Announcement • Jul 29
Montage Gold Confirms the Prospectivity of Its Wendé Advanced Greenfield Exploration Property in Côte D’Ivoire
Montage Gold Corp. to provide an exploration update for its Wendé advanced greenfield exploration property, in Côte d’Ivoire, where drill results have confirmed the prospectivity of the property. A total of 6,539 meters have been completed out of the ongoing 9,000-meter drill programme launched earlier this year, with results confirming the prospectivity of the Bobosso target, which hosts a gold-in-soil anomaly covering an area of approximately 7km2. Approximately 60,000 meters of drilling has been conducted on the property by previous owners, with current in-fill drill results confirming the continuity of mineralization at the Bobosso target whilst step-out drilling has also succeeded in extending mineralization along the current strike, as well as down dip of historical drill holes. As a result, the Company is confident that upcoming drill programmes may result in the delineation of a maiden mineral resource. Furthermore, the Company announced that the Ministry of Mines, Petroleum and Energy, in conjunction with the Ministry of Finance and Budget and the Ministry of the Environment, Sustainable Development and Ecological Transition, of Côte d’Ivoire, has approved the grant of the Dabakala permit (PR1081), thereby consolidating further prospective exploration grounds in proximity to Wendé. The Wendé advanced greenfield exploration property, covering an area of approximately 107km2, was granted in December
2025 and is located in the central-northeast region of Côte d'Ivoire, approximately 360km northeast of Abidjan. The property is accessible from Abidjan via a paved national highway to within 40km from of the property. The Dabakala greenfield exploration property, covering an area of approximately 349km2, was granted in July 2026 and is located immediately north of the Wendé permit. The properties are situated along a prolific and major litho-structural structure known as the Ouango-Fitini Shear Zone (“OFSZ”), extending as far north as Endeavour Mining’s Houndé and Mana mines in Burkina Faso, transgressing into Côte d’Ivoire. To the east of the OFSZ, the structure is bounded mainly by Birimian detrital sediments, whilst to the west predominantly Birimian intrusive and basement rocks can be found. A series of greenstone belts, late Birimian felsic intrusions and Tarkwaian sediments are intercalated along the OFSZ. Secondary order structures frequently splay from the main OFSZ, and together with the contrasting lithologies and late intrusions, provide the potential for gold mineralization. The Wendé property has been intermittently explored by previous owners providing a series of geological data and targets that form the basis for targeted exploration. In total, over 60,000 meters has drilled by previous owners across the property. Previous drilling had identified an oval-shaped, overall north-northeast striking target, initially based on gold-in-soil anomalies, covering an area of approximately 7km2, named Bobosso. The initial results from drilling completed by Montage to the end of June 2026 have confirmed the mineralisation intercepted in the historical drill holes, providing a better understanding of the deposits structural controls and geological continuity. Best selected intercepts, drilled by Montage, include: BMRC0030: 6.0 meters at 3.86 g/t Au from 98 meters and 8.0 meters at 8.06 g/t Au from 134 meters and 14.0 meters at 2.92 g/t Au from 146 meters; BMRC0029B: 13.0 meters at 4.36 g/t Au from 32 meters; BMRC0021: 24.0 meters at 0.96 g/t Au from 4 meters; BMRC0014: 17.0 meters at 1.35 g/t Au from 95 meters; BMRC0026: 8.0 meters at 2.68 g/t Au from 20 meters; BMRC0008: 8.0 meters at 1.98 g/t Au from 47 meters. Gold mineralization at the Bobosso target has been recognized as a cluster of parallel continuous trends, striking north-northeast to northeast, dipping 60-70° toward north-northwest to northwest, consistently to the strike of the structures splaying from the OFSZ as interpreted from geophysics and structural measurements on core. Individual mineralized trends extend between 1.0 to 2.0 km as supported by drilling. Drilling assays show wide intercepts, often up to 50.0 meters in apparent thickness, with grades generally ranging from 1.0 to 1.5 g/t Au. Gold mineralisation occursthroughout volcaniclastic sequence,showing evidence of deformation and hydrothermal alteration. The mineralised trends remain open both downdip and along strike.
