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