Montage Gold announces grade control results and resource increase for its Koné and Gbongogo Main deposits at its Koné Project

Core Viewpoint - Montage Gold Corp. has reported an updated Mineral Resource Estimate (MRE) for its Koné and Gbongogo Main deposits, indicating significant increases in both resources and grades, with construction of the Koné project progressing on-budget and ahead of schedule, expecting first gold pour in late Q4-2026 [2][11][62] Exploration and Drilling Activities - A total of 174,000 meters of exploration and grade control drilling were conducted in 2025, with 36% focused on the Koné and Gbongogo Main deposits, leading to the delineation of new higher-grade satellite deposits [3][4] - The Koné deposit saw 59,873 meters of drilling in 2025, increasing cumulative drilling to 171,050 meters, while the Gbongogo Main deposit had 7,292 meters completed, raising total drilling to 32,002 meters [3][4] Mineral Resource Estimate Updates - The Koné deposit's Measured and Indicated (M&I) Resources increased by 142,000 ounces to 4.63 million ounces, with a grade increase of 21% to 0.69 g/t Au; Inferred Resources rose by 749,000 ounces to 1.26 million ounces, also with a 21% grade increase to 0.52 g/t Au [4][5] - The overall M&I Resources for the Koné project increased by 671,000 ounces to 5.88 million ounces, with a grade increase of 24% to 0.77 g/t Au; Inferred Resources increased by 782,000 ounces to 1.56 million ounces, with a 7% grade increase to 0.58 g/t Au [6][19] Satellite Deposits and Future Exploration - Indicated and Inferred Resources for higher-grade satellite deposits now stand at 1.25 million ounces at 1.34 g/t Au and 303,000 ounces at 1.07 g/t Au, respectively, showcasing the effectiveness of the exploration program [6][19] - Updated resources for satellite deposits, including Gbongogo South and Koban North, are expected to be published soon, along with maiden resources for new discoveries like Petit Yao and Soman 1 & 2 throughout 2026 [7][61] Construction and Production Timeline - The construction of the Koné project is advancing rapidly, remaining on-budget and ahead of schedule, with the first gold pour anticipated in late Q4-2026 through the oxide circuit [2][11][62] - An updated life of mine plan is expected to be published later this year, incorporating the updated MRE and reflecting value enhancement initiatives [10]