Africa-focused project and royalty generator, Altus Strategies, has defined a significant new prospect at the Diba SW gold project in Mali.
Diba is about 13km south of IamGold’s multi-million-ounce Sadiola gold mine, in the world renowned ‘Kenieba Window’ gold belt in the west of Mali. Diba SW is defined by a 1.2km long discontinuous soil anomaly. The prospect is about 0.5km along strike of the historical Diba resource area and the anomaly occurs along the flank of a topographic ridge and is coincident with a geophysical anomaly. High grade historical drill intersections at Diba includes 5.02 grams per tonne of gold (g/t Au) over 20.0m and 5.36 g/t over 13m.
“Based on the discovery of Diba SW, we have reinterpreted the historical geochemical, geophysical and topographical data at Diba. This work has defined at least three further potential prospects, increasing the total number of new prospects at Diba to six. Given the number and potential scale of these prospects, we believe the opportunity to increase the size of the historic resource at Diba is considerable. The project hosts a near surface, shallow dipping, historical oxide resource with a number of exceptional drill intersects, including 5.02 g/t Au over 20.0m and 5.36 g/t over 13m. The adjacent Sadiola mine is reportedly for sale and is believed to have exhausted its oxide feed. However, while we recognise that Diba may be a potential source of future oxide feed for Sadiola, we also consider it has significant standalone oxide and growth potential,” says Steven Poulton, CEO of Altus Strategies.