Announcement Date: 2022-03-15
Announcement Type: Feasibility Study
Announcement Code: NI43-101
Company name: Montage Gold Corp.
Project name: Kone
Location: Ivory Coast
Commodities: Gold
Highlight: DFS results incl. post-tax NPV (5%) of US$746M & IRR of 35%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia — February 14, 2022 — Montage Gold Corp. (“Montage” or the “Company”) (TSXV: MAU) (OTCPK: MAUTF) is pleased to announce the results of the Definitive Feasibility Study (the “DFS” or the “Study”) for the Koné Gold Project (“Koné Gold Project”, “Project”, or “KGP”) in Côte d’Ivoire. The DFS was prepared by Lycopodium Minerals Pty Ltd. in accordance with Canadian Securities Administrators’ National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). Please note that all financial figures in this press release are in United States dollars, unless otherwise noted The Koné Gold Project is located approximately 590km north-west of Abidjan (Figure 1), the commercial capital of Côte d’Ivoire. The Project comprises two exploration permits (PR262 and PR748) covering 662km2 , a third exploration permit pending documentation (382km2 ), and two applications covering a further 398km2 all within trucking distance of Koné (Figure 1). The communities of Fadiadougou and Batogo lie 5km east and west respectively of the resource area with the nearest major centre at Séguéla, 80km to the south. The Project area is accessible year-round with an asphalt highway within 500m of the proposed plant location. The Project area and is largely devoid of habitation with subsistence farming and cashew plantations the dominant land use.
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