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Resolute Mining Ltd.
Summary
| Project: | Syama | |
|---|---|---|
| Deposit: | Syama | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 7/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-7-2017: Resolute Mining Ltd. announces an Exploration/Drilling Update report for its Syama deposit at the Syama project. Drilling results incl. 20m @ 18.28g/t Au from 117m. Resolute Mining Limited (Resolute or the Company) (ASX:RSG) is pleased to annou | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bruce Mowat (Internal) | |
| ABSTRACT: | Resolute Mining Limited (Resolute or the Company) (ASX:RSG) is pleased to announce results from ongoing exploration drilling at the Syama Gold Mine (Syama) in Mali. This exploration update follows the success of the Syama deep drilling campaign during 2016 and the associated discovery of Nafolo (refer to ASX announcements dated 1 August 2016, 25 October 2016 and 18 January 2017). The results reported today are from exploration programs at Syama focused on drill-testing high grade sulphide targets below and within proximity of existing orebodies. Since the discovery of Nafolo the Company has been exploring further opportunities for discoveries within the Syama region. Resolute has a large ground holding which covers approximately 80km of the Syama shear zone. Within this ground holding the majority of exploration drilling to date has focused on the discovery of shallow oxide resources. Given the Company’s strong financial position and long term commitment at Syama, Resolute has seized the opportunity to systematically test and establish the full potential of this prolific gold belt. Commenting on the exploration results Resolute’s Managing Director and CEO, Mr John Welborn, expressed his excitement at the incremental confirmation of the value potential for Resolute at Nafolo, Tabakoroni and BA-01: “The Syama region is underexplored by global standards. Our increased investment in exploration is aimed at unlocking the enormous potential of the large area we control by accelerating drilling at high priority sulphide targets. Nafolo is emerging as a major new discovery, and the drilling from Tabakoroni and BA-01 is equally exciting. The results from these satellites create the opportunity to mine high grade underground orebodies to supplement and increase future production from Syama. We are committed to creating value through exploration and in the coming financial year Resolute will maintain a high level of activity at Syama, with further drilling planned at Nafolo, Syama Deeps, Tabakoroni and BA-01. I look forward to sharing further results and confirming the scale of Syama’s future.” | |
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