MONTAGE GOLD SETS SHORT-TERM DISCOVERY TARGET OF MORE THAN 1 MILLION OUNCES OF HIGHER-GRADE M&I RESOURCES

PR Newswire · Oct 7 19:00

HIGHLIGHTS:

2024 exploration efforts at the Koné project are focused on both delineating higher grade satellite targets, with the goal of supplementing production from the commencement of operations, and identifying new targets
A first drill campaign, totalling 30,170m, was completed at the end of July 2024
- Mineralisation has now been confirmed at all 14 targets drilled since the start of the year
- 52 exploration targets now identified on the property, an increase from the 35 targets reported in July 2024
Drill results confirm potential to rapidly delineate maiden resources across several targets:
- Gbongogo deposit: Southern mineralised extension was confirmed, with results including 9m at 5.01 g/t Au, 13m at 1.53 g/t Au and 9m at 1.75 g/t Au
- ANV target: Confirmation of 1km long mineralised trend, with results including 51m at 2.00 g/t Au (incl. 1m at 18.86 g/t Au), 13m at 4.00 g/t Au (incl. 1m at 13.65 g/t Au), 17m at 1.86 g/t Au and 23m at 2.30 g/t Au (incl. 1m at 12.02g/t Au)
- Lokolo Main target: High grade mineralisation confirmed with results including 5m at 2.70 g/t Au, 8m at 5.56 g/t Au (incl. 2m at 35.13 g/t Au) and 11m at 6.28 g/t Au
- Diouma North target: High grade mineralisation confirmed with results including 22m at 2.9 g/t Au and 8m at 8.46 g/t Au (incl. 1m at 25.65 g/t Au and 1m at 28.58 g/t Au)
A second 60,000m drill programme was launched in September 2024 with the goal of delineating resources by year-end at several targets, in addition to further drill testing of other targets
Targeting the discovery of more than 1Moz of M&I resources, at a grade 50% higher than the Koné deposit, to be achieved before the commencement of production

ABIDJAN, Côte d'Ivoire, Oct. 7, 2024 /PRNewswire/ - Montage Gold Corp. ("Montage" or the "Company") (TSXV: MAU) (OTCQX: MAUTF) is pleased to announce that it is continuing to make rapid progress to discover and delineate higher grade exploration targets at its Koné project in Côte d'Ivoire, with the goal of further improving the production profile from the commencement of the operation.

Figure 1: Current production profile(1) (CNW Group/Montage Gold Corp.)

Figure 2: Map with 2024 drill results highlights (CNW Group/Montage Gold Corp.)

Figure 3: Koné Project Exploration Targets (CNW Group/Montage Gold Corp.)

Figure 4: Gbongogo South plan view with drilling intercepts (CNW Group/Montage Gold Corp.)

Figure 5: Gbongogo South cross section and drilling intercepts (CNW Group/Montage Gold Corp.)

Figure 6: Lokolo Main targets (excluding Lokolo North) and first 2024 drilling campaign highlights (CNW Group/Montage Gold Corp.)

Figure 7: Lokolo Main cross section and first 2024 drilling campaign intercepts (CNW Group/Montage Gold Corp.)

Figure 8: ANV surface collars including 2024 intercepts and historical drilling collars (CNW Group/Montage Gold Corp.)

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MONTAGE GOLD SETS SHORT-TERM DISCOVERY TARGET OF MORE THAN 1 MILLION OUNCES OF HIGHER-GRADE M&I RESOURCES

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