17th Aug 2020 10:32
(Alliance News) - Altus Strategies PLC on Monday announced high-grade gold results from drilling intersects at Tabakorole in southern Mali.
The mining royalty company focused on Africa said the intersections include 4.7 grams per tonne of gold over 14.0 meters and 1.2 grams per tonne over 31.0 meters.
The 600 meter long north-west extension was confirmed with 1.2 grams per tonne of gold over 12m.
Chief Executive Steven Poulton said: "We are encouraged to report the high grades and broad widths of gold mineralisation intersected from the recent drilling programme at Tabakorole.
The programme was financed and completed by our ASX-listed JV partner Graphex Mining, which is earning an initial 33% interest in the project. The intersection of 4.7 g/t gold over 14m, within a wider envelope of 38m averaging 2.1 g/t gold is excellent."
All drilling was conducted by Graphex Mining Ltd.
The new results will be added into an updated mineral resource estimate.
Altus Strategies shares were up 19% at 74.40 pence each on Monday morning in London.
By Greg Roxburgh; [email protected]
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