Montage Gold acquires 19.9% stake in African Gold for C$6.3 million, becoming operator of Didievi project.

From GlobeNewswire: 2025-03-24 23:56:00

Montage Gold Corp. is set to acquire up to a 19.9% stake in African Gold Limited for approximately C$6.3 million. African Gold’s Didievi project in Côte d’Ivoire holds an Inferred Resource of 452,000oz of gold. Montage will become the operator of the Didievi project, leveraging its expertise in the region. The partnership includes key terms such as equity swap, technical services agreement, and board nominee appointments. The transaction is expected to close in Q2-2025 pending shareholder approval and definitive agreements (Source: GlobeNewswire).

African Gold’s Didievi project in Côte d’Ivoire is undergoing a 10,000-meter drill program, with recent drilling returning high-grade extension intercepts. The project has multi-million ounce potential and is strategically located near established gold mines. African Gold is excited about partnering with Montage Gold to unlock exploration value. The partnership will bring expertise from both companies to accelerate growth and development in the region (Source: GlobeNewswire).



Read more at GlobeNewswire: Montage Gold Enters into Strategic Partnership with African