Altus Strategies plc confirmed the discovery of a significant new parallel zone of gold mineralisation at its joint venture Tabakorole gold project in southern Mali.
RESULTS
The current drilling programme is designed to test the potential to expand the Tabakorole deposit on which a mineral resource estimate (MRE) has been modelled.
Results from eight diamond drill holes for 1,296m from Northwest Zone and Parallel Zone of multiple, shallow and high-grade intersections include (not true width of intervals):
Northwest Zone: 3.6 g/t gold over 16.5m from 3.2m
Parallel Zone: 2.4 g/t Au over 24m from 35m & 1.5 g/t Au over 20.6m from 26.4m.
Altus said that the Parallel Zone was outside of the deposit and remained open beyond 120m strike and at depth.
The results are expected to increase the volume and grade of the MRE which is being prepared during September.
JOINT VENTURE
Exploration activities at Tabakorole are being funded by Marvel Gold Ltd under its JV with Altus.
Altus holds 49% of the project and a 2.5% NSR royalty on Tabakorole gold production.