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Altus Strategies commences drilling at Diba Gold Project

Published by
Global Mining Review,


Altus Strategies Plc has announced the commencement of a significant 17 500 m reverse circulation (RC) and air core (AC) drilling programme at the company's 100% owned Diba gold project in western Mali. The drilling programme follows the completion of an initial 48 km2 ground magnetic survey, which has defined a number of additional targets.

Highlights

  • Combined 17 500 m RC and AC drilling programme at the Diba gold project in western Mali.
  • 10 000 m RC programme designed to:
    • Test the high grade zone within the Diba deposit, where previous intersections include 3.34 g/t gold (Au) over 60 m from 17 m (including 13.60 g/t Au over 9 m) and 43.83 g/t Au over 5 m from surface (not true width of intervals).
    • Expand the current mineral resource estimate (MRE) at the Diba deposit.
    • Extend strike and down dip extensions of the Diba NW discovery.
  • 7500 m AC programme designed to:
    • Test the northern strike of the Diba NW discovery (800 m from Diba deposit).
    • Evaluate artisanal workings at the Diba Far East prospect (7 km from Diba deposit).
  • Additional targets defined by 48 km2 ground magnetic survey to be drill tested.

Steven Poulton, Chief Executive of Altus, commented: ''We are aggressively advancing exploration of the company's 100% owned Diba gold project in western Mali, with the commencement of a major RC and AC drilling campaign. Our field team is undertaking a high-resolution ground magnetic survey, which has covered 48 km2 of the licence to date. This survey has generated numerous structural targets across the licence, including at Diba NW, located 0.8 km northwest of the Diba deposit, and at Diba Far East, located 7 km east of the Diba deposit.

"The 10 000 m RC programme will test the high grade zone within the Diba deposit, where previous intersections include 3.34 g/t Au over 60 m from 17 m (including 13.60 g/t Au over 9 m) and 43.83 g/t Au over 5 m from surface. The programme will also seek to expand the current MRE at the Diba deposit, as well as test the potential extension of the Diba NW prospect.

"The 7500 m AC programme will target a high priority 4 km long and northerly striking zone, which may represent a potential extension of the Diba NW prospect. Diba NW was discovered by an RC programme completed by Altus earlier this year. Intersections from Diba NW included 1.45 g/t Au over 22 m and 1.87 g/t Au over 10 m (not true widths). The AC programme will also test Diba Far East, which contains numerous artisanal gold workings with shafts reportedly dug up to 20 m deep, coincident with significant structural targets identified from the ongoing ground magnetic survey.

"On completion of these programmes, Altus anticipates commissioning an updated independent MRE and Preliminary Economic Assessment for the Project. Diba is a significant discovery in West Africa and we look forward to updating shareholders on the progress of these programmes in due course."

Read the article online at: https://www.globalminingreview.com/exploration-development/25052021/altus-strategies-commences-drilling-at-diba-gold-project/

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