Altus defines drill targets in western Mali

By | 2018-10-10T08:41:12+00:00 October 10th, 2018|News|0 Comments

Drilling at Altus’ Lakanfla gold project in western Mali, has returned a number of high-grade intersections.

AIM listed Altus Strategies, the Africa focused exploration project generator, announced that it has defined drill targets to test a potential karst-style gold deposit at its 100% owned 24km2 Lakanfla gold project in Western Mali. Lakanfla is about 6.5km from the multi-million-ounce Sadiola gold mine, in the world renowned ‘Kenieba Window’ gold belt.

Altus Mali

A view of Altus Strategies’ license area in western Mali. Image credit: Altus Strategies

According to Steven Poulton, CEO at Altus, the Lakanfla gold project is reported to have historically hosted between 4 000 and 10 000 artisanal gold miners, targeting mineralised breccias from surface. Drilling of these breccias by previous operators has returned a number of high-grade intersections, including 9.78 grams per tonne of gold (g/t Au) over 12m from 12m and 5.20g/t Au over 16m from 36m. Following extensive reinterpretation of historic project data, a series of priority drill targets have been established to potentially define a ‘karst style’ deposit that may be present at depth.

“The drill targets are centred on a large geophysical gravity low, which is up to 4km long and 0.5km wide. This anomaly is hosted within carbonate lithologies surrounding a granodiorite intrusive. A karst deposit, if present, might be analogous to the nearby FE3 and FE4 open pits, which form part of the multi-million-ounce Sadiola gold mine about 6.5km northwest of Lakanfla, as well as the former multi-million-ounce Yatela gold mine located 35km to the northwest,” says Poulton.