Total
0
Shares
Resolute Mining workers. Source: Resolute Mining
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Resolute Mining (RSG) updates the market on exploration at its Tabakoroni and Syama North gold deposits in Mali, West Africa
  • RSG completes extensional drilling at Tabakoroni Underground to convert the inferred resources to the indicated category and extend the mineralised zone
  • It says it has been successful in this attempt and expects the mineral resources to be “significantly” increased when estimated later this year
  • At Syama North, RSG is encouraged by the results received to date and plans to undertake resource modelling and pit optimisation prior to open pit mining
  • Shares are trading steady at 46.5 cents

Resolute Mining (RSG) has received the latest results from drilling at its Tabakoroni and Syama North gold deposits both in Mali, West Africa.

Drilling at Tabakoroni was completed within the Finkolo-Tabakoroni exploration licence which it has a majority interest in through its Malian subsidiary Société des Mines de Finkolo SA.

It also has an 80 per cent interest in the Syama project and the Malian Government holds the remaining interest in both projects.

Tabakoroni Underground

RSG has reported a continuation of “outstanding” results from its ongoing resource drilling program at Tabakoroni Underground.

Diamond drilling in 2021 concentrated on both converting the inferred resources to the indicated category and to expand the footprint of the mineralised zone intersected during drilling in late 2020 underneath the south oxide pit.

The company said it has been successful in this feat with multiple, high-grade intersections returned from drilling down-dip and outside the current resource model.

Moreover, RSG said the drill results extend the high-grade zone by a further 150 metres down-dip, and the company expects the mineral resource will be increased later this year.

For the rest of the year, RSG plans to continue to infill and expand the mineralisation underneath the south pit.

Syama

Resolute has been concentrating on reverse circulation drilling at Syama North with the aim of outlining mineable oxide resources.

A re-evaluation of the shear zone located north of Syama, has reportedly identified several targets for follow up drilling.

The company is encouraged by the results it has received to date which include multiple high-grade oxide intersections.

Additionally, RSG said the drilling density is sufficient to undertake resource modelling and pit optimisation, which it plans to undertake prior to making a decision to recommence open pit mining.

Shares were trading steady at 46.5 cents at 2:10 pm AEST.

RSG by the numbers
More From The Market Herald
The Market Herald Video

" Orange may be the new gold

One of the latest explorers to head to the ASX is Perth-based Orange Minerals with listing anticipated as soon as next week.
Pan Asia Metals (ASX:PAM) - Managing Director, Paul Lock

" Pan Asia Metals (ASX:PAM) announces latest drilling results from Reung Kiet lithium project, Thailand

Pan Asia Metals (PAM) has released lithium drill results for four holes from its Reung Kiet project in southern Thailand.
Vango Mining (ASX:VAN) - Executive Chairman, Bruce McInnes

" Vango Mining (ASX:VAN) unveils further gold intersections at Marymia

Vango Mining (VAN) has unveiled further gold intersections from an ongoing open-pit drilling campaign at its Marymia Gold Project in the mid-west region

" Pursuit Minerals (ASX:PUR) gets final assays from Phil’s Hill

Pursuit Minerals (PUR) has confirmed a silver sulphide mineralising system at its Phil’s Hill prospect in Western Australia following receipt of the final