https://www.miningweekly.com

Drilling at Altus Strategies’ southern Mali project confirms new parallel zone of gold

1st September 2021

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

Drilling at Aim- and TSX-V-listed Altus Strategies’ Tabakorole gold project, in southern Mali, has confirmed the discovery of a significant new parallel zone of gold mineralisation.

Altus holds a 49% equity interest and 2.5% net smelter return royalty on the project, where exploration activities are being funded by ASX-listed Marvel Gold under its joint venture with Altus.

The current drilling programme is designed to test the potential to expand the Tabakorole deposit on which a mineral resource estimate (MRE) has been modelled.

Altus CEO Steven Poulton says the discovery of the parallel zone has “significant implications” for the potential of the Tabakorole project.

Drilling results of 2.4 g/t gold over 24 m from 35 m depth in the Parallel zone and 3.6 g/t gold over 16.5 m from 3.2 m depth from the Northwest zone are “excellent”, he adds.

Marvel Gold has been aggressively advancing Tabakorole through its drilling programmes.

These programmes have successfully extended the deposit's strike length to the northwest and southeast and intersected new shallow and high-grade mineralisation outside of the current deposit model.

The results are expected to contribute to an updated MRE that is due to be completed later this month.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.048 0.074s - 110pq - 2rq
Subscribe Now