- Resolute Mining (RSG) announces “some of the best” gold intersections recorded from the Syama North area in Mali
- Drilling is targeting down-dip extensions at the A21 and Beta pits and the latest results have not only extended mineralisation but outlined the potential for a new open pit operation
- Highlighted results include 27 metres at 6.62 g/t gold from 45 metres and 26 metres at 7.8 g/t gold from 180 metres
- The company says the results may “significantly contribute” to an upgraded mineral resource estimate (MRE) which is targeted for the September quarter
- RSG shares are up 8.33 per cent to trade at 26 cents at 3:59 pm AEST
Resolute Mining (RSG) has announced new gold results from exploration drilling at Syama North in Mali.
Earlier this year, the company began a diamond and reverse circulation (RC) drilling program at the A21 and Beta pits which are located within four to eight kilometres of the main Syama mining and processing complex.
Drilling at these pits targeted the down-dip extensions of significant zones identified in 2021 drilling.
Positively, results have extended mineralisation along the entire strike length of the A21 pit and have also outlined the potential for a new open pit operation close to the Syama Complex.
Highlighted results include 27 metres at 6.62 grams per tonne (g/t) gold from 45 metres and 26 metres at 7.8 g/t gold from 180 metres.
Additional results include six metres at 4.74 g/t gold from 107 metres, and 10 metres at 7.14 g/t gold from 131 metres.
Resolute Mining said these results represent some of the best gold intersections recorded from the Syama North area and believes they may “significantly contribute” to an upgraded mineral resource estimate (MRE).
Syama North’s current MRE stands at 20.3 million tonnes at 2.14 g/t gold for 1.39 million ounces.
CEO Terry Holohan said he was pleased with the progress the exploration and operations teams have made over the last 12 months.
“They have fully grasped the ‘back to basics’ approach we needed to adopt across all disciplines in order to continually improve the operation per se and thereby give us the opportunity to systematically improve the bottom line of the Syama project for many years to come,” he said.
Dilling at Syama North is ongoing and expected to continue throughout the rest of the year with the initial aim of assessing the potential for an open pit operation to complement and support the underground sulphide mining operation.
The company will also carry out an updated MRE during the September quarter.
RSG shares were up 8.33 per cent to trade at 26 cents at 3:59 pm AEST.