Montage Gold’s Koné project in Côte d’Ivoire. Credit: Montage Gold
Canadian mine developer Montage Gold (TSX: MAU) says an exploration update for its Koné project in Côte d’Ivoire shows increases in both indicated and inferred resources since the start of the year.
Koné is now estimated to hold 269 million indicated tonnes grading 0.63 gram gold per tonne for contained metal of 5.49 million oz., a 13% increase from the 2024 feasibility study, Montage said Thursday. Inferred resources stand at 43 million tonnes grading 0.51 gram for contained metal of 704,000 oz., 76% more than previously estimated.
“The latest results demonstrate the prospectivity of the Koné land package, with significant progress already made in adding to the resource inventory in only one year of drilling,” Scotia Capital mining analyst Ovais Habib said Thursday in a note.
Vancouver-based Montage had earlier this…
