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Montage Gold Corp. (TSXV: MAU, OTCPK: MAUTF)
Montage is a Canadian-based precious metals exploration and development company focused on opportunities in Côte d’Ivoire. The Company’s flagship property is the Koné Gold Project, located in northwest Côte d’Ivoire, which currently hosts an Indicated Mineral Resource of 225Mt grading 0.59g/t for 4.27Moz of gold, (0.20g/t cut-off grade) and an Inferred Mineral Resource of 22Mt grading 0.45g/t for 0.32Moz of gold (0.20g/t cut-off grade). Montage released a PEA in May 2021 outlining a large-scale, low-cost open pit project producing over 205koz annually over a 15-year project life, with after-tax NPV of $652M and IRR of 31%. Montage has a management team and Board with significant experience in discovering and developing gold deposits in Africa. The Company is rapidly progressing work programs at the Koné Gold Project towards completion of a Feasibility Study by the end of 2021.
Hugh Stuart
CEO
Mr. Stuart is the Chief Executive Officer and a Director of Montage. He is a professional geologist with over 25 years of international experience in mineral exploration. During his career, Mr. Stuart has been instrumental in the grassroots discovery of three gold deposits and the significant growth of two pre-existing gold deposits in Africa. From 1994 to 2001, Mr. Stuart worked for Ashanti Goldfields Inc. and led the team responsible for the discovery of the multi-million ounce Geita gold deposit in Tanzania. The Geita gold deposit entered production in 2000 and is currently owned by Anglogold Ashanti and is one of its flagship mines today. In 2003, Mr. Stuart joined Red Back Mining and for 7 years he led the exploration teams responsible for significant growth in Mineral Resources at the Chirano gold deposit in Ghana and the Tasiast gold deposit in Mauritania, both of which are significant multi-million ounce gold deposits that are currently in production. At Orca Gold Inc., Mr. Stuart was responsible for the grassroots discovery of the multi-million ounce Block 14 Gold Project located in Sudan and the Koné deposit at the Koné Gold Project.