Montage Gold Provides Exploration Update on the Sissédougou Trend at Its Koné Project in Côte d’Ivoire

Core Insights - Montage Gold Corp. has reported significant progress in exploration at its Koné Project in Côte d'Ivoire, particularly with the Sissédougou trend, where the resource for the ANV deposit has more than doubled since earlier this year [2][10][41] - The ongoing 120,000-meter drill program has successfully identified multiple mineralized trends and targets, with all drill-tested targets returning positive results [3][12][7] - The company anticipates further growth in mineral resources as exploration continues, with a focus on both existing and new targets [11][32] Exploration and Resource Updates - The Koné project includes 7 mineralized trends with 52 identified targets, and mineralization has been confirmed at all 23 targets drill-tested so far [3][12] - The Sissédougou trend has shown a notable increase in Indicated Resources, rising by 72,000 ounces to 129,000 ounces at a grade of 1.06 g/t Au, and Inferred Resources increased by 54,000 ounces to 85,000 ounces at 1.1 g/t Au [5][32] - The overall Koné project Mineral Resource Estimate now stands at 5.49 million ounces of Indicated Resources at a grade of 0.63 g/t Au and 704,000 ounces of Inferred Resources at a grade of 0.51 g/t Au, representing a 13% increase in Indicated Resources and a 76% increase in Inferred Resources compared to the previous estimate [41][42] Drilling Program and Results - The 2025 drilling program was increased from 90,000 meters to 120,000 meters, with 87,595 meters drilled to date, focusing on the Gbongogo–Koroutou and Sissédougou trends [15][12] - High-grade mineralization has been intercepted at various targets, including notable drill results such as 29.0 meters at 3.55 g/t Au and 20.0 meters at 13.10 g/t Au [27][26] - The company is conducting a systematic auger drilling campaign to further define targets, with promising results indicating multiple gold anomalies over a 5 km area north of the ANV deposit [29][19] Construction Progress - Construction at the Koné project is progressing ahead of schedule, with key work packages tracking up to three months ahead, including the completion of all seven tanks on the first CIL train [8][6] - The processing plant area is advancing well, and early completion of the oxide circuit may allow for an earlier first gold pour [8][6] Strategic Objectives - Montage Gold aims to integrate higher-grade material from the onset of production, which is expected to yield significant returns on exploration investments [7][11] - The company is focused on becoming a premier African gold producer, with the Koné project positioned as a key asset in achieving this goal [46]