Altus Strategies plc reported more positive results with multiple intersections encountered outside its mineral deposit at its Tabakorole joint venture gold project in southern Mali.
RESULTS
Results from five diamond drill holes (totalling 997m) from the central zone include shallow intersections outside of the mineral deposit of:
2.6 g/t gold over 21m from 70m;
1.3 g/t over 9m from 8m; and
1.9 g/t over 8m from 80m
Altus added that the results were expected to increase the volume and grade of the resource in the central zone.
Further results are pending from seven holes (totalling 1,115m) in the north-west zone.
PROGRAMMES
The company holds a 49% equity interest and 2.5% net smelter return royalty on the project with exploration activities funded by Marvel Gold Ltd under its JV with Altus.
Chief executive Steven Poulton said that the continued shallow and higher grade intersections from the central zone of the deposit was of particular significance.
“Marvel Gold, our ASX-listed JV partner, is aggressively advancing Tabakorole through a number of drilling programmes which are expected to contribute to an updated mineral resource estimate in late September.”
TABAKOROLE
Tabakorole currently hosts a MRE comprising 16,600,000 tonnes at 1.2 g/t gold for 620,000 ounces in the inferred category; and 7,300,000 tonnes at 1.2 g/t gold for 290,000 ounces in the indicated category