Atlus Strategies announces drill results at Tabakorole gold project

Highlights:

• Significant AC drill intercept of 6.2 g/t Au over 6 m from 14 m depth (not true width).
• Intersection extends strike potential of FT Prospect by 600 m to approximately 3 km.
• Programme has defined a 28 m wide target coincident with the key magnetic anomaly.
• Historical drilling from FT Prospect of 9.31 g/t Au over 16 m, 9.84 g/t Au over 14 m and 2.91 g/t Au over 60 m (not true widths).
• Results pending from eight hole (1544 m) diamond drilling program completed by Graphex.
• Updated mineral resource estimate on Tabakorole to be completed by Graphex.
• Graphex are earning an initial 33% interest in the Project under the JV.

Steven Poulton, Chief Executive of Altus, commented: “We are delighted to report on these excellent results from the AC programme completed at Tabakorole by our JV partner Graphex. An intersection of 6.2 g/t Au over 6 m from 14 m depth is exceptional. Perhaps even more impressively, the AC programme has extended the potential strike length of the FT Prospect by a further 600 m to approximately 3 km in length”.

“Tabakorole is shaping up to be a potentially significant gold deposit in southern Mali and we are looking forward to further news from the project, with the results from the recently completed diamond drill programme expected shortly.”

Northwest extension

In March 2020, a high-resolution ground magnetics survey was completed over the northern part of the Tabakorole licence. This survey defined an apparent continuation of the magnetic anomaly which is coincident with the known gold mineralisation within the FT Prospect. A 2042 m AC drilling programme was also conducted, which confirmed the presence of gold mineralisation coincident with this anomaly. The recently completed 92-hole (1811 m) AC drilling programme has established that the FT Prospect extends further to the west, providing a significant target for follow-up and deeper drilling.

Resource drilling update

Graphex have completed an eight hole, 1544 m diamond drilling programme at Tabakorole and the assay results are expected shortly. The programme was designed to test the potential for high-grade plunge extensions, infill known gaps in the historic resource model and test the potential of the northwest strike extension. Graphex intends to incorporate these results into an updated mineral resource estimate on the project in accordance with the 2012 JORC Code & National Instrument 43-101.

Tabakorole Project: location

The 100 km² Tabakorole gold project is located in southern Mali, approximately 280 km south of the capital city of Bamako. The project sits on the Massagui Belt which hosts the Morila gold mine (operated by Barrick Gold), located approximately 100 km to the north. The project is 125 km southeast of the Yanfolila gold mine (operated by Hummingbird) and 100 km east of the Kalana gold project (operated by Endeavour Mining). Mineralisation hosted on these properties is not necessarily indicative of mineralisation hosted at Tabakorole.

Tabakorole Project: geology

Tabakorole comprises a 2.7 km long shear zone which is up to 200 m wide, hosted in the Archaean and Birimian aged Bougouni Basin of the Man Shield of southern Mali. The geology is dominated by clastic sediments, cut by northwest trending deformation zones which host gold mineralisation. At least two, possibly three, Eburnean deformation events are believed to have affected the geology of Tabakorole. The project hosts the FT Prospect comprised of mylonites, sheared diorite, gabbro, mafic dykes and late stage felsic dykes, within a folded and deformed metasedimentary package of meta-siltstone, meta-wacke and meta-sandstone. Mineralisation is locally most favourably associated where structures cut gabbro and along lithological contacts with gabbro.

Read the article online at: https://www.globalminingreview.com/exploration-development/06082020/atlus-strategies-announces-drill-results-at-tabakorole-gold-project/