Preparing For Follow-Up Mali Drilling Programme In Q2
Altus Strategies Plc (AIM:ALS, TSX-V:ALTS) has received encouraging initial results from the ongoing 10,000m Reverse Circulation (RC) drilling programme at its 100% owned Diba gold project located in western Mali.
Diba hosts a shallow-dipping near-surface gold deposit and several other prospect areas.
Highlights:
- Intersections from Diba Deposit include:
- 3.34 g/t Au over 60m from 17m (including 13.60 g/t Au over 9m)
- 4.48 g/t Au over 15m from 22m (including 7.18 g/t Au over 9m)
- 22.11 g/t Au over 6m from 89m
- 2.51 g/t Au over 12m from 3m (including 3.32 g/t Au over 7m)
- Two new zones discovered at the Diba NW prospect, 800m northwest of Diba Deposit.
- A Mineral Resource Estimate (MRE) for the Diba Deposit comprises:
- 4,834,000 tonnes at 1.39 g/t Au for 217,000 ounces in the Indicated category
- 5,479,000 tonnes at 1.06 g/t Au for 187,000 ounces in the Inferred category.
Chief Executive, Steven Poulton, said further assay results from the balance of the drilling programme anticipated shortly, while follow up drilling is planned for Q2 of 2021 to include currently undrilled prospects
“We are delighted to report on the excellent results returned from the ongoing 10,000m RC drilling programme at the Diba gold project in Western Mali, including 3.34 g/t Au over 60m from 17m downhole from within the Diba Deposit,” Mr Poulton said.
“Separately we are highly encouraged by intercepts outside the margins of the current MRE envelope, indicating along strike and down-dip continuation, including 4.48 g/t Au over 15m from 22m on its western side and 22.11 g/t Au over 6m from 89m on its eastern side.
“The current drilling programme is also testing satellite prospects to the main Diba Deposit. Initial results received from the Diba NW prospect indicate the discovery of two potentially significant, shallow-dipping and consistent zones of mineralisation totalling approximately 750m in strike length with intersections including 0.87 g/t Au over 21m from 79m.
“A number of priority prospects have not been tested in the current programme and we anticipate that these will be drilled in a follow-up programme, once physical access to the drill rig is complete. In the meantime, we look forward to updating shareholders on further assay results from the current programme as they are received.”
