Altus Strategies’ has confirmed a new parallel zone of gold at Tabakorole gold project in southern Mali. Altus CEO Steven Poulton made the announcement and said the discovery of the parallel zone has significant implications for the potential of the Tabakorole project.
The Tabakorole Gold Project, located approximately 230km south of the capital city of Bamako, is comprised of 10 tenement areas covering a total area of 830 km2. Altus holds a 49% equity interest and 2.5% net smelter return royalty on the project, where exploration activities are being funded by ASX-listed Marvel Gold under its joint venture with Altus.
Potential to expand the Tabakorole deposit
A number of targets have been defined for follow up exploration with potential for resource expansion, notably recent air-core (‘’AC’’) and diamond (‘’DD’’) drilling has confirmed that gold mineralisation continues at least 600m to the north-west along strike of the FT Prospect, which remains open along strike and at depth. The current drilling programme is designed to test the potential to expand the Tabakorole deposit on which a mineral resource estimate (MRE) has been modeled.
Drilling results of 2.4 g/t gold over 24 m from 35 m depth in the Parallel zone and 3.6 g/t gold over 16.5 m from 3.2 m depth from the Northwest zone are “excellent”, he adds. Marvel Gold has been aggressively advancing Tabakorole through its drilling programmes. 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 results are expected to contribute to an updated MRE that is due to be completed later this month.