The discovery of a significant new parallel zone of gold mineralisation at the Tabakorole Gold Project in Southern Mali has been announced in a report by Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF). Highly encouraging drilling results have confirmed the discovery.
Tabakorole is a 292km2 gold project located in southern Mali, approximately 280km south of the capital city of Bamako. Altus holds a 49% equity interest and 2.5% Net Smelter Return royalty on the Project. The exploration activities at Tabakorole are being funded by Marvel Gold Limited (ASX: MVL) JV with Altus.
Steven Poulton, Chief Executive of Altus, commented, “The discovery of this parallel, shallow and high-grade gold zone has significant implications for the potential of the Tabakorole gold project in southern Mali. Drilling results of 2.4 g/t Au over 24m from 35m depth in the Parallel Zone and 3.6 g/t Au over 16.5m from 3.2m depth from the Northwest Zone are excellent. Marvel Gold, our ASX-listed JV partner, has been aggressively advancing Tabakorole through its drilling programmes in 2021. 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 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 reports that results are expected to increase the volume and grade of the MRE and a further update is expected in September 2021.
For further information go to www.altus-strategies.com