Altus Strategies PLC - Africa-focused mining royalty company - Announces the new discovery at Diba gold project in Mali, of a delineation of a significant and shallow-dipping potential gold deposit, which has been dubbed Diba NW.
Diba NW was defined from the combination of results from the recently completed 10,308 metre reverse circulation drilling programme and historical project data. The deposit is currently 550 metres long, 150 metes wide and open along strike and down dip.
Intersections include 1.45 grams per down of gold over 22 metres from 55 metres downhole.
"The highest grades appear to be situated on the northern margin of an igneous intrusion, which is interpreted to be up to 1.5 kilometres long. Diba NW remains open along strike and down dip. The proximity of Diba NW to the existing Diba Deposit is highly encouraging. Further drilling will be undertaken in order to determine if a resource can be defined at Diba NW," said Chief Executive Steven Poulton.
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By Dayo Laniyan; dayolaniyan@alliancenews.com
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