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Tabakoroni results show "rapidly unfolding major discovery" for Resolute Mining

Resolute Mining Ltd (ASX:RSG) managing director and chief executive John Welborn speaks to Proactive Investors about the “exceptional” results from multiple holes of reverse circulation (RC) and diamond drilling at the Tabakoroni Project, 35 kilometres south of the company’s Syama Gold Mine in Mali.

At Tabakoroni Nord, the multi-rig drilling program is expected to grow the previously defined resource, where open pit mining is scheduled to commence in the coming months. Meanwhile, at the Tabakoroni Main Zone, today’s announcements have revealed the potential for a new underground mine.

Exploration efforts around the wider Syama area will now be increased to investigate the full resource potential revealed with each round of thick section, high-grade results, with a focus on the Nafolo discovery.

At the Syama gold mine, oxide and sulphide processing plants are producing, as a world-class sublevel cave operation develops, set for completion in December of this year.

Quick facts: Resolute Mining Limited

Price: 0.805 AUD

ASX:RSG
Market: ASX
Market Cap: $888.63 m
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on 20/8/20

2 min read