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(Alliance News) - Resolute Mining Ltd on Thursday reported "excellent" drill results from recent exploration programmes in Senegal and Cote d'Ivoire.
The gold mining company said diamond drilling undertaken at the Mako mine in Senegal confirmed the potential of a coherent high-grade lode at the north-eastern end of the Mako open pit. The exploration results also demonstrate the potential for mine life extension at Mako.
"In addition to the immediate opportunities for mine life extension at Mako, Resolute has identified significant additional opportunities to source oxide mill feed for Mako within trucking distance of the existing processing plant," said Managing Director & Chief Executive John Welborn.
Meanwhile, drilling campaigns across landholdings in Cote d'Ivoire have delivered promising results in 2019, Resolute said, and will be a focus exploration area for the company in 2020.
"We are actively progressing exploration activities in Senegal, Cote d'Ivoire, and Mali seeking to add low cost, high quality ounces to our portfolio," said Welborn.
Resolute Mining shares were trading 6.7% higher in London on Thursday at 65.90 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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