Continues Its Run Of Drilling Success In Western Mali
Altus Strategies Plc (AIM:ALS, TSXV:ALTS) has delineated what it believes is a significant and coherent, shallow-dipping and near-surface potential gold deposit at the company’s 100% owned Diba gold project in western Mali.
The new Diba NW discovery, located approximately 1.5km northwest of the primary Diba Deposit has been defined from the combination of results from the recently completed 10,308m reverse circulation (RC) drilling programme and historical project data.
Chief Executive, Steven Poulton, said Diba NW is currently assessed to be 550m long, 150m wide and open along strike and down dip.
“We are delighted to announce the definition of a coherent series of shallow-dipping near-surface lenses of gold mineralisation at Diba NW in western Mali,” Mr Poulton said.
“The prospect is located just 1.5km northwest of the existing Diba Deposit. Intersections at Diba NW include 1.45 g/t Au over 22m (not true width) from 55m downhole, within an area that is currently 550m long by 150m wide. The highest grades appear to be situated on the northern margin of an igneous intrusion, which is interpreted to be up to 1.5km long. Diba NW remains open along strike and down dip.
“The proximity of Diba NW to the existing Diba Deposit is highly encouraging. Further drilling will be undertaken in order to determine if a resource can be defined at Diba NW.
“Furthermore, we are pleased to report additional and encouraging results from the final batch of assay data from drilling at the Diba Deposit, including 8.50 g/t Au over 8.0m from 107m downhole and 2.30 g/t Au over 11m from 7m downhole.
“The results from the recent drilling programme at the Diba Deposit will be incorporated into a future updated MRE and Preliminary Economic Assessment.
“Our technical team is currently planning a ground magnetic survey to guide the next phase of drilling at Diba. We look forward to updating shareholders as we advance the project.”
The RC drilling programme comprised a total of 10,308m over 114 holes. A total of 4,932m was drilled (57 holes) in and around the Diba Deposit testing potential up dip, down dip and along strike extensions, as well as infilling areas within the MRE envelope to increase confidence in the MRE.
A further 5,376m was drilled (57 holes) to test a number of prospects located within 3km of the Diba Deposit, including 40 holes for 3,725m at the Diba NW prospect.
The Diba NW drill target was established from a detailed review of historic data by the company’s technical team, which included historic soil, termite mound and auger sampling and limited rotary air blast (RAB), RC and diamond drilling (DD).
