Altus Strategies Plc (AIM: ALS, TSXV: ALTS) has intersected high-grade gold 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.
Intersections from the Diba Deposit (down-the-hole and not true widths) include:
- 21.9 grams per tonne (g/t) gold (Au) over 10.2m from 28m (including 72.2 g/t over 3.0m from 31.0m)
- 2.0 g/t Au over 25.4m from 43.4m (including 3.2 g/t Au over 12.3m from 56.5m)
- 1.4 g/t Au over 26.7m from 17.3m (including 4.1 g/t Au over 3.0m from 32.2m)
A combined 10,100m DD and Reverse Circulation (RC) drilling programme 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 2,500m of Air Core (“AC”) drilling
Chief Executive, Steven Poulton, said Diba is strategically located in a world-famous gold belt that hosts numerous open-pit mines.
“A near-surface intersection of 21.9 g/t over 10.2m represents an outstanding start to the current drilling campaign at the Diba gold project in western Mali,” Mr Poulton said.
“The drilling will comprise up to 10,100m of DD and RC and will be supplemented by up to 2,500m 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.”
Diba Project Drilling Programme
The drilling is being undertaken by Capital Drilling Limited and will comprise up to seven DD holes to an average depth of 150m for a total of approximately 1,100m and up to 60 RC drill holes to an average depth of 150m for approximately 9,000m.
The DD programme will primarily test the extent of the high-grade zone within the mineralization subject to the current MRE as well as the down-dip extension of the mineralised lenses. In addition, the DD programme will produce orientated core to enable a better structural understanding of the Diba Deposit, as well as density measurements to understand any variations between oxide, transitional and fresh rock domains.
The RC programme will primarily target expansion of the known lenses of mineralisation at both the Diba Deposit and Diba NW prospect. The holes will target the along-strike and down-dip extension to previously defined mineralisation. In addition, drill holes will test the potential for further lenses of mineralisation to occur beneath the currently modelled lenses.
For further information please visit: https://www.altus-strategies.com/