Montage Gold (MAU.TO) has released a resource update on its higher grade satellite deposits at its flagship Koné gold project in Ivory Coast. The total resource increase at those satellite deposits is quite remarkable as they grew from just 0.52 million ounces in the measured and indicated category in the 2024 feasibility study, to a total of 2.5 million ounces in all categories (including 1.7 million ounces in the measured and indicated resource categories and an additional 0.8 million ounces in the inferred resource category) at a grade of 1.51 g/t and 1.34 g/t respectively.
These resource additions have also pushed the total Koné resource to 6.3 million ounces gold in the measured and indicated categories (with an additional grade boost to 0.8 g/t gold) while the total inferred resources increased to 2 million ounces gold at a 36% higher grade of 0.68 g/t gold.
Additional resource updates are expected given the company is currently working on a 90,000 meter drill program (and a total of 330,000 meters has already been drilled since the publication of the feasibility study). Meanwhile, the first gold pour at Koné is expected in late Q4 2026.
Disclosure: The author has no position in Montage Gold. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
