viewResolute Mining Limited

Resolute Mining discovers more gold at Tabakoroni

Tabakoroni is 35 kilometres south of the operating Syama Gold Mine.

mali marked with pin on map
A maiden underground resource is expected Q1 2019, more results are pending

Resolute Mining Ltd (ASX:RSG) has received further diamond drill results from the ongoing exploration program at the Tabakoroni Project in southern Mali.

Drilling has intersected wide zones of high-grade gold sulphide mineralisation extending the strike length to 1.5 kilometres in length.

Results include 12 metres at 15.3 g/t gold from 182 metres, 15 metres at 4.8 g/t gold from 101 metres and 4 metres at 15.5 g/t gold from 113 metres.

A compelling case is developing for a future standalone underground operation at Tabakoroni.

READ: Resolute Mining delivering Syama gold mine on time and on budget

Resolute’s managing director and CEO John Wellborn said: “These new results have extended the strike length of the high grade zones at Tabakoroni.

“We are identifying new mineralisation in the hanging wall of the Tabakoroni shear zone which further expand the potential for underground mining.

“We continue to receive exceptional high grade intersections which reinforce the value of the ongoing investment in exploration in Resolute’s extensive Syama tenure.”

“Tabakoroni is an important growth opportunity for Resolute which will allow the company to exploit the extensive processing infrastructure at Syama.

“Open pit mining at Tabakoroni has commenced with oxide ore being delivered to Syama on a newly constructed haul road.

“Future underground ore will provide higher grade material and has the potential to further enhance Syama’s future production and cost profile.”

Quick facts: Resolute Mining Limited

Price: 1.055 AUD

Market: ASX
Market Cap: $1.16 billion

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