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Altus notes encouraging drilling results at Diba

7th January 2021

By: Tasneem Bulbulia

Deputy Editor Online

     

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Mining royalty company Altus Strategies has recorded “encouraging” initial results from the ongoing 10 000 m reverse circulation (RC) drilling programme at its 100%-owned Diba gold project, in western Mali.

Diba hosts a shallow-dipping near-surface gold deposit and several other prospect areas.

Intersections from the Diba deposit include 3.34 g/t gold over 60 m from 17 m, 4.48 g/t gold over 15 m from 22 m, 22.11 g/t gold over 6 m from 89 m, and 2.51 g/t gold over 12 m from 3 m.

Two new zones have been discovered at the Diba NW prospect, 800 m northwest of Diba deposit.

A mineral resource estimate for the Diba deposit comprises 4.83-million tonnes at 1.39 g/t gold for 217 000 oz in the indicated category and 5.48-million tonnes at 1.06 g/t gold for 187 000 oz in the inferred category.

Further assay results from the balance of the drilling programme are anticipated shortly.

Follow-up drilling is planned for the second quarter of this year to include currently undrilled prospects.

Diba is strategically located in a world-famous gold belt that hosts numerous openpit mines.

Altus CE Steven Poulton says a number of priority prospects have not been tested in the current programme and the company anticipates that these will be drilled in a follow-up programme.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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