Altus Strategies Plc (AIM: ALS, TSXV: ALTS, OTCQX: ALTUF) has commenced a 10,000m Reverse Circulation (RC) and 1,300m Diamond Drilling (DD) programme at the company’s 100% owned Diba gold project western Mali.
Diba hosts a shallow-dipping, near-surface gold deposit and a number of other prospective targets.
Highlights:
- Combined 11,300m DD & RC drilling programme at the Diba gold project in western Mali
- Previous intersections from the Diba Deposit include (down-the-hole and not true widths):
- 3.34 grams per tonne gold over 60m from 17m
- 8.50 g/t Au over 24m from 20m (including 26.45 g/t Au over 7m)
- 43.83 g/t Au over 5m from surface
- Results returned from Diba NW prospect, where previous intersections include (down-the-hole and not true widths):
- 1.45 g/t Au over 22m from 55m
- 1.87 g/t Au over 10m from 8m
- Drilling programme 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
- Additional 7,500m Air Core (“AC”) drilling programme to test undrilled satellite targets
- Diba is strategically located in a world-famous gold belt that hosts numerous open pit mines
Steven Poulton, Chief Executive of Altus, commented:
“We are delighted to report that drilling has recommenced at the Diba gold project in western Mali, following the end of the rainy season,” Chief Executive, Steven Poulton, said.“Recent drilling from Diba NW has established a series of consistent shallow-dipping zones of gold mineralisation. Previous exploration drilling at Diba NW has returned an intersection of 1.45 g/t Au over 22m from 55m.
“The programme at Diba NW will focus on testing potential extensions to the mineralisation along strike and down dip, culminating in the completion of a maiden resource estimate for the prospect. We look forward to updating shareholders on the results of this programme when they are received.”
Diba Project: Drilling Programme
The drilling programmes are being undertaken by Capital Drilling Limited and comprise approximately nine DD holes to an average depth of 150m for a total of approximately 1,300m and approximately 60 RC drill holes to an average depth of 150m for approximately 10,000m.
The DD programme will primarily test the extent of the high-grade zone within the current MRE as well as the down-dip extension of mineralised lenses. In addition, the DD programme will produce orientated core to enable a better structural understanding of the Diba Deposit, and density measurement will increase knowledge of variations between the 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.
Diba NW: RC Drilling Results
Assay results for the final 11 RC drill holes (totalling 1,769m) which were completed at the Diba NW prospect before the rainy season have been received and are summarised in Table 1 below. The holes were drilled at -60 degrees inclination and ranged between 78m to 138m in length. The drilling was orientated perpendicular to the interpreted structural orientation of the Diba NW prospect.
For further information please visit: https://www.altus-strategies.com/
