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Resolute Mining Ltd.
Summary
| Project: | Syama | |
|---|---|---|
| Deposit: | Syama | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 4/16/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 16-4-2020: Resolute Mining Ltd. announces an Exploration/Drilling Update report for its Syama deposit at the Syama project. Drilling results incl. 7m @ 22.83g/t Au from 17m. Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) is pleased to an | |
| 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 encouraging oxide gold drilling results from ongoing exploration programs at satellite deposits of the Syama Gold Mine in Mali (Syama). Managing Director and CEO, Mr John Welborn, welcomed the positive exploration update and the identification of new oxide mining opportunities at Syama: "Since 2014, Resolute has established and maintained a very successful oxide mining and processing operation at Syama. Expanding oxide resources and extending the life of this operation is a key objective of our business. These results are highly encouraging and reinforce our commitment to exploration and confirm the prospectivity of Resolute's extensive Syama landholding." Syama Oxide Exploration Resolute commenced a program of accelerated oxide exploration in the first quarter of 2020 to coincide with the dry season in Mali. Exploration to expand oxide resources and extend mine life is a key priority for the Company. Recent exploration efforts have focussed on the areas adjacent to the oxide deposits north of Syama and in the vicinity of the Tabakoroni deposit, located 35km south of Syama. Reverse circulation (RC) drill programs are also planned south of Syama where recent soil geochemical programs have defined new target areas along the main Syama Shear and east of the Paysans - Cashew Trend. | |
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