Altus Strategies has announced results from a 6 300m reverse circulation (RC) drilling programme at the Tabakorole gold project in southern Mali.
These results include the discovery of a potential new parallel zone of mineralisation, as well as an extension of the current strike length of the project. Altus holds a 49% equity interest and 2.5% Net Smelter Return (NSR) royalty on the project. Exploration activities at Tabakorole are being funded by Marvel Gold.
According to Steven Poulton, CEO of Altus, the drilling results from Tabakorole are excellent. “An intersection of 2.0 g/t over 16m from 75m located approximately 50m east of the current deposit is significant as it represents the discovery of a potential new and parallel gold zone. Other results from this programme have successfully increased the strike length of the known deposit. Tabakorole currently hosts a significant gold resource, which remains open along strike in both directions as well as at depth,” says Poulton.
“Our JV partner, ASX-listed Marvel Gold, is currently undertaking a five-hole diamond drilling programme and a 6 000m AC programme, in the southeast of the deposit, to infill the current MRE and test potential strike extensions respectively,” Poulton adds.
The 6 300m RC drilling programme at Tabakorole was undertaken by Marvel Gold, as part of the JV Stage-3 earn-in. The programme was designed primarily to increase the existing resource by extending gold mineralisation along strike in both directions (to the northwest and the southeast). There are also a number of holes within the known strike length of the FT Prospect designed to increase the resource confidence, or further delineate interpreted high-grade plunging shoots within the orebody.