Marvel Gold, our ASX listed JV partner, is aggressively advancing the Project, with drilling currently targeting near-surface, high-grade intercepts that fall outside of the previously modelled mineralisation.
Marvel Gold has collected 4,267 soil samples and completed 5,300 line kilometres of high resolution ground magnetics as part of its ongoing regional exploration programme which includes Tabakorole.
The targets generated from the soil sampling and high-resolution ground magnetic programmes will now be followed up with mapping and rock chip sampling, where outcrop is encountered.
Altus understands Marvel Gold expects to release an upgraded resource statement in accordance with the JORC code at Tabakorole later this year.
Marvel Gold has the right to earn up to an 80% interest in Tabakorole by sole funding four stages of exploration, culminating in a definitive feasibility study, and by making certain cash .
Tabakorole is a 187km2 gold project located in southern Mali, approximately 280km south of the capital city of Bamako.
The Project hosts the FT Prospect comprised of mylonites, sheared diorite, gabbro, mafic dykes and late stage felsic dykes, within a folded and deformed metasedimentary package of meta-siltstone, meta-wacke and meta-sandstone.
A Qualified Person has not undertaken sufficient work to classify the Mineral Resource Estimate in accordance with NI 43-101, and the Company is not treating it as such.
He is a Fellow of the Institute of Materials, Minerals and Mining and has over 20 years of experience in mineral exploration and is a Qualified Person under the AIM rules and NI 43-101.
The Company’s focus on Africa and differentiated approach, of generating royalties on its own discoveries as well as through financings and acquisitions with third parties, has attracted key institutional investor backing.
These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements.
Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis.