Gold targets defined at Tabakorole!
Altus Strategies, the Africa focused project and royalty generator, announces the results of a high-resolution ground magnetic survey undertaken at the Company’s Tabakorole gold project located on the in southern Mali. The survey was completed by Altus personnel under the joint venture between Glomin Services Ltd and Altus, as previously announced by the Company on 02 December 2019.
According to the key highlights, Tabakorole gold project in southern Mali, Excellent correlation between geophysics and known gold mineralised shear zones. Tabakorole hosts a historical mineral resource at the FT Prospect comprised of: 7,880,000 tonnes at 0.94 g/t Au for 240,000 ounces in the Indicated category
10,550,000 tonnes at 1.03 g/t Au for 350,000 ounces in the Inferred category Based on a 0.5 g/t cut off!
A Qualified Person has not undertaken sufficient work to classify the Historical Mineral Resource as a current mineral resource and the Company is not treating the Historical Mineral Resource as a current mineral resource. See “Tabakorole Project: Historical resource” and “Cautionary note regarding historical data”
Steven Poulton, Chief Executive of Altus, commented: “Our exploration team has completed a JV funded ground magnetic programme at the Tabakorole Gold Project in southern Mali. The data from the survey has now been processed and interpreted and the results are very encouraging.
A potential extension to the known mineralised shear zone can be interpreted along with multiple sub-parallel or splay structures, none of which have been systematically drill tested to date. A number of the interpreted structures are coincident with areas where previous regolith sampling has returned encouraging results.
The data from this magnetic survey will be analysed along with historical information and the results of a recent AC drilling programme when available, to define priority drill targets for the JV to test. Fieldwork at Tabakorole has currently been paused in response to the COVID-19 pandemic. We look forward to updating shareholders on further results in due course.”
