Montage Gold secures Mauritania gold permits

Montage Gold has successfully secured five greenfield gold exploration permits in Mauritania, covering an area of approximately 2,103km2. This strategic move, announced by CEO Martino De Ciccio, is a significant step in Montage Gold's ambition to become a leading multi-asset African gold producer. The newly acquired tenements are located in prospective Birimian greenstone belts, known for orogenic gold deposits. Montage Gold plans to invest up to US$2 million in initial exploration activities in 2026, including geological mapping, soil sampling, and drilling programs. The company will hold a 100% interest in the Sfariat permits and an 80% interest in the Zednes permit through an agreement with Societe d Investissement et d Exploitation. This expansion into Mauritania leverages existing relationships, including the experience of CFO Romania — Constanța and the track record of the Lundin family, a cornerstone shareholder. Silvia Bottero, EVP Exploration, emphasized the geological potential and the application of Montage Gold's proven exploration methodology.