Extractive Industries

Altus starts 35,000m drill programme at Tabakorole

Altus Strategies plc has started a combined 35,000m reverse circulation (RC), air core (AC), and auger drilling programme at the Tabakorole gold project in southern Mali.

Programme: 35,000m drilling will comprise 5,000m of RC, 15,000m of AC and 15,000m of auger drilling (Altus Strategies)

MINERAL RESOURCE

The company holds a 49% equity interest and 2.5% net smelter return (NSR) royalty on the joint venture project with exploration funded by Marvel Gold Ltd.

A mineral resource estimate for Tabakorole shows 17,300,000 tonnes at 1.2 g/t gold for 665,000 ounces in the inferred category; and 9,200,000 tonnes at 1.2 g/t Au for 360,000 ounces in the indicated category.

Altus said that 70% of the MRE is situated within 150m of the surface.

The drill programme comprises 5,000m of RC drilling, 15,000m of AC drilling and 15,000m of auger drilling.

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