Altus Strategies plc announced that reverse circulation (RC) drilling had extended the strike length of the FT Prospect by at least 150m, to beyond 3km at the Tabakorole joint venture gold project in southern Mali.
The company said that intersections include (down-the-hole and not true width) 2.0 g/t over 23m from 178m; 1.24 g/t over 24m from 13m; 0.81 g/t over 25m from surface.
Initial results from the first eight of 39 holes of 6,300m RC programme have been received to date.
Altus added that a high-resolution ground magnetic survey was underway and air-core (AC) drilling to test potential 1.3km long northwest extension would soon start.
The programmes are designed to define further potential strike extensions, as well as potential parallel targets.
“The Tabakorole project in southern Mali currently hosts a significant gold resource which is open along strike in both directions, and at depth,” said chief executive Steven Altus.
“These are very encouraging initial drilling results from the resource expansion programme.
“The results from the balance of the drilling programme, which also includes the potential northwest strike extension, are expected over the coming weeks.”
Altus holds a 49% equity interest and 2.5% Net Smelter Return (NSR) royalty on the project. Exploration activities at Tabakorole are funded by Marvel Gold Ltd under its joint venture with Altus.