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Altus Strategies reports Diba Gold drilling intersects

Published by
Global Mining Review,


Altus Strategies Plc has announced the intersection of high grades from diamond drilling (DD) at the company's 100% owned Diba gold project in western Mali. Diba hosts a shallow-dipping, near-surface gold deposit and a number of other prospective targets.

Highlights

  • Shallow high-grade DD intersections from Diba gold project in western Mali.
  • Intersections from the Diba Deposit (down-the-hole and not true widths) include:
    • 21.9 g/t gold (Au) over 10.2 m from 28 m (including 72.2 g/t over 3 m from 31 m).
    • 2 g/t Au over 25.4 m from 43.4 m (including 3.2 g/t Au over 12.3 m from 56.5 m).
    • 1.4 g/t Au over 26.7 m from 17.3 m (including 4.1 g/t Au over 3 m from 32.2 m).
  • Combined 10 100 m DD and reverse circulation (RC) drilling is underway, designed to:
    • Expand the current mineral resource estimate (MRE) of the Diba Deposit.
    • Test the strike and down dip potential of the Diba NW discovery.
    • Test the extent of the high-grade zone within the Diba Deposit.
  • Current programme will be supplemented by up to 2500 m of air core (AC) drilling.
  • Diba is strategically located in a world-famous gold belt that hosts numerous opencast mines.

Steven Poulton, Chief Executive of Altus, commented: “A near-surface intersection of 21.9 g/t over 10.2 m represents an outstanding start to the current drilling campaign at the Diba gold project in western Mali. The drilling will comprise up to 10 100 m of DD and RC and will be supplemented by up to 2500 m of AC drilling. These programmes are designed to test the potential down-dip and along-strike extensions of the Diba Deposit, as well as increase the resource confidence. At the Diba NW discovery, the drilling will test the strike extent and down dip continuation of the mineralisation. We look forward to updating shareholders on the results of this programme when they are received.”

Read the article online at: https://www.globalminingreview.com/exploration-development/04112021/altus-strategies-reports-diba-gold-drilling-intersects/

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This article has been tagged under the following:

African mining news Gold mining news Opencast mine news