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Montage Gold (OTCQX:MAUTF) said Wednesday that Côte d’Ivoire awarded the mining permit for the company’s Koné project, marking the final approval required to launch construction and operating activities.
Montage (OTCQX:MAUTF) said it was awarded mining permits for both its Koné and Gbongogo deposits, which are valid for 20 years and 8 years respectively, with opportunities to extend as further mine life is added through exploration success.
The company said it is advancing exploration at the Koné project with a 30K-meter drill program expected to be completed later this month, with a second 60K-meter drill program expected to be launched in late Q3 with the goal of delineating resources at top priority targets.