Tabakorole Gold Project of 7880K tonnes
On air core drilling at Tabakorole Gold Project, Southern Mali Altus Strategies, the Africa focused project and royalty generator, announces the commencement of a 2,000m air core (AC) drilling programme at the Company’s Tabakorole gold project located on the in southern Mali, approximately 100 km southwest of the formerly multi-million ounce Morila gold mine owned by Barrick Gold Corporation.
The drilling is being completed by Glomin Services Ltd under the joint venture between Glomin and Altus, as previously announced by the Company on 02 December 2019. Key findings say JV financed 2,000m AC drill programme at Tabakorole gold project in southern Mali.
Historical near surface resource at Tabakorole’s FT prospect comprised of: 1: 7880K tonnes at 0.94 g/t Au for 240K ounces in the Indicated category, 2: 10550K tonnes at 1.03 g/t Au for 350K ounces in the Inferred category, 3: Based on a 0.5 g/t cut off.
High grade intercepts including 6.05 g/t Au over 18m from 12m (10FLRC-12A) and 2.63 g/t Au over 38m from 4m (10FLRC-07) were not incorporated in the historical resource estimate, Programme designed to generate targets for follow up diamond drilling
Steven Poulton, Chief Executive of Altus, commented: “We are delighted to announce the commencement of the maiden JV drill programme at the Company’s Tabakorole gold project in southern Mali. The programme is being undertaken by Glomin, as part of our JV on Tabakorole as announced in December 2019. The JV also incorporates the Lakanfla gold project, which is contiguous with the Sadiola gold mine in western Mali.
The initial 2,000m of AC drilling at Tabakorole will test a number of priority targets adjacent to the historic 590,000 ounce resource. These targets were defined by previous operators which, due to the cyclical downturn in the sector, have yet to be systematically tested. We look forward to updating shareholders on the results from Tabakorole in due course.”