For thousands of other reports visit RSC's Mineral Intellingence Map
Resolute Mining Ltd.
Summary
| Project: | Syama | |
|---|---|---|
| Deposit: | Syama | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 10/25/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 25-10-2016: Resolute Mining Ltd. announces an Exploration/Drilling Update report for its Syama deposit at the Syama project. Drilling results incl. 18m @ 3.02g/t Au from 372m. Resolute Mining Limited (Resolute or the Company) (ASX:RSG) is pleased to repor | |
| Resources: | (Reserve, P+P): 37Mt @ 2.6g/t Au for 3.093Moz Au contained | |
| CP/QP: | [Overall Report]: Richard Bray; Andrew Goode (Internal) | |
| ABSTRACT: | Resolute Mining Limited (Resolute or the Company) (ASX:RSG) is pleased to report additional high grade results from deep diamond drilling at the Syama Gold Mine (Syama) in Mali. The Syama deep drilling program was commenced in late 2015 with the ambition of substantially expanding the Syama underground resource. Resource expansion was primarily expected to be at depth with the majority of drilling targeting mineralisation below the existing underground reserve. Positive results have been previously reported demonstrating the potential for substantial future resource growth (refer to ASX announcements dated 8 February 2016, 9 March 2016, and 1 August 2016). These previously reported results also indicated mineralisation at Syama remains open to the north and south. The intercepts reported in this announcement are from drillhole SYDD442 on section 22800N which was completed to a depth of 480.3m during September 2016. Resolute’s Managing Director and CEO, Mr John Welborn, was excited about the results from the ongoing deep drilling program at the Syama Gold Mine: “The two intersections in SYDD442 are particularly significant as they intersect gold mineralisation at a relatively shallow depth in an area where there has been no previous drilling, 250m south along strike from the current mining reserve. The results indicate a potential new mineralisation lens which is separate from the main mineralised zone at Syama. We see enormous potential along strike to the south and down dip, and that potential is being confirmed by these and other drill results returned this year. These results completely open up the southern area at Syama for potential major extensions to resources.” | |
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