Alecto Minerals (LON:ALO) has completed a 1,505 metre Rotary Air Blast (RAB) drill programme at its Gourbassi East prospect (GRBE).
GRBE is one of three target areas identified at the group's 207 sq km Kossanto Gold Project in Western Mali.
The RAB rig has now been deployed to the Gourbassi West (GRBW) prospect to test the gold mineralisation to the north of the target, where drilling to date has highlighted the potential for continuation.
The work programme at GRBW will be critical to understanding the near-term resource potential at this prospect, Alecto said.
Mark Jones, Alecto’s chief executive, said: "This RAB drill campaign was designed to extend our knowledge of the GRBE target, focussed on the prospective land outside of the initial resource area where 107,000 ounces of gold has been previously identified in accordance with the JORC code.
“Judicious modification of the Alecto-owned drill equipment means that we have achieved an extremely cost-effective exploration tool and by undertaking campaigns of this kind at Kossanto, we can generate advanced drill targets prior to resource drilling at a cost as low as US$5.60 per metre.
“We look forward to receiving the results from this latest campaign, as well as key results from our Reverse Circulation and Diamond Drill campaign conducted across all of our three targets at Kossanto."