This release reports on the fifth and final batch of assay results from the Phase 8 drill program and includes:
Karakara: eleven diamond drill ('DD') holes, totalling 2,092.3m and four Reverse
Circulation ('RC') holes, totalling 582m
Kassassoko: two DD holes, totalling 318m
Area D: one DD hole, totalling 60m
Area D South: one DD hole, totalling 69.7m
Area A: one RC hole, totalling 168m
Area A South: one DD hole, totalling 251.2m DIAMBA SUD DRILLING KARAKARA
Karakara is located 1.2km southwest of Area D and over a geochemical anomaly coincident with the interpreted trend of the Northern Arc structure. Drilling has defined shallow, highgrade mineralisation over at least ~250m of strike. Mineralisation appears to be predominantly associated with quartz-carbonate-hematite-albitepyrite alteration within hydrothermally altered brecciated sedimentary rocks, however mineralisation in the granites has also been observed. The north-south trending, east dipping sedimentary sequence is bounded by granite to the east and west. The geometry of the mineralisation is complex but may be associated with folding and an anticlinal structure observed in core and geophysics. Locally there are very high grades associated with a northeast-southwest trending dyke that transects the mineralisation (Figure 1). This final batch of drill results has extended mineralisation to more than 250m strike with mineralisation remaining open to the northeast, east and possibly to the southeast. In the north drilling intersected very high-grade mineralisation adjacent to the northeastsouthwest trending dyke with mineralisation remaining open in that direction. Intercepts included
KASSASSOKO
Kassassoko is located 2.5km south of Karakara and may form the southeast extension of the Western Splay structure. The area has been actively exploited by the local artisanal miners over the past six months. Mineralisation appears to be hosted within an east-west sheared and stockworked granite with associated pyrite alteration. Two DD holes were drilled under the pit to follow up the previously reported5 very significant high-grade results returned from fifteen rock chip samples collected from within the Kassassoko artisanal workings (Figure 4). Both DD holes returned mineralised intervals associated with stockworked granite, however the grades and widths did not reflect what has been observed in the pit. Additional investigation will be undertaken over the area during the next field season.
The Phase 8 drill program has been completed and all assays have now been released. Maiden Mineral Resource estimates over Karakara and Bougouda plus a full update of the Mineral Resources for the whole Project area has commenced and will be released once completed. Definitive Feasibility Studies have commenced. Metallurgical testwork is currently underway with additional samples from the recently completed metallurgical drilling to be delivered in September
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