Altus Strategies has announced encouraging drilling results from its JV at the Tabakorole gold project located in southern Mali.
Altus holds a 49% equity interest and 2.5% Net Smelter Return royalty on the project. Exploration activities at Tabakorole are being funded by Marvel Gold under its JV with Altus.
Steven Poulton, Chief Executive of Altus, comments:
“We are delighted to announce further drill holes returning encouraging grades over good widths within the main deposit of the Tabakorole gold project in southern Mali. Of particular significance, is the discovery of a new zone of mineralisation 3 km to the southeast of the main deposit.
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“This discovery represents just one of numerous targets that have been defined to date, based on soil and geophysical anomalies, and underscores our confidence that the deposit at Tabakorole will continue to grow. Marvel Gold, our ASX-listed JV partner, is aggressively advancing the Project through a number of drilling programmes and these are expected to contribute to an updated MRE later in the year.”