Altus Strategies plc said it had discovered a potential new parallel zone of mineralisation at the Tabakorole gold project in Southern Mali.
The final results from a 6,300 metres reverse circulation (RC) drilling programme also show an extension of the current strike length of the project.
Exploration at Tabakorole is funded by Marvel Gold Ltd under its joint venture with Altus which holds a 49% equity interest and 2.5% net smelter return (NSR) royalty on the project.
Intersections from 20 RC holes (2,760m) including (down-the-hole and not true width) include:
2.0 g/t over 16m from 75m (potential new parallel zone, 50m east of the deposit)
5.8 g/t over 6m from 61m (anticipated to improve the modelled grade of the deposit)
2.0 g/t over 15m from 25m (extending the deposit strike length to the northwest)
1.5 g/t over 28m from 121m
A mineral resource estimate (MRE) previously generated for Tabakorole comprises 16,600,000 tonnes at 1.2 g/t Au for 620,000 ounces in the inferred category; and 7,300,000 tonnes at 1.2 g/t Au for 290,000 ounces in the indicated category.
Marvel Gold is currently conducting a five-hole diamond drilling programme and a 6,000m AC programme, in the southeast of the deposit, to infill the current MRE and test potential strike extensions respectively.
“These drilling results from the Tabakorole gold project in southern Mali are excellent,” said Altus chief executive Steven Poulton.
“An intersection of 2.0 g/t over 16m from 75m located approximately 50m east of the current deposit is significant as it represents the discovery of a potential new and parallel gold zone.
“Other results from this programme have successfully increased the strike length of the known deposit.
“Tabakorole currently hosts a significant gold resource, which remains open along strike in both directions as well as at depth.”