For thousands of other reports visit RSC's Mineral Intellingence Map
Resolute Mining Ltd.
Summary
| Project: | Mako | |
|---|---|---|
| Deposit: | Mako | |
| Location: | Senegal | |
| Commodities: | Gold | |
| Date: | 12/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-12-2019: Resolute Mining Ltd. announces an Exploration/Drilling Update report for its Mako deposit at the Mako project. Drilling results incl. 8.45m @ 11.68g/t Au from 74.65m. Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) is pleased t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bruce Mowat (Internal) | |
| ABSTRACT: | Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) is pleased to announce excellent drill results from recent exploration programs in Senegal and Côte d’Ivoire on projects acquired by Resolute as a result of the successful Toro Gold Limited (Toro Gold) transaction (see ASX Announcement dated 31 July 2019). The most significant results have been generated by diamond drilling undertaken at the Mako Gold Mine (Mako) in Senegal which confirm the potential of a coherent high-grade lode at the north-eastern end of the Mako open pit. The positive exploration results demonstrate the potential for mine life extension at Mako and build on the exceptional operating performance of the mine since Resolute assumed ownership. Mako produced 44,191 ounces (oz) at an All-In Sustaining Cost (AISC) of US$716/oz in the September 2019 Quarter (see ASX Announcement dated 31 October 2019). Managing Director and CEO, Mr John Welborn, was pleased to have received immediate confirmation of the opportunities to expand Resolute’s gold inventory with positive exploration results from Toro Gold’s land package: “The Mako Gold Mine has already outperformed for Resolute and positive exploration results are further confirmation of value creation. The drilling results indicate strong potential to increase open pit gold inventory at Mako which will extend the life of our new high quality, low cost operation. We are delighted to be operating successfully in Senegal and we are actively seeking to expand our tenement package to include new high-quality exploration prospects. “A highly prospective and expansive exploration portfolio covering over 2,800km2 across Senegal, Côte d’Ivoire and Guinea was acquired as part of the Toro Gold transaction. 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. We are investigating possible joint ventures and acquisitions of highly prospective ground in eastern Senegal. Resolute is committed to creating value through successful exploration. We are actively progressing exploration activities in Senegal, Côte d’Ivoire, and Mali seeking to add low cost, high quality ounces to our portfolio." | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report