Within the broader Petit Yao North area, recent soil sampling has identified several kilometres of new anomalism for further testing. Given the success at Petit Yao Central, we are highly encouraged by the potential to identify additional satellite pit targets near the Koné deposit. “The Feasibility Study for the KGP is progressing well and we expect it to be completed in January 2022. Thus far, the test work and studies completed have largely confirmed the assumptions from the Preliminary Economic Assessment (“PEA”) from May 2021 |
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