Altus Strategies PLC reports high-grade gold from drilling in the Diba NW prospect in Mali
Once the current campaign is complete, the results will feed into an updated mineral resource estimate for Diba and potential first estimates for the Diba NW and Lakanfla Central prospects.
Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) announced high-grade results from the 100% owned Diba NW prospect in western Mali.
Reverse circulation (RC) drilling grades would include 8.74 grams per tonne (g/t) gold over 7m from 119m; 4.76 g/t gold over 12 m from 102 m; and 1.16 g/t gold over 29m from 126m – neither of which is the exact true width.
“We are delighted to report these high quality results from the Diba NW prospect,” said General Manager Steven Poulton.
With Diba NW located 0.5 km northwest of the Diba deposit, he noted that it is modeled “as a consistent series of lenses of shallow-dipping, near-surface gold mineralization along a strike length discontinuous for about 1.5 km.
“These new high-grade intersections indicate the presence of potentially enriched zones, or sub-vertical mineralized structures, at Diba NW that will be subject to follow-up exploration.”
Altus Announces Intersection of High-Grade Gold from Reverse Circulation Drilling on the Diba NW Prospect, Part of the Company’s 105 sq. km Combined Diba & Lakanfla Gold Project, 100% Owned, in Western Mali . Read here: #ALS #ALTS https://t.co/EE3ioQpV9b pic.twitter.com/lFZNM2NSdB
— Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) (@Altusstrategies) January 27, 2022
A program of around 10,000m of RC and diamond drilling is underway, the company said, to test various elements of the 105km2 project, including potential extensions down dip and along strike of the deposit. of Diba and the perspective of Diba NW. .
Drilling is also planned to test the potential of the Lakanfla Central prospect, located approximately 5 km east of Diba.
Once complete, he said the drill results will feed into an updated Mineral Resource Estimate (MRE) for Diba and a potential first MRE for the Diba NW and Lakanfla Central prospects.
“This work will be followed by an updated preliminary economic assessment of the project. We look forward to updating shareholders as further results are received,” Poulton said.