Altus Strategies plc announced further encouraging results from the recently completed 10,308m reverse circulation (RC) drilling programme at its 100% owned Diba gold project in western Mali.
Diba, located in the Kayes region of the country, hosts a shallow-dipping, near-surface gold deposit and several other prospect areas.
The company’s current mineral resource estimate (MRE) for the Diba deposit comprises 4,834,000 tonnes at 1.39 g/t Au for 217,000 ounces in the indicated category; and 5,479,000 tonnes at 1.06 g/t Au for 187,000 ounces in the inferred category. bit.ly/39i5Rvm
Results announced yesterday (25 January) revealed 43.83 g/t Au over 5m from surface; 11.03 g/t Au over 3m from 37m; and 2.11 g/t Au over 14m from 21m.
Altus said it was planning follow-up drilling at the Diba deposit and other prospects.
Chief executive Steven Poulton said the company was also encouraged by intercepts outside the current MRE envelope, including 11.03 g/t Au over 3m from 37m, which may potentially extend the mineralised zone by approximately 100m to the west.
“Results are currently pending from 33 holes that have been drilled at a number of prospects outside of the current MRE. Our technical team is reviewing the data received to date and planning a ground magnetic survey which will commence shortly and be used to guide the next phase of drilling.”
The RC drilling programme comprises 114 holes over 10,308m. A total of 4,932m was drilled (over 57 holes) in and around the Diba deposit testing potential up dip, down dip and along strike extensions, as well as infilling areas within the MRE envelope to increase the resource confidence.
A further 5,376m was drilled to test a number of prospects located within 3km of the Diba deposit.