https://newsletter.mw.creamermedia.com
Exploration|Generator|Gold|Mining|PROJECT|Drilling
Exploration|Generator|Gold|Mining|PROJECT|Drilling
exploration|generator|gold|mining|project|drilling

Altus finds interesting gold mineralisation 3 km from main Tabakorole project

8th July 2021

By: Donna Slater

Features Deputy Editor and Chief Photographer

     

Font size: - +

Aim- and TSX-V-listed African mining royalty generator Altus Strategies reports that it has received “encouraging” results from a 19-hole drilling programme that spans 3 400 m at its joint venture (JV) at the Tabakorole gold project, in southern Mali.

Altus CE Steven Poulton says that, of particular significance for the current drill programme, which is still under way, is the discovery of a new zone of mineralisation 3 km to the southeast of the main deposit.

“This discovery represents just one of numerous targets that have been defined to date, based on soil and geophysical anomalies, and underscores our confidence that the deposit at Tabakorole will continue to grow.”

The results from the first six holes received to date, over 1 126 m, include gold mineralisation of 13 m at a grade of 2 g/t from 174 m, 4 m at a grade of 3.9 g/t from 110 m, and 4 m at a grade of 2.8 g/t from 29 m.

In addition, the project has also seen a 177-hole air core (AC) drilling programme being completed, totalling 5 148 m.

The results of this programme include findings of 4 m of gold mineralisation at a grade of 2.7 g/t from 20 m and 4 m at a grade of 1.3 g/t from 8 m.

Altus holds a 49% equity interest and 2.5% net smelter return royalty on the project, whose exploration activities are being funded by ASX-listed Marvel Gold, under the JV with Altus.

The AC holes were drilled about 3 km southeast of the main Tabakorole deposit, with the project hosting a mineral deposit for which a mineral resource estimate (MRE) has been generated.

This MRE comprises 16.6-million tonnes at a grade of 1.2 g/t for 620 000 oz in the inferred category, and 7.3-million tonnes at a grade of 1.2 g/t for 290 000 oz in the indicated category.

Altus reports that the MRE is to be updated with the results from the recent and planned drilling programmes.

“Marvel Gold is aggressively advancing the project through a number of drilling programmes and these are expected to contribute to an updated MRE later in the year,” Poulton says.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

Tractor & Grader Supplies
Tractor & Grader Supplies

Tractor & Grader Supplies (TGS™): Your Trusted, Genuine Source for New Replacement Parts for Earthmoving, Construction and Mining Machinery

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (14/03/2025)
14th March 2025 By: Martin Creamer
Magazine round up | 14 March 2025
Magazine round up | 14 March 2025
14th March 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.104 0.182s - 127pq - 2rq
Subscribe Now