- 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.
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.
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.