Montage Gold Boosts Koné Project Resources by 671K Oz with Higher Grades
Event summary
- Montage Gold increased Koné deposit Measured & Indicated Resources by 142K oz to 4.63M oz, with grade up 21% to 0.69 g/t Au
- Gbongogo Main deposit Indicated Resources rose 223K oz to 783K oz, with grade up 3% to 1.51 g/t Au
- Total Koné project M&I Resources grew by 671K oz to 5.88M oz, with grade up 24% to 0.77 g/t Au
- 90,000-meter drill program launched in early 2026 to further expand resource base
The big picture
Montage Gold's significant resource upgrades at its Koné project come as the company advances construction on-budget and ahead of schedule. The increased grades and ounces enhance the project's long-term production profile, positioning it as a key player in West Africa's gold sector. The ongoing exploration success underscores the potential for further discoveries, which could attract additional investment and strategic partnerships.
What we're watching
- Resource Expansion
- Whether the upcoming resource updates for satellite deposits will further enhance the project's economic viability.
- Execution Risk
- The pace at which Montage can sustain this level of resource growth while maintaining construction timelines.
- Market Dynamics
- How higher gold prices will impact the economic assumptions underlying these resource estimates.