Promising Advances in Exploration at Petit Yao
HIGHLIGHTS:
- Recent drilling at the Petit Yao target indicates a strong potential for creating one of the highest-grade satellite deposits in the region.
- Initial results from the ongoing drilling program include impressive high-grade intersections:
- 6.0m at 7.26 g/t Au from 55m
- 6.0m at 5.09 g/t Au from 59m
- 5.0m at 5.12 g/t Au from 43m
- Mineralization has been confirmed across a substantial strike length of over 1.1 km and to a depth of 150 meters, remaining open in all directions.
- Future drilling of an additional 6,800 meters is planned, alongside scout drilling of 1,000 meters near a geochemical anomaly northeast of Petit Yao.
- A maiden resource for Petit Yao is anticipated to be announced following the completion of the ongoing drill program, along with updates for other targets: Gbongogo South, Koban North, and more.
ABIDJAN, Côte d'Ivoire — Montage Gold Corp. (TSX: MAU, Other OTC: MAUTF) is thrilled to announce that their exploration program at the Koné project has yielded multiple high-grade results at the Petit Yao target, which lies close to the Koné processing plant. These drill results underscore Petit Yao's potential to evolve into a significant high-grade satellite deposit, with expectations for a maiden resource to be disclosed upon completion of drilling.
The ongoing program has delivered numerous high-grade intercepts at Petit Yao, confirming its continuity over a striking 1.1 km length and down to a depth of 150 meters, where mineralization remains open for further exploration.
Noteworthy results from the current drill campaign include the following highlights, with some assay results still pending:
- Hole PYRC007: 6.0 meters at 7.26 g/t Au (including 1 meter at 13.84 g/t Au and another at 16.40 g/t Au) from 55 meters
- Hole PYRC017: 6.0 meters at 5.09 g/t Au (including 1 meter at 23.0 g/t Au) from 59 meters
- Hole PYRC0033A: 5.0 meters at 5.12 g/t Au from 43 meters
- Hole PYRC021: 14.0 meters at 1.44 g/t Au from 53 meters
- Hole PYRC015: 13.0 meters at 1.50 g/t Au from 67 meters
- Hole PYRC023: 9.0 meters at 1.62 g/t Au from 122 meters and 2 meters at 2.23 g/t Au from 136 meters.
This year, a total of 4,068 meters have been drilled at Petit Yao, with efforts rapidly shifting to this area as an emphasis for the ongoing exploration campaign. A further 6,800 meters is planned for completion by year-end, complemented by a 1,000-meter auger drilling program ready to commence in the northeastern vicinity of Petit Yao.
Silvia Bottero, EVP Exploration at Montage, expressed her enthusiasm: “The initial drill results from the Petit Yao target are exhilarating, indicating the potential for a high-grade deposit within our Koné project. The strategic positioning of Petit Yao relative to our processing facility enhances the significance of this discovery, as we work to unlock its potential value.”
“Recognizing the importance of this breakthrough, we have swiftly adjusted our exploration strategy to allocate additional resources towards Petit Yao. Our objective is to delineate a maiden starter resource in the coming months.”
“Our ongoing exploration success strengthens our conviction that we can identify additional high-grade satellite deposits, thereby enriching the production capacity of the Koné project from its inception.”
Understanding the Petit Yao Target
Location Insights
Petit Yao is situated approximately 7 km from the Koné processing plant and falls within the established mining permit area. The target was discovered through soil geochemical methods, identifying an extensive gold-in-soil anomaly exceeding 100 ppb. Further shallow drilling confirmed the continuity of the mineralization down to fresh rock levels.
Geological Context and Mineralization
The Petit Yao target appears to be located at a significant geological fold within regional structures, identified through both geological analysis and magnetic data interpretation. The geological composition is primarily Birimian fine-grained sediments interspersed with mafic volcanics and locally intruded by diorite. The mineralization is characterized by shear-hosted quartz-pyrite veining associated with sericite and silica alterations, generally oriented at a gentle 30° dip towards the southwest.
Drilling Program Updates
Commencing in 2025, the drilling program consisted of various methods, including both diamond-drill and reverse-circulation holes. The initial phase involved drilling 43 holes across a cumulative distance of 4,068.5 meters, demonstrating considerable high-grade mineralizable zones within the target area.
Encouraging results have propelled additional drilling to an expected total of 6,800 meters, further investigating strike continuity and enticing higher-grade zones close to this identified mineral resource.
Key upcoming exploration catalysts include:
- Finalization of the ongoing drilling program at Petit Yao, leading to the establishment of a maiden starter resource.
- Additional infill drilling and grade control measurements at the Koné-related deposits.
- Results from the 2025 exploration efforts will continue to unfold across various targets.
- Updated Mineral Resource Estimations for previously explored sites, alongside maiden resource announcements for new advanced targets.
About Montage Gold Corp.
Montage Gold Corp. is a publicly traded Canadian company, strategically focused on becoming a leading gold producer in Africa, with the Koné project being central to its ambitions. Based on recent feasibility studies, the Koné project showcases promising projections, including a robust mine life and substantial annual gold production targets, with operational commencement expected soon.
Contact Information
For Investor Relations Inquiries:
Jake Cain
Strategy & Investor Relations Manager
Email: jcain@montagegold.com
Phone: +44-7788-687-567
For Media Inquiries:
John Vincic
Oakstrom Advisors
Email: john@oakstrom.com
Phone: +1-647-402-6375
For Regulatory Inquiries:
Kathy Love
Corporate Secretary
Email: klove@montagegold.com
Phone: +1-604-512-2959
Frequently Asked Questions
What are the latest developments at the Petit Yao target?
Recent drilling has revealed high-grade results, confirming its potential to become a significant satellite deposit near the Koné processing facility.
How much drilling has been completed at Petit Yao?
A total of 4,068 meters have been drilled so far, with plans for an additional 6,800 meters to enhance exploration efforts.
What type of mineralization has been found?
Mineralization primarily consists of shear-hosted quartz-pyrite veining associated with significant geological formations in the area.
What is the significance of the drill results?
The drill results indicate potential for higher-grade deposits, which may significantly impact the overall production profile of the Koné project.
When is the maiden resource expected to be published?
The maiden resource estimate is anticipated after completing the current drilling program at Petit Yao.
