Intercepts report on Diba & Lakanfla Gold Project in Mali released

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Intercepts report on Diba & Lakanfla Gold Project in Mali released

Significant gold intersections has been reported at the Diba & Lakanfla Gold Project in Western Mali. Altus Strategies said the results are from reverse circulation (“RC”) drilling done.

The 24km2 Lakanfla gold project is located 5km east of the Company’s Diba (‘Korali Sud’) oxide gold project and approximately 6.5km southeast of the karst-type FE3 and FE4 open pits of the multi-million ounce Sadiola gold mine and 30km southeast of the former multi-million ounce Yatela karst-type gold mine.

Drilling programme

The 11,832m drilling programme at the Project has been completed by Capital Drilling Limited and comprised 1,359m of diamond drilling (“DD”), 1,433m of air core (“AC”) and 9,040m of RC drilling. The most recent and final phase of drilling at Lakanfla comprised 3,848m of RC, testing a number of targets which could potentially contribute to a maiden MRE.

The holes were drilled at between -50 to -70 degrees inclination and range between approximately 75m to 315m in length. The drilling was orientated perpendicular to the interpreted structural orientation at Diba & Lakanfla. Both licences host numerous gold prospects, including a shallow-dipping, near-surface gold deposit (the “Diba Deposit”).

“We are pleased to report on the further encouraging drilling intersections from the Diba & Lakanfla gold project in western Mali. RC results include 1.32 g/t Au over 26m from 85m and 0.90 g/t Au over 66m from 41m (not true widths) from the Lakanfla Central prospect. These results extend the mineralised strike of Lakanfla Central by approximately 200m to approximately 750m, with mineralisation remaining open to the northeast and at depth. The latest results confirm the presence of a broad gold mineralised package at Lakanfla Central, from which we recently reported an intersection of 1.23 g/t Au over 127m from 21m (not true width).

Lakanfla Central is hosted within a large porphyritic granite and is one of at least four priority prospects at Lakanfla, where gold mineralisation is often associated with sub-vertical and brecciated structures. Lakanfla hosts a number of zones of intense hard rock artisanal gold workings. Historical results from drilling at the Lakanfla licence include 5.10 g/t Au over 26m, 4.31 g/t over 18m and 1.02 g/t Au over 60m (not true widths).

The results from the now completed drilling programme at Diba & Lakanfla will feed into an updated independent MRE and PEA for the Project. We look forward to updating shareholders on the results of these studies in due course,” Steven Poulton, Chief Executive of Altus, commented.

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