UK-based mining royalty company Altus Strategies has released an exploration update on the Tabakorole gold project in southern Mali.
Steven Poulton, the chief executive of Altus, said in a statement that the "potential of the Tabakorole gold project in southern Mali contin-ues to grow. These latest drilling results increase the strike length of the deposit to at least 3.2 km.”
Altus holds a 49 percent equity interest in the African project and a 2.5 percent net smelter return (NSR) royalty on the mine. Exploration activities at Tabakorole are funded by Marvel Gold Limited under the company’s joint venture with Altus Strategies.
"Marvel Gold, our ASX listed JV partner, is aggressively advancing the Project, with further drilling already underway targeting near-sur-face, high-grade intercepts that fall outside of the previously modelled mineralisation. These drilling programmes are expected to contribute to an updated MRE in the third quarter of this year. In the meantime, a 5,100m AC drilling programme is also underway, testing the poten-tial for further strike extensions to the south," Poulton said.